GMD.ASX: Lodgement of Draft Scheme Booklet

Lodgement of Draft Scheme Booklet

Stock	Genesis Minerals Ltd (GMD.ASX)
Release Time	13 Apr 2026, 8:21 a.m.
Price Sensitive	Yes

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Magnetic Resources NL Lodges Draft Scheme Booklet

Key Points

Independent expert's report obtained for proposed scheme of arrangement
Draft scheme booklet lodged with ASIC and ASX for review
Scheme meeting expected in early May 2026

Full Summary

Magnetic Resources NL (ASX:MAU) has announced the lodgement of a draft scheme booklet with the Australian Securities and Investments Commission (ASIC) and ASX, in relation to the proposed scheme of arrangement under which Genesis Minerals Limited (ASX:GMD) will acquire 100% of the shares in Magnetic. An independent expert's report has been obtained for the proposed scheme, and the draft scheme booklet, containing the report and draft notice of meeting, has been lodged for review. While a firm scheme timetable cannot be provided until after the first court hearing, Magnetic's current expectation is that the scheme booklet will be made available to shareholders in early May 2026. The Magnetic board continues to consider the scheme to be in the best interests of shareholders and recommends the scheme be approved, in the absence of a superior proposal and the independent expert concluding the scheme is in the best interests of shareholders.