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Cygnus Metals Limited (ASX:CY5)

ALERT: Price-sensitive ASX Announcement for CY5
Current share price for CY5 : $0.170 0.02 (13.33%)+
Announcement
Release
13 Aug 2026 3:54PM
Price at Release
$0.150
Full Release
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Summary
Cygnus Metals Limited announced the results of the first court hearing regarding a proposed scheme of arrangement with Central Asia Metals PLC, where Cygnus will be acquired. The Supreme Court of Western Australia has approved the dispatch of a Scheme Booklet and the convening of a Scheme Meeting for shareholders to vote on the arrangement. The directors of Cygnus recommend that shareholders vote in favor of the scheme, which is scheduled for the 18th of September, 2026. If approved, a second court hearing will be held to finalize the arrangement, contingent upon compliance with the required conditions. The Scheme Booklet provides detailed information on the proposal and is expected to be available on the company’s website by the 20th of August, 2026.
Key Points
  • Cygnus Metals Limited approved a scheme of arrangement with Central Asia Metals PLC.
  • The Supreme Court of Western Australia approved the convening of a Scheme Meeting.
  • Scheme Booklet to be dispatched to shareholders on or around 20 August 2026.
  • Scheme Meeting scheduled for 18 September 2026 in Perth, WA.
  • Cygnus directors recommend shareholders vote in favor of the Scheme.
  • Second Court Hearing to approve the Scheme if all conditions are met.
  • Implementation of the Scheme depends on Court approval and satisfaction of conditions.
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.