AVJennings (AVJ AU) : 11th July Vote On AVID's Offer

May 12, 2025

∙ Paid

On the 1st April, Avjennings Ltd (AVJ AU), a widely recognised home builder in Australia/New Zealand, entered into a Scheme Implementation Deed with AVID at A$0.655/share.
A special dividend - included in the Scheme consideration - could add A$0.072/share in franking credits (to those shareholders who can take advantage), or ~11% of the consideration. That's chunky.
The Scheme Booklet is now out, with a Scheme Meeting on the 11th July, and expected payment on or before the 14th August. The IE (Kroll) says "fair & reasonable".

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