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Domain shareholders have voted in favour of the proposed acquisition by CoStar Group, with the scheme of arrangement remaining on track for completion on Wednesday, 27 August.
Domain shareholders have voted to support the scheme of arrangement with the CoStar Group, the company confirmed via a statement lodged with the ASX.
The scheme will now be subject to court approval on 6 August, with 99.98 per cent of votes in favour of the agreement and 91.22 per cent of shareholders supporting the scheme.
If outstanding conditions are satisfied or waived by this date and the scheme is approved, it will become legally effective.
Following this, shares will be suspended from trading at the close of trading on Thursday, 7 August, and payments will be made to Domain shareholders on Wednesday, 20 August.
Shareholders were informed of the Domain board’s unanimous recommendation of support during the board meeting.
CoStar is an information, analytics, and news platform for commercial real estate.
On 9 May 2025, CoStar announced that it had entered a binding scheme implementation deed (SID) to pay Domain shareholders $4.43 per share, excluding any special dividends, to buy the remaining 83 per cent of Domain shares.
Earlier in the year, founder and CEO of CoStar Group, Andy Florance, said that the company was pleased to have reached an agreement with Domain, and added he was confident that the acquisition would “foster more competition in Australia”.
“With our technology, scale, and the innovation we’re known for, we see a tremendous opportunity to enhance the Australian property market,” Florance said.
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