Statement to Members
As previously announced, the Second Court Hearing, where we will seek final Court approval of the Scheme of Arrangement, was scheduled for 10 June 2019.
The hearing had earlier been booked in for 10 May but had to be put back because the Federal Government had gone into caretaker mode during the Federal election campaign, so was not in a position to give approval until the new government was formed.
In the lead up to 10 June 2019, the Federal Treasurer had still not given approval, so the Second Court Hearing has been put back again, to allow the Federal Treasurer to make a decision on approval.
The Second Court Hearing is now scheduled for 10:00AM on 8 July 2019.
I would like to thank MCU members for your patience and sustained support of the proposed transaction and look forward to unlocking its substantial benefits for yourselves and for the broader community.