Investor Centre

KKR Scheme of Arrangement

On 23 December 2018, MYOB entered into the Scheme Implementation Agreement with KKR BidCo (among others), under which it is proposed that KKR BidCo will acquire all of the MYOB Shares on issue that it and its Associates do not already own1 by way of a Scheme of Arrangement (Scheme).

The MYOB Directors have considered the advantages and disadvantages of the Scheme, and unanimously recommend that shareholders vote in favour of the Scheme in the absence of a Superior Proposal, and subject to the Independent Expert continuing to conclude that the Scheme is in the best interests of MYOB Shareholders. Subject to those same qualifications, each of the MYOB Directors intends to vote all the MYOB Shares held or controlled by them in favour of the Scheme.

If the Scheme is approved by MYOB Shareholders, other than the Excluded Shareholders, at the Scheme Meeting and by the Court, and if all other Conditions Precedent for the Scheme are satisfied or waived (as applicable), MYOB will become a wholly owned subsidiary of KKR BidCo on or around the Implementation Date2 and will be delisted from the ASX on the day immediately following the Implementation Date.

If you have any questions regarding the Scheme or the Scheme Booklet you should contact the MYOB Shareholder Information Line on +61 1800 883 072 Monday to Friday between 9:00am and 5:00pm (Sydney time) or consult your legal, financial, taxation or other professional adviser. There is additional information regarding the transaction including Frequently Asked Questions on this web page.


1 KKR currently has a legal and economic interest in MYOB Shares of approximately 19.9%.

2 It is contemplated that the 103,935,106 MYOB Shares currently held by a holding company of KKR BidCo, ETA Asia Holdings II Pte. Ltd., will be transferred to KKR BidCo on or around the Implementation Date. Such MYOB Shares will not be transferred as part of the Scheme.


Scheme Booklet FAQs

KKR Scheme Key Dates

Date Event
3.00pm on 15 April 2019 Latest time and date for receipt of proxy forms (including proxies lodged online) or powers of attorney by the MYOB Registry for the Scheme Meeting
7.00pm on 15 April 2019 Time and date for determining eligibility to vote at the Scheme Meeting
3.00pm on 17 April 2019 Scheme Meeting
If the Scheme is approved:
1.45pm on 24 April 2019 Second Court Hearing to approve the Scheme
24 April 2019 Effective Date – this is the date on which the Scheme comes into effect pursuant to s411(10) of the Corporations Act and is binding on MYOB Shareholders. Court order will be lodged with ASIC and announced on the ASX.

MYOB Shares will be suspended from trading at the close of trading on the ASX on the Effective Date. If the Scheme proceeds, this will be the last day that MYOB Shares will trade on ASX.
7:00pm on 2 May 2019 Scheme Record Date – all Scheme Shareholders will be entitled to receive the Scheme Consideration subject to and on the terms and conditions set out in the Scheme
8 May 2019 Implementation Date – all Scheme Shareholders will be sent the Scheme Consideration to which they are entitled

All times and dates in the above timetable are references to the time and date in Sydney, New South Wales, Australia and all such times and dates are subject to change. MYOB may vary any or all of these dates and times and will provide notice of any such variation on ASX. Certain times and dates are conditional on the approval of the Scheme by MYOB Shareholders, other than Excluded Shareholders, and by the Court. Any changes will be announced by MYOB to ASX.

KKR Scheme Contacts

If you have any questions regarding the Scheme or the Scheme Booklet you should contact the MYOB Shareholder Information Line on +61 1800 883 072 Monday to Friday between 9:00am and 5:00pm (Sydney time) or consult your legal, financial, taxation or other professional adviser.

There is additional information regarding the transaction including Frequently Asked Questions on this web page.

Scheme Meeting

Mid to late April 2019

Key Dates