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Brambles Ltd's demerger of Recall Holdings Ltd approved by Federal Court of Australia

Thursday, 5 Dec 2013 07:09pm EST 

Brambles Ltd:Says that the Federal Court of Australia approved the scheme of arrangement for the demerger of Recall Holdings Ltd.Says scheme was approved by shareholders at the extraordinary general meeting held on Dec. 3.Says it intends to lodge a copy of the orders made by the Federal Court of Australia with the Australian Securities and Investments Commission on Dec. 9, a and the scheme will become effective on that date.Says Recall is expected to commence trading on the ASX Dec. 10 under the ASX code REC, initially on a deferred settlement basis.Says Brambles will trade on an ex-entitlements basis from Dec. 10 2.Says the demerger is expected to be implemented on Dec. 18. 

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