A Message to Altium Shareholders
On 15 February 2024, Altium Limited entered into a binding scheme implementation agreement (SIA) with Renesas Electronics Corporation to acquire 100% of the issued shares in Altium Limited for A$68.50 per share in cash for each Altium share held (Scheme). Since the announcement in February, Altium has completed all mandatory regulatory filings required under the SIA. The implementation of the Scheme remains subject to a number of conditions precedent set out in the Scheme Booklet available at the link below.
The Scheme Booklet, Independent Expert's Report, Notice of Meeting and voting information will be despatched to Shareholders on or around 12 June 2024.
The Scheme Meeting of Altium shareholders is scheduled for 9:00am (AEST) on 12 July 2024. Details of the Notice of Scheme Meeting are set out in Annexure D of the Scheme Booklet.
The Altium Directors unanimously agree that the Scheme Consideration represents attractive and certain value for Altium Shareholders. It is a strong endorsement of the Altium strategy and performance over many years. Your Directors unanimously recommend that you vote in favour of the Scheme 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 Altium Shareholders.
Altium will establish a dedicated Shareholder Information Telephone Line and online website support for Altium shareholders who have questions about the Scheme. This information will be available once the Scheme Booklet and Scheme Meeting documents have been despatched to shareholders.
Thank you for your continued support.
