The Supreme Court of New South Wales will hold a Second Court Hearing on 7 July 2026 to determine whether to approve Qube Holdings Limited’s proposed scheme of arrangement, under which Rubik Australia Pty Limited would acquire 100% of the company’s shares. This hearing represents the final regulatory hurdle before the transaction proceeds to completion, with the scheme expected to become effective on 8 July 2026 should the Court approve the arrangement.
A scheme of arrangement is a formal process used for significant corporate transactions in Australia, requiring court oversight to protect shareholder interests. In Qube’s case, the scheme was first announced on 16 February 2026 and has already passed a shareholder meeting vote on 16 June 2026, where the required majority of members supported the proposal. The Second Court Hearing will examine whether the scheme meets legal requirements and is fair to shareholders before granting final approval.
Shareholders retain the right to appear and be heard during the Second Court Hearing and may still oppose the scheme’s approval. Any shareholder wishing to oppose the arrangement must file a notice of appearance and any supporting affidavits with the Court and serve them on Qube’s legal representatives at Allens’ Sydney office at least one day before the hearing. This provision ensures that minority shareholders have a voice in the process, though the earlier shareholder vote already demonstrated majority support for the transaction.
If the Court grants its approval on 7 July 2026, Qube shares will be suspended from trading on the ASX at close of trading on the Effective Date of 8 July 2026. Shareholders who hold shares at the time the scheme becomes effective will receive consideration according to the terms outlined in the Scheme Booklet dated 23 April 2026. The imminent timeline means that current shareholders should review their positions promptly, as the trading window for the stock is narrowing significantly.
Investors should monitor the outcome of the 7 July 2026 court hearing closely, as this will determine whether the acquisition proceeds as scheduled or faces any delays or complications. Any Qube shareholders with questions can contact the dedicated Shareholder Information Line on 1300 367 804 or visit www.qube.com.au. This announcement has been flagged as price sensitive material by the ASX and constitutes a significant corporate event for the company.
View the full ASX announcement (PDF)
About Qube Holdings Limited (ASX: QUB)
Qube Holdings Limited is an Australian-based provider of integrated import and export logistics services operating in Australia, New Zealand, and Southeast Asia. The company operates through two core divisions: its Operating Division, which provides containerised cargo handling, grain trading, road and rail transport, warehousing, and industrial logistics services, and its 50% interest in Patrick Terminals, a leading container terminal operator. Qube offers comprehensive supply chain solutions including port logistics, bulk logistics, and specialized services across major Australian ports.
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