MAC Copper Limited Announces Scheme with Harmony Becomes Effective
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6:30 AM on Friday, October 10
The Associated Press
ST. HELIER, Jersey--(BUSINESS WIRE)--Oct 10, 2025--
MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC)
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251009239866/en/
MAC Copper Limited (NYSE:MTAL, ASX:MAC) (“ MAC ” or the “ Company ”) is pleased to announce that it has today lodged with the Jersey Registrar of Companies a copy of the order of the Royal Court of Jersey (the “ Court ”) sanctioning the proposed acquisition of 100% of the issued share capital in MAC by Harmony Gold (Australia) Pty Ltd (a wholly owned subsidiary of Harmony Gold Mining Company Limited (JSE:HAR, NYSE:HMY)) (“ Harmony ”) by way of a Jersey law scheme of arrangement pursuant to Article 125 of the Companies (Jersey) Law 1991 (as amended) (“ Scheme ”).
As a result, the Scheme is now legally effective. A copy of the Court’s order as lodged with Jersey Registrar of Companies is attached to this announcement.
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 31 July 2025.
Suspension of trading
MAC CDIs will be suspended from trading on the ASX with effect from close of trading today, 10 October 2025.
Today will also be the last day of dealings in MAC Shares on the NYSE.
Scheme Consideration
MAC Securityholders who hold MAC Shares or MAC CDIs at the Scheme Record Date, being 7:00 pm (Sydney time) on 17 October 2025 (for MAC CDI Holders) or 5:00 pm (New York time) on 17 October 2025 (for Scheme Shareholders) will be paid the Scheme Consideration in accordance with the terms of the Scheme. It is anticipated that the Scheme will be implemented on 24 October 2025.
Indicative Scheme timetable
The remaining key dates expected for the Scheme are set out below.
Event | Date and time (Jersey time) |
Effective Date | 10 October 2025 |
Last day of dealings in MAC CDIs on the ASX 1 | 10 October 2025 (close of trading on the ASX) |
Last day of dealings in MAC Shares on the NYSE 2 | 10 October 2025 (close of trading on the NYSE) |
Suspension of quotation of MAC CDIs on the ASX | 13 October 2025 (before trading opens on the ASX) |
Initiate delisting of MAC Shares from the NYSE 3 | 14 October 2025 (before trading opens on the NYSE) |
Scheme Record Time | 5:00 pm (New York time) on 17 October 2025 for Scheme Shareholders 7:00 pm (Sydney time) on 17 October 2025 for MAC CDI Holders |
Complete delisting of MAC Shares from the NYSE | 24 October 2025 |
Implementation Date | 24 October 2025 |
Consideration payment date to DTC for further payment by DTC participants to beneficial owners holding MAC Shares within DTC | 27 October 2025 |
Consideration payment date for MAC Shares held outside DTC | 31 October 2025 |
Consideration payment date for MAC CDIs | 31 October 2025 |
Delisting of MAC from the ASX | 3 November 2025 |
1 MAC CDI Holders may sell their MAC CDIs on the ASX until ASX market close on October 10, 2025 (at which point the ASX is expected to halt and suspend trading in MAC CDIs before start of trade on ASX on October 13, 2025).
2 Shareholders may sell their MAC Shares on the NYSE until NYSE market close on October 10, 2025 (at which point the NYSE is expected to halt and cease trading in MAC Shares).
3 NYSE files a Delisting Application (Form 25-NSE) with the SEC.
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:
If you are a MAC Shareholder | If you are a MAC CDI Holder |
This announcement has been authorised for release by Mick McMullen, CEO and Director.
About MAC Copper Limited
MAC Copper Limited (NYSE:MTAL; ASX:MAC) is a company focused on operating and acquiring metals and mining businesses in high quality, stable jurisdictions that are critical in the electrification and decarbonization of the global economy.
View source version on businesswire.com:https://www.businesswire.com/news/home/20251009239866/en/
CONTACT: Mick McMullen
Chief Executive Officer & Director
MAC Copper Limited
[email protected]é Engelbrecht
Chief Financial Officer
MAC Copper Limited
KEYWORD: SOUTH AFRICA AFRICA JERSEY AUSTRALIA/OCEANIA AUSTRALIA EUROPE
INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES
SOURCE: MAC Copper Limited
Copyright Business Wire 2025.
PUB: 10/10/2025 06:30 AM/DISC: 10/10/2025 06:29 AM
http://www.businesswire.com/news/home/20251009239866/en
