ASX grants Estia Health AGM extension as shareholder acquisition vote looms

The Australian Stock Exchange (ASX) has granted Estia Health a three-month extension to hold its Annual General Meeting, as a Scheme Meeting for shareholders to vote on Bain Capital’s acquisition bid was due to be held only a fortnight prior. The AGM was scheduled for 30 November 2023, but has been pushed back to 29 February 2024. The Scheme Meeting will be held on 15 November 2023, and will provide shareholders with an opportunity to ask questions about the publicly-listed aged care provider’s latest financial accounts, which were released in August, and will provide shareholders with other “more detailed information” than they would have received for the AGM. The SOURCE: In the likely event that Estia Health will be acquired by Bain Capital, only one publicly listed aged care provider will remain – Regis Healthcare.