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Altrad Australia to acquire Valmec Limited

July 2021

Valmec Limited (Valmec) (ASX: VMX) and Altrad Australia Pty Ltd (Altrad) are pleased to announce that they have entered into a binding Scheme Implementation Deed (SID) for the cash acquisition by Altrad for Valmec, by way of a Scheme of Arrangement (Scheme).

If the Scheme is implemented, shareholders of Valmec will receive a total cash consideration of A$0.413 per share (Scheme Consideration). It is expected that the Scheme will be voted on at a Valmec Shareholders Meeting in mid-October 2021, with implementation of the Scheme expected in late October 2021.

Shareholders are advised that no action is necessary with regards to the Scheme at this time. A copy of the SID, which includes the full details of the terms and conditions to the Scheme, is attached to this announcement.

Altrad (a global leader in industrial maintenance services, delivering high value-add services to clients in multiple sectors), has identified Valmec as a significant value-adding opportunity for Altrad’s client base and service offering. Importantly, Altrad has the scale, strength, and global experience to invest in and significantly grow the Valmec business.

Please read the official ASX announcement here:


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