SPR.ASX: Court Approves Scheme

Court Approves Scheme

Stock	Spartan Resources Ltd (SPR.ASX)
Release Time	21 Jul 2025, 1:26 p.m.
Price Sensitive	Yes

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Court Approves Scheme for Spartan Resources

Key Points

Court approves scheme of arrangement for Ramelius Resources to acquire Spartan Resources
Spartan shareholders to receive $0.25 cash and 0.6957 new Ramelius shares per Spartan share
Scheme expected to be implemented on 31 July 2025

Full Summary

Spartan Resources Limited (ASX: SPR) has announced that the Supreme Court of Western Australia has approved the scheme of arrangement for Ramelius Resources Limited (ASX: RMS) to acquire all of the issued shares of Spartan. Under the terms of the scheme, Spartan shareholders will receive $0.25 cash and 0.6957 new Ramelius shares per Spartan share. The scheme is expected to be implemented on 31 July 2025, with Spartan shares to be suspended from trading on the ASX after the close of trading on 22 July 2025. Spartan shareholders registered on the Spartan share register on the Scheme Record Date of 24 July 2025 will be entitled to receive the scheme consideration. The company has provided an indicative timetable for the remaining key dates related to the scheme implementation.