The Gold Road Resources Ltd (ASX: GOR) share price is in focus today after shareholders strongly approved the company's proposed acquisition by Gruyere Holdings Pty Ltd, with 99.16% of votes cast in favour at the scheme meeting on Monday, 22 September 2025.
What did Gold Road Resources report?
- 99.16% of votes cast by shareholders supported the proposed acquisition scheme
- 91.23% of attending shareholders (in person or by proxy) voted in favour
- If approved, Gold Road shares will be acquired by Gruyere Holdings Pty Ltd, owned by Gold Fields Limited
- The Scheme remains subject to court approval and other customary conditions
- Special dividend to be paid if Scheme becomes effective, anticipated 7 October 2025
What else do investors need to know?
The next step is a Supreme Court of Western Australia hearing, scheduled for Thursday, 25 September 2025. If all conditions are met and the court approves the scheme, Gold Road intends to lodge court orders soon after, making the scheme effective.
If the scheme becomes effective, shares will be suspended from trading on Friday, 26 September 2025. Gold Road shareholders will receive the announced special dividend and consideration under the scheme in October. The company has provided a clear timetable for each event, with changes to be announced via the ASX.
What did Gold Road Resources management say?
Commenting on the development, Duncan Gibbs, Managing Director & CEO said:
This is a significant milestone for Gold Road and a strong endorsement from our shareholders of the recommended transaction.
What's next for Gold Road Resources?
Gold Road will continue working to satisfy all remaining conditions before the final court hearing. If the scheme is approved and becomes effective, the company will finalise payment of the special dividend and implement the scheme as outlined.
Gold Road has emphasised continued communication with shareholders and will provide updates on any changes to key dates or the scheme's progress.
Gold Road Resources share price snapshot
Over the past year, the company's share price has surged 107%, far outpacing the S&P/ASX 200 Index which has risen 8%.
Gold Road Resources shares are expected to be suspended from trading following the scheme's approval.
