PEX.ASX: Court approves Scheme of Arrangement

Court approves Scheme of Arrangement

Stock	Peel Mining Ltd (PEX.ASX)
Release Time	19 Jun 2026, 10:20 a.m.
Price Sensitive	Yes

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Peel Mining Ltd Court Approves Acquisition by Aeris Resources

Key Points

Supreme Court of New South Wales approved the scheme of arrangement
Aeris Resources to acquire 100% of Peel Mining Ltd shares
Peel Shares to be suspended from ASX on 22 June 2026
Demerger Distribution expected on 30 June 2026
Scheme Consideration to be provided on 1 July 2026

Full Summary

Peel Mining Limited (ASX: PEX) is pleased to announce that the Supreme Court of New South Wales has approved the scheme of arrangement, enabling Aeris Resources Limited (ASX: AIS) to acquire 100% of Peel's issued shares. Peel intends to lodge the Court's orders with ASIC on 22 June 2026, leading to the suspension of Peel Shares from the ASX. Shareholders registered as of 7:00pm (Sydney time) on 24 June 2026 will receive the Scheme Consideration and Demerger Distribution. The Demerger Distribution is expected on 30 June 2026, and the Scheme Consideration on 1 July 2026. For further details, refer to the Scheme Booklet available on Peel's website.

Outlook

Peel Mining Ltd expects the transaction to finalize on 1 July 2026, with the Demerger Distribution occurring on 30 June 2026.