Business
Result of General Meeting
Result of General Meeting.
About this update from Firering Strategic Minerals Plc
[{"type":"text","content":"\n\n19 June 2024\nFirering Strategic Minerals Plc\n(\"Firering\", the \"Company\" or the \"Group\")\n \nResult of General Meeting\n \nFirering Strategic Minerals Plc (AIM:FRG), an exploration and development company focusing on strategic minerals, announces that, at the General Meeting held earlier today, the Resolution to permit allotment of shares in relation to the Fundraising announced on 28 May 2024 (RNS titled \"Placing and Subscription\") was passed.\n \nAllotment of Shares\n \nOn 29 May 2024 it was announced (RNS titled \"Result of Placing, Subscription and WRAP Retail Offer\") that the Company resolved to issue a total of 73,761,586 Ordinary Shares under the Placing, Subscription and WRAP Retail Offer at an issue price of 2.9 pence per Ordinary Share to raise £2.139 million. This follows an announcement on 28 May 2024 (RNS titled \"Placing and Subscription\") confirming that certain directors of the Company, together with their related parties (\"Subscribing Directors\"), intended to subscribe for Ordinary Shares at the Issue Price for a minimum of £0.18 million (\"Directors' Subscription\") once the Company has published its audited accounts for year ending 31 December 2023, and is out of its current \"closed\" period, .\n \nThe Company has today allotted a total of 72,037,449 Ordinary Shares (raising £2.089 million) in relation to the Placing, Subscription and WRAP Retail Offer.\n \nThe Subscribing Directors have confirmed an intention to now subscribe for a minimum of £0.23 million, such that the amount to be raised, in aggregate, under the Placing, Subscription, WRAP Retail Offer and Directors Subscription will raise £2.319 million, being the aggregate fundraising previously anticipated in the 29 May 2024 notification.\n \nAdmission and Total Voting Rights\n \nIt is expected that admission of the 72,037,449 Ordinary Shares to trading on AIM will commence at 8.00 a.m. on 20 June 2024.\nFollowing Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 173,874,148 with voting rights. 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 Company's issued share capital pursuant to the Comp...