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Loyal Metals Ltd (ASX:LLM)

ALERT: Price-sensitive ASX Announcement for LLM
Current share price for LLM : $0.430 0.105 (32.31%)+
Announcement
Release
27 Apr 2026 8:29AM
Price at Release
$0.325
Full Release
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Summary
Loyal Metals Ltd has entered into a Scheme Implementation Deed with PT Bumi Resources Tbk and Bumi Resources Australia Pty Ltd. This agreement outlines an all-cash transaction where Bumi Resources will acquire all issued shares of Loyal Metals. The document details the conditions precedent to the scheme, the obligations of both parties, and the financial arrangements including break fees. The deed includes provisions for the conduct of business, regulatory approvals, and the removal of Loyal Metals from the ASX list. The capital structure and schedule of Loyal Metals' tenements are also outlined.
Key Points
  • Scheme Implementation Deed between Loyal Metals Ltd and Bumi Resources
  • All-cash transaction with conditions precedent
  • Obligations of parties detailed in the agreement
  • Break fee and reverse break fee provisions
  • Conduct of business and regulatory approvals
  • Removal of Loyal Metals from ASX list
  • Capital structure and tenements of Loyal Metals outlined
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.