SPR.ASX: Results of Scheme Meeting

Results of Scheme Meeting

Stock	Spartan Resources Ltd (SPR.ASX)
Release Time	11 Jul 2025, 2:34 p.m.
Price Sensitive	Yes

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Spartan Resources Shareholders Approve Scheme of Arrangement

Key Points

90.3% of eligible Spartan shareholders voted in favor of the Scheme Resolution
96.3% of votes cast were in favor of the Scheme Resolution
Spartan has applied for Court approval of the Scheme, with a hearing scheduled for July 21, 2025

Full Summary

Spartan Resources Ltd (ASX: SPR) has announced the results of the Scheme Meeting held earlier today, where Spartan shareholders voted to approve the proposed acquisition of the company by Ramelius Resources Limited (ASX: RMS). The resolution to approve the Scheme was passed by the requisite majorities, with 90.3% of eligible Spartan shareholders present and voting in favor, and 96.3% of the votes cast being in favor of the Scheme Resolution. Spartan has now applied to the Supreme Court of Western Australia for approval of the Scheme at a hearing scheduled for July 21, 2025. If the Court approves the Scheme, Spartan intends to lodge the court orders with ASIC on July 22, 2025, at which time the Scheme will become effective. Spartan shares are expected to be suspended from trading on the ASX on the same day, and the Scheme is expected to be implemented on July 31, 2025, with Spartan shareholders receiving the Scheme consideration of $0.25 cash and 0.6957 new Ramelius shares per Spartan share.