Trade Me confirms that 100% of the shares in Trade Me Group Limited were acquired by Titan AcquisitionCo New Zealand Limited this morning.
Trade Me's share registry Link Market Services has confirmed that payment (at NZ$6.45 per share) is being despatched to shareholders today.
The exchange rate applying to payments in Australian currency is NZD1.00 to AUD0.9396
Titan’s acquisition of Trade Me was made under the Scheme of Arrangement approved by Trade Me’s shareholders on 3 April 2019 and by the High Court of New Zealand on 16 April 2019.
Trade Me Group Limited will cease to be listed on NZX and ASX today.