ESR Group Ltd. is undergoing a process to privatize the company through a scheme of arrangement, which will result in the company's delisting from the stock exchange. The delisting process is part of a broader strategy to restructure the company, including a special deal related to the Employee Incentive Scheme $(EIS)$. The EIS is expected to depend on the performance of EquityCo and will involve different tranches with specific criteria. The structure of the EIS is still being discussed, and the scheme will not be conditional on the approval of the EIS. Existing senior management may participate in the EIS, depending on future liquidity events. The latest update does not specify an exact date for the delisting, but it remains contingent on the scheme becoming effective.