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 Australian Securities and Investments Commission has registered the scheme booklet (Scheme Booklet) to be issued by YCU to its members in relation to the proposed merger of YCU and Auswide Bank by way of a scheme of arrangement, under which Auswide Bank proposes to acquire all of the member shares in YCU.
A copy of the Scheme Booklet to be issued by YCU, which includes the explanatory statement, demutualisation disclosure statement, notices of scheme and demutualisation meetings and an Independent Expert’s Report is attached to this announcement. Copies of the Scheme Booklet are now in the process of being printed and will be despatched by YCU to its members on or about Friday 18 March 2016.
For further information please download PDF attached: