Overview of court-approved scheme meeting and booklet despatch

Silver Lake Resources Limited (ASX: $SLR) has received court approval for the convening of a scheme meeting and the despatch of a scheme booklet in relation to the proposed merger of equals with Red 5 Limited. The Supreme Court of New South Wales has ordered the scheme meeting to be convened for shareholders to consider and vote on the scheme, along with the despatch of the scheme booklet to provide comprehensive information about the proposed merger.

Executive commentary on scheme meeting and booklet despatch

The board of Silver Lake continues to unanimously recommend that Silver Lake shareholders vote in favour of the scheme, subject to the Independent Expert concluding that the scheme is fair and reasonable to, and in the best interests of, Silver Lake shareholders. The scheme booklet, which will include the independent expert's report, is an important document that requires immediate attention from shareholders. We encourage eligible shareholders to participate in the scheme meeting and make informed decisions based on the information provided in the scheme booklet.

Summary of court approval and next steps

Silver Lake Resources Limited has achieved a significant milestone with the court approval for the scheme meeting and the upcoming despatch of the scheme booklet to shareholders. The board's unanimous recommendation in favor of the scheme, along with the scheduled scheme meeting on 31 May 2024, reflects the company's commitment to transparency and shareholder engagement. Shareholders are urged to carefully review the scheme booklet and consider the independent expert's report before making any decisions. Silver Lake will continue to update shareholders on material developments as the timetable progresses, and any changes to the timetable will be promptly communicated to the ASX. For further information or queries related to the scheme or the scheme meeting, shareholders can contact the Silver Lake shareholder information line or seek advice from professional advisers.