Domain Holdings Sets AUD 0.088 Fully Franked Dividend Post-Court Approval
Domain Holdings Australia has updated its announcement to correct the lodgement date of court orders critical to its special dividend tied to the CoStar acquisition scheme.
- Correction of court order lodgement date to 7 August 2025
- Special fully franked dividend of AUD 0.088 per share
- Dividend conditional on Scheme of Arrangement approval
- Record date set for 12 August 2025, payment on 19 August 2025
- Scheme involves acquisition by CoStar Group through subsidiary
Correction Clarifies Timeline for Dividend Approval
Domain Holdings Australia Limited (ASX, DHG) has issued an update to a recent announcement, correcting the date on which court orders related to its Scheme of Arrangement with CoStar Group, Inc. were lodged with the Australian Securities & Investments Commission (ASIC). The corrected date is now confirmed as 7 August 2025, replacing the previously stated 7 July 2025.
Special Dividend Details and Conditions
The update pertains to a special fully franked dividend of AUD 0.088 per share, which is contingent upon the Scheme becoming effective. This Scheme involves CoStar Group acquiring Domain Holdings through its wholly owned subsidiary, Andromeda Australia SubCo Pty Limited. The dividend is fully franked at the 30% corporate tax rate, offering shareholders a tax-efficient return.
The dividend record date is set for 12 August 2025, with the ex-dividend date on 11 August 2025 and payment scheduled for 19 August 2025. Importantly, the dividend payment is conditional on several approvals, shareholder approval at the Scheme Meeting on 4 August 2025, court approval at the Second Court Hearing on 6 August 2025, and the lodgement of court orders with ASIC on the corrected date.
Implications for Shareholders and Market
This correction ensures clarity for investors tracking the timeline of the acquisition and associated dividend. The special dividend reflects the terms agreed upon in the Scheme Implementation Deed announced in May 2025 and detailed in the Scheme Booklet released in June. As the Scheme progresses through its final approval stages, shareholders can anticipate the dividend payment if all conditions are met.
While the update does not alter the dividend amount or other terms, it underscores the importance of precise regulatory compliance and communication in complex corporate transactions. Market participants will be watching closely for the outcomes of the upcoming shareholder and court approvals, which will ultimately determine the Scheme's success and the dividend's distribution.
Bottom Line?
With approvals imminent, Domain Holdings’ corrected timeline sharpens focus on the CoStar acquisition’s final steps and dividend payout.
Questions in the middle?
- Will the Scheme receive all necessary approvals without delay?
- How might any delay in court or shareholder approvals impact the dividend payment?
- What are the broader strategic implications of the CoStar acquisition for Domain Holdings’ future?
