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Emmerson Resources Limited (ASX:ERM)

ALERT: Price-sensitive ASX Announcement for ERM
Current share price for ERM : $0.305 0.005 (1.67%)+
Announcement
Release
22 Jun 2026 10:46AM
Price at Release
$0.300
Full Release
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Summary
Emmerson Resources Limited (ASX: ERM) announced that the acquisition by Pan African Resources plc, through its subsidiary Tennant Consolidated Mining Group Pty Ltd, has been approved by the Supreme Court of Western Australia and is now legally effective. Consequently, trading of Emmerson Shares on the ASX is to be suspended. Under the Scheme, eligible Emmerson shareholders will receive 0.1493 New Pan African CDIs for each share held, with the implementation expected on 1 July 2026. Ineligible foreign shareholders and those holding small parcels will have their shares sold via a Sale Facility, with proceeds remitted accordingly.
Key Points
  • Emmerson Resources Limited's acquisition by Pan African Resources plc is approved.
  • The Scheme was sanctioned by the Supreme Court of Western Australia.
  • Suspension of Emmerson Shares from ASX trading is announced.
  • Scheme Consideration involves New Pan African CDIs for eligible shareholders.
  • Implementation of the Scheme Consideration is expected by 1 July 2026.
  • Ineligible shareholders' shares will be sold through a Sale Facility.
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.