ESR shareholders approve privatisation with 99.97% vote

The company is expected to delist from HKSE on 3 July.

ESR Group Limited has moved a step closer to being taken private after shareholders voted overwhelmingly in favour of the proposed privatisation by MEGA BidCo during an extraordinary general meeting (EGM) held on Friday.

Shareholders approved the privatisation with 99.97% voting in favour of the scheme of arrangement under Section 86 of the Companies Act.

The scheme of arrangement was approved by the requisite majority of scheme shareholders. A special resolution to reduce ESR’s share capital by cancelling the scheme shares and issuing an equal number of new shares to MEGA BidCo was also passed. In addition, an ordinary resolution to adopt the Equity Incentive Scheme (EIS) following the scheme’s effectiveness was approved.

The register of members will close on Thursday, 19 June 2025. No share transfers will be allowed from that date.

If the scheme is approved, the company’s shares will be delisted from the Hong Kong Stock Exchange (HKSE) on 3 July 2025.