8I Holdings Limited agreed to Spin-Off 8VI 79.6% stake in Holdings Limited (ASX:8VI) on September 1, 2023. 8I will be distributing all of the CDIs held in 8VI to its shareholders. each CHESS Depository Interest represents a beneficial interest in one 8VI Share.

Entitled Shareholders will receive, for each Share held as at the Books Closure Date, 0.0958 Relevant 8VI Shares. The In-Specie Distribution is subject to the Company obtaining the requisite Court and shareholder approvals. Shareholders meeting is scheduled to be held on September 26, 2023.

As of September 26, 2023, shareholders has approved the transaction. Boardroom Pty Limited acted as the registrar to 8I holdings. Transaction is expected to close on October 30, 2023.

The transaction is expected to close on November 8, 2023.