TRQ - Turquoise Hill receives interim court order for proposed arrangement with Rio Tinto

• Turquoise Hill Resources ( NYSE: TRQ ) announced on Friday the receipt of an interim court order for its proposed plan of arrangement with Rio Tinto ( NYSE: RIO ).
• As previously announced, the companies reached a deal for Rio Tinto ( RIO ) to acquire the ~49% of the issued and outstanding common shares of Turquoise Hill ( TRQ ) that Rio Tinto does not currently own for C$43/share in cash.
• The Supreme Court of Yukon granted an interim order in connection with the statutory plan of arrangement, authorizing the calling and holding of a special meeting of TRQ shareholders, the granting of dissent rights to registered shareholders and other matters relating to the conduct of the special meeting.
• The meeting will be held on Nov 1, 2022, with shareholders of record as of the close of business on Sep 19, 2022 entitled to participate and cast their votes.
• The statutory plan of arrangement will be implemented upon approval of at least two-thirds of the votes cast by shareholders present in person, virtually present or represented by proxy at the meeting, voting as a single class, and a simple majority (more than 50%) of the votes cast.

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