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Emmerson Resources Limited (ASX:ERM)

ALERT: Price-sensitive ASX Announcement for ERM
Current share price for ERM : $0.305 -0.01 (-3.17%)+
Announcement
Release
15 Jun 2026 2:27PM
Price at Release
$0.315
Full Release
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Summary
Emmerson Resources Limited has announced the approval of a scheme of arrangement for the acquisition of 100% of its fully paid ordinary shares by Pan African Resources plc. The scheme was approved by Emmerson Shareholders, with 78.7% of those present voting in favour, and 90.81% of the total votes cast supporting the resolution. The next steps involve Emmerson applying to the Supreme Court of Western Australia for scheme approval, with an expected implementation date of 1 July 2026. Trading in Emmerson shares will be suspended from 22 June 2026.
Key Points
  • Emmerson Resources Limited announced the approval of a scheme of arrangement.
  • Pan African Resources plc to acquire 100% of Emmerson's fully paid ordinary shares.
  • Scheme approved by Emmerson Shareholders with 78.7% in favour at the Scheme Meeting.
  • 90.81% of total votes cast were in favour of the Scheme Resolution.
  • Next steps include applying for Court approval and implementation on 1 July 2026.
  • Trading in Emmerson shares to be suspended on 22 June 2026.
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.