Latest Scheme Of Arrangement News

The Supreme Court of New South Wales has approved the scheme of arrangement for Rubik Australia to acquire Qube Holdings, setting the stage for trading suspension and ownership transfer.

Austral Resources Australia Ltd has tabled a non-binding proposal to acquire Hammer Metals Ltd at A$0.087 per share, outbidding Larvotto Resources and aiming to bolster its Rocklands copper operations with a substantial new feed source.

Hammer Metals has received a non-binding proposal from Austral Resources to acquire 100% of its shares via a scheme, coupled with a demerger of its WA gold assets into a separate entity valued at 8.7 cents per share.

A significant shareholder bloc opposing Floorscape's acquisition has forced Bremworth to abandon its Scheme of Arrangement, leaving the flooring manufacturer to pursue standalone growth amid tough market conditions.

Genesis Minerals has tabled a binding A$5.6 billion merger proposal for Vault Minerals, offering a mix of shares and cash that values Vault at a premium to a rival bid. The combined entity would dominate the Leonora-Laverton gold district with significant operational synergies and a strong balance sheet.

Genesis Minerals has tabled a binding offer to acquire Vault Minerals for approximately $5.6 billion, outbidding a prior scheme with Regis Resources and triggering a five-day matching period.

Pan African Resources has completed the issuance of over 102 million new shares to Emmerson shareholders, marking the formal close of its acquisition via a scheme of arrangement.

Pan African Resources has completed its acquisition of Emmerson Resources through a Court-approved scheme, with Emmerson shares now transferred and shareholders issued Pan African CDIs. Emmerson will be delisted from the ASX on 2 July 2026.

Aeris Resources has completed its acquisition of Peel Mining through a scheme of arrangement, issuing new shares to Peel shareholders and setting the stage for an expanded Tritton copper operation.

Aeris Resources has finalized its acquisition of Peel Mining via a scheme of arrangement, issuing 0.3363 Aeris shares for each Peel share and preparing Peel for delisting from the ASX.

The New Zealand Commerce Commission has approved Floorscape's acquisition of Bremworth, but delays have pushed the deal close to its deadline, prompting ongoing talks to extend the scheme implementation agreement.

Peel Mining has distributed all shares in Spectre Metals to its shareholders, marking the completion of the demerger. This comes just before Aeris Resources is set to acquire Peel in a scheme of arrangement.