Winsome Shareholders Receive Li-FT Securities as Acquisition Finalises

Acquisition Finalised and Shares Transferred

Li-FT Power Ltd (TSXV: LIFT) has completed its acquisition of Winsome Resources Limited (ASX:WR1) via a scheme of arrangement, officially transferring all Winsome shares and options to Li-FT. Under the terms, Winsome shareholders received 0.107 of a new Li-FT CDI quoted on the ASX or an equivalent fraction of Li-FT shares listed on the TSXV for each Winsome share held. Optionholders were issued fractional Li-FT securities based on their option tranche, though the exact fractions vary and are detailed in the original scheme documentation.

The transaction marks a significant milestone for Li-FT’s expansion in the renewable energy and battery materials sector, consolidating Winsome’s assets under its ownership. This follows the Supreme Court of Western Australia’s approval and the suspension of Winsome’s ASX trading on 12 May 2026, paving the way for this implementation stage legal effectiveness triggered.

Delisting and Transition to Li-FT Securities

Winsome Resources will be officially delisted from the ASX at the close of trade on 22 May 2026, with Li-FT’s new CDIs commencing trading on the ASX the following day, 26 May. For shareholders who elected to receive Li-FT shares instead, these will begin trading on the TSXV on the same date. The transition includes the dispatch of holding statements and share certificates between 22 and 25 May, ensuring holders have formal documentation of their new securities.

Ineligible foreign holders and non-electing small shareholders will be compensated through a Sale Facility, receiving a pro rata share of net proceeds instead of Li-FT securities. This mechanism safeguards minority shareholders who cannot participate directly in the scheme.

Shareholder Support and Court Approval Journey

The acquisition process was underpinned by strong shareholder backing, with 97% approval for the Share Scheme and unanimous support for the Option Scheme in early May. These votes cleared the way for the Supreme Court’s final approval on 11 May, which was a critical hurdle before implementation. The court’s endorsement confirmed the legality and fairness of the arrangement, allowing the transaction to proceed without opposition from shareholders or regulators court approval finalises acquisition.

With the scheme now implemented, Li-FT Power consolidates its position in the battery materials space, inheriting Winsome’s assets and strategic potential. The smooth transition reflects careful planning and execution by both companies’ management teams.