Matrix Composites (MCE AU): 6th July Vote On Advanced Innergy's Scheme

Jun 04, 2026

∙ Paid

Back on the 20th April 2026, specialist industry play Matrix Composites & Eng (MCE AU) announced a Scheme with Advanced Innergy Holdings (AIH AU).
AIH offered A$0.40/share, in cash, a 66.7% premium to undisturbed and a seven-year high. Terms have been declared final.
The Scheme Booklet is now out, with a Scheme Meeting on the 6th July, and expected implementation on the 23rd July 2026. The IE (BDO) says “fair & reasonable“.

Matrix is super illiquid - look away now if this is not your bag.

The Trade:

Clean deal.
If small, illiquid arbs are your bag, buy here at A$0.39/share (or better), for a 2.5%/21% gross/annualised spread.

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