Fairfax Media Separation of Domain approved by the Federal Court of Australia

6 November 2017: 

Fairfax Media Limited [ASX:FXJ] (“Fairfax” or “Company”) is pleased to announce that the Federal Court of Australia today approved the scheme of arrangement (Scheme) for the separation of Domain Holdings Australia Limited (“Domain”) from Fairfax (the Separation). 

The Separation was overwhelmingly approved by shareholders at the Scheme Meeting and Annual General Meeting held on 2 November 2017. 

Fairfax intends to lodge a copy of the orders made by the Federal Court of Australia with the Australian Securities and Investments Commission on 7 November 2017 and the Scheme will be effective on that date. 

Domain is expected to commence trading on ASX on Thursday 16 November 2017 under the ASX code “DHA”, initially on a deferred settlement basis. Fairfax will trade on an ex-entitlement basis from Thursday 16 November 2017. The Separation is expected to be implemented on Wednesday 22 November 2017. 

Other key dates for implementing the Separation are set out in the Scheme Book sent to shareholders and are as follows: 

 Event Date
 Effective Date 7 November 2017
 Last date that Fairfax Media Shares trade on ASX cum-entitlements under the Scheme 15 November 2017
ASX listing of Domain; Domain Shares commence trading on ASX on a deferred settlement basis  16 November 2017
 Time and date for determining entitlements to Domain Shares (the Scheme Record Date) 7:00pm on 17 November 2017
 Implementation Date and issue of Domain Shares to Eligible Shareholders 22 November 2017
 Dispatch of holding statements to Eligible Shareholders 23 November 2017
 Domain Shares commence trading on a normal settlement basis 23 November 2017

For further information, please contact the Fairfax Shareholder Information Line on +61 1300 888 062 between the hours of 8.30am and 5.30pm (Sydney time), Monday to Friday.