When will Diversified United Investment (ASX:DUI) stop trading on the ASX?

DUI shares are scheduled to cease trading on the ASX at the close of business on April 21, 2026. This follows the lodgement of court orders which formally initiates the transition process. Investors holding DUI shares after this date will see their holdings converted into AUI shares according to the agreed exchange ratio.

What is the share exchange ratio for the DUI and AUI merger?

Eligible DUI shareholders will receive approximately 0.4724 new AUI shares for every single DUI share they hold. This ratio is the "Scheme Consideration" and is based on the relative valuations of the two companies.

How does the current share price of DUI compare to the merger value?

At the time of the announcement, DUI was trading at $5.09 and AUI at $10.85. Applying the 0.4724 exchange ratio to AUI’s price suggests an implied value of approximately $5.12 per DUI share.

What are the key dates for the DUI and AUI scheme of arrangement?

The transition begins with DUI's last day of trading on April 21, 2026. New AUI shares will start trading on a deferred settlement basis on April 22, followed by the Scheme Record Date on April 23.

Can I trade the new AUI shares immediately after the DUI delisting?

Yes, new AUI shares are expected to commence trading on the ASX on a deferred settlement basis starting April 22, 2026.

What is the strategic goal of the DUI and AUI merger?

By merging Diversified United Investment (ASX:DUI) into Australian United Investment (ASX:AUI), the companies aim to create a larger, more liquid investment vehicle.

What are the main risks for DUI shareholders during this transition?

The primary risk is the fixed exchange ratio; because the number of AUI shares you receive is set, a significant drop in AUI’s share price before April 30 would reduce the absolute value of your investment.

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Federal Court approves DUI and AUI merger

Q: What happened with the Diversified United Investment (ASX:DUI) and Australian United Investment (ASX:AUI) merger?

The Federal Court of Australia has officially approved the merger of DUI and AUI via a members' scheme of arrangement. This legal sign-off is the final major hurdle, allowing the two investment companies to combine into a single entity.

Written by Brie CarterPublished Apr 20, 2026, 7:26 AM

The Federal Court of Australia has approved the merger between Diversified United Investment (ASX:DUI) and Australian United Investment (ASX:AUI) through a members' scheme of arrangement.

The court orders are expected to be lodged with ASIC tomorrow, marking the point at which the scheme becomes effective.

Under the terms of the agreement, DUI shares will continue trading on the ASX until the close of business on April 21.

Eligible shareholders are set to receive approximately $0.4724 new AUI shares for every DUI share held as of the record date on April 23.

The scheme is slated for full implementation on April 30, with new AUI shares commencing trading on a deferred settlement basis from April 22.

At the time of reporting, the share prices of Diversified United Investment and Australian United Investment were $5.09 and $10.85, respectively.

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Federal Court approves DUI and AUI merger

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