The Reject Shop is officially set to be acquired by Canadian retail giant Dollarama, following an approval from the Federal Court of Australia.
With the court’s approval now lodged with the Australian Securities and Investments Commission (ASIC), the acquisition has become legally effective.
As a result, The Reject Shop’s shares have been suspended from trading on the ASX at the close of today, July 1, 2025.
The takeover received overwhelming support from shareholders at the June vote, with 97.3 per cent of shareholders present and voting (either in person or by proxy) approving the scheme resolution. Overall, 99.98 per cent of all votes cast were in favour.
Under the terms of the deal, shareholders will receive a total of $6.68 per share in two payments.
The first is a fully franked special dividend of $0.77 per share, which will be paid on July 14 to those holding shares at 7.00pm AEST on July 7.
The second payment is the scheme consideration of $5.91 per share, expected to be paid on July 22 to shareholders recorded at 7.00pm AEST on July 15.
“Attracting an offer from Dollarama, a recognised leader in the value retail market, is testament to both the meaningful improvement that our incredible team has made to our business over the past few years as well as the significant growth potential that exists for The Reject Shop,” Steven Fisher, The Reject Shop Chairman, said in March, when the proposed acquisition was first announced.