InvestSMART

Mac Copper Limited (ASX:MAC)

ALERT: Price-sensitive ASX Announcement for MAC
Current share price for MAC : $18.520 -0.04 (-0.22%)+
Announcement
Release
10 Oct 2025 8:20AM
Price at Release
$18.560
Full Release
download
Summary
MAC Copper Limited has received court approval for a scheme with Harmony Gold, under which Harmony Gold will acquire all issued shares of MAC. The scheme, under Jersey law, is set to become effective on 10 October 2025, leading to the suspension of trading of MAC CDIs on the ASX and MAC shares on the NYSE. The delisting process will continue into late October, with final consideration payments scheduled for the end of the month.
Key Points
  • MAC Copper Limited announces court sanctions for a scheme with Harmony Gold.
  • The Royal Court of Jersey has approved Harmony Gold's acquisition of 100% of MAC's issued share capital.
  • The scheme involves a Jersey law arrangement under Article 125 of the Companies (Jersey) Law 1991.
  • MAC will lodge Court orders with the Jersey Registrar of Companies to make the scheme effective on 10 October 2025.
  • Trading of MAC CDIs on the ASX and MAC Shares on the NYSE will be suspended post the scheme's effectiveness.
  • Key dates include suspension on 13 October 2025 for ASX and delisting from NYSE on 24 October 2025.
  • Consideration payment dates are scheduled for late October 2025.
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.