Latest Scheme Of Arrangement News

Platinum Asia Investments shareholders have decisively approved a scheme to restructure the company by swapping their shares for units in a new ETF, moving the firm closer to a significant transformation pending court approval.

Platinum Asia Investments Limited secured overwhelming shareholder approval for its Scheme of Arrangement, with nearly 98.5% voting in favor at the recent meeting.

Platinum Asia Investments Limited (PAI) held a pivotal Scheme Meeting seeking shareholder approval to restructure by exchanging shares for units in the Platinum Asia Fund Complex ETF (PAXX), accompanied by a special dividend payment. The outcome will reshape PAI’s investment management and ownership structure.

Platinum Capital Limited has withdrawn its proposed scheme of arrangement due to insufficient shareholder support and is now seeking approval for an on-market buy-back of up to 50% of its shares, aiming to enhance liquidity for investors.

Platinum Asia Investments has released detailed examples illustrating how its upcoming special dividend and share-for-unit exchange will be calculated as part of a major restructure scheduled for late August.

Envirosuite Limited’s shares will be suspended from ASX trading following Federal Court approval of its acquisition by Ideagen EVS BidCo Pty Limited. This marks a pivotal step in the environmental software company’s transition under new ownership.

Peak Rare Earths Limited shareholders are set to vote on a scheme of arrangement proposing acquisition by Shenghe Resources (Singapore) Pte. Ltd., valuing Peak at approximately A$158 million and offering a substantial premium over recent trading prices.

Envirosuite Limited’s acquisition by Ideagen Limited has received Federal Court approval, making the scheme legally effective and triggering imminent suspension of Envirosuite shares on the ASX.

MAC Copper has secured a crucial regulatory green light from the South African Reserve Bank, advancing Harmony Gold’s proposed acquisition. Shareholders are now gearing up to vote on the deal at meetings scheduled for late August.

Donaco International Limited’s shares have been suspended from trading on the ASX following court approval of its acquisition by On Nut Road Limited. This marks a significant step in the company’s transition under new ownership.

Platinum Capital Limited has formally cancelled its planned scheme meeting following the withdrawal of a proposed restructure, yet the scheduled general meeting will proceed as planned on 12 August 2025.

Renergen Limited confirms all conditions for its acquisition scheme with ASP Isotopes Inc. have been met or waived, while outlining a contentious cash settlement for Share Appreciation Rights holders.