Incannex – Court Approves Convening of Meetings to Consider Proposed Schemes

Highlights
•The Federal Court of Australia has today made orders for the convening of the Scheme Meetings and approving the dispatch of the Scheme Booklet.
•The Scheme Meetings will be held on Wednesday, 8 November 2023, with the Share Scheme Meeting beginning at 10:00am (Melbourne time) and the Option Scheme Meeting beginning at the later of the conclusion of the Share Scheme Meeting and 10:30am (Melbourne time).
•The Scheme Booklet is expected to be dispatched to Incannex shareholders and optionholders on or before 9 October 2023.
•The Independent Expert has concluded that the Share Scheme is in the best interest of Incannex shareholders and that the Option Scheme is in the best interest of Incannex optionholders.
•The Incannex Board unanimously recommends that Incannex shareholders and optionholders vote in favour of their respective Scheme, subject to, in respect of the Share Scheme, the Independent Expert continuing to conclude that the Share Scheme is in the best interest of Incannex shareholders and, in respect of the Option Scheme, the Independent Expert continuing to conclude that the Option Scheme is in the best interest of Incannex optionholders.