The Supreme Court of New South Wales has approved the scheme of arrangement between finance company Thorn Group and its major shareholder Somers Ltd, clearing the way for Somers to acquire the shares in Thorn it does not already own. Shareholders voted in favour of the scheme at a meeting earlier this week. Thorn shares will be suspended from trading on the ASX at close of business today (December 1) and the implementation date for the scheme is Monday, December 11. Dynamoney (formerly Grow Finance) co-founder Greg Woszczalski has taken on the role of executive chair, following the retirement of chair John Murphy. Woszczalski has stepped down from his role as joint chief executive, leaving the company’s other co-founder David Verschoor with sole CEO responsibility.