Business
Result of AGM and Share Consolidation
Result of AGM and Share Consolidation.
About this update from Aterian Plc
[{"type":"text","content":"\n \nRNS Number : 6392T Equatorial Mining & Exploration PLC 15 November 2019 \n\n15 November 2019\nEquatorial Mining and Exploration Plc\n(\"EME\" or the \"Company\")\nResult of AGM and Share Consolidation \n \nEME is pleased to announce that at the Company's Annual General Meeting (\"AGM\") held today 15 November 2019, all of the resolutions proposed, as set out in the Notice of AGM, were duly passed.\nShare Consolidation \nConsequently, the Company will consolidate every one hundred (100) Ordinary Shares into one (1) Ordinary Share with a par value of £0.01 each, will come into effect at 7:30am on 18 November 2019 (\"Admission\"). Upon Admission, the Company will have 360,248,495 Ordinary Shares in issue. There are no shares held in treasury.\nFollowing the share consolidation, the issued share capital of the Company will be 360,248,495 ordinary shares of 1 pence each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.\n \nName Change\nThe change of name to Eastinco Mining PLC will be effective once the Change of Name Certificate has been issued by Companies House Registry. The Company will issue a further announcement once this has been received.\n \nInvestment Disposal\nThe Company has disposed of its holding in EMEMine Nigeria Limited for a nominal value. The company has no investments in Nigeria, but will continue to seek additional mineral resource investment opportunities across Africa.\n \nThe directors of Equatorial Mining and Exploration Plc accept responsibility for this announcement.\n \nEquatorial Mining & Exploration Plc: [email protected] \nCharles Bray, Executive Chairman\nNEX EXCHANGE CORPORATE ADVISER:\nAlexander David Securities Limited \nDavid Scott -Corporate Finance \nJames Dewhurst - Corporate Broking \nTelephone: +44 (0) 20 7448 9820\nhttp://www.ad-securities.com\n49 Queen Victoria Street, London EC4N 4SA\n \...