11 stories mentioning ASX:QUBUpdated 21d ago
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Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Friday.EQ Resources (ASX:EQR): 23 million sharesQube Holdings (ASX:QUB): 10.8 million sharesLiontown (ASX:LTR): 8 million sharesSouth32 (ASX:S32): 4.6 million sharesRamelius Resources (ASX:RMS): 4.3 million shares
Qube Holdings (ASX:QUB) said Rubik Australia's acquisition of the company is now legally effective following the lodging of court approval orders with the Australian Securities and Investments Commission, according to a Wednesday filing with the Australian bourse.The company expects its shares to be suspended from the ASX at the close of Wednesday trading, and anticipates the deal's implementation to occur on Aug. 14.Additionally, Qube declared a fully franked special cash dividend of AU$0.3465 per share, payable July 23 to shareholders of record as of July 14.
S&P Dow Jones Indices said Qube Holdings (ASX:QUB) will be removed from the S&P/ASX 200 Index before the market opens on Thursday, subject to final court approval of its acquisition by Rubik Australia, according to a July 3 report.Develop Global (ASX:DVP) will replace Qube in the benchmark index as part of the index rebalancing, effective from the same date.
Qube Holdings (ASX:QUB) said Rubik Australia, which proposed to acquire Qube via a scheme of arrangement, received written notice from the Foreign Investment Review Board (FIRB) that the Australian government has no objection to the scheme, subject to certain conditions, according to a Friday Australian bourse filing.Rubik also received all consents to the scheme from the New Zealand Overseas Investment Office (OIO).The scheme remains subject to court approval at a hearing scheduled for July 7.
Qube Holdings (ASX:QUB) said the Supreme Court of New South Wales will hear its application on July 7 to approve the scheme of arrangement under which Rubik Australia would acquire 100% of the company's shares, according to a Tuesday filing with the Australian bourse.Shareholders may attend and oppose the scheme by filing and serving a notice of appearance, together with any supporting affidavit, at least one day before the hearing, per the filing.The company said that, if the scheme is approved by the court, it is expected to take effect on July 8, with its shares suspended from trading on the Australian Securities Exchange at the close of trading that day, the filing added.
Qube Holdings (ASX:QUB) said the Australian Competition and Consumer Commission (ACCC) confirmed that it will not intervene in the proposed scheme of arrangement under which Rubik Australia will acquire 100% of Qube's shares and that the scheme may be put into effect, according to a Thursday filing with the Australian bourse.The transaction remains subject to outstanding approvals from the Australian Foreign Investment Review Board and New Zealand Overseas Investment Office, which are still in progress, the filing said.The company intends to pay a fully franked special dividend of AU$0.3465 per fully paid ordinary share following implementation of the scheme, the filing added.
Qube Holdings (ASX:QUB) said its shareholders approved a proposed scheme of arrangement under which Rubik Australia will acquire all of the company's issued shares, according to an Australian bourse filing on Tuesday after market hours.The company said that over 98% of shareholders present and voting supported the resolution at the scheme meetings, representing nearly 87% of the votes cast, per the filing.The transaction remains subject to several conditions, including approvals from the Australian Competition and Consumer Commission, the Australian Foreign Investment Review Board, and New Zealand's Overseas Investment Office, the filing said.The company is scheduled to seek final approval from the Supreme Court of New South Wales on July 7, the filing added.
Qube Holdings (ASX:QUB) said it will proceed with shareholder meetings on Tuesday regarding its proposed acquisition by Rubik Australia despite key regulatory approvals from the Australian Competition and Consumer Commission, the Australian Foreign Investment Review Board, and New Zealand's Overseas Investment Office still being outstanding, according to an Australian bourse filing on Monday after market hours.In addition, the company postponed the second court hearing to July 7 from June 18 and revised the timetable to allow more time for the outstanding conditions to be satisfied, per the filing.The board unanimously recommends that shareholders approve the scheme, unless a superior proposal arises and if the independent expert continues to conclude it is in shareholders' best interests, the filing added.The board proposes to declare a fully franked special dividend of AU$0.3465 per share after the scheme becomes effective, the filing said.
Qube (ASX:QUB) said Rubik Australia received approval from the Papua New Guinea Independent Consumer and Competition Commission in relation to the scheme implementation deed under which it has agreed to acquire 100% of the shares in company, according to a Tuesday filing with the Australian bourse.The company secured a majority of the required third-party consents or waivers under the specified contracts, with the pending regulatory approvals for scheme implementation already in progress, the filing said.The board unanimously recommended that shareholders vote in favor of the scheme, provided there is no superior proposal and the independent expert continuing to conclude that the scheme is in the best interest of shareholders, per the filing.
Qube Holdings (ASX:QUB) received a waiver from a listing rule from the ASX in connection with the timetable for the proposed acquisition of all of the outstanding ordinary shares in the firm by Rubik Australia via a scheme of arrangement, according to a Wednesday Australian bourse filing.Qube sought a waiver to adjust the timing for implementation of the scheme to facilitate the payment of a special dividend after the scheme becomes effective, subject to the Qube board deciding to declare and pay a special dividend.The waiver is conditional on the firm providing disclosure for release to the market in the scheme booklet and on the scheme's effective date, to ASX's satisfaction, regarding any consequences for investors trading in the firm's ordinary shares after the scheme's effective date, as well as on the proposed timetable not changing without the advance approval of ASX.
Qube Holdings (ASX:QUB) expects AU$10 million to AU$20 Million impact to its earnings in fiscal 2026 due to the conflict in the Middle East, according to a Monday Australian bourse filing.The impact will be driven by higher fuel costs, lower agri volumes due to higher shipping costs and inability of vessels to reach key markets in the Middle East, as well as lower forestry exports due to higher shipping costs.The largest earnings impact is expected to be in the logistics and infrastructure business unit, with a more limited impact on the ports and bulk business unit.The company continues to expect to deliver underlying earnings growth in fiscal 2026.
