Business
Result of General Meeting
Result of General Meeting.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n26 June 2024\nAIM: AAU\n \nRESULT OF GENERAL MEETING\n \n \nAriana Resources plc (\"Ariana\" or \"the Company\"), the AIM-traded mineral exploration and development company with gold project interests in Africa and Europe, is pleased to announce that at a General Meeting held at 12 noon today (the \"Meeting\"), an ordinary resolution for the Acquisition by Merger with Rockover Holdings Limited was approved by shareholders on a poll.\nCompletion of the all-share merger of the Company and Rockover Holdings Limited (\"Rockover\") in accordance with the merger implementation agreement (\"Merger\") is expected to take place on 28 June 2024. Based on the merger ratio, the Company will issue 687,817,998 new ordinary shares of 0.1p each (\"Ordinary Shares\") (being the Merger Shares) to acquire all the Rockover shares not already owned by Asgard Metals Fund (a company 100% owned by Ariana).\nOn completion of the Merger, the Company will confirm the appointments of the new directors, Nicholas Graham and Andrew du Toit, containing the information required under the AIM Rules.\nApplication has as previously announced been made to the London Stock Exchange for the admission of the Merger Shares, which will rank pari passu with all existing Ordinary Shares, to trading on AIM (\"Admission\"). Admission is expected to occur and dealings are expected to commence in the Merger Shares at 8.00 a.m. on 28 June 2024.\nUpon Admission, the Enlarged Issued Share Capital will be 1,834,181,328 Ordinary Shares.\nThe results of the poll put after the Meeting were as follows:\n\n\n\n\nRESOLUTION\n\n\nVOTES FOR\n\n\n%\n\n\nVOTES AGAINST\n\n\n%\n\n\nVOTES TOTAL\n\n\n% of ISC VOTED\n\n\nVOTES WITHHELD\n\n\n\n\n1\n\n\n298,256,487\n\n\n70.27%\n\n\n126,157,417\n\n\n29.73%\n\n\n424,413,904\n\n\n37.02%\n\n\n126,685\n\n\n\n\n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 (\"UK MAR\").\nContacts:\n \n\n\n\n\nAriana Resources plc\n\n\nTel: +44 (0) 20 3476 2080\n\n\n\n\nMichael de Villiers, Chairman\n\n\n\n\n\n\n\nKerim Sener, Managing Director\n\n\n\n\n\n\n\nBeaumont Co...