Dispatch of scheme booklet and letter to Shareholders
| Stock | Northern Star Resources Ltd (NST.ASX) |
|---|---|
| Release Time | 17 Mar 2025, 7:34 p.m. |
| Price Sensitive | Yes |
De Grey shareholders to vote on Northern Star acquisition
- Scheme booklet and letter dispatched to De Grey shareholders
- Scheme Meeting scheduled for 16 April 2025
- De Grey Directors unanimously recommend voting in favour of the Scheme
De Grey Mining Ltd (ASX:DEG) has announced the dispatch of the Scheme Booklet and a letter to shareholders regarding the proposed acquisition of De Grey by Northern Star Resources Ltd (ASX:NST) via a court-approved scheme of arrangement. The Scheme Booklet provides information about the terms of the Scheme, the reasons for the De Grey Directors' voting recommendations and intentions, and details of the Scheme Meeting. The Independent Expert has concluded that the Scheme is fair and reasonable and therefore is in the best interests of De Grey Shareholders, in the absence of a superior proposal. The De Grey Directors continue to unanimously recommend that shareholders vote in favour of the Scheme Resolution, subject only to no Superior Proposal emerging and the Independent Expert continuing to conclude that the Scheme is in the best interests of De Grey Shareholders. The Scheme Meeting is scheduled to be held at 2:00 pm (AWST) on Wednesday, 16 April 2025 at The Melbourne Hotel, Perth and online. De Grey Shareholders registered as at 5:00 pm (AWST) on 14 April 2025 will be eligible to attend and vote at the Scheme Meeting. If the Requisite Majorities of De Grey Shareholders vote in favour of the Scheme at the Scheme Meeting, and all relevant conditions are satisfied or waived, De Grey will apply to the Federal Court for orders approving the Scheme.