Unilife Australia has entered into a Merger Implementation Agreement with Unilife Corporation (Unilife US), a wholly owned subsidiary of Unilife Australia. The purpose of the Merger Implementation Agreement is to facilitate the proposed redomiciliation of the Unilife group to the US.
The Proposed Transaction will be implemented by the establishment of a new corporate structure under which Unilife US, a company incorporated in Delaware, US, will become the ultimate parent company of the Unilife group (Group). As a result, shareholders and optionholders of Unilife Australia will exchange their existing interests in Unilife Australia for equivalent interests in Unilife US.
The Group’s business, operations, management and employees will not materially change as a result of the Proposed Transaction. Upon implementation of the Proposed Transaction, the Board of Unilife US will be restructured to reflect the Group’s domicile in the US.
The Proposed Transaction is subject to approval by the Australian Federal Court as well as approval of Unilife Australia Security Holders.