Johns Lyng Group Says Shareholders Approve Resolution for Proposed Acquisition by Sherwood BidCo

MT Newswires Live

2025/10/08

Johns Lyng Group (ASX:JLG) shareholders approved a resolution for the company's proposed acquisition by Sherwood BidCo via a scheme of arrangement, according to a Wednesday filing with the Australian bourse.

Sherwood BidCo is an entity owned and controlled by funds managed by Pacific Equity Partners.

Nearly 99% of the votes cast by eligible shareholders in the meeting were in favor of the acquisition, per the filing.

The company will seek orders from the Supreme Court of New South Wales for the approval of the scheme at the hearing currently scheduled for Oct. 13, the filing added.

Upon approval, the company intends to submit a copy of the Court's orders to the Australian Securities and Investments Commission on Oct. 14, the company said.

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