Ramelius and Spartan merger receives favorable ATO tax ruling

Ramelius Resources Limited confirmed that the Australian Taxation Office has issued Class Ruling 2025/55, detailing the income tax implications for Spartan Resources Limited shareholders following the acquisition by Scheme of Arrangement. The ruling clarifies that the exchange of Spartan shares for Ramelius shares and a cash component of A$0.25 per Spartan share is a capital gains tax (CGT) event A1, which occurred on July 31, 2025. Eligible Spartan shareholders may choose partial scrip-for-scrip rollover relief for the share component of their capital gain.

Concurrent with the tax ruling, Ramelius announced the quotation of 868,249 new ordinary fully paid shares, issued under an employee incentive scheme. These shares, not subject to transfer restrictions, will rank equally with existing shares. This issuance increases the total quoted ordinary fully paid shares to 1,913,933,119 and reduces unquoted performance rights to 8,021,245.

A change in director’s interest notice for Mark William Zeptner detailed the acquisition of 730,917 fully paid ordinary shares. This resulted from the exercise of 730,917 vested unlisted performance rights expiring on July 1, 2027, and increased his direct holdings while decreasing his unvested performance rights.