Promisia shareholders approve Cromwell acquisitions

Promisia shareholders voted in favour of three resolutions at the extraordinary general meeting.

The resolutions were adopted at the meeting held on July 31 and were passed by vote.

The conditions for obtaining shareholder approval for the acquisition of the villages of Golden View and Ripponburn as part of the Cromwell takeover have now been met, as have the financial conditions.

The acquisition is still pending approval by the statutory supervisory authority and the absence of any material adverse changes in relation to the acquired assets.

Promisia expects that the remaining conditions will be met and the acquisitions will be completed in August 2024.