Toro Energy Ltd Announces Scheme Implementation
Key points
- Toro Energy Ltd scheme implemented
- Iso Australia Operations acquires 100% of Toro
- Eligible shareholders receive 0.036 IsoEnergy Shares per Toro Share
- Toro Shares suspended from ASX trading
- Delisting expected on 26 June 2026
Full summary
Toro Energy Ltd (ASX: TOE) has announced the successful implementation of the scheme of arrangement for the acquisition of 100% of its issued share capital by Iso Australia Operations Pty Ltd, a subsidiary of IsoEnergy Ltd. Eligible participating Toro shareholders have been issued 0.036 IsoEnergy Shares for each Toro Share they held on the record date. Ineligible foreign shareholders and non-electing small shareholders will have their shares sold by a sale agent. Toro shares were suspended from trading on the ASX on 16 June 2026, with delisting expected on 26 June 2026.
Outlook
Toro Energy Ltd expects to be delisted from the ASX on 26 June 2026 following the scheme implementation.
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