Johns Lyng shareholders approve acquisition by Pacific Equity Partners

Johns Lyng Group Limited (JLG) shareholders have approved a scheme of arrangement under which Sherwood BidCo Pty Ltd, an entity owned by Pacific Equity Partners, will acquire 100% of JLG's issued shares. At the General Scheme Meeting, 81.49% of shareholders present voted in favour, representing 99.10% of votes cast. The Relevant Shareholder Scheme Meeting saw unanimous approval, with 100% of shareholders present and votes cast in favour.

The scheme remains subject to approval by the Supreme Court of New South Wales, with the Second Court Hearing scheduled for Monday, 13 October 2025. Following court approval, a lodging with ASIC and suspension of trading on ASX for JLG shares are anticipated on Tuesday, 14 October 2025. The implementation date for the scheme is set for Thursday, 23 October 2025.

Concurrently, JLG issued 1,898,229 ordinary fully paid shares on 8 October 2025, arising from the accelerated vesting of Performance Rights under the company's Incentive Plan. These shares were issued for no cash consideration to employees, including key management personnel Scott Didier (206,438 shares), Matthew Lunn (534,993 shares), and Nick Carnell (219,731 shares).