Nearmap Ltd (ASX:NEA) (‘Nearmap’ or‘Company’) advises that the Federal Court of Australia (‘Court’) has today made orders approving the scheme of arrangement under which Atlas AU BidCo Pty Ltd (‘Thoma Bravo BidCo’), a wholly-owned subsidiary of a fund advised by Thoma Bravo L.P. (‘Thoma Bravo’)will acquire 100% of the shares in Nearmap (‘Scheme’).
Lodgement of Court Orders and Suspension of Trading
Pursuant to section 411(10) of the Corporations Act 2001 (Cth), the Scheme will become legally effective upon lodgement of the Court orders with the Australian Securities and Investments Commission (‘ASIC’).
It is expected that a copy of the Court’s orders will be lodged with ASIC tomorrow, at which time the Scheme will become legally effective. If this occurs, Nearmap’s shares will be suspended from trading on the ASX at the close of trade tomorrow, 6 December 2022.
Important Dates and Times
The key dates expected for the Scheme are set out below:
| EVENT | EXPECTED DATE |
| Effective Date of the Scheme and last date of trading of Nearmap shares on ASX | 6 December 2022 |
| Record date for Scheme | 7.00pm (Sydney time) on 8 December 2022 |
| Implementation Date for the Scheme and payment of Scheme Consideration | 15 December 2022 |
Note: Any changes to the above timetable will be announced to ASX and will be available under Nearmap’s profile on ASX at www.asx.com.au. Nearmap will update Nearmap shareholders as to any material developments in relation to the Scheme as the timetable progresses.
About Nearmap | nearmap.com
Nearmap (ASX: NEA) provides easy, instant access to high resolution aerial imagery, city-scale 3D content, AI data sets, and geospatial tools. Using its own patented camera systems and processing software, Nearmap captures wide-scale urban areas in Australia, New Zealand, the United States and Canada several times each year, making current content instantly available in the cloud via web app or API integration. Every day, Nearmap helps thousands of users conduct virtual site visits for deep, data driven insights—enabling informed decisions, streamlined operations and better financial performance. Nearmap was founded in Australia in 2007 and is one of the largest aerial survey companies in the world.
About Thoma Bravo | thomabravo.com
Thoma Bravo is one of the largest private equity firms in the world, with more than US$114 billion in assets under management as of March 31, 2022. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging the firm's deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Over the past 20 years, the firm has acquired or invested in more than 380 companies representing over US$190 billion in enterprise value. The firm has offices in Chicago, Miami and San Francisco.
Read the release on the ASX website here.
