Compulsory acquisition of shares in Devine

July 09, 2021
  • Corporate
CIMIC Residential Investments Pty Ltd (CRI), a wholly owned subsidiary of CIMIC Group Limited, is pleased to announce that it has a relevant interest in 91.61% of Devine Limited’s (Devine) shares.

As a result of having a relevant interest in greater than 90% of Devine’s shares, and as set out in CRI’s fourth supplementary bidder’s statement dated 7 July 2021, CRI has the right to compulsorily acquire all the remaining Devine shares.

Compulsory acquisition notices and related correspondence will be dispatched to all Devine shareholders who have not accepted CRI’s offer. A copy of that correspondence is available here. A copy of the compulsory acquisition notice is included by way of service pursuant to s661B(1)(d) of the Corporations Act 2001 (Cth).

Devine shareholders who have not accepted CRI’s offer may still do so up until 7.00pm (Sydney time) on 15 July 2021.

If Devine shareholders have any queries in relation to this announcement or any other matter relating to the takeover bid, please call 1300 560 339 (for calls made within Australia) or +61 2 8011 0354 (for calls made from outside Australia) from Monday to Friday between 9:00am and 5:00pm (AEST) if you require assistance with your acceptance. Alternatively, contact the chat line at
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