Midway (ASX:MWY) said that its shareholders will vote on a proposed acquisition by RCM BidCo, managed by River Capital, at a Scheme meeting on Jan. 30, according to a Thursday filing with the Australian bourse.

The acquisition would see RCM BidCo acquire 100% of Midway's fully paid ordinary shares through a scheme of arrangement, the filing said.

If shareholders approve the scheme, the proposal will proceed to the second court hearing in the Federal Court of Australia on Feb. 4, for final approval, the filing added.

Shareholders may oppose the approval of the scheme at the hearing by filing a notice of appearance and affidavit with Midway's legal representatives, at least one day before the hearing.

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