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Qube Holdings Receives ASX Waiver in Connection With Proposed Acquisition by Rubik Australia

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-- Qube Holdings (ASX:QUB) received a waiver from a listing rule from the ASX in connection with the timetable for the proposed acquisition of all of the outstanding ordinary shares in the firm by Rubik Australia via a scheme of arrangement, according to a Wednesday Australian bourse filing.

Qube sought a waiver to adjust the timing for implementation of the scheme to facilitate the payment of a special dividend after the scheme becomes effective, subject to the Qube board deciding to declare and pay a special dividend.

The waiver is conditional on the firm providing disclosure for release to the market in the scheme booklet and on the scheme's effective date, to ASX's satisfaction, regarding any consequences for investors trading in the firm's ordinary shares after the scheme's effective date, as well as on the proposed timetable not changing without the advance approval of ASX.

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