Latin Resources Limited (ASX:LRS) Receives Court Approval for Acquisition
Court Approval Granted
Latin Resources Limited (ASX: LRS) has received approval from the Supreme Court of Western Australia for its acquisition by Pilbara Minerals Limited (ASX: PLS) through a share scheme and an option scheme. The court’s decision paves the way for the schemes to be legally effective upon lodging the court orders with ASIC.
Key Dates for Stakeholders
Latin Resources will proceed to request a suspension of its shares from trading at the close on 22 January 2025. Key dates following the approval include: the effective date for the schemes set for 22 January 2025, with a final trading day for Latin Resources Shares on the same date. The record date for the schemes will be 28 January 2025, and the implementation date is scheduled for 4 February 2025.
Executive Comments
Chris Gale, Managing Director of Latin Resources Limited, stated, “We are pleased with the court’s approval which marks a significant milestone in our journey towards finalising this acquisition. We look forward to the next steps in this process.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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