Schemes Become Effective

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Stock African Gold Ltd (A1G.ASX)
Release Time 20 Apr 2026, 3:29 p.m.
Price Sensitive Yes
 African Gold Schemes Become Effective
Key Points
  • African Gold's Share Scheme and Option Scheme approved by Supreme Court
  • African Gold shares to be suspended from ASX trading today
  • Key dates for implementation of the schemes outlined
Full Summary

African Gold Ltd (ASX:A1G) has announced that the orders made by the Supreme Court of Western Australia on 17 April 2026 approving the Share Scheme and Option Scheme have been lodged with ASIC, making the schemes effective. Capitalised terms used in the announcement have the meaning given to them in the Scheme Booklet released to the ASX on 6 March 2026. African Gold shares will be suspended from quotation on the ASX with effect from the close of normal trading on 20 April 2026. The key remaining dates expected for the schemes are: Record Date of 22 April 2026 for determining entitlements to Scheme Consideration, and the Implementation Date of 29 April 2026 when Scheme Shares will be transferred to Montage and Share Scheme Consideration issued to eligible Scheme Shareholders, and Scheme Options cancelled with Option Scheme Consideration issued to Scheme Optionholders. The announcement also includes important information for US investors regarding the schemes.