DTC
ME_219768785_1
Suite 11c, L3, 299 Toorak Road, South Yarra VIC 3141
ASX Announcement Damstra Technology
16 April 2024 (ASX: DTC)
Scheme of arrangement approved by Court
Damstra Holdings Limited (ASX: DTC) (Damstra) is pleased to announce that the Supreme Court of New South
Wales (Court) has today made orders approving the scheme of arrangement between Damstra and Damstra
shareholders pursuant to which Ideagen (Australia) Cerium BidCo Pty Limited (ACN 675 211 426) (an indirectly
wholly owned subsidiary of Ideagen Limited) (Ideagen) will acquire 100% of the shares in Damstra (Scheme),
as referred to in the Scheme Booklet released by Damstra to ASX on 11 March 2024 (Scheme Booklet).
Unless otherwise specified, capitalised terms in this announcement have the meanings given to them in
the Scheme Booklet.
Damstra expects to lodge a copy of the Court orders approving the Scheme with the Australian Securities and
Investments Commission pursuant to sub-section 411(10) of the Corporations Act 2001 (Cth) later today, at
which time the Scheme will become legally effective.
If this occurs, it is expected that trading in Damstra Shares on ASX will be suspended from close of trading
today, 16 April 2024.
Subject to the Scheme becoming effective, Damstra shareholders who are registered as such at 7:00pm
(Sydney time) on Friday, 19 April 2024 (Scheme Record Date) will receive the Scheme Consideration of $0.24
cash per Damstra Share held by them on the Scheme Record Date. Payment of the Scheme Consideration is
expected to be made on Friday, 26 April 2024.
Authorised for publication by the Executive Chair of Damstra Holdings.
Ends
Enquiries
Investors
Paul Burrows
+61 413 513 377
p.burrows@damstratechnology.com