Results of Scheme Meeting
| Stock | Northern Star Resources Ltd (NST.ASX) |
|---|---|
| Release Time | 16 Apr 2025, 5:58 p.m. |
| Price Sensitive | Yes |
De Grey Mining Shareholders Approve Scheme of Arrangement
- 99.64% of votes cast by De Grey shareholders in favour of the Scheme
- 89.68% of De Grey shareholders present and voting voted in favour
- Scheme to be approved by the Federal Court on 22 April 2025
De Grey Mining Ltd (ASX:DEG) has announced that the requisite majorities of its shareholders have voted in favour of the proposed acquisition of the company by Northern Star Resources Ltd (ASX:NST) through a Court-approved Scheme of Arrangement. At the Scheme Meeting held on 16 April 2025, 99.64% of the votes cast by De Grey shareholders were in favour of the Scheme, and 89.68% of De Grey shareholders present and voting (in person, online or by proxy) voted in favour. De Grey will now seek approval of the Scheme from the Federal Court of Australia (Western Australia registry) at the Second Court Hearing scheduled for 22 April 2025. If the Court approves the Scheme, De Grey intends to lodge the Court orders with ASIC on 23 April 2025, making the Scheme Effective on that date. De Grey Shares will then be suspended from trading on the ASX, with implementation of the Scheme expected to occur on 5 May 2025, subject to the satisfaction or waiver of the remaining conditions precedent.