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Toro Energy Limited (ASX:TOE)

ALERT: Price-sensitive ASX Announcement for TOE
Current share price for TOE : $0.550 -0.01 (-1.79%)+
Announcement
Release
30 Apr 2026 2:45PM
Price at Release
$0.560
Full Release
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Summary
Toro Energy Ltd has announced that the Federal Court of Australia has approved the convening of a shareholder meeting to vote on a proposed scheme of arrangement for its acquisition by Iso Australia Operations Pty Ltd. The acquisition involves IsoEnergy Ltd acquiring all issued shares of Toro. The Scheme Booklet, which contains relevant details and voting instructions, will be dispatched to shareholders by 7 May 2026, ahead of the Scheme Meeting scheduled for 9 June 2026. The Toro independent board committee recommends the scheme, provided no superior proposal emerges and the independent expert report deems it in shareholders' best interest.
Key Points
  • Toro Energy Ltd is involved in a scheme of arrangement for acquisition by Iso Australia Operations Pty Ltd.
  • The Federal Court of Australia approved the convening of a meeting for Toro shareholders to vote on the scheme.
  • The Scheme Booklet will be dispatched to shareholders on or around 7 May 2026.
  • The Scheme Meeting is scheduled for 9 June 2026.
  • The scheme is recommended by Toro's independent board committee, subject to no superior proposal and favorable independent expert report.
  • Toro Shareholders are encouraged to read the Scheme Booklet before voting.
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.