Latest Australian Securities News

Noumi has secured court approval to put Arrovest’s proposed takeover and option cancellation schemes to shareholders and optionholders. The next significant disclosure is the scheme booklet, including the independent expert’s report.

The Supreme Court of New South Wales has approved the shareholder meeting for I Squared Capital’s proposed acquisition of oOh!media at $1.68 per share. An independent expert says the offer falls within its assessed valuation range, but shareholders must still approve the scheme before completion.

Netwealth says two subsidiaries have been served with a class action linked to First Guardian investment options offered through its superannuation master fund. The claim follows a $101 million compensation program completed in January, but the announcement does not disclose the new action’s potential cost.

First Sentier Active Cash Fund reported a 56.9% rise in operating profit to $29.1 million for the year ended 30 June 2026, while net assets nearly doubled to $964.1 million. The fund also began trading on the ASX as FSCF during the year, but distributions per unit fell to 4.10 cents from 4.41 cents.

Avantis Emerging Markets Equity Active ETF delivered a A$2.001 million audited profit in its first reporting period, with A$14.598 million in net assets at 30 June 2026. Its 20.29% return was positive, but fell 3.03 percentage points short of the MSCI Emerging Markets IMI Index.

The Progress 2021-1 Trust’s A$920 million Class A Floating Rate Notes were suspended from ASX trading after being redeemed, with the Trust set for removal from the official list.

oOh!media and I Squared Capital have revised the definition of 'Superior Proposal' in their takeover agreement, setting a 3% premium threshold for competing bids within a four-week window from the scheme date.

European Lithium has lodged the Scheme Booklet with ASIC for its proposed merger with Critical Metals Corp, advancing the regulatory process with a court hearing scheduled for mid-September.

Almonty Industries will voluntarily delist from the ASX by September 1, 2026, consolidating its trading on Nasdaq and Frankfurt amid strategic shifts in its market presence.

Loyal Metals Limited’s acquisition by PT Bumi Resources TBK has reached a key milestone with court approval now official, triggering suspension of Loyal shares on the ASX and setting the stage for scheme consideration payments in early September.

The Takeovers Panel has opted not to pursue proceedings over allegations of undisclosed share ownership and associations in GWR Group, referring unresolved concerns to ASIC for further scrutiny.

Loyal Metals has secured court approval for its acquisition by PT Bumi Resources, setting the stage for trading suspension and scheme implementation in early September.