Altus Strategies plc’s share-for-share merger of equals with Elemental Royalties Corp has received court sanction.
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The companies first announced the agreement in June and received shareholder approval on 8 August.
Altus said that the High Court of Justice of England and Wales had today made an order sanctioning the scheme under section 899 of the Companies Act 2006.
The scheme record time for the merger will be at 10pm on 15 August 2022.
Altus anticipates that the effective date of the scheme will be 16 August 2022, when a copy of the court order is delivered to the Registrar of Companies.
Altus shares will cease trading on 17 August 2022.