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Amcor Ltd announces demerger scheme effective and board changes

Monday, 16 Dec 2013 06:47pm EST 

Amcor Ltd:Says the scheme of arrangement for the demerger of Orora Limited that was approved by shareholders at the Scheme Meeting on Dec. 09 has now become Effective.Says on Dec. 17 it lodged the orders of the Federal Court of Australia with the Australian Securities and Investments Commission.Says Orora is expected to commence trading on ASX on Dec. 18, under the ASX code ORA, initially on a deferred settlement basis.Says demerger is expected to be implemented on Dec. 31.Says with effect from Dec. 17, Chris Roberts has retired from his role as Chairman of Amcor and will take up the position of Chairman of Orora.Says Graeme Liebelt takes over as the new chairman of Amcor on Dec. 17 and Ken MacKenzie will remain as managing director and CEO. 

Company Quote

0.32 +0.75%
1:34pm EST