Fairfax Media Limited Scheme Meeting and Annual General Meeting Results

Following the Scheme Meeting and Annual General Meeting  of Fairfax Media Limited [ASX:FXJ} held today, Fairfax has announced that Fairfax shareholders overwhelmingly approved the separation of Domain from Fairfax.

Fairfax Chairman Nick Falloon said: “We are pleased to have received shareholder approval for separation of Domain from Fairfax. This is an important milestone in delivering our strategy to build shareholder value via our leading portfolio of marketplaces, information brands and entertainment assets.”

Domain Chief Executive Officer Antony Catalano said: “This is a tremendous achievement for everyone at Domain. Thank you to the many people involved in the separation process. Everyone at Domain is excited to be part of this next step in Domain’s continuing success.”

Fairfax will now seek orders from the Federal Court of Australia for approval of the scheme of arrangement (“Scheme”) to effect the Separation, with the hearing scheduled for Monday, 6 November 2017. If the Scheme is approved by the Court, Fairfax proposes to lodge the order of the Court with the Australian Securities and Investments Commission on Tuesday, 7 November 2017 and the Scheme will become effective on that date.


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