First court hearing
Scheme Booklet and Independent Expert's Report
Origin confirms that the Scheme Booklet has now been registered with the
The Scheme Booklet provides Origin shareholders with important information about the Scheme. Origin shareholders are advised to carefully read the Scheme Booklet in its entirety, including the Independent Expert's Report, before deciding how to vote on the Scheme.
Further details will be sent to Origin shareholders shortly as follows: Origin shareholders who have previously elected to receive communications electronically will receive an email to their nominated email address that will contain instructions about how to view or download a copy of the Scheme Booklet and submit a proxy vote online.
Origin shareholders who have elected to receive a full copy of communications will receive (by post to their registered address) a printed copy of the Scheme Booklet and a personalised proxy form.
Origin shareholders who have not made such an election will receive a letter (sent by post to their registered address) enclosing a personalised proxy form and containing details of where they can view and download a copy of the Scheme Booklet.
Origin shareholders who wish to receive a printed copy of the Scheme Booklet may request one by calling the Origin Shareholder Information Line on 1300 540 303 (within
Independent Expert's Report
The Independent Expert's Report contained in the Scheme Booklet was prepared by
The Independent Expert's conclusion should be read in the context of the full Independent Expert's Report and the Scheme Booklet.
Recommendation of the Origin Board
The Origin Board unanimously recommends that shareholders vote in favour of the Scheme at the Scheme Meeting, in the absence of a superior proposal and subject to the Independent Expert continuing to conclude that the Scheme is in the best interests of Origin shareholders. Subject to the same qualification, each member of the Origin Board intends to vote, or cause to be voted, any Origin shares held or controlled by them, in favour of the Scheme.
Scheme consideration and special dividend
The total cash payment to shareholders under the Scheme is approximately
The total cash payment of approximately
The Origin Directors will determine, in their absolute discretion, whether or not to pay any special dividend. If a special dividend is paid, it will be deducted from the AUD scheme consideration. As such, regardless of whether the special dividend is paid, Origin shareholders will still receive the same total cash payment of approximately
For those Origin shareholders who can realise the benefit of franking credits, the franking credit attached to a special dividend of
Scheme Meeting
The Scheme Meeting will be held at
Origin shareholders who are unable to attend in person can view the Scheme Meeting via live webcast at www.originenergy.com.au/scheme2023. Origin shareholders who participate in the Scheme Meeting via the online platform will not be able to vote at the meeting, ask questions or make comments.
All registered Origin shareholders as at
All times and dates in the above timetable are references to the time and date in
Contact:
Tel: +61 2 9066 4083
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