Infomedia scheme meeting approved by court for McQueen BidCo acquisition

The Supreme Court of New South Wales has approved Infomedia's plan to convene a Scheme Meeting on Tuesday, November 18, 2025, at 10:00 am (Sydney time). Shareholders will consider and vote on the proposed acquisition by McQueen BidCo Pty Ltd. The court also sanctioned the distribution of an explanatory statement and notice of the Scheme Meeting (Shareholder Booklet).

The Shareholder Booklet, accessible online, includes an independent expert's report by Grant Thornton Corporate Finance Pty Ltd. The independent expert concluded the Scheme is fair and reasonable, assessing Infomedia's full underlying value to be in the range of $1.57 to $1.79 per share. The proposed Scheme Consideration of $1.72 per Infomedia Share falls within the upper half of this range.

The Infomedia board unanimously recommends shareholders vote in favor of the Scheme, in the absence of a superior proposal and subject to the independent expert maintaining its conclusion. Meetings will be hybrid, held in person at Level 8, 39 Martin Place, Sydney NSW 2000, and virtually via an Online Meeting Platform.