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Peak Rare Earths Limited (ASX:PEK)

ALERT: Price-sensitive ASX Announcement for PEK
Current share price for PEK : $0.440 -0.003 (-0.56%)+
Announcement
Release
19 Sep 2025 1:39PM
Price at Release
$0.443
Full Release
download
Summary
Peak Rare Earths Limited has announced that the Supreme Court of New South Wales has approved a Scheme of Arrangement for the acquisition of all shares in Peak by Shenghe Resources (Singapore) Pte. Ltd. that Shenghe does not already hold. The acquisition involves a cash consideration of no less than $0.443 per Peak share. The Scheme is set to become legally effective upon the lodgement of the Court's orders with ASIC. Consequently, Peak shares are expected to be suspended from trading on the ASX from the close of trading on 19 September 2025. The Record Date for shareholders to receive the Scheme consideration is 23 September 2025, and the Implementation Date is slated for 30 September 2025. Shareholders have been advised to contact the Peak Shareholder Information Line for any queries related to the Scheme.
Key Points
  • Peak Rare Earths Limited announced a Scheme of Arrangement.
  • The Supreme Court of New South Wales has approved the Scheme.
  • Shenghe Resources (Singapore) Pte. Ltd. is acquiring all shares in Peak that it does not already hold.
  • The cash consideration is no less than $0.443 per Peak share.
  • Peak intends to lodge the Court's orders with ASIC, making the Scheme effective.
  • Peak shares are expected to be suspended from trading on the ASX from 19 September 2025.
  • The Record Date for shareholders to receive the Scheme consideration is 23 September 2025.
  • The Implementation Date is set for 30 September 2025.
  • Shareholders can contact the Peak Shareholder Information Line for queries.
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.