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Toro Energy Limited (ASX:TOE)

ALERT: Price-sensitive ASX Announcement for TOE
Current share price for TOE : $0.550 -0.05 (-8.33%)+
Announcement
Release
22 Apr 2026 8:20AM
Price at Release
$0.600
Full Release
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Summary
Toro Energy Limited announced that the Australian Securities Exchange (ASX) has granted a waiver of ASX Listing Rule 6.23.2. This waiver allows Toro to cancel 4,400,000 of its unlisted options, which are set to expire on 11 January 2027, for cash consideration without requiring shareholder approval. This action is part of a proposed scheme of arrangement whereby Iso Australia Operations Pty Ltd, a subsidiary of IsoEnergy Ltd, intends to acquire 100% of Toro's issued ordinary shares, excluding those held by the IsoEnergy Group. The waiver is conditional upon the inclusion of full details of the cancellation and consideration in the Scheme Booklet and the scheme becoming effective.
Key Points
  • ASX granted a waiver for Toro Energy Limited regarding ASX Listing Rule 6.23.2.
  • Toro can cancel 4,400,000 unlisted options expiring on 11 January 2027 without shareholder approval.
  • The waiver is in connection with a scheme of arrangement for IsoEnergy Ltd to acquire Toro.
  • Conditions include full disclosure in the Scheme Booklet and the scheme's effectiveness.
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.