Condor Gold Schedules Hearing for Shareholder Meeting

Condor Gold Plc has announced a hearing to convene a meeting of its shareholders. The meeting is part of the process to approve a scheme of arrangement related to a proposed offer from Metals Exploration plc. This offer involves acquiring the entire issued and to be issued ordinary share capital of Condor Gold.

The hearing, known as the Convening Hearing, is scheduled for December 9, 2024, and will be held online. Shareholders interested in being represented can contact the company secretary. If approved, a scheme document detailing the proposal will be published.

This is a key step in the acquisition process, as it requires approval from the majority of shareholders holding 75% in value. The court may then sanction the scheme, further advancing the acquisition.