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Demerger of The Lottery Corporation from Tabcorp approved by Court

Tabcorp Holdings Limited (Tabcorp) on Friday announced that the Supreme Court of New South Wales on Friday approved the scheme of arrangement (Scheme) for the demerger of The Lottery Corporation Limited (The Lottery Corporation) from Tabcorp (Demerger).

As previously advised, the Demerger was overwhelmingly approved by Tabcorp shareholders at the General Meeting and Scheme Meeting held on 12 May 2022.

Tabcorp intends to lodge a copy of the orders made by the Supreme Court of New South Wales approving the Scheme with the Australian Securities and Investments Commission on Monday, 23 May 2022 and the Scheme will be effective on that date.

The Lottery Corporation securities are expected to commence trading on ASX on Tuesday, 24 May 2022 under the ASX code ‘TLC’, initially on a deferred settlement basis. Tabcorp’s securities will trade on an ex-demerger entitlements basis from Tuesday, 24 May 2022. The Demerger is expected to be implemented on Wednesday, 1 June 2022.

Other key dates for implementing the Demerger are set out in the Demerger Booklet made available to shareholders and are repeated below. Capitalised terms used but not defined have the defined meanings set out in the Demerger Booklet.

Event Indicative Date

Last time and date by which the Sale Facility Form must be
received by Tabcorp Share Registry (for Small Shareholders).
5:00pm (Sydney time) on Monday, 23 May 2022

Effective Date and last day of trading in Tabcorp Shares cumDemerger Entitlement on ASX.
Monday, 23 May 2022

ASX listing of The Lottery Corporation. The Lottery Corporation Shares commence trading on ASX on a deferred settlement basis.

Tabcorp Shares commence trading on ASX on an ex-Demerger Entitlements basis.
Tuesday, 24 May 2022

Record Date for determining entitlements to Demerger Entitlements and The Lottery Corporation Shares.
7:00pm (Sydney time) on Wednesday, 25 May 2022
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