Scheme of Arrangement, Supplementary Disclosure
Scheme of Arrangement, Supplementary Disclosure
Sydney, April 1, 2019 AEST (ABN Newswire) - MYOB Group Limited (ASX:MYO) (MYOB or Company) refers to the proposed scheme of arrangement as detailed in the scheme booklet dated 13 March 2019 (Scheme Booklet) under which Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, KKR) will acquire, for $3.40 per share all cash consideration, all of the shares in MYOB it does not already own1 by way of scheme of arrangement (Scheme).

Despatch of supplementary letter to MYOB shareholders

The Federal Court of Australia has approved the despatch of the attached letter to MYOB shareholders regarding KKR's letter to MYOB as disclosed to the market on 20 March 2019.

Please ensure that you read the Scheme Booklet in full

By now you will have received a printed copy or an email containing a link to an electronic copy of the Scheme Booklet (including an independent expert's report prepared by Grant Samuel & Associates Pty Limited).

The Scheme Booklet is also available at http://investors.myob.com.au/Investors

It is important for MYOB shareholders to read the Scheme Booklet in full as it contains important information in relation to the Scheme and will assist shareholders in making an informed decision on how to deal with their MYOB shares, including as to whether or not to vote in favour of the Scheme. If shareholders are in any doubt as to how to deal with the Scheme Booklet, they should consult their financial, legal or other professional adviser.

Indicative timetable

Event: Deadline for receipt of proxy votes
Expected date: 3:00pm (AEST) on 15 April 2019

Event: Scheme Meeting to vote on the Scheme
Expected date: 3:00pm (AEST) on 17 April 2019

Event: Second court date for approval of the Scheme
Expected date: 1:45pm (AEST) on 24 April 2019

Event: Effective Date of the Scheme
Expected date: 24 April 2019

Event: Scheme Record Date
Expected date: 7:00pm (AEST) on 2 May 2019

Event: Implementation Date
Expected date: 8 May 2019

Shareholder Information Line and Scheme website

If you have any queries with respect to the Scheme Booklet, voting or the Scheme in general, please call the Shareholder Information Line on: +61 1800 883 072, or visit the Scheme website at http://investors.myob.com.au/Investors

To view the release, please visit:
http://abnnewswire.net/lnk/TXIGG7CH


About Myob Group Ltd

MYOB Group Ltd (ASX:MYO) is a leading provider of online business management solutions. It makes business life easier for approximately 1.2 million businesses and accountants across Australia and New Zealand by simplifying accounting, payroll, tax, practice management, CRM, job costing, inventory and more. MYOB operates across three core segments – Clients and Partners (business solutions to SMEs and Advisers); Enterprise Solutions (larger businesses) and Payment Solutions. It provides ongoing support through client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly through its Connected Practice Strategy and through the development of the MYOB Platform. For more information, follow @MYOB on Twitter or visit http://investors.myob.com.au/Investors

      


Contact

Investor and Analyst Enquiries
Christina Nallaiah
Head of Investor Relations
T: +61-2-9089-9122
M: +61-468-362-553
E: christina.nallaiah@myob.com

Media Enquiries
Clive Mathieson
Managing Director, Cato & Clegg
M: +61-411-888-425
E: clive@catoandclegg.com



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