23 August 2024
METALS EXPLORATION PLC
Result of General Meeting
Metals Exploration plc (AIM: MTL) ("Metals Exploration", "MTL", the "Company" or the "Group"), a gold producer in the Philippines, announces that at the General Meeting of the Company held earlier today, all resolutions set out in the Notice of General Meeting were passed on a poll.
The full text of the resolutions set out in the Notice of the General Meeting are contained in the Circular to shareholders dated 5 August 2024 that can be found on the Company's website at https://www.metalsexploration.com/investors.
Resolutions 1 to 4 (inclusive) were passed as ordinary resolutions. Resolution 5 was also passed as an ordinary resolution and, as required by the City Code on Takeovers and Mergers, this resolution was taken on a poll vote of Independent Shareholders as defined in the Circular. Resolutions 6 to 8 (inclusive) were passed as special resolutions.
Further announcement(s) will be made in due course following the passing of the Resolutions.
The following table sets out the votes cast on a poll on each resolution:
|
Resolution |
For Number of shares |
% of votes |
Against Number of shares |
% of votes |
Withheld Number of shares |
|
1. General authority of Directors to allot Ordinary Shares |
1,633,624,118 |
99.97% |
500,000 |
0.03% |
154,082 |
|
2. Authority of Directors to allot Ordinary Shares in respect of the 2023 Management Incentive Programme |
1,633,029,760 |
99.97% |
500,000 |
0.03% |
748,440 |
|
3. Approvals in respect of the Acquisition, the LTIP and Individual Option Agreements |
1,633,624,118 |
99.97% |
500,000 |
0.03% |
154,082 |
|
4. Approval of the Buy Back |
1,240,006,266 |
99.95% |
600,000 |
0.05% |
393,671,934 |
|
5. Approval of the Rule 9 Waiver Proposal |
490,006,266 |
99.88% |
600,000 |
0.12% |
1,143,671,934 |
|
6. General dis-application of statutory pre-emption rights |
1,632,734,199 |
99.92% |
1,315,369 |
0.08% |
228,632 |
|
7. Dis-application of statutory pre-emption rights in respect of 2023 Management Incentive Programme |
1,632,855,210 |
99.96% |
600,000 |
0.04% |
822,990 |
|
8. Dis-application of statutory pre-emption rights in respect of LTIP and Individual Option Agreements |
1,633,449,568 |
99.96% |
600,000 |
0.04% |
228,632 |
Note: A vote "Withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "For" and "Against" shown.
For further information please visit or contact:
|
Metals Exploration PLC |
|
|
Via Tavistock Communications Limited |
+44 (0) 207 920 3150 |
|
Nominated & Financial Adviser: |
STRAND HANSON LIMITED |
|
James Spinney, James Dance, Rob Patrick |
+44 (0) 207 409 3494 |
|
Broker: |
HANNAM & PARTNERS |
|
Matt Hasson, Franck Nganou |
+44 (0) 207 907 8500 |
|
Public Relations: |
TAVISTOCK COMMUNICATIONS LIMITED |
|
Jos Simson, Nick Elwes |
+44 (0) 207 920 3150 |
Web: www.metalsexploration.com
Twitter: @MTLexploration
LinkedIn: Metals Exploration