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    FXJ   AU000000FXJ5

FAIRFAX MEDIA LIMITED

(FXJ)
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Fairfax Media : Federal Court of Australia approves merger of Fairfax and Nine

11/27/2018 | 12:16am EST

27 November 2018:
Fairfax Media Limited (ASX:FXJ) ('Fairfax') is pleased to announce that the Federal Court of Australia (Court) today made orders approving the scheme of arrangement between Fairfax and Fairfax shareholders (Scheme) pursuant to sections 411(4)(b) and 411(6) of the Corporations Act 2001 (Cth). The Scheme will result in Nine Entertainment Co. Holdings Limited [ASX:NEC] ('Nine') acquiring 100% of the issued capital in Fairfax.

Fairfax expects to lodge a copy of the order of the Court with the Australian Securities and Investments Commission on Wednesday 28 November 2018, at which time the Scheme will become effective. The Scheme is expected to be implemented on Friday 7 December 2018.

Other key dates for implementing the Scheme are set out in the Scheme Booklet and summarised below:

Event Date
Effective Date Wednesday, 28 November 2018
Suspension of Fairfax shares from trading on ASX Close of trading on Wednesday, 28 November 2018
Commencement of trading of new Nine shares on ASX on a deferred settlement basis Thursday, 29 November 2018
Scheme Record Date
Time and date for determining entitlements to the Scheme consideration
7.00pm (Sydney time) on Friday, 30 November 2018
Implementation Date
Cash consideration to be paid and scrip consideration to be issued
Friday, 7 December 2018
Commencement of trading of new Nine shares on ASX on a normal settlement basis Monday, 10 December 2018

Further information
Fairfax shareholders requiring further information should contact the Shareholder Information Line on 1800 072 766 (callers within Australia) or +61 1800 072 766 (callers outside Australia) on Monday to Friday between 8:30am and 5:30pm (AEDT).


Disclaimer

Fairfax Media Limited published this content on 27 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 November 2018 05:15:06 UTC


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