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Qube Holdings wins ASX waiver for flexible scheme timetable and dividend

Qube wins ASX waiver for flexible scheme timetable, potentially paving the way for a special fully franked dividend if its buyout is approved.

Posted by
Laura Stewart
Author bio Laura Stewart is a Finance Editor at The Motley Fool, where she covers Australian and international equity markets. She joined the company in 2022, following a career transition from legal advisory work in Southeast Asia into the investment industry. Prior to her current editorial role, Laura spent three years as an Equity Analyst and Writer, producing investment research across the ASX, NYSE, and NASDAQ. Her coverage included small-cap growth companies, thematic investment ideas, and high-quality U.S.-listed businesses. Laura holds a Master of Applied Finance and brings additional expertise in accounting, taxation, and estate and wealth planning from her postgraduate studies. She also has a background in law and communications, which supports her analytical and reporting work in financial markets. Outside of work, she enjoys spending time in the Adelaide Hills with her flock of sheep. Education Laura holds a Bachelor of Laws, a Bachelor of Communication (Journalism), and a Bachelor of Commerce with majors in Accounting and Corporate Finance. In 2025, she completed a Master of Applied Finance at the University of Adelaide, receiving postgraduate awards in Accounting Concepts & Methods, Ethical Principles in Accounting & Finance, Real Estate Valuation & Investment, and Tax, Estate & Wealth Planning. Social media LinkedIn FYI – I am taking a break from social media at the moment, so this account isn’t active at the moment, but I will let you know when I rejoin. Favorite investment quote "Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't... pays it." — Albert Einstein
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The Qube Holdings Ltd (ASX: QUB) share price is in focus today after the company announced it has received an ASX waiver enabling a flexible timetable for its proposed scheme of arrangement. The move could allow shareholders to benefit from a fully franked special dividend, if one is declared.

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What did Qube report?

  • Received an ASX waiver of Listing Rule 7.40 to permit a customised scheme implementation timetable.
  • Potential for a fully franked special dividend to be paid following scheme effectiveness.
  • Bidder Rubik Australia Pty Limited is set to acquire 100% of Qube shares via the scheme of arrangement.
  • Qube Board intends to send scheme documentation after the upcoming court hearing on 23 April 2026.
  • Board unanimously recommends the scheme, in the absence of a superior proposal and with positive independent expert advice.

What else do investors need to know?

The ASX waiver allows Qube to deviate from the standard scheme timetable, as outlined in the Scheme Implementation Deed with Rubik Australia. This flexibility supports drawing down funds and potentially paying a special fully franked dividend to eligible shareholders.

Notices of meeting and the scheme booklet are expected after the first court hearing on 23 April 2026, with the scheme meetings likely scheduled for June 2026. The Qube Board reiterates its support for the bid, provided it remains in shareholders' best interests.

What's next for Qube?

Qube Holdings plans to issue meeting documents following the first court hearing, and shareholders will have their say on the proposal in June 2026. If all conditions are met, including court and shareholder approval, the special dividend and scheme implementation could follow soon after.

The Board continues to focus on delivering value for shareholders throughout this process and will provide further updates as milestones are reached.

Qube share price snapshot

Over the past 12 months, Qube shares have risen 32%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 14% over the same period.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

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