Court approves Scheme
| Stock | De Grey Mining Ltd (DEG.ASX) |
|---|---|
| Release Time | 22 Apr 2025, 2:19 p.m. |
| Price Sensitive | Yes |
De Grey Mining Ltd announces court approval of acquisition scheme
- Federal Court approves proposed acquisition of De Grey by Northern Star Resources
- Scheme to become legally effective upon lodgement of court orders with ASIC
- Suspension of De Grey shares from ASX trading on 23 April 2025
De Grey Mining Ltd (ASX:DEG) has announced that the Federal Court of Australia (Western Australia registry) has approved 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 2001. The scheme was first announced on 11 March 2025. De Grey 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 include the Opt-In Notice Cut-Off Date on 24 April 2025, the Scheme Record Date on 28 April 2025, the Implementation Date on 5 May 2025, and the delisting of De Grey from the ASX on 6 May 2025.