Court Approval of Schemes

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Stock Pilbara Minerals Ltd (PLS.ASX)
Release Time 21 Jan 2025, 3:35 p.m.
Price Sensitive Yes
 Latin Resources Receives Court Approval for Pilbara Minerals Acquisition
Key Points
  • Court approves Latin Resources acquisition by Pilbara Minerals
  • Schemes to become legally effective on 22 January 2025
  • Latin Resources shares to be suspended from trading on 22 January 2025
Full Summary

Latin Resources Limited (ASX: LRS) has announced that the Supreme Court of Western Australia has made orders approving the proposed acquisition of Latin Resources by Pilbara Minerals Limited (ASX: PLS) through a share scheme of arrangement and an option scheme of arrangement (Schemes). Latin Resources expects to lodge an office copy of the Court orders with ASIC on 22 January 2025, at which time the Schemes will become legally effective. Latin Resources will also request that the quotation of Latin Resources Shares on the ASX be suspended from close of trading on 22 January 2025. The remaining key dates of the Share Scheme, Option Scheme and Demerger are set out, including the effective date, last day of trading, record dates, and implementation dates. All dates are indicative and any changes will be announced through ASX and notified on the Latin Resources website. Latin Resources has also provided contact details for shareholders with any questions regarding the Schemes or the Scheme Booklet.