Macmahon Holdings Limited (ASX:MAH) ('Macmahon' or 'the Company') refers to its announcement released on 16 April 2024 (Scheme Announcement) in which Macmahon announced the execution of a Scheme Implementation Deed with Decmil Group Limited (ASX:DCG) ('Decmil').

Under the Scheme Implementation Deed, Macmahon has agreed, subject to the satisfaction of various conditions, to acquire 100% of the issued ordinary shares and redeemable convertible preference shares in Decmil (Schemes)

Scheme of Arrangement Update Today, the Supreme Court of Western Australia made orders: Directing Decmil to convene a meeting of Decmil shareholders to consider and vote on the Schemes (Scheme Meeting) and Approving the dispatch of an explanatory statement providing information about the Schemes to Decmil shareholders, together with the notice of the Scheme Meeting (together, the Scheme Booklet). The Scheme Booklet, including the Independent Expert's Report, is expected to be sent to Decmil shareholders on or around 2 July 2024, following registration of the Scheme Booklet by the Australian Securities and Investments Commission. Decmil shareholders are scheduled to vote on the Schemes on Wednesday, 31 July 2024. Macmahon shareholders do not need to take any action in relation to the Schemes.

Contact:

Donald James

Tel: +61 8 9232 1705

About Macmahon

Macmahon is an ASX listed company offering the complete package of mining services to miners throughout Australia and Southeast Asia. Macmahon's extensive experience in both surface and underground mining has established the Company as the contractor of choice for resources projects across a range of locations and commodity sectors. Macmahon is focused on developing strong relationships with its clients whereby both parties work in an open, flexible and transparent way to ensure mutually beneficial outcomes whilst also minimising risks for both parties.

(C) 2024 Electronic News Publishing, source ENP Newswire