Business
Results of General Meeting
Results of General Meeting.
About this update from Metals Exploration Plc
[{"type":"text","content":"\n\n9 January 2025 \nMETALS EXPLORATION PLC\n(\"MTL\" or the \"Company\")\nResults of General Meeting\nOn 4 December 2024, the boards of the Company and Condor Gold plc (\"Condor Gold\") announced that they had reached agreement on the terms and conditions of a recommended offer (the \"Offer\") for the entire issued and to be issued ordinary share capital of Condor Gold by the Company (the \"Acquisition\").\nThe Acquisition is being implemented by way of a court-sanctioned scheme of arrangement between Condor Gold and Condor Gold ordinary shareholders pursuant to Part 26 of the Companies Act 2006 (the \"Scheme\"). On 11 December 2024, the board of the Company and Condor Gold announced that a circular relating to the Scheme had been published (the \"Scheme Document\").\nOn 13 December 2024, the Company announced that it had published a circular (the \"Circular\") containing details of, inter alia, the proposed issue of new ordinary shares in the Company in connection with the Acquisition (the \"New MTL Shares\").\nUnless otherwise indicated, defined terms in this announcement shall have the same meanings as those given to them in the Scheme Document.\nResults of the General Meeting\nThe Company is pleased to announce that the Company's General Meeting was held earlier today and that both resolutions were duly passed.\nAt the General Meeting, as more particularly described below, the requisite majority of MTL Shareholders voted to pass the ordinary resolution giving the MTL directors authority to allot New MTL Shares and the special resolution to disapply statutory pre-emption rights in connection with the allotment of the New MTL Shares. Full details of the resolutions that were proposed are set out in the notice of the General Meeting contained in the Circular.\nThe results of the poll at the General Meeting are set out in the table below. Each MTL Shareholder present in person or by proxy was entitled to one vote for each MTL Share held at the voting record time for the General Meeting.\n\n\n\n\nResolution\n\n\nVotes for\n\n\nVotes against\n\n\nTotal votes(3)\n\n\nWithheld votes(2)\n\n\n\n\n \n\n\nNumber\n\n\n%(1)\n\n\nNumber\n\n\n%(1)\n\n\nNumber\n\n\nNumber\n\n\n\n\n1. General authority of Directors to allot Ordinary Shares in relation to the Acquisit...