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Peel Mining Limited (ASX:PEX)

ALERT: Price-sensitive ASX Announcement for PEX
Current share price for PEX : $0.160 -0.005 (-3.03%)+
Announcement
Release
15 Jun 2026 1:05PM
Price at Release
$0.165
Full Release
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Summary
Peel Mining Limited announced that its shareholders overwhelmingly voted in favor of a scheme of arrangement and demerger. Under the scheme, Aeris Resources Limited will acquire all issued shares in Peel, and the demerger will see Spectre Metals Limited separated from Peel. Both the Scheme and Demerger resolutions received 99.99% approval from shareholders. The process is contingent upon the approval of the Supreme Court of New South Wales, with a court hearing scheduled for 19 June 2026. The Scheme, once effective, will result in the last trading day of Peel Shares on 22 June 2026.
Key Points
  • Peel shareholders voted 99.99% in favor of the Scheme Resolution.
  • Aeris Resources Limited will acquire 100% of Peel shares under the Scheme.
  • Spectre Metals Limited will be demerged from Peel.
  • Demerger Resolution passed with 99.99% of votes.
  • Scheme and Demerger are inter-conditional.
  • Supreme Court of New South Wales approval required for the Scheme.
  • Court hearing scheduled for 19 June 2026.
  • Scheme Effective Date set for 22 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.