On 2 October 2025 the Federal Court of Australia approved the compulsory acquisition by QGold Pty Ltd (QGold) of all of the fully paid ordinary shares in Carawine that QGold did not already own, in accordance with Part 6A.2 of the Corporations Act 2001 (Cth) on the terms set out in the compulsory acquisition notice lodged by QGold on 21 March 2024.
The Company was delisted from ASX after the close of trading on 14 October 2025 in accordance with Listing Rule 17.14.
QGold completed the compulsory acquisition process on 15 October 2025, with the compulsorily acquired shares transferred to QGold after Carawine received the total cash consideration for the compulsorily acquired shares from QGold.
If you were a registered holder of Carawine shares as at the close of trading on 14 October 2025 (Former Shareholder), your shares have been compulsorily acquired, and Carawine is holding the cash consideration of A$0.11 per share on trust for you.
Two letters dated 24 October 2025 and 25 November 2025 have been posted to the registered addresses of Former Shareholders, containing additional important information regarding the compulsory acquisition of their shares.
An Information Line has also been established for Former Shareholders and may be accessed by calling MUFG Corporate Markets (AU) Limited on 1800 703 344 (from within Australia) or +61 1800 703 344 (from outside Australia).
Former Shareholders who did not receive either letter should call the Information Line and request replacement letters be mailed to them.
Please note that, in accordance with the orders of the Federal Court of Australia made on 14 November 2025, payments to Former Shareholders for their compulsorily acquired shares have been suspended, pending the hearing and determination of two separate appeals from the 2 October 2025 decision to approve the compulsory acquisition. The appeals were filed with the Federal Court of Australia on 28 October 2025 as QUD791/2025 and QUD802/2025.
Further details of the appeals are included in the letter dated 25 November 2025. Publicly available information regarding the appeals, including the full orders of the Court made 14 November 2025 can be accessed by conducting a Federal Law Search for file numbers QUD791/2025 and QUD802/2025 on the Commonwealth Courts Portal, via the following internet address: www.comcourts.gov.au/pas/fed_esearch.
Former Shareholders are encouraged to ensure their contact details are kept up to date with MUFG Corporate Markets (AU) Limited, as correspondence regarding the compulsory acquisition will primarily be via mail.
If you have any other questions related to your former shareholding, you can contact MUFG as above, or as follows:
MUFG Corporate MarketsA division of MUFG Pension & Market Services
Level 12, QV1 Building250 St Georges TerracePerth WA 6000p: +61 1300 554 474e: support@cm.mpms.mufg.comw: mpms.mufg.com
Alternatively, visit the MUFG Investor Centre.
