Tabcorp has announced its intention to demerge its Lotteries and Keno business. Upon demerger, Tabcorp will continue to hold the Wagering, Media and Gaming Services businesses, and a new standalone ASX-listed company, The Lottery Corporation Limited, will hold the Lotteries and Keno businesses.
Tabcorp is targeting completion of the demerger, to be implemented through a court-approved Scheme of Arrangement, on 1 June 2022, subject to all relevant approvals and consents, including shareholder approvals at shareholder meetings to be held on 12 May 2022.
Tabcorp shareholders should read the Demerger Booklet and the Notices of Meeting in full by accessing the Demerger Portal via the link below. Shareholders can also use this portal to submit proxies to vote on the shareholder resolutions for the General Meeting and Scheme Meeting, opt into the share Sale Facilities (for eligible Small Shareholders) and view other important information.
The General Meeting and the Scheme Meeting were held live and can be accessed from the links below.
DEMERGER PORTAL GENERAL MEETING SCHEME MEETING
-> 20 May 2022 - Demerger of the Lottery Corporation approved by Court
-> 12 May 2022 - Chairman's address to General Meeting and Scheme Meeting
-> 31 March 2022 - Demerger Booklet registered with Australian Securities and Investments Commission
-> 31 March 2022 - Demerger of The Lottery Corporation - Briefing Presentation
-> 30 March 2022 - Court orders Scheme Meeting for the Demerger of The Lottery Corporation by Tabcorp
Key documents relevant to The Lottery Corporation Limited
The Board charters, key policies and other key governance documents for The Lottery Corporation Limited which are referenced in the Demerger Booklet can be downloaded from the below links.
-> Constitution of The Lottery Corporation
-> Board Charter
-> Audit Committee Charter
-> Risk and Compliance Committee Charter
-> People and Remuneration Committee Charter
-> Nomination Committee Charter
-> Anti-Bribery and Anti-Corruption Policy
-> Code of Conduct
-> Conflict of Interest Policy
-> Executive Shareholdings Policy
-> Inclusion and Diversity Policy
-> Market Disclosure Policy
-> Non-Executive Director Shareholding Policy
-> Political Contributions Policy
-> Sanctions Policy
-> Securities Trading Policy
-> Shareholder Communications Policy
Other related documents
-> Online Meeting Guide
Shareholder Information Line
Tabcorp shareholders who have any questions in relation to the Demerger may call the Shareholder Information Line on 1800 550 560 (within Australia) or +61 1800 550 560 (international) on weekdays between 8:00am and 7:30pm (Sydney time).
Additional information for investors and shareholders