13 May 2025
Clean Seas Seafood Limited (ASX: CSS) ("Clean Seas", "CSS", "the Company")
refers to its announcement dated 31 March 2025 and 15 April 2025 regarding entry
into a Scheme Implementation Deed ("SID") with Yumbah Aquaculture Ltd ("Yumbah")
under which Yumbah will acquire 100% of the shares in CSS by way of a scheme of
arrangement ("Scheme").
As announced to the ASX earlier today, the Federal Court of Australia has made
orders that CSS convene and hold a meeting of Clean Seas Shareholders to
consider and vote on the proposed acquisition of CSS by Yumbah Aquaculture Ltd
("Yumbah") by way of scheme of arrangement ("Scheme") ("Scheme Meeting") and
approving the distribution to Clean Seas Shareholders of an explanatory
statement in connection with the Scheme ("Scheme Booklet").
Subject to CSS Shareholders approving the Scheme by the requisite majorities at
the Scheme Meeting, to be held on Monday, 23 June 2025, the Federal Court of
Australia (South Australian Registry) ("Court"), located at Federal Court of
Australia (South Australia registry), Roma Mitchell Commonwealth Law Courts
Building, 3 Angas Street, Adelaide, South Australia 5000, will hear an
application by CSS to approve the Scheme on 4 July 2025 at 10.00am (Adelaide
time) ("Second Court Hearing"). If you wish to oppose approval of the Scheme by
the Court at the Second Court Hearing, you must file with the Court and serve on
CSS a notice of appearance, in the prescribed form, together with any affidavit
on which you wish to rely at the hearing. The notice of appearance and affidavit
must be served on CSS at its address for service at least one (1) day prior to
the date fixed for the Second Court Hearing.
The address for service of CSS is:
Clean Seas Seafood Limited
7 Frederick Road
Royal Park SA 2014
Attention: Rob Gratton, CEO and Joint Company Secretary
or by email to: rob.gratton@cleanseas.com.au
Shareholder Information Line
If you have any questions in relation to the Scheme or the Scheme Booklet,
please contact the Clean Seas Shareholder Information Line between 8:30am and
5:30pm (Sydney time), Monday to Friday on:
o 1300 737 760 (within Australia)
o +61 2 9290 9600 (outside Australia)
This announcement is authorised by the Independent Board Committee of the
Company.
For further information on Clean Seas Seafood, please contact:
Rob Gratton
CEO
rob.gratton@cleanseas.com.au
+61 434 148 979