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Winsome Resources Limited (ASX:WR1)

ALERT: Price-sensitive ASX Announcement for WR1
Current share price for WR1 : $0.535 0.045 (9.18%)+
Announcement
Release
5 May 2026 2:51PM
Price at Release
$0.490
Full Release
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Summary
Winsome Resources Limited is holding meetings to discuss a proposed acquisition by Li-FT Power Ltd. of 100% of Winsome's shares and options through a scheme of arrangement. The Share Scheme Meeting and the Option Scheme Meeting are scheduled to review and vote on the proposal. The Chairperson, Stephen Biggins, opened the meetings, providing a summary of the proposal and the necessary voting procedures. The Independent Expert, RSM Corporate Australia Pty Ltd, has determined the schemes to be not fair but reasonable, recommending Winsome Securityholders vote in favor, subject to no superior proposals emerging. The outcomes of these meetings depend on shareholder approval and subsequent court approval. Winsome's major shareholder, Waratah Capital Advisors, has expressed support for the transaction.
Key Points
  • Winsome Resources Limited to be acquired by Li-FT Power Ltd.
  • Share Scheme Meeting and Option Scheme Meeting held on 5 May 2026.
  • Chairperson Stephen Biggins declared the meetings open.
  • Independent Expert finds the schemes not fair but reasonable.
  • Waratah Capital Advisors supports the acquisition.
  • Votes required from shareholders and court approval needed.
  • Proposal involves a scheme of arrangement for shares and options.
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.