Folkestone Education Trust Federal Court approves Scheme of Arrangement
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Folkestone Limited ("Folkestone") is pleased to announce that the Federal Court of Australia ("Court") has today made orders approving the proposed scheme of arrangement under which Charter Hall Limited will acquire 100 per cent of the ordinary shares in Folkestone ("Scheme").
Folkestone expects to lodge a copy of the Court's orders with the Australian Securities and Investments Commission on 23 October 2018, at which point the Scheme will become legally effective. If this occurs, Folkestone will apply for its shares to be suspended from trading with effect from close of trading on 23 October 2018.
Folkestone shareholders who have questions in relation to the Scheme should contact the Folkestone Shareholder Information Line on 1300 032 756 (within Australia) or +61 2 8023 5418 outside of Australia between 9:00am and 5:00pm (Sydney time) on business days.
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