Treasurer approves proposed merger of Adelaide Bank and Bendigo Bank
The merger of Adelaide Bank and Bendigo Bank passed another significant milestone today, with the Federal Treasurer approving the proposed merger of the two companies.
The Treasurer’s approval was required under the Financial Sector (Shareholdings) Actand the Banking Act as a pre-condition to the implementation of the proposed Merger.
The schemes of arrangement to effect the Merger will be voted on by Adelaide Bank’s shareholders on 12 November 2007.
Adelaide Bank would like to remind its Ordinary, Step Up Preference and Reset Preference shareholders, that proxy voting forms relating to Monday’s scheme meetings must be received no later than 12.00 midday on Saturday 10 November.
Completed proxy forms should be faxed to the Adelaide Bank share registry, Computershare Investor Services Pty Limited on 08 8236 2305. Forms may also be hand delivered to the registry at Level 5, 115 Grenfell Street, Adelaide SA, or the registered office of Adelaide Bank at 169 Pirie Street, Adelaide SA. Please note that proxy forms posted in the mail today will not meet the deadline.
Shareholders can also personally attend and vote at the scheme meetings to consider the merger proposal. These meetings are being held from 9.30am on Monday 12 November, at the Adelaide Convention Centre, North Terrace, Adelaide, South Australia.