Greatland Resources Completes Corporate Reorganization, Lists on ASX and AIM
Why we think this is neutral
This RNS announcement details the completion of a corporate reorganization and the listing of Greatland Resources on the ASX and AIM. While it provides important information about the company's structure and future plans, it does not contain any of the mandatory news types that would warrant a more positive or negative sentiment score.
Key Points
- UK Scheme of Arrangement effective, Greatland Resources becomes new holding company
- Greatland Resources admitted to ASX and AIM, trading to commence on 24 June 2025
- Cancellation of Greatland Gold plc's listing on AIM
- Cancellation of options and performance share rights, to be replaced under Greatland Rollover EIP
- Warrants in Greatland Gold cancelled and replaced with new warrants in Greatland Resources
Summary
Greatland Resources Limited (ASX:GGP, AIM:GGP) has announced the completion of a UK Scheme of Arrangement, under which it has become the new holding company of the Greatland Gold group. The company has been admitted to the Official List of the Australian Securities Exchange (ASX) and its ordinary shares are expected to commence trading on the ASX and AIM. The announcement also provides details on the issue of shares, cancellation of options, and other corporate actions related to the reorganization.