Business
Result of Meeting
Result of Meeting.
About this update from Capital Metals Plc
[{"type":"text","content":"\n\n12 July 2023\n \nCapital Metals plc\n \n(\"Capital Metals\" or the \"Company\")\n \nResult of General Meeting\n \nCapital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka (the \"Project\"), announces that at the General Meeting (\"GM\") held earlier today all the resolutions put to the meeting were duly approved by shareholders.\n \nThe numbers of votes for each resolution are presented below:\n \n\n\n\n\n\n\nOrdinary Resolution\n\n\nFor\n\n\nAgainst\n\n\nWithheld\n\n\n\n\n1.\n\n\nTo authorise the directors to allot and issue ordinary shares and grant rights to subscribe for shares up to an aggregate nominal value of £240,000 (equating to 120,000,000 shares).\n\n\n44,538,711\n\n\n113,437\n\n\nNil\n\n\n\n\n\n\n\nSpecial Resolution\n\n\n\n\n\n\n\n\n\n\n\n\n\n2.\n\n\nTo authorise the directors to issue equity securities wholly for cash on a non-pre-emptive basis pursuant to the authority conferred by resolution number 1 above.\n\n\n44,542,148\n\n\n110,000\n\n\nNil\n\n\n\n \nNotes:\n1. The \"For\" Proxy vote includes those giving the Chair of the GM discretion\n2. A vote \"Withheld\" is not a vote in law and is not included in the proxy votes \"For\" or \"Against\" the resolution\n \nIssue of Warrants\n \nAs notified on 20 June 2023, and following the passing of resolutions at the GM, warrants to subscribe for 2,500,000 shares will be issued to the Company's broker, Tavira Financial, pursuant to its engagement terms.\n \nFor further information, please visit www.capitalmetals.com or contact:\n \n\n\n\nCapital Metals plc\nGreg Martyr (Chairman)\n\n\nVia Vigo Consulting\n\n\n\n\nVigo Consulting (Investor Relations)\nBen Simons / Peter Jacob\n\n\n+44 (0)20 7390 0234\[email protected]\n\n\n\n\nSPARK Advisory Partners (Nominated Adviser)\nNeil Baldwin / James Keeshan\n\n\n+44 (0)20 3368 3554\n\n\n\n\nTavira Financial\nJonathan Evans / Oliver Stansfield\n\n\n+44 (0)20 7100 5100\n\n\n\n \nAbout Capital Metals\n \nCapital Metals plc is a British company listed on the London Stock Exchange and one of only a few foreign investors in Sri Lanka's mining industry. After investing US$11 million in exploration and development activities including detailed environmental assessment...