AVJennings Lowers Scheme Consideration to $0.488 After $0.167 Dividend
AVJennings Limited has completed payment of a fully franked special dividend, reducing the Scheme Consideration per share ahead of the upcoming Scheme implementation.
- Special dividend of $0.167 per share fully franked and paid
- Scheme Consideration reduced to $0.488 per AVJennings share
- Scheme Record Date set for 7, 00pm AEST, 11 August 2025
- Scheme Consideration payment expected on 14 August 2025
- Dividend payment aligns with terms outlined in prior Scheme Booklet
Special Dividend Payment Completed
AVJennings Limited (ASX, AVJ) has confirmed the payment of a fully franked special dividend of 16.7 cents per share, as previously announced on 21 July 2025. This dividend payment marks a key step in the company’s ongoing Scheme of Arrangement process, providing shareholders with immediate value ahead of the Scheme’s implementation.
Impact on Scheme Consideration
The payment of this special dividend directly reduces the Scheme Consideration payable to shareholders upon the Scheme’s implementation. The adjusted consideration now stands at 48.8 cents per AVJennings share, down from the original amount before the dividend. This adjustment ensures that the total value returned to shareholders remains consistent with the terms set out in the Scheme Booklet released earlier in May.
Key Dates for Shareholders
Shareholders should note the Scheme Record Date is scheduled for 7, 00pm (AEST) on Monday, 11 August 2025. This date determines eligibility for the Scheme Consideration payment, which is expected to be distributed on Thursday, 14 August 2025. These dates are critical for investors tracking the timeline and planning their positions accordingly.
Context and Forward Outlook
This dividend payment and adjustment to Scheme Consideration reflect AVJennings’ commitment to transparent and orderly execution of its corporate actions. While no new operational updates were provided, the move signals progress toward the Scheme’s completion. Investors will be watching closely for any further announcements that clarify the company’s strategic direction post-Scheme.
Bottom Line?
AVJennings’ special dividend payment sets the stage for the final Scheme payout, keeping shareholders focused on the imminent transaction completion.
Questions in the middle?
- Will the Scheme implementation proceed smoothly on 14 August without delays?
- How will the adjusted Scheme Consideration affect shareholder sentiment and trading activity?
- What are AVJennings’ strategic plans following the Scheme completion?
