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NORTHERN STAR RESOURCES LTD — M&A Activity 2021
Feb 1, 2021
65447_rns_2021-02-01_4f5928b1-612a-4fc4-872c-52c768696c9a.pdf
M&A Activity
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2 February 2021
Court Approves Scheme
Saracen Mineral Holdings Limited (ASX:SAR) and Northern Star Resources Ltd (ASX:NST) are pleased to announce that the Supreme Court of Western Australia (“Court”) has today made orders approving the scheme of arrangement by which Northern Star will acquire all of the shares in Saracen (“Scheme”).
Lodgement of Court Orders and Suspension of Trading
It is expected that Saracen will lodge a copy of the Court's orders with the Australian Securities and Investments Commission tomorrow, Wednesday, 3 February 2021, at which time the Scheme will become legally effective. If this occurs, Saracen's shares will be suspended from trading on the ASX at the close of trading tomorrow.
Scheme Timetable
The key dates expected for the Scheme are set out below.
| The key dates expected for the Scheme are set out below. | |
|---|---|
| Effective Date | Wednesday, 3 February 2021 |
| Special Dividend Record Date | 7:00pm AEDT Wednesday, 3 February 2021 |
| Scheme Record Date | 7:00pm AEDT Friday, 5 February 2021 |
| Special Dividend Payment Date | Thursday, 11 February 2021 |
| Implementation Date | Friday, 12 February 2021 |
| New Northern Star Shares commence trading on ASX on T+2 basis | Monday, 15 February 2021 |
Note: All dates are indicative only. Subject to applicable law, Saracen reserves the right to vary the times and dates set out above. Any changes to the above timetable will be announced on the ASX and notified on Saracen's website at www.saracen.com.au.
Saracen and Northern Star will continue to update shareholders as to any material developments in relation to the Scheme as the timetable progresses.
Authorised for release to the ASX by Bill Beament, Executive Chair (NST) and Raleigh Finlayson, Managing Director (SAR).
Contacts
Investor Relations Enquiries Rebecca Ciotti (NST) T: +61 8 6188 2100 E: [email protected]
Troy Irvin (SAR) T: +61 8 6229 9100 E: [email protected]
Media Enquiries: Read Corporate T: +61 8 9388 1474 E: [email protected]
Northern Star Resources Limited ASX: NST ABN: 43 092 832 892 Saracen Mineral Holdings Limited ASX: SAR ABN: 52 009 215 347
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