ACAM Acquisition Scheme for Hartshead Set for May Completion
Hartshead Resources has updated the schedule for its proposed acquisition by ACAM GP Limited, with key shareholder and court dates set through May 2026. The revised timetable outlines the next steps in the scheme of arrangement process.
- Scheme Booklet and Independent Expert’s Report expected early April 2026
- First Court Hearing scheduled for late March 2026
- Shareholder Scheme Meeting planned for early May 2026
- Implementation of acquisition anticipated by late May 2026
- Timetable remains indicative and subject to change
Updated Timetable for Scheme of Arrangement
Hartshead Resources NL (ASX: HHR) has provided a revised indicative timetable for the proposed acquisition by ACAM GP Limited, which will see ACAM acquire 100% of Hartshead’s issued shares. This update follows the binding Scheme Implementation Deed announced in December 2025, marking a significant step in the company’s transition.
The updated schedule sets the First Court Hearing for late March 2026, a procedural milestone that will pave the way for the dispatch of the Scheme Booklet and the Independent Expert’s Report in early April. These documents are crucial for shareholders, offering detailed information and an independent assessment of the scheme’s merits.
Shareholder Engagement and Approvals
Shareholders will have the opportunity to vote on the scheme at the Scheme Meeting, anticipated in early May 2026. This meeting is a pivotal moment, as shareholder approval is required to proceed. Following this, a Second Court Hearing is scheduled for mid-May to confirm the scheme’s approval and set the Effective Date.
The timeline concludes with the Record Date and Implementation Date both occurring in mid to late May 2026, when the acquisition will be formally executed, and ownership transferred to ACAM GP Limited.
Implications and Next Steps
While the timetable is indicative and subject to change, it provides clarity on the process ahead for investors and market watchers. The involvement of BDO Corporate Finance Australia as the Independent Expert adds a layer of assurance regarding the fairness of the transaction.
Hartshead’s CEO Christopher Lewis and the board have authorised this update, signalling their commitment to transparency throughout the scheme process. Investors will be keenly awaiting the Scheme Booklet and expert report, which will offer deeper insights into the acquisition’s strategic rationale and valuation.
Bottom Line?
As the scheme progresses toward shareholder approval, market participants will watch closely for any shifts in timing or terms that could influence Hartshead’s future.
Questions in the middle?
- What will the Independent Expert’s Report conclude about the acquisition’s value?
- Could the timetable face further delays due to regulatory or shareholder concerns?
- How will the market react once the Scheme Booklet is released in April?
