Peel Mining Shareholders Approve Scheme and Demerger
Key points
- 99.99% of Peel shareholders voted in favor of the Scheme
- 99.99% of Peel shareholders voted in favor of the Demerger
- Next step is Supreme Court approval on 19 June 2026
Full summary
Peel Mining Limited (ASX: PEX) announced that its shareholders have overwhelmingly voted in favor of the proposed scheme of arrangement and the demerger of Spectre Metals Limited. The scheme resolution was passed by 99.99% of Peel shareholders, and the demerger resolution was passed by 99.99% of the votes cast. The scheme is now subject to the approval of the Supreme Court of New South Wales at a hearing scheduled for 19 June 2026. If approved, the scheme and demerger will proceed, with key dates including the scheme effective date on 22 June 2026 and the demerger implementation date on 30 June 2026.
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