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NORTHERN STAR RESOURCES LTD — M&A Activity 2025
Apr 21, 2025
65447_rns_2025-04-21_2abd045b-a1a1-4a30-9e9a-03f3b8fc904b.pdf
M&A Activity
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COURT APPROVES SCHEME
De Grey Mining Ltd (ASX:DEG, “ De Grey ”) is pleased to announce that the Federal Court of Australia (Western Australia registry) (“ Court ”) has today made orders approving the proposed acquisition of 100% of the shares in De Grey by Northern Star Resources Ltd (ASX:NST, “ Northern Star ”) by way of a scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) (“ Scheme ”).
Capitalised terms used in this announcement have the meaning given to them in the Scheme Booklet released to ASX on 11 March 2025, unless the context otherwise requires.
Lodgement of Court orders and suspension of trading
De Grey intends to lodge a copy of the Court’s orders with ASIC tomorrow, 23 April 2025, at which time the Scheme will become legally effective. If this occurs, De Grey Shares will be suspended from trading on the ASX with effect from the close of trading on 23 April 2025.
Indicative Scheme timetable
The remaining key dates expected for the Scheme are set out below.
| Event | Date and Time (AWST) |
|---|---|
| Effective Date | 23 April 2025 |
| Last date of trading of De Grey Shares | 23 April 2025 |
| Opt-In Notice Cut-Off Date1 | 5:00 pm on 24 April 2025 |
| Scheme Record Date | 5:00 pm on 28 April 2025 |
| Implementation Date | 5 May 2025 |
| Last day of deferred settlement trading of NewNorthern Star Shares | 5 May 2025 |
| New Northern Star Shares commence trading on ASXon a normal (T+2) settlement basis | 6 May 2025 |
| Delisting of De Grey from ASX | 6 May 2025 |
| Dispatch of transaction confirmation statements forNew Northern Star Shares | 7 May 2025 |
Note: The above times and dates are indicative only and subject to change. Subject to applicable law, De Grey reserves the right to vary the above dates and times in consultation with Northern Star and otherwise in accordance with the Scheme Implementation Deed, and any changes will be announced by De Grey to the ASX.
1 Last date for an Opt-In Election to be received by the Registry for Small Shareholders to receive New Northern Star Shares as Scheme Consideration.
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This announcement has been authorised for release by the De Grey Board.
For further information, please contact:
Glenn Jardine Peter Canterbury Michael Vaughan Managing Director Chief Financial Officer (Media enquiries) +61 8 6117 9328 +61 8 6117 9328 Fivemark Partners [email protected] [email protected] +61 422 602 720 [email protected]
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