Queensland Professional Credit Union Ltd (trading as YCU – Your Credit Union (YCU)) and Auswide Bank Ltd (Auswide Bank
(ASX:ABA)), are pleased to announce that the Supreme Court of Queensland has today approved the despatch of the scheme booklet (Scheme Booklet) to be issued by YCU to its members in relation to the proposed merger (Merger Proposal) of YCU and Auswide Bank by way of a scheme of arrangement (Scheme), under which Auswide Bank proposes to acquire all of the member shares in YCU.
The Court has also ordered a meeting of YCU members (Scheme Meeting) be convened to consider and vote on the Scheme.
The Scheme Meeting will be held at 5.00pm (Brisbane time) on Monday 18 April 2016 at City Hall – Kedron Room, 64 Adelaide Street, Brisbane, 4000.
For further information please download PDF attached:
