Johns Lyng Group (ASX:JLG) said the Supreme Court of New South Wales ordered that a meeting of its shareholders be held to decide on the company's proposed acquisition by Sherwood BidCo, an entity controlled by Pacific Equity Partners, for AU$4 per share via a scheme of arrangement, according to a Tuesday filing with the Australian bourse.

The scheme meeting is scheduled for Oct.8, the filing said.

The company's board recommends shareholders vote in favor of the scheme, subject to the absence of a superior proposal and an independent expert's conclusion that it is in the best interests of shareholders, the filing added.