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Mac Copper Limited (ASX:MAC)

ALERT: Price-sensitive ASX Announcement for MAC
Current share price for MAC : $18.520 0 (0%)+
Announcement
Release
1 Sep 2025 8:19AM
Price at Release
$18.520
Full Release
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Summary
MAC Copper Limited announced that its shareholders have voted in favor of a scheme of arrangement that will result in the acquisition of all of its issued share capital by Harmony Gold (Australia) Pty Ltd. This comes with the approval of 98.43% of votes at the Court Meeting and 97.84% at the General Meeting. Court approval is pending, with a hearing scheduled for 9 October 2025. If successful, MAC shares will be suspended on the NYSE and ASX. The scheme follows Article 125 of Jersey's Companies Law.
Key Points
  • MAC shareholders voted in favor of the scheme with Harmony.
  • The scheme involves the acquisition of 100% of the issued share capital in MAC by Harmony Gold (Australia) Pty Ltd.
  • The resolution to approve the scheme was supported by 98.43% of the votes cast at the Court Meeting.
  • 97.84% of the votes cast at the General Meeting were also in favor of the resolutions.
  • A Court Sanction Hearing is scheduled for 9 October 2025.
  • If sanctioned, MAC shares will be suspended from trading on the NYSE and ASX.
  • The scheme is under the jurisdiction of Jersey law, pursuant to Article 125 of the Companies (Jersey) Law 1991.
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.