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Implementation of Scheme and completion of Capital Raise
ASX Release | 17 July 2026 | ASX:QOR Implementation of the Scheme and completion of the Capital Raise Qoria Limited ACN 167 509 177 (ASX: QOR) (Qoria) provides the following update on the acquisition by Aura Consolidated Group, Inc. ARBN 695 488 843 (Aura) of all of the fully paid ordinary shares in Qoria (Qoria Shares) in consideration for the issue of shares in common stock of Aura, in the form of CHESS Depositary Interests (Scheme Consideration CDIs), by way of a scheme of arrangement between Qoria and its shareholders (Scheme) under Part 5.1 of the Corporations Act 2001 (Cth). Capitalised terms used in this announcement have the meaning given to them in the Scheme Booklet announced by Qoria to ASX on 27 May 2026, unless otherwise specified. Qoria advises the Scheme has now been implemented and settlement and completion of the Capital Raise has occurred. Scheme Consideration All Qoria Shares held by Scheme Shareholders have been transferred to Aura under the Scheme. In accordance with the terms of the Scheme, Scheme Shareholders (excluding Non-Electing Unmarketable Parcel Shareholders1) have received (subject to rounding, in accordance with the Scheme) 1 Scheme Consideration CDI for approximately every 17.32 Scheme Shares held by them on the Record Date (being 5:00pm (Perth time) on Friday, 10 July 2026). The total Scheme Consideration pursuant to the Scheme was 81,278,566 Scheme Consideration CDIs. In accordance with the Direct Cash-Out Facility, no later than Friday, 24 July 2026, Qoria will pay, or procure the payment, to each Non-Electing Unmarketable Parcel Shareholder such amount of cash as is due to that shareholder as consideration equal to the ‘market value’2 of the Scheme Consideration CDIs that would have otherwise been issued to that Non-Electing Unmarketable Parcel Shareholder as Scheme Consideration. That 'market value' has been calculated as A$ 5.4917753529142 per Scheme Consideration CDI (being equivalent to A$0.317123 per Qoria Share). For further information regarding the Direct Cash-Out Facility refer to Section 4.7 of the Scheme Booklet. Completion of Capital Raise Aura has successfully completed the Capital Raise of US$100 million (before costs). Aura CDIs (including those issued pursuant to the Capital Raise and the Scheme Consideration CDIs issued under the Scheme) are expected to commence trading