Latest Shareholder Control News

Loyal Metals Ltd has entered a binding scheme implementation deed with Indonesia’s PT Bumi Resources Tbk to sell all shares for A$0.45 each, valuing the company at approximately A$79.1 million. The transaction offers shareholders an immediate cash premium of over 40% and is supported by Loyal’s board and major shareholders.

The Australian Treasurer has issued interim directions preventing Hong Kong Ying Tak Limited from transferring or voting over 361 million shares in Northern Minerals, amid suspected breaches of foreign investment disposal orders. Northern Minerals is cooperating with regulators while focusing on its rare earths project.

Shriro Holdings Limited has announced a $15 million off-market share buy-back at $0.81 per share, representing nearly 26% of its issued capital. The move aims to return excess capital to shareholders while supporting the company’s capital-light growth model.

AuMEGA Metals has successfully closed the first tranche of its upsized private placement, raising over C$5 million to advance its exploration projects in Newfoundland. A second tranche awaits shareholder approval, potentially boosting the company’s capital base further.

The Takeovers Panel has declared unacceptable circumstances in Identitii Limited's recent rights issue, ordering supplementary disclosure and a reopening of the offer to protect shareholder interests and market integrity.

CONNEQT Health has raised $3.1 million through an institutional placement to fuel growth of its Pulse vascular health device, supported by both new and existing investors including its largest shareholder.

Champion Iron Limited has announced a conditional cash tender offer to acquire Norwegian iron ore producer Rana Gruber for approximately US$289 million, backed by key financial partners La Caisse and Scotiabank. The deal aims to expand Champion’s high-grade iron ore portfolio and strengthen its position in the green steel supply chain.

Rent.com.au has locked in up to $5.5 million in growth capital by underwriting the exercise of its remaining listed options, positioning the company for accelerated profitability and expansion of its RentBond® loan book.

Jatcorp Limited has announced a fully underwritten 1-for-3 entitlement offer to raise approximately $4.2 million, aiming to bolster working capital and accelerate market expansion under a new strategy.

Tinybeans Group launches a partially underwritten entitlement offer to fund the integration of its recent acquisition Qeepsake, aiming to boost product innovation and subscriber growth.

Platinum Capital Limited has secured an ASX waiver to extend the initial term of its new investment management agreement with L1 Capital to 10 years, pending shareholder approval at the upcoming AGM.

Hawthorn Resources has completed an 8000m drilling program at its Anglo Saxon gold project, with assay results due soon to inform a new pit optimisation study. Meanwhile, the company benefits from a 1% royalty on the Mt Bevan magnetite project as JV partners progress development plans.