Proposed Merger of Xenith IP and QANTM IP


A Scheme meeting will be held on 3 April 2019 for Xenith shareholders to vote on a proposed merger of equals between Xenith IP Group Limited (ASX:XIP) and QANTM Intellectual Property Limited (ASX:QIP).

A Scheme booklet outlining the details of the proposed merger was lodged with the Australian Securities Exchange on 20 February 2019. A copy of the Booklet can be downloaded here .

Shareholders are encouraged to read the booklet and to vote. 

The Board of Xenith IP Group Limited has unanimously recommended that, in the absence of a Superior Proposal, Xenith shareholders vote in favour of the Scheme. The Directors intend to vote in favour of the Scheme, in the absence of a Superior Proposal.

An independent expert’s report from Lonergan Edwards & Associates Limited has concluded that the Scheme is in the best interests of Xenith shareholders, in the absence of a Superior Proposal; and that the Merger terms are fair and reasonable to Xenith shareholders.

Further details relating to this proposed merger are available below.

 

Document Date Link
Media Release - ACCC will not oppose QANTM-Xenith merger 21 March 2019 Opens in a new window
ASX Announcement - Xenith Board responds to IPH's unsolicited proposal 19 March 2019 Opens in a new window
ASX Announcement - XIP receives proposal from IPH 12 March 2019 Opens in a new window
ASX Announcement - IPH submits proposal to acquire IPH 12 March 2019 Opens in a new window
ASX Announcement - Sibylle Krieger video script 4 March 2019 Opens in a new window
ASX Announcement - Scheme Booklet 20 February 2019 Opens in a new window
ASX Announcement - Proposed merger of XIP and QIP 27 November 2018 Opens in a new windowOpens in new window
Investor Presentation - Proposed merger of XIP and QIP 27 November 2018 Opens in a new windowOpens in new window


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