Embark Education Group to list on ASX, de-list from NZX

May 29, 2023

Thomson Geer is advising early learning centre owner and operator Embark Education Group Ltd on its proposed de-listing from the New Zealand Stock Exchange and re-domicile on the Australian Securities Exchange.

The proposed re-domiciling is to be done through a scheme of arrangement that is subject to shareholder approval and regulatory approvals.

Partners Emma Cook and Matthew Reynolds are advising Embark on regulatory compliance issues and the structure of the scheme.

"We are pleased to be advising Embark Education as it focuses on its long term growth plans in Australia," Matthew said.

The company said in a statement that the Board had determined that the Scheme was in the best interests of Embark and its shareholders.

"The proposed re-domiciling provides a more natural alignment of the parent company’s place of incorporation and primary listing with the company's operations given Embark currently only operates in Australia following the divestment of its New Zealand childcare centres at the end of September 2022," it said.

Thomson Geer worked with New Zealand firm Chapman Tripp on the de-listing and re-domicile.

Embark Education operates 24 early childhood centres across Australia's eastern seaboard.

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