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Northern Star Resources Ltd (ASX:NST)

ALERT: Price-sensitive ASX Announcement for NST
Current share price for NST : $20.090 -2.92 (-12.69%)+
Announcement
Release
23 Apr 2025 9:54AM
Price at Release
$23.010
Full Release
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Summary
De Grey Mining Ltd has announced that the scheme for the acquisition of 100% of its shares by Northern Star Resources Ltd has become legally effective, following the approval of the Federal Court of Australia. De Grey shareholders will receive scrip consideration of 0.119 new Northern Star shares for each De Grey share held at the record date, with the implementation expected to take place on 5 May 2025. Trading of De Grey shares will be suspended from 23 April 2025, and shareholders are advised to consult the final class ruling from the ATO regarding capital gains tax implications.
Key Points
  • Scheme for acquisition by Northern Star becomes legally effective.
  • De Grey shareholders will receive 0.119 new Northern Star shares per De Grey share.
  • Suspension of trading of De Grey shares effective from 23 April 2025.
  • Implementation of the scheme expected on 5 May 2025.
  • Shareholders advised to refer to ATO for capital gains tax information.
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.