AIS.ASX: Court approves Scheme of Arrangement

Court approves Scheme of Arrangement

Stock	Aeris Resources Ltd (AIS.ASX)
Release Time	19 Jun 2026, 10:20 a.m.
Price Sensitive	Yes

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Court Approves Peel Mining Acquisition by Aeris Resources

Key Points

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

Full Summary

Peel Mining Limited (ASX: PEX) announced that the Supreme Court of New South Wales has approved the scheme of arrangement, allowing Aeris Resources Limited (ASX: AIS) to acquire 100% of Peel Mining. Peel intends to lodge the Court's orders with ASIC, making the Scheme legally effective. Peel shares will be suspended from the ASX from the close of trading on 22 June 2026. Peel 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 information, refer to the Scheme Booklet.

Outlook

Peel Mining anticipates completing the acquisition by Aeris Resources, with the Scheme Implementation Date set for 1 July 2026.