PEX.ASX: Scheme of Arrangement becomes legally effective

Scheme of Arrangement becomes legally effective

Stock	Peel Mining Ltd (PEX.ASX)
Release Time	22 Jun 2026, 11:01 a.m.
Price Sensitive	Yes

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Peel Mining Ltd Scheme of Arrangement Becomes Legally Effective

Key Points

Peel Mining Ltd's Scheme of Arrangement is now legally effective.
Supreme Court of NSW approved the scheme.
Peel shares expected to be suspended from ASX on 22 June 2026.

Full Summary

Peel Mining Ltd (ASX: PEX) has confirmed that the scheme of arrangement for Aeris Resources Ltd (ASX: AIS) to acquire 100% of Peel shares is now legally effective. The Supreme Court of New South Wales approved the scheme, and an office copy of the Court orders has been lodged with ASIC. Peel shares are expected to be suspended from the ASX at the close of trading on 22 June 2026. Shareholders as of 7.00pm (Sydney time) on the Scheme Record Date of 24 June 2026 will receive the Scheme Consideration upon implementation, expected on 1 July 2026.

Guidance

Peel shares expected to be suspended on 22 June 2026; Scheme Consideration on 1 July 2026

Outlook

Peel Mining Ltd anticipates the scheme will be implemented on 1 July 2026, with shareholders receiving the Scheme Consideration.