On 7 July 2026, Qube Holdings Limited announced that the Supreme Court of New South Wales has made orders approving the scheme of arrangement pursuant to which Rubik Australia Pty Limited will acquire 100% of the shares in Qube. The scheme was first announced on 16 February 2026. Qube is arranging for the court orders to be lodged with ASIC on 8 July 2026, at which time the scheme will become legally effective. Following this, Qube will apply for ASX quotation to be suspended with effect from close of trading on 8 July 2026. This means Qube will cease to be an ASX-listed company following the scheme's completion.

Qube Holdings Ltd (ASX:QUB) rose 0.098% in the latest session, with shares trading at $5.12 on 7 Jul 2026. The move draws investor attention to the latest developments at the company and what they may mean for the near and longer-term investment case. For investors evaluating Qube Holdings Ltd, understanding the company's business, the significance of recent announcements and the key risks and opportunities provides an essential foundation for informed decision-making.

Company Overview

Qube Holdings Limited was one of Australia's largest integrated logistics companies, operating across multiple segments including port logistics, bulk handling, Patrick Container Terminals and related infrastructure and logistics services. The company built one of Australia's most comprehensive logistics networks spanning ports, rail, road and warehousing. The scheme of arrangement, if completed, will result in Qube ceasing to be an ASX-listed company as it is acquired by Rubik Australia Pty Limited. For existing Qube shareholders, the scheme approval represents the conclusion of the acquisition process that was first announced in February 2026.

Business at a Glance

Qube Holdings has been trading on the Australian Securities Exchange under the ticker ASX:QUB. Following the Supreme Court's scheme approval, the company is expected to be suspended from ASX trading from close of trading on 8 July 2026.

• Scheme of arrangement — court-approved acquisition by Rubik Australia

• ASX suspension — quotation to be suspended from close of trading 8 July 2026

• Supreme Court approval — obtained 7 July 2026

• ASIC lodgement — court orders to be lodged 8 July 2026, scheme becomes effective

• First announced — 16 February 2026

Strategic Positioning

The Qube scheme represents the conclusion of a strategic acquisition process that began with the announcement on 16 February 2026. For Qube's management and the acquiring party, the transaction reflects an assessment that the company's value and growth can be better pursued as a private company than as an ASX-listed entity. For investors, the scheme approval means the acquisition will proceed and Qube shares will cease to trade on the ASX following the suspension.

Recent Market Context

The acquisition of Qube Holdings by Rubik Australia represents a significant transaction in the Australian logistics and port infrastructure sector. Qube has been one of the most important logistics businesses listed on the ASX, with operations across Australia's major ports. The scheme's approval follows the standard court process for schemes of arrangement, providing legal certainty that the acquisition can proceed to completion.

Why Investors May Be Watching Qube Holdings Ltd

For shareholders who have not already sold their Qube shares, the key near-term action points relate to understanding when and how their shares will be acquired under the scheme and at what consideration. The ASX suspension from 8 July 2026 means trading will cease. The scheme documentation provided to shareholders when the transaction was announced contains the specific terms, consideration and timetable that shareholders need to refer to for their individual circumstances.

The Logistics & Port Operations — Scheme of Arrangement Industry

Australia's logistics and port infrastructure sector has attracted significant private equity and institutional capital, reflecting the essential nature of the infrastructure and the long-term contracted revenue characteristics of major port operations. Private ownership can allow for longer-term capital investment decisions without the quarterly reporting pressures of ASX listing.

Where Qube Holdings Ltd Fits Within the Sector

Qube Holdings was one of the ASX's most significant logistics companies, providing investors with access to Australian port logistics, bulk handling and container terminal operations through a listed structure. Its delisting through the scheme means this exposure will no longer be available in its current form through the ASX.

Key Catalysts Investors May Monitor

Investors following Qube Holdings Ltd may monitor several developments:

• ASIC lodgement of court orders — 8 July 2026

• ASX trading suspension — close of trading 8 July 2026

• Scheme consideration payment to shareholders

• Scheme completion and delisting from ASX

Key Risks and Uncertainties

With the Supreme Court approving the scheme and the ASIC lodgement to make the scheme effective proceeding on 8 July 2026, the primary remaining question for shareholders is the administration of the scheme consideration payment process rather than any fundamental risk to the scheme proceeding. Shareholders who wish to understand their specific entitlements should refer to the scheme documentation and any communications from Qube's share registry.

Balanced Outlook

Qube Holdings will effectively cease to exist as an ASX-listed entity following the scheme's completion. The company will be privately held by Rubik Australia. For investors who held Qube shares as part of their listed Australian logistics sector exposure, they will need to consider alternative vehicles for this type of exposure. The delisting of Qube removes one of the ASX's primary logistics and port infrastructure investment options from the listed market.

Considerations That May Support Interest

• Supreme Court approval provides legal certainty that the acquisition can proceed

• Scheme consideration payable to all shareholders — certain and defined outcome

• Clear timeline — ASIC lodgement 8 July, ASX suspension from close of trading 8 July

• Conclusion of the transaction process announced in February 2026

Considerations That Warrant Caution

• Qube will cease to be ASX-listed — removing this listed logistics exposure from the market

• Shareholders unable to trade Qube shares after close of trading 8 July 2026

• Investors seeking listed Australian logistics and port infrastructure exposure will need alternatives

• The scheme removes one of the ASX's primary logistics sector investment options

Conclusion

The Supreme Court's approval of the Qube Holdings scheme of arrangement marks the end of Qube's 14-year journey as an ASX-listed company. The scheme approval concludes a process that began in February 2026 and represents a significant transaction for the Australian logistics sector. For shareholders, the focus now is on the scheme consideration process and ensuring they understand the mechanics and timing of receiving their scheme consideration. Those who valued Qube as a listed logistics and port infrastructure holding will need to identify alternative ASX-listed vehicles to maintain sector exposure following the company's delisting.