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TORONTO - Dundee Precious Metals Inc. (TSX:DPM), a $3.75 billion market cap mining company whose stock has surged over 133% year-to-date, announced Wednesday that shareholders have approved the company’s proposed acquisition of Adriatic Metals plc and a corporate name change to DPM Metals Inc.
At a special meeting held Wednesday, DPM shareholders voted overwhelmingly in favor of both resolutions, with more than 99.7% supporting the share issuance required for the acquisition and 99.8% approving the name change.
The acquisition will be executed through a scheme of arrangement under UK law. Adriatic Metals shareholders have also approved the transaction at their own meetings held earlier the same day.
The deal still requires final approval from the High Court of Justice in England and Wales, with a hearing scheduled for August 29, 2025. If all conditions are met, the scheme is expected to become effective on September 3, 2025.
Approximately 73.19% of DPM’s outstanding shares were represented in the vote regarding the acquisition, while 75.23% participated in the name change decision.
Dundee Precious Metals is a Canadian-based gold mining company with operations in Bulgaria, Serbia and Ecuador. According to InvestingPro analysis, the company maintains a GOOD financial health score and has achieved impressive revenue growth of 26% in the last twelve months. The company aims to become a mid-tier precious metals producer through sustainable growth and strategic acquisitions. For detailed insights and comprehensive analysis, investors can access the full Pro Research Report, available exclusively on InvestingPro.
The information in this article is based on a press release statement from Dundee Precious Metals.
In other recent news, Dundee Precious Metals has confirmed ongoing discussions about a potential bid to acquire Adriatic Metals. The Canadian-based company has emphasized that these dialogues are still in progress and there is no certainty that an offer will be made. Details regarding the terms of any potential offer have not been disclosed. This announcement follows recent speculation about Dundee Precious Metals’ interest in Adriatic Metals. The company has clarified that these discussions do not constitute a firm intention to make an offer under the United Kingdom City Code on Takeovers and Mergers. Furthermore, Dundee Precious Metals is not obligated to pursue an offer at this stage. Investors are advised to stay informed as the situation develops.
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