MAC Copper Limited Provides Closing Timetable for Scheme with Harmony
Capitalised terms used in this announcement have the meaning given to them in the Scheme Circular, a copy of which is attached to MAC’s announcement released on
Proposed closing timetable for the Transaction
Subject to the Court making orders sanctioning the Scheme at the Court Sanction Hearing scheduled to be held at
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Date and time (Jersey time)1 |
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Conversion of MAC CDIs into MAC Shares ceases |
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Conversion of MAC Shares into MAC CDIs ceases |
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Effective Date |
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Last day of dealings in MAC CDIs on the ASX2 |
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Last day of dealings in MAC Shares on the NYSE3 |
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Suspension of quotation of MAC CDIs on the ASX |
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Initiate delisting of MAC Shares from the NYSE4 |
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Scheme Record Time |
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Complete delisting of MAC Shares from the NYSE |
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Implementation Date |
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Consideration payment date to DTC for further payment by DTC participants to beneficial owners holding MAC Shares within DTC |
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Consideration payment date for MAC Shares held outside DTC |
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Consideration payment date for MAC CDIs |
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Delisting of MAC from the ASX |
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1 All dates and times are based on MAC and Harmony’s current expectations and are subject to change. If any of the dates and/or times in this timetable change materially, the revised dates and/or times will be published by a public announcement filed with, or furnished to, the |
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2 MAC CDI Holders may sell their MAC CDIs on the ASX until ASX market close on |
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3 Shareholders may sell their MAC Shares on the NYSE until NYSE market close on |
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4 NYSE files a Delisting Application (Form 25-NSE) with the |
Payment of Scheme Consideration
The Scheme Consideration will be paid to each Scheme Shareholder (excluding CDN) and MAC CDI Holder entitled to receive the Scheme Consideration pursuant to the Scheme in the ordinary course and in accordance with any valid existing payment instructions held by the Share Registry and CDI Registry (as applicable) at the Scheme Record Time. Accordingly, such payments will be made as follows:
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payments to Scheme Shareholders who hold their MAC Shares through DTC will be made in
U.S. dollars in accordance with the individual arrangements between the Scheme Shareholders and their respective brokers, banks, trustees, custodians or other nominees; -
payments to Scheme Shareholders will otherwise be made as follows:
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if a Scheme Shareholder has, before the Scheme Record Time, provided the Share Registry with wire instructions in accordance with the requirements of the Share Registry, paying, or procuring the payment of, the relevant amount in
U.S. dollars, by electronic means in accordance with that instruction; or -
dispatching, or procuring the dispatch of, a cheque drawn on a
U.S. bank inU.S. dollars for the relevant amount to the Scheme Shareholder by prepaid ordinary post to their registered address, such cheque being drawn in the name of the Scheme Shareholder; and
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if a Scheme Shareholder has, before the Scheme Record Time, provided the Share Registry with wire instructions in accordance with the requirements of the Share Registry, paying, or procuring the payment of, the relevant amount in
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payments to MAC CDI Holders will be made as follows:
- if a MAC CDI Holder has, before the Scheme Record Time, made a valid election in accordance with the requirements of the CDI Registry to receive dividend payments from MAC by electronic funds transfer to a bank account nominated by the MAC CDI Holder, by paying, or procuring the payment of, the relevant amount in Australian dollars by electronic means in accordance with that election;
- by dispatching, or procuring the dispatch of, a cheque drawn on an Australian bank in Australian dollars for the relevant amount to the MAC CDI Holder by prepaid ordinary post to their registered address, such cheque being drawn in the name of the MAC CDI Holder; or
- Global Wire Payment Service, if a MAC CDI Holder has elected to receive payments electronically in their local currency using the CDI Registry’s Global Wire Payment Service.
Further details concerning the payment of the Scheme Consideration to Scheme Shareholders (other than CDN) and MAC CDI Holders is set out in section 15 of Part II (Explanatory Statement) of the Scheme Circular.
Further information
If, after reading the Scheme Circular, you have any questions about the payment of the Scheme Consideration, please contact MAC’s Share Registry or CDI Registry (as applicable), at:
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If you are a MAC Shareholder
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If you are a MAC CDI Holder
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This announcement has been authorised for release by
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20251006258919/en/
Chief Executive Officer & Director
investors@metalsacqcorp.com
Chief Financial Officer
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