Yesterday, ClearView Wealth Ltd (ASX: CVW) announced its acquisition by Zurich has been completed, with shareholders receiving $0.60 per share in cash plus a fully franked $0.05 special dividend.
What did ClearView Wealth Limited report?
- Zurich Financial Services Australia Limited has acquired 100% of ClearView shares under the Scheme of Arrangement.
- Shareholders received $0.60 in cash per share and a $0.05 fully franked special dividend per share.
- The Scheme was approved by shareholders on 27 July 2026 and by the Supreme Court of NSW on 30 July 2026.
- ClearView’s shares were suspended from ASX trading on 31 July 2026 and will be delisted on 21 August 2026.
- The ATO has provided a draft Class Ruling relating to the taxation of the scheme and special dividend.
What else do investors need to know?
The acquisition means all ClearView shares are now owned by Zurich, and trading in ClearView shares has ceased. Shareholders on the record date should have received their scheme consideration and special dividend payments.
ClearView has applied for removal from the ASX, which will take effect on 21 August 2026. The company notes that the Australian Tax Office has issued a draft Class Ruling regarding the income tax implication of the scheme and the special dividend. Investors are urged to consult their tax advisers about how these outcomes affect their own circumstances.
What’s next for ClearView Wealth?
With the acquisition now finalised, ClearView will no longer be listed on the ASX and will operate as part of Zurich’s Australian business. Investors are advised to refer to Zurich for future company and strategy updates.
The final Class Ruling from the ATO will be available on the ATO’s website in due course. Shareholders are encouraged to watch for this update, particularly in relation to potential franking credit entitlements.
The post ClearView Wealth provides update on Zurich acquisition and ASX delisting appeared first on The Motley Fool Australia.
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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.