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Rey Resources Limited (ASX:REY)

ALERT: Price-sensitive ASX Announcement for REY
Current share price for REY : $0.027 -0.003 (-10%)+
Announcement
Release
8 Aug 2025 12:32PM
Price at Release
$0.030
Full Release
download
Summary
The document is a Notice of Compulsory Acquisition sent to shareholders of Rey Resources Limited by NCZ Investments Pty Ltd. It details the compulsory acquisition of all ordinary shares in Rey Resources Limited held by minority shareholders, following the successful takeover bid by NCZ Investments Pty Ltd, which has become the holder of at least 90% of the shares. The notice outlines the legal basis for the acquisition under the Corporations Act 2001, the process for payment of consideration, and the rights of affected shareholders, including the timeline for payment and options for objecting to the acquisition. Shareholders are notified that unless they apply to the court for an order preventing the acquisition within one month, the remaining shares will be compulsorily acquired and they will receive cash consideration equivalent to the offer price from the takeover bid.
Key Points
  • NCZ Investments Pty Ltd has acquired at least 90% of Rey Resources Limited shares and is proceeding with compulsory acquisition of the remaining shares.
  • The acquisition is conducted in accordance with Section 661A of the Corporations Act 2001.
  • Shareholders whose shares are being acquired will receive the same cash consideration as offered in the takeover bid.
  • Payment will be made to the shareholders within one month after the compulsory acquisition process is completed.
  • Shareholders have the right to object to the acquisition by applying to the court within one month of the notice.
  • If no court order is granted, shares will automatically be transferred to NCZ Investments Pty Ltd and consideration paid.
  • A notice explaining shareholders’ legal rights and procedural steps is attached to the document.
  • Contact information is provided for shareholders who have questions about the process.
  • The compulsory acquisition process will proceed unless successfully challenged in court during the specified period.
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.