Myob Group Ltd

MYOB Group Limited (ASX:MYO) is pleased to announce that the scheme of arrangement between MYOB and its shareholders pursuant to which an affiliate of Kohlberg Kravis Roberts & Co L.P., ETA Australia Holdings III Pty Ltd, will acquire all of the shares in MYOB that it does not already own, has today been implemented.

Myob Group Ltd (ASX:MYO) is pleased to announce that the Federal Court of Australia (Court) has today made orders approving the proposed scheme of arrangement (Scheme) between MYOB and its shareholders.

MYOB Group Limited (ASX:MYO) is pleased to announce that at a meeting held in Sydney earlier today, the scheme of arrangement (Scheme) pursuant to which MYOB will be acquired by an affiliate of Kohlberg Kravis Roberts & Co. L.P. was approved by the requisite majorities of MYOB shareholders.

In accordance with ASX Listing Rule 3.13.3, attached to this announcement is a copy of the address to be given by the Chairman of MYOB Group Limited (ASX:MYO), Mr Justin Milne, to the attendees of the Scheme Meeting

MYOB Group Limited (ASX:MYO) notes the receipt by the Company this afternoon of a letter from Manikay Partners in relation to the proposed scheme of arrangement.

MYOB Group Limited (ASX:MYO) refers to the proposed scheme of arrangement as detailed in the scheme booklet dated 13 March 2019 under which Kohlberg Kravis Roberts & Co. L.P. will acquire, for $3.40 per share all cash consideration, all of the shares in MYOB it does not already own1 by way of scheme of arrangement.

The Directors present their report on the consolidated entity consisting of MYOB Group Limited (ASX:MYO) and the entities it controlled at the end of, or during, the financial period ended 31 December 2018.

MYOB Group Limited (ASX:MYO) notes the receipt by the Company of a letter from ETA Australia Holdings III Pty Ltd (an affiliate of Kohlberg Kravis Roberts & Co. L.P.) after market close on 19 March 2019 in relation to the proposed scheme of arrangement.

MYOB Group Limited (ASX:MYO) is pleased to announce that the Federal Court of Australia has approved the convening of a meeting of MYOB Shareholders to vote on the Scheme for the proposed acquisition by KKR of all the remaining shares in MYOB that it does not currently own.

MYOB Group Limited (ASX:MYO) notes the recent change in the substantial shareholding notice filed by Manikay Partners LLC and its affiliates on 4 March 2019 increasing their holding to 9.99%, and the receipt by the Company of a letter from Manikay, attached as an appendix.