Toro Energy Ltd (ASX: TOE) has cleared a major regulatory hurdle in its proposed acquisition by IsoEnergy Ltd, with the Federal Court of Australia ordering the convention of a shareholder meeting.
On 30 April 2026, the Court approved the dispatch of a comprehensive Scheme Booklet, which will be sent to shareholders around 7 May 2026.
This document contains critical information regarding the 100% acquisition of Toro shares by IsoEnergy’s subsidiary, Iso Australia Operations.The Scheme Meeting is scheduled for 10:00 AM (AWST) on 9 June 2026 in West Perth.
Toro’s independent board committee continues to unanimously recommend the deal, provided no superior proposal emerges and an independent expert maintains that the transaction serves the best interests of shareholders.
If approved, the scheme is expected to become effective on 16 June 2026, with a final implementation date of 25 June 2026.
At the time of reporting Toro Energy’s share price was $0.56