Overview of Azure Minerals acquisition scheme

Azure Minerals Limited (ASX: $AZS) has successfully completed the acquisition scheme by SH Mining Pty Ltd, with the Supreme Court of Western Australia approving the scheme. The scheme involves the acquisition of 100% of Azure shares for a cash consideration of $3.70 per share. As a result, Azure shares will be suspended from trading on ASX from the close of trading on Thursday, 2 May 2024.

Executive commentary on the acquisition scheme

The acquisition scheme by SH Mining Pty Ltd marks a significant milestone for Azure Minerals. We believe that this acquisition will provide substantial value to our shareholders and further strengthen our position in the market. We are pleased with the outcome and look forward to the implementation of the scheme, as well as the payment of the scheme consideration to eligible Azure shareholders.

Summary of Azure Minerals acquisition scheme

Azure Minerals Limited (ASX: $AZS) has successfully completed the acquisition scheme by SH Mining Pty Ltd, with the Supreme Court of Western Australia approving the scheme. The scheme involves the acquisition of 100% of Azure shares for a cash consideration of $3.70 per share. As a result, Azure shares will be suspended from trading on ASX from the close of trading on Thursday, 2 May 2024. Eligible Azure shareholders recorded in the Azure share register as at 5.00pm (Perth time) on Monday, 6 May 2024, will be entitled to receive $3.70 per Azure share held at the Scheme Record Date. The scheme is expected to be implemented, and the scheme consideration will be paid to eligible Azure shareholders on Thursday, 9 May 2024. The completion of this acquisition scheme signifies a positive development for Azure Minerals and demonstrates the company's commitment to delivering value to its shareholders.