Last Friday afternoon, Gold Road Resources Ltd (ASX: GOR) announced its scheme of arrangement had become legally effective, with shareholders set to receive a fully franked special dividend of A$0.43694 per share and total scheme consideration of $3.06423 per share.
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What did Gold Road Resources report?
- The scheme of arrangement with Gruyere Holdings Pty Ltd has been approved by the Supreme Court of Western Australia.
- Gold Road shares to be suspended from ASX trading at close of business, 26 September 2025.
- Special fully franked dividend of A$0.43694 per share to eligible shareholders as of 30 September 2025.
- Total scheme consideration of $3.06423 per share, including $2.52 fixed cash, $0.98117 variable cash, less the special dividend.
- Scheme consideration payment is expected to occur on 14 October 2025.
What else do investors need to know?
With the scheme now effective, Gold Road shareholders are no longer be able to trade their shares . Shareholders recorded on the appropriate dates will receive both the special dividend and the final scheme payment.
The variable cash consideration reflects Gold Road's shareholding in Northern Star Resources Ltd (ASX: NXT), calculated based on Northern Star's average market price over the relevant period. Any changes to key dates will be communicated via the ASX.
What's next for Gold Road Resources?
The scheme is scheduled to be implemented, with payment of the scheme consideration and transfer of Gold Road shares to Gruyere Holdings Pty Ltd, on 14 October 2025. Eligible shareholders will receive both their special dividend and scheme payment in line with the published timetable.
For any questions about the process, shareholders are encouraged to contact the company's shareholder information line or seek professional advice.
Gold Road Resources share price snapshot
Gold Road Resources shares have risen 100% in the past 12 months, significantly outpacing the S&P/ASX 200 Index (ASX: XJO) which has increased around 8%.
Gold Road Resources shares are now suspended from the ASX.
