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NORTHERN STAR RESOURCES LTD — M&A Activity 2025
Apr 13, 2025
65447_rns_2025-04-13_ffcda3a2-9306-4d72-bda3-de4ba95ad150.pdf
M&A Activity
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ASX Announcement 14 April 2025
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INTENTION TO VOTE IN FAVOUR OF THE DE GREY SCHEME
Gold Road Resources Ltd ( Gold Road ) refers to announcements made by De Grey Mining Limited ( De Grey ) in relation to its Scheme Meeting on 16 April 2025 to consider and vote on the resolution regarding the proposed acquisition of 100% of the shares in De Grey by Northern Star Resources Ltd ( Northern Star ) by way of a Court-approved scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) ( Scheme ).
Gold Road advises that it is supportive of the Scheme and will vote all De Grey shares it holds or controls in favour of the Scheme. Following the implementation of the proposed Scheme, which if approved by De Grey shareholders at the Scheme meeting and by the Federal Court at the Second Court Hearing is expected to occur on 5 May 2025, Gold Road’s shareholding in De Grey will be converted into shares in Northern Star.
ASX Code GOR
ABN 13 109 289 527
COMPANY DIRECTORS Tim Netscher Chairman
Duncan Gibbs Managing Director & CEO Brian Levet
Non-Executive Director Maree Arnason Non-Executive Director Denise McComish Non-Executive Director Julie Jones
General Counsel & Joint Company Secretary Keely Woodward Joint Company Secretary
Gold Road holds approximately 17.26% of the De Grey shares on issue. Based on De Grey’s closing share price as at 11 April 2025, the value of Gold Road’s shareholding is approximately $1.035 billion.
Any decision Gold Road makes regarding the Northern Star shares it will receive if the Scheme completes will be made with a view to maximising value for all Gold Road shareholders.
CONTACT DETAILS
Principal & Registered Office Level 2, 26 Colin St West Perth WA 6005
www.goldroad.com.au [email protected] T +61 8 9200 1600 F +61 8 6169 0784
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This release was authorised by the Board.
For further information, please visit www.goldroad.com.au or contact:
Investor Enquiries Media Enquiries Brian Massey Peter Klinger General Manager - Investor Relations & Corporate Development Purple [email protected] [email protected] Tel: +61 432 099 391 Tel: +61 411 251 540
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