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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 1:31PM
Price at Release
$0.300
Full Release
download
Summary
Emmerson Resources Limited has announced that its acquisition by Pan African Resources plc has been officially sanctioned by the Supreme Court of Western Australia, making the scheme of arrangement legally effective. As a result, Emmerson's shares will be suspended from trading on the ASX from 22 June 2026. Shareholders will receive the scheme consideration of 0.1493 New Pan African CDIs per share, with the scheme expected to be implemented by 1 July 2026. A sale facility is in place for shareholders who are ineligible to receive Pan African CDIs directly. Key dates related to the transition include the commencement of trading for Pan African CDIs on 23 June 2026 and the record date for determining entitlements on 24 June 2026.
Key Points
  • Emmerson Resources Limited has been acquired by Pan African Resources plc through a court-approved scheme of arrangement.
  • The scheme was approved by the Supreme Court of Western Australia and has become legally effective.
  • Trading of Emmerson shares on ASX will be suspended after 22 June 2026.
  • Scheme consideration involves Emmerson shareholders receiving 0.1493 New Pan African CDIs per Emmerson share.
  • The implementation of the scheme and issuance of consideration is expected by 1 July 2026.
  • A sale facility is established for ineligible foreign shareholders and small parcel shareholders.
  • Key dates include trading commencing for Pan African CDIs on 23 June 2026 and record date on 24 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.