Emmerson Resources: Court Approves Acquisition Scheme
Key points
- Emmerson Resources announces court approval for acquisition scheme
- Scheme to be legally effective on June 22, 2026
- Emmerson shares to be suspended from trading on June 22, 2026
- New Pan African CDIs to start trading on June 23, 2026
Full summary
Emmerson Resources Limited (ASX: ERM) has received approval from the Supreme Court of Western Australia for the proposed acquisition of 100% of its shares by Pan African Resources plc via a Court-approved scheme of arrangement. The scheme is set to become legally effective on June 22, 2026, following the lodgement of the court's orders with ASIC. Emmerson shares will be suspended from trading on the ASX effective from the close of trading on June 22, 2026. Trading in new Pan African Convertible Debenture Instruments (CDIs) will commence on June 23, 2026 on a deferred settlement basis.
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