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Peel Mining Limited (ASX:PEX)

ALERT: Price-sensitive ASX Announcement for PEX
Current share price for PEX : $0.160 0 (0%)+
Announcement
Release
19 Jun 2026 10:20AM
Price at Release
$0.160
Full Release
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Summary
Peel Mining Limited announced that the Supreme Court of New South Wales has approved the scheme of arrangement under which Aeris Resources Limited will acquire 100% of Peel's issued shares. The approval sets key dates, including the scheme's effective date and the last day of trading for Peel shares on 22 June 2026. Shareholders will receive their scheme consideration on 1 July 2026, following the demerger implementation on 30 June 2026. Trading of Peel shares on the ASX will be suspended after 22 June 2026.
Key Points
  • Supreme Court of New South Wales approved the scheme of arrangement.
  • Aeris Resources Limited will acquire 100% of issued shares in Peel Mining Limited.
  • Scheme effective and last day of trading in Peel Shares on ASX is 22 June 2026.
  • Scheme Participants to receive Scheme Consideration on 1 July 2026.
  • Demerger Implementation Date set for 30 June 2026.
  • Quotation of Peel Shares to be suspended from close of trading on 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.