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ASX:QUB

4 stories mentioning ASX:QUB

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Asia

Qube Holdings Advances Rubik Australia Deal Ahead of Regulatory Approvals

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.

ASX:QUB
Asia

Qube Says Rubik Australia Received Scheme Approval From Papua New Guinea Independent Consumer, Competition Commission

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.

ASX:QUB
Asia

Qube Holdings Receives ASX Waiver in Connection With Proposed Acquisition by Rubik Australia

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.

ASX:QUB
Asia

Qube Holdings Expects Up to AU$20 Million Impact to Earnings From Middle East Conflict

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.

ASX:QUB