InvestSMART

Spartan Resources Limited (ASX:SPR)

ALERT: Price-sensitive ASX Announcement for SPR
Current share price for SPR : $2.130 0.238 (12.55%)+
Announcement
Release
11 Jul 2025 2:34PM
Price at Release
$1.893
Full Release
download
Summary
The document details the outcome of the Scheme Meeting for Spartan Resources Limited (SPR), where the majority of SPR shareholders voted in favor of the proposed scheme of arrangement with Ramelius Resources Limited. The meeting's results indicate strong support for the transaction, which, if implemented, will result in Ramelius acquiring 100% of Spartan's shares. The document outlines the voting results, the next steps in the scheme process—including court approval and key dates—and provides information for shareholders regarding the implications of the scheme, as well as guidance on where to find additional information or help.
Key Points
  • Spartan Resources Limited held a Scheme Meeting for its shareholders.
  • The Scheme involves an acquisition by Ramelius Resources Limited.
  • The majority of shareholders voted in favor of the Scheme.
  • If approved by the court, Ramelius will acquire 100% of Spartan's shares.
  • The document records the voting results and key statistics.
  • Outlines the next steps including court approval and implementation dates.
  • Gives instructions and contact points for shareholders seeking further information.
  • Describes implications for shareholders regarding their shares and the Scheme consideration.
  • Highlights the overall benefits and rationale for the Scheme.
  • Details the timetable and conditions precedent for completion of the transaction.
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.