PNX Metals Shareholders Back Scheme Arrangement

PNX Metals Limited (AU:PNX) has released an update.

PNX Metals Limited shareholders have overwhelmingly supported the proposed Scheme of Arrangement, with a near-unanimous vote in favor at the recent Scheme Meeting. The next step is to seek approval from the Supreme Court of Western Australia, with the hearing set for the end of August 2024. Should the court approve the Scheme, PNX Metals Limited plans to implement the arrangement, which includes suspending trading of its shares and delisting from the ASX by mid-September 2024.

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