Apiam Animal Health (ASX:AHX) said the Supreme Court of New South Wales ordered that the company hold a meeting of its shareholders to consider and vote on a scheme of arrangement for the proposed acquisition of all of its shares on issue by Adamantem Capital Management, according to a Friday Australian bourse filing.

The court also made orders approving the distribution of a booklet providing information on the scheme, a notice of the scheme meeting, and the independent expert's report concluding that the scheme is fair and reasonable and in the best interest of the shareholders, the filing said.

The company's board unanimously recommends that shareholders vote in favour of the scheme, in the absence of a superior proposal and subject to the independent expert's backing of his conclusion.

The scheme meeting is scheduled for Feb. 3, 2026.

Shares of the company rose 1% at market close and earlier hit a 52-week high.