VGW Holdings Limited Secures Court Approval for Capital Reduction
Sydney, Australia – August 11, 2025 – VGW Holdings Limited (ASX: VGW) announced today that it has received formal court approval for its proposed capital reduction. The Federal Court of Australia, in its judgment [2025] FCA 929, handed down on August 11, 2025, has sanctioned the reduction of VGW’s share capital, marking a significant milestone in the company’s strategic initiatives.
The capital reduction, which was previously approved by VGW’s shareholders at a general meeting held on July 30, 2025, will involve the cancellation of a portion of the company’s issued share capital. This move is primarily intended to facilitate the efficient return of capital to shareholders, a key objective VGW has been pursuing to enhance shareholder value.
The court’s decision signifies the final regulatory hurdle in implementing the capital reduction. The precise mechanics and timing of the capital return will be communicated to shareholders in due course, adhering to all applicable legal and regulatory requirements. VGW Holdings Limited anticipates that this process will be completed in a timely manner, allowing shareholders to benefit from the intended capital distribution.
This development is a testament to VGW’s commitment to optimizing its capital structure and delivering value to its investors. The company has been actively engaged in reviewing its financial strategy to ensure it is well-positioned for future growth and to reward its supportive shareholder base.
Further details regarding the capital reduction, including the ex-date and payment date for the capital return, will be disseminated through official company announcements. Shareholders are encouraged to monitor these communications for specific information relevant to their holdings.
VGW Holdings Limited, in the matter of VGW Holdings Limited (No 2) [2025] FCA 929
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