SAI Global Limited (SAI) is pleased to announce that the Foreign Investment Review Board (FIRB) has provided written notice that the Treasurer has no objections under the Foreign Acquisitions and Takeovers Act 1975 (Cth) to the proposed acquisition of all of the shares in SAI by Casmar (Australia) Pty Limited (ACN 615 021 479), a wholly-owned subsidiary of the Baring Asia Private Equity Fund VI (Baring Asia), by way of a scheme of arrangement (the Scheme).
Receipt of FIRB approval in respect of the Scheme was one of the key conditions to implementation of the Scheme.
SAI shareholders will vote on the Scheme at the Scheme Meeting, which will be held at 10:00am (Sydney time) on Monday, 5 December 2016 at SMC Conference & Function Centre (Ionic Room), 66 Goulburn Street, Sydney.
Information relating to the Scheme, including the Notice convening the Scheme Meeting and the Independent Expert's Report, is included in the Scheme Booklet that was sent to SAI shareholders on Friday, 4 November 2016.
See the original ASX Announcement here.