2 stories mentioning ASX:TOEUpdated just now
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Toro Energy (ASX:TOE) said IsoEnergy unit Iso Australia Operations' acquisition of Toro has been implemented, according to a Thursday filing with the Australian bourse.Eligible Toro shareholders received 0.036 IsoEnergy shares for each Toro share held on the record date, per the filing.Toro shares were suspended from ASX trading on June 16, and the company expects to be removed from the exchange's official list on Friday.
Toro Energy (ASX:TOE) said the Australian Securities Exchange has granted it a waiver allowing the company to cancel 4.4 million unlisted options expiring on Jan. 11, 2027, in exchange for cash, without requiring shareholder approval, according to a Wednesday Australian bourse filing.The waiver relates to a scheme of arrangement under which Iso Australia Operations, a subsidiary of IsoEnergy, would acquire all the company's ordinary shares not held by the IsoEnergy Group, the filing said.The ASX waiver is conditional on the scheme booklet fully disclosing the cancellation terms and the scheme subsequently becoming effective, the filing added.The company's shares fell 4% in recent Wednesday trade.
