Scheme Implementation Completed
Sydney, May 8, 2019 AEST (ABN Newswire) - MYOB Group Limited (ASX:MYO) (MYOB or Company) is pleased to announce that the scheme of arrangement between MYOB and its shareholders (Scheme) pursuant to which an affiliate of Kohlberg Kravis Roberts & Co L.P., ETA Australia Holdings III Pty Ltd (KKR), will acquire all of the shares in MYOB that it does not already own, has today been implemented.
The Scheme Consideration, being $3.40 cash per share for each MYOB share held at the Scheme Record Date (7.00pm on 2 May 2019) (Scheme Shares), has been paid to holders of Scheme Shares (Scheme Shareholders) as consideration for the transfer of their Scheme Shares to KKR under the Scheme.
Scheme Shareholders will shortly receive their Scheme Consideration and holding statements evidencing their entitlement under the Scheme.
Scheme Shareholders with any questions in relation to the payment of their Scheme Consideration should contact the MYOB shareholder Information Line on +61 1800 883 072.
MYOB has requested to be removed from the official list of ASX with effect from close of trading on Thursday 9 May 2019.
About Myob Group Ltd
MYOB Group Ltd (ASX:MYO) is a leading provider of online business management solutions. It makes business life easier for approximately 1.2 million businesses and accountants across Australia and New Zealand by simplifying accounting, payroll, tax, practice management, CRM, job costing, inventory and more. MYOB operates across three core segments – Clients and Partners (business solutions to SMEs and Advisers); Enterprise Solutions (larger businesses) and Payment Solutions. It provides ongoing support through client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly through its Connected Practice Strategy and through the development of the MYOB Platform. For more information, follow @MYOB on Twitter or visit https://investors.myob.com.au/Investors
Myob Group Ltd