Special Advisory: Victoria Mutual Investments Limited (VMIL)

August 22, 2022


Victoria Mutual Investments Limited (VMIL) has advised of the results of the vote on the Scheme of Arrangement for the Restructuring of the VM Group show overwhelming support for the proposed move. Victoria Mutual Building Society (VMBS), parent of VMIL had gone to its Members for a vote on the Scheme at a Court ordered meeting on Tuesday, August 9, 2022. VMBS proposed the restructuring exercise to ensure compliance with the Banking Services Act (2014) which mandates that a corporate group which includes both financial entities and non-financial entities be reorganised by separating the financial services companies from the non-financial companies.



Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.