A Message to Altium Shareholders

On 15 February 2024, Altium Limited entered into a binding scheme implementation agreement (SIA) with Renesas Electronics Corporation to acquire 100% of the issued shares in Altium Limited for A$68.50 per share in cash for each Altium share held (Scheme).

 Since the announcement in February, Altium has completed all mandatory regulatory filings required under the SIA and we are engaging with the relevant regulatory authorities. The timetable for each filing will differ depending on the regulatory approval requirements.

Altium has commenced preparation of the scheme booklet and associated court documentation.  The independent expert has been engaged. Depending on the timing of the regulatory filings, we expect to submit the scheme booklet to the Australian Securities and Investment Commission (ASIC) for its review in May. 

Altium anticipates that it will despatch the notice of meeting and scheme booklet to shareholders following the ASIC review period and first court hearing. Depending on the timing of the regulatory filings, we anticipate this will take place sometime in June.

The proposed timing noted above is indicative only and subject to change. We will keep shareholders updated and notified of any changes to the proposed timing. 

Altium will establish a dedicated Shareholder Information Telephone Line and online website support for Altium shareholders who have questions about the Scheme over the coming weeks.

Details of the Shareholder Information Line and online support will be published on the Altium website shortly.

Altium shareholders do not need to take any action at this time.