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Today’s issue of PD Pharmacy Daily today features four pages of news plus a full page from Good Price Pharmacy Warehouse.
Get ready for full scope future QUEENSLAND University of Technology Head of School for Clinical Sciences, Professor Lisa Nissen, is set to discuss the fundamental principles of pharmacist prescribing at next month’s Australian Pharmacy Professional Conference (APP) on the Gold Coast. Nissen, who led the Queensland Pharmacists Immunisation Pilot, and her colleague Dr Lynda Cardiff, will look to “demystify what prescribing is within the community pharmacy setting”. CLICK HERE to see the full APP program and register.
Court orders API vote on takeover AUSTRALIAN Pharmaceutical Industries (API) shareholders will vote to approve Wesfarmers’ proposed acquisition of the pharmacy wholesaler on 17 Mar. In a statement to the Australian Securities Exchange (ASX) the company announced that the Federal Court of Australia ordered it to convene and hold a meeting of shareholders to vote on a scheme of arrangement that would see the firm become a wholly owned subsidiary of Wesfarmers. The Court has also issued directions for API to distribute a “scheme booklet” providing information about the takeover arrangements to shareholders. API confirmed that the scheme booklet was registered with the Australian Securities and Investments Commission (ASIC) yesterday, and it will be dispatched to shareholders alongside a notice of the meeting and a proxy form today. In its ASX announcement, API said
that a copy of the Independent Expert’s Report into the proposed deal, prepared by Grant Thornton Corporate Finance, has been included in the scheme booklet. “The independent expert has concluded that the scheme is in the best interests of API shareholders in the absence of a superior proposal,” API said. “The independent expert’s conclusion should be read in context with the full Independent Expert’s Report and the scheme booklet. “In the absence of a superior proposal and subject to the independent expert continuing to conclude that the scheme is in the best interests of API shareholders, each API Director recommends that API shareholders vote in favour of the scheme, and intends to vote in favour of the scheme in relation to the API share in which they have an interest.” Due to health risks arising from the COVID-19 pandemic the
shareholder meeting will be held virtually, at 2pm (AEDT) on 17 Mar. To be eligible to participate in the meeting individuals will be required to be registered as API shareholders on the register at 7pm (AEDT) on 15 Mar, with the company noting that “share transfers registered after that time will be disregarded in determining entitlements to vote at the scheme meeting”. Shareholders unable to attend the virutal meeting can vote by submitting a validly completed proxy form to the Board by 2pm (AEDT) on 15 Mar.
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