Insignia Financial (IFL AU): 13th April Vote On CC Capital's A$4.80/Share Offer

Mar 02, 2026

∙ Paid

Back on the 22nd July, Insignia Financial (IFL AU), a wealth manager and previously known as IOOF, entered into a Scheme with CC Capital at A$4.80/share.
That’s 56.9% premium to undisturbed (11th December 2024), 20% above Bain’s initial indicative tilt, but 4% below CC Capital (% Bain’s) A$5.00/share indictive Offer on the 7th March 2025.
The Scheme Booklet is now out, with a Scheme Meeting on the13th April, and expected implementation on the 28th April 2026. The IE (Kroll) says “fair & reasonable“.

The Trade:

This looks done.
Assuming FIRB has no issue.
Trading at a gross/annualised spread of 2.8%/18.5%.
Key-Aussie-listed peer AMP Ltd (AMP AU) is down 18% since Bain first approached Insignia back in December 2024.

This insight is labelled bullish as I’m not bearish here.

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