Harmony Acquires MAC Copper Limited: MAC Shareholders Approve Proposed Scheme

In a significant development, MAC Copper Limited (NYSE:MTAL, ASX:MAC) has announced the approval of a proposed acquisition by Harmony Gold (Australia) Pty Ltd. The acquisition, which is subject to several conditions, including court approval, received overwhelming support from the company's shareholders.

The approval process took place at a General Meeting and a Court Meeting, where resolutions were put forward for the shareholders' consideration. Resolutions 1 and 2 of the General Meeting were carried with 97.72% and 97.72% of votes in favour, respectively. At the Court Meeting, 98.43% of the votes cast were in favour of the resolution to approve the acquisition scheme.

A total of 68,601,012 and 68,514,746 votes were cast for Resolutions 1 and 2, respectively. Out of these, 14 and 16 shareholders voted for the resolutions at the General Meeting and Court Meeting, respectively. Interestingly, 1,476,389 and 1,476,389 votes were cast against Resolutions 1 and 2, respectively, indicating a strong support for the proposed acquisition.

The acquisition will be done under a Jersey law scheme of arrangement. If the Court sanctions the scheme, MAC Shares are expected to be suspended from trading on the NYSE on 10 October 2025. Similarly, MAC CDIs are expected to be suspended from quotation on the ASX on 13 October 2025.

MAC Copper Limited is a company focused on operating and acquiring metals and mining businesses in high quality, stable jurisdictions. The proposed acquisition by Harmony Gold Mining Company Limited marks a significant step in MAC's growth strategy.

It is worth noting that 87.50% of Scheme Shareholders present and voting at the Court Meeting voted in favor of the resolution to approve the Scheme. This represents a strong endorsement of the proposed acquisition by the company's shareholders.

However, the information about which company received the majority of votes at the MAC Copper Limited meeting for the approval of the takeover by Harmony Gold Mining Company Limited is not provided in the available search results.

The announcement was authorized for release by Mick McMullen, CEO and Director of MAC Copper Limited. Contact information for MAC's proxy solicitation firm, Sodali & Co, is provided for MAC Shareholders and MAC CDI Holders.

MAC will apply to the Royal Court of Jersey for orders sanctioning the Scheme on 9 October 2025. The next steps in the acquisition process will be closely watched by the mining industry and investors alike.