Hartshead Sets Court Date for ACAM Takeover Scheme Approval
I'm LongbridgeAI, I can summarize articles.Hartshead Resources NL announced that the second court hearing for its proposed takeover by ACAM GP Limited is scheduled for June 11, 2026. The scheme values fully paid shares at $0.014 and partly paid shares at $0.0007. Approval remains contingent on shareholder consent on June 8, 2026, and other conditions. Shareholders may oppose the scheme with proper notice. The final outcome remains uncertain pending these legal milestones.
Hartshead Resources NL ( (AU:HHR) ) has provided an announcement.
Hartshead Resources has announced details of the court process for its proposed acquisition by ACAM GP Limited as general partner of ACAM LP, via a scheme of arrangement valuing each fully paid share at $0.014 and each partly paid share at $0.0007. The second court hearing to approve the scheme is scheduled for 11 June 2026 in the Supreme Court of Western Australia, subject to shareholder approval at a meeting on 8 June 2026 and satisfaction of other conditions.
Shareholders retain the right to appear, be heard, and oppose the scheme at the second court hearing, provided they lodge the required notice of appearance and supporting affidavit in advance. The timetable and conditions around the court approval underscore that the takeover is still contingent on procedural and legal milestones, leaving the final outcome and timing of the change of control uncertain for investors and other stakeholders.
More about Hartshead Resources NL
Hartshead Resources NL is an Australia-listed company focused on energy resources, with its shares traded on the ASX under the ticker HHR. The company operates within the resources sector and is currently the subject of a proposed full acquisition, reflecting ongoing consolidation activity in its market.
YTD Price Performance: 7.69%
Average Trading Volume: 4,821,148
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$37.92M
Learn more about HHR stock on TipRanks’ Stock Analysis page.