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