Winsome Shares to Suspend Trading Following Court Approval of Acquisition

Court Approval Unlocks Lithium Takeover

Winsome Resources Limited (ASX:WR1) has reached a critical legal milestone with the Supreme Court of Western Australia granting approval for the acquisition of the company by Li-FT Power Ltd (TSXV: LIFT). This ruling greenlights the Share Scheme and Option Scheme, which collectively facilitate Li-FT’s takeover of 100% of Winsome’s fully paid ordinary shares and unlisted options.

The court’s endorsement means the schemes will become legally effective once Winsome lodges the court orders with the Australian Securities and Investments Commission (ASIC) on 12 May 2026. On that same day, Winsome shares are set to be suspended from trading on the ASX, marking the end of its independent market presence. This suspension precedes the expected delisting and eventual integration into Li-FT’s lithium-focused operations.

Shareholder Backing and Market Impact

Backing from Winsome’s shareholders and optionholders was overwhelmingly positive, with the Share Scheme resolution passing with 97% support and the Option Scheme approved unanimously. This strong endorsement paved the way for the court’s approval and reflects confidence in the strategic benefits of merging with Li-FT Power, which is focused on consolidating lithium assets across dual listings on the ASX and TSXV. The acquisition is a key step in reshaping lithium exploration and development in Western Australia, a region increasingly central to global battery supply chains.

Investors should note that the court approval follows the formal meetings held on 5 May 2026, where the schemes were put to a vote, and the subsequent hearing on 11 May 2026 where the court considered final approval. The transaction’s progress has been closely tracked by market participants given its potential to shift lithium sector dynamics. The trading suspension scheduled for 12 May will halt liquidity in Winsome shares, signaling the transition phase ahead of Li-FT Power’s full operational control.

Next Steps and Regulatory Filings

Following the court’s decision, the immediate focus turns to the lodgement of the court orders with ASIC, which will formalise the schemes’ legal effectiveness. Winsome has confirmed its intention to lodge these documents on 12 May 2026, at which point the acquisition will be irrevocably binding. Market watchers will be looking for official announcements regarding the delisting timeline and how Li-FT plans to integrate Winsome’s assets and operations.

For shareholders and optionholders still seeking clarity, Winsome has established an information line and encourages consultation with professional advisers. The acquisition represents a significant corporate transition, and understanding the implications for holdings and future prospects remains paramount.

This court approval caps a process that began with the dispatch of the Scheme Booklet in early April and the shareholder vote in early May, milestones that have been closely followed by the market given the strategic importance of lithium assets in Western Australia. The consolidation under Li-FT Power could influence the competitive landscape of lithium exploration and production in the region, with potential ramifications for investors and sector participants alike.