Business
Result of General Meeting & Share Consolidation
Result of General Meeting & Share Consolidation.
About this update from Nativo Resources Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n25 February 2025\nNativo Resources Plc\n(\"Nativo\" or the \"Company\")\nResult of General Meeting\n&\nShare Consolidation\n \nNativo Resources Plc (LON:NTVO), which has interests in gold mines in Peru, announces that at the General Meeting (\"GM\") of the Company held earlier today, the resolution to approve the share consolidation was duly passed. \nThe resolution was passed which approved the consolidation of the Company's ordinary shares on a 1,500 for 1 basis, such that every 1,500 ordinary shares of 0.0001p each were consolidated into 1 ordinary share of 0.15p in nominal value (the \"Consolidation\").\nTo effect the Consolidation, 104 additional ordinary shares of 0.0001p each (\"Additional Shares\") have been allotted to an adviser of the Company so that the aggregate nominal value of the ordinary share capital of the Company before the Consolidation is exactly divisible by 1,500.\nAs a result, the Company's existing issued share capital of 74,935,895,896 ordinary shares of 0.0001p together with the Additional Shares was consolidated into 49,957,264 ordinary shares of 0.15p, each with one voting right. Admission in respect of such new ordinary shares will become effective and that dealings in those new ordinary shares will commence at 8:00 a.m. on 27 February 2025. As a result of the Consolidation, the ISIN of the ordinary shares will change from GB00BF0YPG76 to GB00BRYPS729.\nThe above figure of 49,957,264 should be used by shareholders in the Company 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\nThe results of the GM, which were determined by way of a poll, were as follows:\n\n\n\n\nResolution\n\n\nFor\n\n\n%\n\n\nAgainst\n\n\n%\n\n\nWithheld\n\n\n\n\n 1\n\n\n11,736,478,922...