MTAL News & Events

MAC Copper (MTAL) announced that the Royal Court of Jersey has made orders sanctioning the proposed acquisition of 100% of the issued share capital in MAC by Harmony Gold Australia, a wholly owned subsidiary of Harmony Gold (HMY) by way of a Jersey law scheme of arrangement pursuant to Article 125 of the companies Law 1991. MAC intends to lodge a copy of the Court's orders with the Jersey Registrar of Companies 10 October 2025, at which time the Scheme will become legally effective. If this occurs, MAC CDIs will be suspended from trading on the ASX and MAC Shares will cease trading on the NYSE with effect from close of trading on the respective exchange on 10 October. Complete delisting of MAC Shares from the NYSE is expected to be on 24 October and Delisting of MAC from the ASX on 3 November.

MAC Copper (MTAL) announced that its proposed acquirer, Harmony Gold (HMY), has received written notice from the Australian Federal Treasurer stating that the "Commonwealth Government does not object to the Scheme." Accordingly, MAC said "the regulatory condition precedent in clause 3.1(c) of the Implementation Deed has now been satisfied and that all regulatory conditions to the Scheme have now been satisfied." CEO Mick McMullen commented, "The receipt of regulatory approval from FIRB following the previously announced approval from SARB is another significant step towards implementation of the Transaction as all requisite regulatory approvals have now been obtained." The scheme remains subject to approval by MAC shareholders at meetings scheduled for August 29, as well as court sanction and other customary conditions.