SCHEME OF AGREEMENT
On 27 March 2025, The Reject Shop announced that it had entered into a binding Scheme Implementation Agreement with Dollarama Inc. (TSX: DOL) (Dollarama) under which Dollarama will acquire all of the issued and outstanding shares in The Reject Shop by way of a scheme of arrangement (Scheme) at a price of A$6.68 cash per share (Scheme Consideration). If the Scheme becomes effective, The Reject Shop Board intends to determine a fully franked special dividend of up to A$0.77 per share payable prior to implementation of the Scheme.
A copy of the announcement and the Scheme Implementation Agreement can be located here.
The first court hearing of the application made to the Court for orders under section 411(1) of the Corporations Act 2001 (Cth) that the Scheme Meeting be convened is expected to be held at 10.15am (AEST) on Friday, 16 May 2025 at the Federal Court of Australia, Harry Gibbs Commonwealth Law Courts Building, Level 6, 119 North Quay, Brisbane QLD 4000.
