Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Superannuation
04 July 2025 by Maja Garaca Djurdjevic

Retail super funds deliver double-digit returns despite market turbulence

Retail superannuation funds Vanguard Super and Colonial First State have posted robust double-digit returns for FY2024–25, driven by a recovery in ...
icon

Markets climb 'wall of worry' to fuel strong super returns, but can the rally last?

Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an ...

icon

ASIC levy for investment and super sector set to rise 9%

The corporate regulator has released its estimated industry levies for FY2024–25, with the cost for the investment ...

icon

Diversified portfolios deliver for industry funds as markets flourish

Another strong year for equities, both domestic and global, has driven largely positive returns for these industry super ...

icon

VanEck warns of looming US asset unwind as key risk signals flash red

VanEck has signalled an impending major unwinding in US assets, after issuing a warning that the world is largely ...

icon

Metrics makes 2 acquisitions ahead of consumer lending expansion

Metrics Credit Partners has completed the acquisition of Taurus Financial Group and BC Investment Group as it looks to ...

VIEW ALL

Shareholders approve Count takeover

  •  
By
  •  
2 minute read

Count shareholders have voted in favour of CBA's takeover.

Shareholders of Count Financial (Count) have voted in support of the scheme of arrangement that will see the Commonwealth Bank of Australia (CBA) buy all outstanding shares in the company.

They also voted in favour of cancelling all outstanding options on Count shares during a shareholder meeting held on Friday.

Almost 95 per cent of shareholders cast their vote, while 99.4 per cent of those who voted did so in favour of the acquisition by CBA.

Only 69 shareholders, or 1.1 million of the total 182 million votes, were cast against the takeover.

The takeover was subject to 75 per cent of shareholders voting in favour of the resolutions.

A slightly higher percentage of votes were cast against the cancellation of Count options, with 5.5 per cent of option holders voting against the resolution.

The takeover of Count by CBA remains subject to Court approval at the second Court hearing scheduled for 2.15pm today.

CBA made its $373 million takeover offer for Count in August.