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Aeris Resources Limited (ASX:AIS)

ALERT: Price-sensitive ASX Announcement for AIS
Current share price for AIS : $0.410 -0.003 (-0.61%)+
Announcement
Release
19 Jun 2026 10:20AM
Price at Release
$0.413
Full Release
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Summary
Peel Mining Limited announced that the Supreme Court of New South Wales has approved a scheme of arrangement for Aeris Resources Limited to acquire all issued shares of Peel Mining. The scheme will become legally effective upon registration with the Australian Securities and Investments Commission, after which Peel's shares will be suspended from trading on the ASX. Key dates include the Scheme Implementation Date on 1 July 2026 for the provision of Scheme Consideration, and the Demerger Implementation Date on 30 June 2026 for the transfer of Spectre Shares.
Key Points
  • Supreme Court of New South Wales approved the scheme of arrangement.
  • Aeris Resources Limited to acquire 100% of Peel Mining Limited shares.
  • Scheme becomes legally effective upon lodging with ASIC.
  • Peel Mining shares to be suspended from trading on ASX.
  • Scheme Consideration provided to participants on 1 July 2026.
  • Demerger Distribution of Spectre Shares expected on 30 June 2026.
  • Key dates for implementation outlined in the announcement.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.