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Toro Energy Limited (ASX:TOE)

ALERT: Price-sensitive ASX Announcement for TOE
Current share price for TOE : $0.550 0 (0%)+
Announcement
Release
16 Jun 2026 1:41PM
Price at Release
$0.550
Full Release
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Summary
Toro Energy Limited announced that the scheme of arrangement for its acquisition by Iso Australia Operations Pty Ltd, a subsidiary of IsoEnergy Ltd, has been declared effective. The document outlines the key dates for the scheme including the last day of trading for Toro shares on the ASX, the record date, and the implementation date. The Federal Court of Australia has approved the scheme, providing exemptions under the US Securities Act. Shareholders are advised to check ASX announcements and Toro's website for any timetable changes and can contact the Toro Shareholder Information Line for further details.
Key Points
  • Toro Energy Ltd's scheme of arrangement for acquisition by Iso Australia Operations Pty Ltd has become effective.
  • The scheme involves the acquisition of 100% of Toro's issued share capital by IsoEnergy Ltd's subsidiary.
  • Toro lodged the orders of the Federal Court of Australia with ASIC as required by section 411(10) of the Corporations Act.
  • The effective date of the scheme and the last day of trading for Toro shares on ASX is 16 June 2026.
  • The record date for the scheme is set for 5.00pm (AWST) on 18 June 2026.
  • The implementation date of the scheme is set for 25 June 2026.
  • The Federal Court of Australia's approval exempts the scheme from certain US Securities Act requirements.
  • Shareholders can contact Toro's information line for queries about the scheme.
  • Changes to the scheme's timetable will be announced on ASX and Toro's website.
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.