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The latest update is out from Winsome Resources Limited ( (AU:WR1) ).
Winsome Resources has convened shareholder and optionholder meetings in Perth to vote on Li-FT Power Ltd.’s proposed acquisition of 100% of its shares via a scheme of arrangement and 100% of its unlisted options via a parallel option scheme. The company has confirmed that a quorum has been reached, outlined the procedural framework for questions and voting, and will release the scheme voting results to the ASX shortly after the meetings, marking a key step toward a potential change of control that could reshape Winsome’s ownership structure and strategic direction.
The Share Scheme Meeting, chaired by non-executive chairman Stephen Biggins under orders of the Supreme Court of Western Australia, is being held alongside the Option Scheme Meeting at a Perth venue, with in-person participation available to eligible investors. Winsome’s full board and senior management are in attendance, and the process follows the distribution of a scheme booklet to shareholders, underscoring formal regulatory oversight and signalling that the proposed transaction remains on track pending investor approval and subsequent court confirmation.
The most recent analyst rating on (AU:WR1) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Winsome Resources Limited stock, see the AU:WR1 Stock Forecast page.
More about Winsome Resources Limited
Winsome Resources Limited is an ASX-listed company operating in the resources sector, with its securities also quoted on the Frankfurt Stock Exchange and OTCQB markets. The company is currently the target of a full acquisition by Canada-listed Li-FT Power Ltd., positioning Winsome within a broader North American-focused lithium and critical minerals investment narrative.
Average Trading Volume: 667,391
Technical Sentiment Signal: Buy
Current Market Cap: A$120.3M
Find detailed analytics on WR1 stock on TipRanks’ Stock Analysis page.