Business
Result of General Meeting
Result of General Meeting.
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n \n Result of General Meeting\n \n \n \n \n For immediate release\n 26 February 2020\n Serabi Gold Plc\n (“Serabi” or the “Company”)\n Results of General Meeting\n \n Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, announces that at the General Meeting of the Company held at 2:00 pm on 26 February 2020 (the “General Meeting”), Shareholders approved all the ordinary and special resolutions (the “Resolutions”) proposed in the notice of meeting dated 22 January 2020.\n The voting was determined by a poll and the results in respect of each resolution were as follows:\n \n \n \n RESOLUTION\n \n \n VOTES\n FOR\n \n \n %\n \n \n VOTES\n AGAINST\n \n \n %\n \n \n VOTES\n TOTAL\n \n \n % of ISC* VOTED\n \n \n VOTES\n WITHHELD\n \n \n \n 1. That the waiver granted by the Panel on Takeovers and Mergers is approved. \n 26,625,662\n 99.4%\n 173,333\n 0.6%\n 26,798,995\n 45.5%\n Nil\n \n \n 2. That the Directors are authorised to allot shares, grant rights or convert any security up to a nominal value of £2,884,908. \n 41,512,781\n 99.6%\n 173,347\n 0.4%\n 41,686,128\n 70.8%\n 837\n \n \n 3. That the proposed Subscription Deed between Greenstone and the Company be approved \n 26,625,662\n 99.4%\n 173,333\n 0.6%\n 26,798,995\n 45.5%\n Nil\n \n \n 4. That the Directors are empowered to allot equity securities for cash up to a nominal value of £2,884,908 \n 41,513,618\n 99.6%\n 173,347\n 0.4%\n 41,686,965\n 70.8%\n NIl\n \n \n * ISC – Issued Share Capital\n Resolution 1 was taken in accordance with the City Code on a poll of Independent Shareholders present and by proxy voting at the Meeting. Members of the Concert Party were not permitted to vote on Resolution 1 or Resolution 3.\n Following the approval by Shareholders of the Resolutions, the Company intends to make a drawdown request to Greenstone for the full US$12 million under the Subscription Deed, following which, Greenstone shall have up to 13 business days in which to pay the funds due under the subscription request, upon receipt of which, the Convertible Loan Notes will be issued.\n A further announcement will be in due course.\n \n Enquiries:\n \n \n \n \n Serabi Gold plc\n \n \n \n \n \n \n \n Michael Hodgson\n \n \n Tel: +44 (0)20 7246 6830\n \n \n \n \n Chief Executive\n \n \n Mobile\n : +44 (0)7799 47362...