Super Group: SG Fleet scheme of arrangement approved

Super Group (JSE:SPG) has announced the approval of the scheme of arrangement concerning SG Fleet Group Limited (“SG Fleet”) by the Supreme Court of New South Wales. The announcement, released on the Australian Stock Exchange (“ASX”), advises that the Court has approved the proposed scheme under which Westmann Bidco Pty Limited, an entity owned and controlled by funds managed or advised by Pacific Equity Partners Pty Limited, will acquire 100% of the shares in SG Fleet. SG Fleet anticipates lodging an office copy of the Court orders with the Australian Securities and Investments Commission (ASIC) on Wednesday, 16 April 2025, which will make the Scheme legally effective and binding. Trading of SG Fleet shares on the ASX is expected to be suspended at the close of trading on the same day. Implementation of the Scheme is anticipated to occur on Wednesday, 30 April 2025.