FMG Pilbaras Compulsory Acquisition of Red Hawk Mining Limited

FMG Pilbara Pty Ltd, a wholly owned subsidiary of Fortescue Ltd, has initiated a compulsory acquisition process for all remaining shares of Red Hawk Mining Limited. Following an off-market takeover bid under Chapter 6 of the Corporations Act 2001, FMG Pilbara has secured over 90% of Red Hawk’s (ASX: RHK) shares. As a result, it is exercising its right to acquire the remaining shares at AU$1.20 per share. Shareholders who have not yet accepted the offer may still do so before the deadline of March 3, 2025, to receive payment sooner. Otherwise, shares will be compulsorily acquired, and payments will be processed through Red Hawk. Trading of Red Hawk shares will be suspended, and the company will be removed from the ASX official list. Shareholders may seek further information or raise objections within the prescribed legal timeframe.

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