Loyal Metals Ltd Scheme of Arrangement Implementation
Key points
- Loyal Metals Ltd has implemented the scheme of arrangement
- PT Bumi Resources TBK will acquire 100% of Loyal shares
- Payment of scheme consideration completed for eligible shareholders
- Delisting from ASX expected on 7 September 2026
Full summary
Loyal Metals Limited (ASX:LLM) has successfully implemented the scheme of arrangement, as previously announced on 24 August and 25 August 2026. Under this scheme, PT Bumi Resources TBK, via its wholly owned subsidiary Bumi Resources Australia Pty Ltd, will acquire all issued shares in Loyal. Shareholders who held Loyal shares as of 28 August 2026 have received the scheme consideration. Trading in Loyal shares on the Australian Securities Exchange was suspended on 25 August 2026, and Loyal will apply for delisting, effective 7 September 2026. Steinepreis Paganin acted as legal advisor, and Canaccord Genuity served as financial advisor for the transaction.
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