Harmony completes acquisition of MAC Copper after court approval

The Royal Court of Jersey has sanctioned the acquisition of MAC Copper Limited (NYSE: MTAL) by Harmony Gold Mining Company Limited (NYSE: HMY) through a Jersey law scheme of arrangement.

MAC Copper intends to lodge the court orders with the Jersey Registrar of Companies on October 10, 2025, making the scheme legally effective. Trading of MAC shares will cease on both the NYSE and ASX at the close of trading on October 10, 2025.

The acquisition involves Harmony Gold (Australia) Pty Ltd, a wholly owned subsidiary of Harmony Gold Mining Company Limited, purchasing 100% of MAC Copper's issued share capital through the scheme of arrangement pursuant to Article 125 of the Companies (Jersey) Law 1991.

MAC CDIs will be suspended from ASX trading on October 13, 2025, before market opening. The NYSE delisting process will begin on October 14, 2025, with complete delisting scheduled for October 24, 2025. The ASX delisting is planned for November 3, 2025.

The scheme implementation date is set for October 24, 2025. Consideration payments to shareholders will occur between October 27 and October 31, 2025, depending on the holding structure.

MAC Copper describes itself as a company focused on operating and acquiring metals and mining businesses in jurisdictions supporting electrification and decarbonization of the global economy. The information is based on a press release statement from MAC Copper Limited.

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