Avonmore Capital & Management Services Limited has informed the Exchange about Scheme of Arrangement
AVONMORE · price
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Awaiting price reaction for this filing.
Avonmore Capital has informed the stock exchanges that it is withdrawing its Composite Scheme of Arrangement that was approved by the Board on April 9, 2025. The decision to withdraw comes after the company received comments from the Stock Exchanges on the original filing. The company has stated it will refile the scheme within 90 days from the date of withdrawal. No details about the scheme's structure, parties involved, or rationale for the changes have been disclosed yet.
Short-term uncertainty for shareholders as the original scheme timeline is pushed back, but the 90-day refiling window suggests the restructuring is still on track in a revised form. The stock may see some volatility until the new scheme is filed with clearer terms.