Donaco Set to Delist from ASX after Court Gives Approval : pmp

By Arijit Roul - 12 Aug, 2025 More about the author

The court’s decision completes the acquisition steps and leads to trading being stopped.

Key Points

The Supreme Court of New South Wales has accepted Donaco’s scheme of arrangement, so On Nut Road Limited can buy the rest of the shares.
Donaco will soon not be on the ASX due to trading being paused at the end of business on 8 August.

The Supreme Court of New South Wales gave the go-ahead for the scheme of arrangement, which allows ONR to buy every share in Donaco that is not owned by ONR at this time. As set out in the Corporations Act 2001, the scheme becomes effective when the court’s directions are sent to the Australian Securities and Investments Commission (ASIC). Donaco plans to finish sending these court orders on 8 August 2025. After sending the papers, Donaco shares will stop trading on ASX after the market closes on 8 August 2025. This means Donaco shares are not going to stay on the official ASX list.

Shareholder Payments and Completion Timeline

It is important to know: Anyone listed on 12 August as a shareholder will get their money on 19 August. The scheme’s record date is set at 5.00 pm (AEST) on 12 August 2025. At this time, shareholder rights for the scheme will be checked. Any shareholder recorded on this date can receive payment from the scheme. The company will complete the scheme on 19 August 2025. On this day, the eligible shareholders will get their payment according to the conditions of the scheme.

If there is any change to the timeline, Donaco will share new information on ASX and its own site. To understand more, shareholders voted while challenges in operation and finances continued, mainly at the Cambodian location next to the Thai border. 98.1% of shareholders who voted at the meeting on 1 August agreed with the scheme.