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Winsome Resources Limited (ASX:WR1)

ALERT: Price-sensitive ASX Announcement for WR1
Current share price for WR1 : $0.535 -0.015 (-2.73%)+
Announcement
Release
12 May 2026 1:43PM
Price at Release
$0.550
Full Release
download
Summary
Winsome Resources Limited announced the legal effectiveness of its scheme of arrangement with Li-FT Power Ltd, following the approval by the Supreme Court of Western Australia. The arrangements involve the acquisition of Winsome's fully paid ordinary shares and unlisted options by Li-FT. With court orders lodged with ASIC, Winsome's shares are set to be suspended from the ASX on 12 May 2026, leading to the company's delisting on 22 May 2026. Subsequently, New Li-FT CDIs will begin trading on the ASX, with Li-FT Shares commencing on TSXV by late May 2026.
Key Points
  • Winsome Resources Limited is involved in a scheme of arrangement with Li-FT Power Ltd.
  • The Supreme Court of Western Australia approved the Share Scheme and Option Scheme on 11 May 2026.
  • The schemes became legally effective upon lodgment of the court orders with ASIC.
  • Winsome's shares will be suspended from trading on the ASX close of trade on 12 May 2026.
  • Winsome will be delisted from ASX on 22 May 2026.
  • New Li-FT CDIs will commence trading on ASX on 22 May 2026.
  • New Li-FT Shares will start trading on TSXV on 26 May 2026.
  • Implementation Date for the schemes is set for 21 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.