Peet Scheme Booklet Registered, Vote Set for 7 December

Peet (ASX:PPC) confirmed that its proposed acquisition by Ingenia Communities Group can now go to a shareholder vote, after the Federal Court ordered a Scheme Meeting and ASIC registered the Scheme Booklet.

The Court made orders for Peet to convene the Scheme Meeting and approved despatch of the Scheme Booklet, which will be sent to shareholders on or by Thursday 5 November 2026. The independent expert, Kroll Australia Pty Ltd, has concluded that the Scheme is fair and reasonable and in the best interests of Peet shareholders, in the absence of a superior proposal. The booklet states that, based on the Ingenia 10-Day VWAP of $4.2767 per Ingenia Security, the Scheme Consideration implies a value of $2.12 per Peet Share, and Kroll assesses the value of a Peet Share at $2.05 to $2.26. The Peet Board continues to unanimously recommend that shareholders vote in favour, in the absence of a superior proposal and subject to the independent expert continuing to conclude the Scheme is in their best interests. The Scheme Meeting is scheduled for 9.00am (Perth time) on 7 December 2026, with an indicative Implementation Date of 4 January 2027.

The Scheme still requires approval by Peet shareholders and the Court, among other conditions, and the timetable is indicative. The implied value moves with the Ingenia security price, because the Scheme Consideration combines cash and Ingenia Securities.