Latest Shareholder Acceptance News

Hammer Metals’ proposed acquisition by Austral Resources has cleared its first court stage, with ASIC registering the scheme booklet and an independent expert backing the scrip deal. Shareholders now face linked votes on the takeover and the demerger of Western Australian gold assets into an unlisted company.

oOh!media’s $1.68-per-share takeover by I Squared Capital has cleared another formal milestone, with the scheme booklet now registered by ASIC. The independent expert considers the offer fair and reasonable, but shareholders must still vote before the proposed 26 November implementation.

Comvita shareholders will vote on a contested-looking board agenda featuring five director elections, three proposed removals and a 39.3% increase in total director remuneration. The proxy form provides no explanation for the removals, leaving the 28 October meeting as the key test of shareholder support.

Jameson Resources has pushed back the results of its retail entitlement offer by two business days after receiving strong acceptances, including Top-Up Facility applications. The delay affects allocation and settlement timing, not the offer’s closing date, which was 18 September.

Frasers Group has given shareholders four more months to accept its on-market takeover offer for Accent Group, extending the deadline to 29 January 2027. The offer price and all other terms remain unchanged.

The Takeovers Panel has renewed interim orders that halt Forrestania Resources from advancing its takeover bid for Zenith Minerals without approval, including an extension of the bid deadline to 14 September 2026.

An application to the Takeovers Panel challenges the integrity of A2MP's takeover bid for Canyon Resources, citing misleading statements and undisclosed shareholder dealings amid project financing uncertainty.

Zuleika Gold recommends shareholders accept CZR Resources’ off-market takeover offer, which values Zuleika’s mineral assets at a preferred $6.1 million. The independent expert deems the offer not fair but reasonable.

CZR Resources Ltd (ASX:CZR) has launched an all-scrip off-market takeover bid for Zuleika Gold Limited (ASX:ZAG), offering 0.1742 CZR shares per Zuleika share, valuing Zuleika at approximately $44.8 million and representing a premium of over 40% to recent prices.

Zenith Minerals and Forrestania Resources have amended their takeover implementation deed, updating key terms including offer conditions, board changes, and break fees as Forrestania pursues control.

A2MP Investments FZCO has kicked off an off-market takeover offer for the remaining 44.44% of Canyon Resources shares it does not already control, valuing the company at about A$103 million equity and A$188 million enterprise value. The bid comes amid deteriorating project economics and funding challenges for Canyon's Minim Martap Bauxite Project.

Sena & Co, already holding 75.9% of 2 Cheap Cars, proposes a full takeover at NZ$0.80 per share, aiming to delist the company and compulsorily acquire remaining shares.