Timah Resources Limited (ASX:TML) has issued a Notice of Extraordinary General Meeting to be held on Wednesday, 9 December 2026, at which shareholders will vote on the proposed acquisition of 40% of the issued shares in Cash Horse (M) Sdn Bhd from Cash Nexus (M) Sdn Bhd for total consideration of RM31,613,227.

Key Points

  • Extraordinary General Meeting scheduled for 9 December 2026 at 11:00 a.m. Melbourne time at the company's registered office, 28 Drummond Street, Carlton, Victoria
  • Shareholders will vote on the acquisition of 40% of issued shares in Cash Horse (M) Sdn Bhd from Cash Nexus (M) Sdn Bhd for RM31,613,227, to be paid in cash on a deferred basis over 10 years with interest accruing on the outstanding balance
  • The resolution requires approval under section 208 of the Corporations Act 2001 and ASX Listing Rule 10.1
  • An Independent Expert has determined the proposed transaction is fair and reasonable to non-associated shareholders
  • Shareholders registered at 7:00 p.m. Melbourne time on 7 December 2026 are entitled to vote

Acquisition Terms and Payment Structure

Under the proposed transaction, Timah Resources would acquire 40% of the issued shares in Cash Horse (M) Sdn Bhd from Cash Nexus (M) Sdn Bhd. The total consideration of RM31,613,227 is to be satisfied entirely in cash on a deferred payment basis over a period of 10 years commencing from the completion date, or such other period as may be mutually agreed between Cash Nexus and Timah from time to time. Interest will accrue on the outstanding balance at the agreed Cash Rate, as described in the Explanatory Memorandum accompanying the notice.

Independent Expert Assessment and Voting Restrictions

An Independent Expert's Report has been prepared for the purposes of shareholder approval required under section 208 of the Corporations Act 2001 and ASX Listing Rule 10.1. The Independent Expert has determined that the proposed transaction is fair and reasonable to non-associated shareholders. In accordance with the Corporations Act and ASX Listing Rule 14.11, votes cast by or on behalf of Cash Nexus (M) Sdn Bhd, Cepatwawasan Group Berhad, any related party to whom the resolution would permit a financial benefit, and their respective associates will be excluded or disregarded on Resolution 1.

Meeting Format and Shareholder Voting Arrangements

The Extraordinary General Meeting will be held at the company's registered office at 28 Drummond Street, Carlton, Victoria 3053. Shareholders may vote by attending in person, appointing an attorney, sending a corporate representative, or by completing and returning a proxy form. The notice was dated 6 November 2026 and signed by Company Secretary Andrew Wallis by order of the board. All shareholders registered at 7:00 p.m. Melbourne time on 7 December 2026 are entitled to vote at the meeting.