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.
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