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bullish
Qantm Intellectual Property - Special dividend declared, EGM passes in favour
SUMMARY
- RaaS has published an update report on IP services group QANTM Intellectual Property (ASX:QIP) following the company's EGM which saw more than 98.6% of shareholders vote in favour of the Scheme of Arrangement.
- Directors have declared, subject to the Scheme becoming effective, a fully-franked special dividend of $0.071/share, which will be included in the $1.817/share consideration being paid by Adamantem Capital.
- Next steps are approval of the Scheme at a second court hearing scheduled for today, shares suspension from close of trading on Monday 5 August with the Scheme to be implemented on 19 August, subject to all conditions being met.
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