Scheme becomes Effective
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| Stock | Emmerson Resources Ltd (ERM.ASX) |
|---|---|
| Release Time | 22 Jun 2026, 10:46 a.m. |
| Price Sensitive | Yes |
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Emmerson Resources: Acquisition Scheme Becomes Effective
Key Points
- Emmerson Resources Scheme of Arrangement approved by the Supreme Court of Western Australia
- Emmerson Shares to be suspended from trading on ASX from close of trading on 22 June 2026
- Emmerson Shareholders to receive 0.1493 New Pan African CDIs for each Emmerson Share held
- Scheme Consideration expected to be issued on 1 July 2026
Full Summary
Emmerson Resources Limited (ASX: ERM) has announced that the Court-approved scheme of arrangement for the acquisition of 100% of Emmerson by Pan African Resources plc (Pan African) has become effective. Emmerson has lodged the Court Orders with ASIC, and trading in Emmerson Shares will be suspended from ASX at the close of trading on 22 June 2026. Emmerson Shareholders will receive 0.1493 New Pan African CDIs for each Emmerson Share held at the Record Date, with the Scheme Consideration expected to be issued on 1 July 2026.
Outlook
Emmerson Resources anticipates the successful implementation of the acquisition scheme, with the Scheme Consideration to be issued on 1 July 2026.
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