NST.ASX: Court approves Scheme

Court approves Scheme

Stock	Northern Star Resources Ltd (NST.ASX)
Release Time	22 Apr 2025, 2:19 p.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

Court approves acquisition of De Grey by Northern Star

Key Points

Federal Court approves scheme of arrangement for Northern Star to acquire 100% of De Grey
De Grey shares to be suspended from trading on 23 April 2025
Scheme implementation targeted for 5 May 2025

Full Summary

De Grey Mining Ltd (ASX:DEG) has announced that the Federal Court of Australia (Western Australia registry) has made orders approving the proposed acquisition of 100% of the shares in De Grey by Northern Star Resources Ltd (ASX:NST) via a scheme of arrangement under the Corporations Act. The company intends to lodge a copy of the Court's orders with ASIC on 23 April 2025, at which time the scheme will become legally effective. De Grey shares will be suspended from trading on the ASX with effect from the close of trading on 23 April 2025. The remaining key dates for the scheme implementation include the Opt-In Notice Cut-Off Date on 24 April 2025, the Scheme Record Date on 28 April 2025, and the Implementation Date on 5 May 2025. The new Northern Star shares are expected to commence trading on the ASX on a normal (T+2) settlement basis on 6 May 2025, and De Grey will be delisted from the ASX on the same date.