Ramsay Health Care Sets 27 November Second Court Hearing for Ramsay Santé Demerger Scheme

Mukul

12 November 2026 06:50 PM AEDT

Ramsay Health Care Sets 27 November Second Court Hearing for Ramsay Santé Demerger Scheme

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Ramsay Health Care Limited (ASX:RHC) has disclosed that the Supreme Court of New South Wales will hear an application seeking approval of the scheme of arrangement for the proposed demerger of its 52.79% shareholding in Ramsay Générale de Santé SA at 9:15am (Sydney time) on Friday, 27 November 2026, subject to shareholder approval at meetings scheduled for 24 November 2026.

Key Points

The Second Court Hearing is scheduled for 9:15am (Sydney time) on Friday, 27 November 2026, at the Supreme Court of New South Wales, 184 Phillip Street, Sydney.
The proposed demerger involves distributing Ramsay Group's 52.79% shareholding in Ramsay Générale de Santé SA to Ramsay shareholders via a scheme of arrangement.
Shareholder approval is required at a General Meeting and Scheme Meeting to be held consecutively on Tuesday, 24 November 2026, immediately following Ramsay's 2026 AGM, which commences at 10:00am (Sydney time).
Parties wishing to oppose the Scheme at the Second Court Hearing must file a notice of appearance and any supporting affidavit, served on Ramsay at least one day before the hearing date.

Second Court Hearing Details and Conditions

The Supreme Court of New South Wales, located at 184 Phillip Street, Sydney NSW 2000, will hear Ramsay's application for Scheme approval at 9:15am (Sydney time) on Friday, 27 November 2026. The hearing is conditional upon Ramsay shareholders approving the resolutions required to effect the demerger at the General Meeting and Scheme Meeting scheduled for Tuesday, 24 November 2026. Those meetings will be held consecutively, immediately following Ramsay's 2026 Annual General Meeting, which is set to commence at 10:00am (Sydney time).

Demerger Scheme Structure and Shareholding

The proposed demerger is structured as a scheme of arrangement under which Ramsay Group would distribute its 52.79% shareholding in Ramsay Générale de Santé SA to Ramsay shareholders. The filing refers to a Demerger Booklet that was released on 19 October 2026 for further information regarding the transaction. The filing does not disclose additional financial terms or conditions associated with the distribution of the Ramsay Générale de Santé SA shares to Ramsay shareholders beyond those already contained in that booklet.

Objection Process for the Second Court Hearing

Any person wishing to oppose the Court's approval of the Scheme at the Second Court Hearing is required to file a notice of appearance in the prescribed form, together with any affidavit on which they intend to rely, with the Court and serve these documents on Ramsay at its address for service. The designated address for service is Herbert Smith Freehills Kramer, ANZ Tower, Level 33, 161 Castlereagh Street, Sydney NSW 2000, with the reference name Luke Bradshaw Hastings. Documents must be served at least one day before the date fixed for the Second Court Hearing.

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