Business
Result of General Meeting
Result of General Meeting.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n 28 February 2023\n \n \n \n \n Reabold Resources Plc\n \n \n \n \n (\"Reabold\" or the \"Company\")\n \n \n \n \n Result of General Meeting\n \n \n \n Reabold Resources plc, the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects\n , is pleased to announce that the resolutions put to shareholders at its General Meeting held earlier today, in connection with the proposed authority to buyback ordinary shares, Capital Reduction and adoption of new articles of association, were duly passed.\n \n \n Accordingly, the Company's adoption of the New Articles has now become effective, and the Company has now been granted Buyback Authority. This gives the Board flexibility in determining the mechanism it wishes to use to make a distribution to shareholders, with such distribution intended to be implemented following receipt of the second tranche of funds from the Corallian Sale. The Capital Reduction remains subject to Court approval and it remains the Company's expectation that registration of the Court Order and effective date of the Capital Reduction will be 28 March 2023.\n \n \n Further announcement(s) will be made in due course.\n \n \n Details of the votes cast for each of the proposed resolutions were as follows:\n \n \n \n \n \n \n \n Resolution\n \n \n \n \n \n \n Votes For\n \n \n \n \n \n \n %\n \n \n \n \n \n \n Votes Against\n \n \n \n \n \n \n %\n \n \n \n \n \n \n Total votes cast (excluding withheld)\n \n \n \n \n \n \n % of Issued Share Capital Voted\n \n \n \n \n \n \n Votes Withheld\n \n \n \n \n \n \n \n Resolution 1: Special resolution: To authorise the Company to make market purchases of its ordinary shares\n \n \n \n \n 2,898,933,791\n \n \n \n \n 99.45%\n \n \n \n \n 15,907,279\n \n \n \n \n 0.55%\n \n \n \n \n 2,914,841,070\n \n \n \n \n 31.76%\n \n \n \n \n 200,122,626\n \n \n \n \n \n \n Resolution 2: Special Resolution: To approve cancellation of the Company's Share Premium Account\n \n \n \n \n 3,096,891,899\n \n \n \n \n 99.55%\n \n \n \n \n 13,996,068\n \n \n \n \n 0.45%\n \n \n \n \n 3,110,887,967\n \n \n \n \n 33.90%\n \n \n \n \n 4,805,127\n \n \n \n \n \n \n Resolution 3: To adopt new Articles of Association of the Company\n \n \n \n \n 3,088,332,637\n \n \n \n \n 99.23%\n \n \n \n \n 23,846,903\n \n \n \n \n 0.7...