InvestSMART

Emmerson Resources Limited (ASX:ERM)

ALERT: Price-sensitive ASX Announcement for ERM
Current share price for ERM : $0.305 -0.005 (-1.61%)+
Announcement
Release
19 Jun 2026 1:14PM
Price at Release
$0.310
Full Release
download
Summary
Emmerson Resources Limited announced that the Supreme Court of Western Australia has approved the scheme of arrangement for the acquisition of 100% of its fully paid ordinary shares by Pan African Resources plc, through its subsidiary Tennant Consolidated Mining Group Pty Ltd. This court-approved scheme will become effective upon lodging the court's orders with the Australian Securities and Investments Commission on 22 June 2026. Following this, Emmerson shares will cease trading on the ASX. The schedule for implementing the scheme includes various key dates, such as the last date for trading Emmerson shares, the commencement of trading Pan African CDIs, and the issuance of the scheme consideration.
Key Points
  • Court approval for the scheme of arrangement.
  • Acquisition by Pan African Resources plc.
  • Effective date on 22 June 2026.
  • Emmerson shares to cease trading on ASX.
  • Key dates for scheme implementation provided.
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.