Simmons & Simmons Advised Greatland Resources On Its ASX listing, A$490 Million Fundraising, And UK Group Restructure

Simmons & Simmons Advised Greatland Resources On Its ASX listing, A$490 Million Fundraising, And UK Group Restructure

International law firm Simmons & Simmons advised Greatland Resources Limited on the UK aspects of its successful cross-listing on the Australian Securities Exchange (ASX) alongside its continued listing on the London Stock Exchange’s AIM Market (AIM), a A$490 million (approximately £235 million) fundraising in Australia, a £7 million UK retail offer, and the reorganisation of its group structure via a UK Court-approved Scheme of Arrangement.

The cross-listing and restructuring come after Greatland’s US$475 million acquisition of the Havieron gold-copper project and the Telfer gold-copper mine in 2024, partially funded by a US$325 million placing, and followed by its readmission to AIM. With this milestone, Greatland Resources becomes the Australian holding company of the Greatland Group, now listed on both ASX and AIM with a market capitalisation of over £2.1 billion (A$4.5 billion).

The A$490 million fundraising included a A$50 million primary offering of new shares and the A$440 million secondary sale of shares by major shareholder Newmont.

Commenting on the transaction, Alexander Keepin said:

“It has been a privilege to support Greatland again. Today’s cross-listing on the ASX and AIM of Greatland completes its transformation into a leading cross-listed new Australian gold and copper producer. We congratulate the team on another important step and look forward to working with Greatland as it capitalises on its world-class assets.”

The Simmons & Simmons team was led by Alexander Keepin (Partner), supported by Lucy MacDonald (Associate). Charles Hawes (Partner) advised on US securities law matters. King & Wood Mallesons advised Greatland in Australia, having also supported the company in its 2024 transaction.

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