On 4 December 2024, SG Fleet announced that it had entered into a Scheme Implementation Deed with Westmann Bidco Pty Limited (Bidco), an entity ultimately owned and controlled by funds managed or advised by Pacific Equity Partners Pty Limited, under which it is proposed that Bidco will acquire all of the shares in SG Fleet on issue by way of scheme of arrangement (Scheme).
If the Scheme is approved by SG Fleet Shareholders at the Scheme Meetings and by the Court, and if all other necessary approvals and conditions for the Scheme are satisfied or waived (as applicable), SG Fleet will become a wholly owned subsidiary of Bidco and will be delisted from the ASX.
The Scheme Booklet contains information that the SG Fleet Board considers is material to SG Fleet Shareholders in deciding whether or not to vote in favour of the Scheme. Shareholders should carefully read the Scheme Booklet as part of their consideration of the Scheme. Unless otherwise indicated, capitalised terms have the meaning given to them in the Scheme Booklet.