ASX Release
25 September 2015
T (08) 9216 2100
F (08) 9216 2186 www.programmed.com.au
Programmed Maintenance Services Ltd
ACN 054 742 264
Programmed welcomes SKILLED shareholder approval
Programmed (ASX:PRG) today welcomed the decision of SKILLED Group Limited (SKILLED) shareholders to vote in favour of the proposal for Programmed to acquire all SKILLED shares by way of a scheme of arrangement (Scheme).
Programmed's chairman, Bruce Brook, said: 'We are delighted that SKILLED shareholders have recognised the rationale for combining our two businesses. Together, we will be a stronger, more efficient and more competitive provider of staffing, maintenance and facility management services, diversified across all sectors of the economy.
'Combining the businesses will enable us to unlock substantial value for both Programmed and SKILLED
shareholders, and we will be better positioned to take advantage of growth opportunities.
'Subject to court approval, we look forward to welcoming SKILLED shareholders next month as shareholders in Programmed.'
The Scheme remains subject to the approval of the Supreme Court of Victoria at the second court hearing scheduled to be held on Thursday, 1 October 2015. The Scheme is expected to be implemented on Friday, 16 October 2015.
Chris Sutherland Managing Director Telephone: +61 8 9216 2123
Media Enquiries
Anthony Tregoning
Financial & Corporate Relations
Telephone: +61 411 852 448
Telephone: +61 2 8264 1000
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