Scheme of Arrangement becomes Effective
22 January 2024
Advanced vanadium developer, Technology Metals Australia Limited (ASX: TMT) (Technology Metals, or the Company),
provides the following update on the proposed merger of TMT and Australian Vanadium Limited (AVL) via Scheme of
Arrangement (Scheme), under which AVL will acquire 100% of the TMT shares on issue.
LODGEMENT OF COURT ORDERS AND SUSPENSION OF TRADING
TMT confirms that it has today lodged with the Australian Securities and Investments Commission (ASIC) a copy of
the orders made by the Supreme Court of Western Australia (Court Orders) approving the Scheme.
A copy of the Court Orders lodged with ASIC is attached to this announcement.
The Scheme is now legally effective, and it is expected that TMT shares will be suspended from trading on ASX from
close of trading today (22 January 2024).
PAYMENT OF SCHEME CONSIDERATION
Eligible TMT shareholders who hold TMT shares at the Scheme record date, being 4:00pm (AWST) on Wednesday, 24
January 2024 (Scheme Record Date), will receive 14 AVL shares for every TMT share held at the Scheme Record Date
(Scheme Consideration), in accordance with the terms of the Scheme.
It is expected the Scheme will be implemented, and the Scheme Consideration will be issued to TMT shareholders, on
Thursday, 1 February 2024.
TMT will update TMT shareholders as to any material developments in relation to the Scheme as the timetable
progresses.
If you require further information or have questions in relation to the Scheme, please contact the TMT Shareholder
Information Line on 08 9321 8533 between 8:30 am and 5:00 pm (AWST).
- Forums
- ASX - By Stock
- Ann: TMT: Scheme of Arrangement becomes Effective
Scheme of Arrangement becomes Effective 22 January 2024 Advanced...
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVL (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $120.8M |
Open | High | Low | Value | Volume |
1.4¢ | 1.5¢ | 1.4¢ | $30.45K | 2.139M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 15168316 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 14137892 | 48 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 15042316 | 0.014 |
30 | 8008814 | 0.013 |
25 | 6425385 | 0.012 |
12 | 4502381 | 0.011 |
18 | 8436745 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 14137892 | 48 |
0.016 | 16523024 | 21 |
0.017 | 7036166 | 20 |
0.018 | 4564118 | 11 |
0.019 | 3805249 | 6 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
AVL (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online