Following the approval of the shareholders of iProperty Group Limited for the take over bid by the REA Group, the Federal Court of Australia has granted final orders approving the scheme of arrangement whereby the REA Group will acquire all of the shares in iProperty.

Following the lodgement of the final court orders with ASIC the scheme has become legally effective.

iProperty shares will be suspended from trading on ASX from the close of trading today, 2 February 2016. Implementation of the scheme is expected to occur on 16 February 2016, at which time the REA Group will acquire 100% of iProperty and the scheme consideration will be issued and paid to iProperty shareholders.