The Federal Court of Australia made orders today approving the proposed scheme of arrangement, under which Sigma will acquire 100% of the issued shares in CW Group Holdings Limited (Chemist Warehouse).

Sigma said in an ASX announcement that it expects Chemist Warehouse to lodge an office copy of the Court orders with ASIC on Tue 04 Feb, at which time the Scheme will become legally effective and binding on Chemist Warehouse shareholders.

Implementation of the Scheme is expected to occur on Wed 12 Feb and Chemist Warehouse shareholders will be provided with the Scheme Consideration on that date in respect of all Chemist Warehouse shares held on the Scheme Record Date, which is Thu 06 Feb.

“New Sigma shares issued under the scheme are expected to commence trading on a normal settlement basis on 13 February 2025,” Sigma said.

More details in today's issue of Pharmacy Daily.