SolGold is in discussions about a takeover by Jiangxi Copper. It held a Court Meeting and a General Meeting on 23 February 2026 to vote on the scheme of arrangement (the legal mechanism for takeover). Read the court meeting results.
“At the Court Meeting, the requisite majority of Scheme Shareholders, who together represented more than 75% of the voting rights of all Scheme Shares, voted in favour of the resolution to approve the Scheme.
At the General Meeting, as more particularly described below, the requisite majority of SolGold Shareholders voted to pass the Special Resolution.”
Essentially, SolGold investors have now formally approved the takeover by Jiangxi Copper. In the end, 90% of the shares voted in favour, well ahead of the required 75%.
The deal is not yet legally completed, but shareholder approval has been secured, and the deal will proceed to legal approval, which is usually a formality. This is expected to occur in early March.
We had hoped for a counteroffer, but that now seems unlikely. The analysts had valued the company at 37p, but it seems we will have to accept 28p. A 177% return will have to do. Take profits.
Please let me know your thoughts by emailing me at venture@bytetree.com or tweeting me @AtlasPulse.
Many thanks,
Charlie Morris
Editor, Venture
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