Doray Minerals Limited has announced orders made by the Supreme Court of Western Australia on 28 March 2019, which approved a share and options scheme, has been lodged by the Australian Securities and Investments Commission.
Today will mark the last date of trading Doray Shares on the ASX with new Silver Lake Shares (ASX: SLR) starting on 1 April 2019. This merge will result in an estimated annual income of more than $400 million.
It will step up these companies to mid-tier groups and allow for an increased market presence and bigger investment opportunities. However, Doray will continue to be listed on the ASX singularly until April 9, when it will be permanently removed.
Please find the announcement attached here: https://hotcopper.com.au/data/pricesensitive/announcements/ASX/6A925226_SLR.html