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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 6:23PM
Price at Release
$0.490
Full Release
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Summary
Winsome Resources Limited is engaged in a proposed acquisition by Li-FT Power Ltd., involving the acquisition of all its shares and unlisted options through a scheme of arrangement. In the recently held Scheme Meetings, the resolutions passed with significant support from shareholders and optionholders. The process is pending approval from the Supreme Court of Western Australia, expected on 11 May 2026. Post-approval, Winsome shares will cease trading on the ASX by 12 May 2026, with full implementation of the schemes by 21 May 2026, leading to delisting from the ASX on 22 May 2026.
Key Points
  • Winsome Resources Limited (ASX: WR1) is involved in a proposed acquisition by Li-FT Power Ltd.
  • The acquisition involves a scheme of arrangement for 100% of Winsome's fully paid ordinary shares and unlisted options.
  • Results of the Scheme Meetings were positive with 93.99% of shareholders in favor at the Share Scheme Meeting and 100% at the Option Scheme Meeting.
  • The schemes are subject to approval by the Supreme Court of Western Australia, scheduled for 11 May 2026.
  • If approved, Winsome shares will be suspended from trading on the ASX on 12 May 2026, with the schemes implemented on 21 May 2026.
  • The indicative timetable includes several key dates concluding with the delisting of Winsome from the ASX on 22 May 2026.
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.