Peel Mining Ltd Completes Acquisition by Aeris Resources
Key points
- Acquisition of 100% of Peel shares by Aeris completed
- Peel shareholders received 0.3363 Aeris Shares for each Peel share
- Peel to be delisted from ASX by 2 July 2026
- Foreign and non-electing small shareholders to receive proceeds from Aeris shares sale
Full summary
Peel Mining Limited (ASX: PEX) has successfully implemented the scheme of arrangement to effect the acquisition of 100% of its shares by Aeris Resources Limited (ASX: AIS). The consideration for Peel shareholders was 0.3363 Aeris Shares for every Peel share held at the Record Date of 24 June 2026. Ineligible foreign shareholders and non-electing small shareholders will have their Aeris shares sold by a sale agent, with the proceeds remitted to them. Peel will be delisted from the ASX at the close of trade on 2 July 2026 or as soon as practicable thereafter.
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