22 May 2024
Results from Aura Energy Limited General Meeting
Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company") advises that all resolutions contained in the Notice of General Meeting dated 19 April 2024, were carried by poll at the Company's General Meeting ("GM") held yesterday.
The GM was held, inter alia, to approve the issue of Shares and Options to two Persons Discharging Managerial Responsibilities PDMR): Andrew Grove and Philip Mitchell, in line with the Company's announcements of 23 April 2024 and 15 April 2024.
Application has been made for 11,833,330 ordinary shares of no par value each in the Company ("Ordinary Shares") to be admitted to trading on AIM, which is expected to commence on or around 30 May 2024 ("Admission").
On Admission, Andrew Grove and Philip Mitchell will hold a beneficial interest in 555,556 and 166,666 Ordinary Shares respectively, representing 0.078% and 0.23% per cent of the total issued share capital of the Company as at 30 May 2024.
In accordance with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act, details of the proxies received, votes cast and the outcome in respect of each resolution, please refer to Results of General Meeting.
Total voting rights
Following the issue and Admission of the 11,833,330 new Ordinary Shares, the Company's total issued share capital will consist of 752,598,983 Ordinary Shares. No shares are held in treasury. Accordingly, the total number of voting rights in the Company will be 752,598,983.
The above figure may 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 in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
ENDS
This announcement is approved for release by the Managing Director & CEO.
This Announcement contains inside information for the purposes of the UK version of the market abuse regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").
For further information, please contact:
| Andrew Grove Managing Director and CEO Aura Energy Limited +61 414 011 383 | Paul Ryan Morrow Sodali Investor & Media Relations +61 409 296 511 | SP Angel Corporate Finance LLP Nominated Advisor and Broker David Hignell Kasia Brzozowska Grant Barker +44 203 470 0470 |
About Aura Energy (ASX: AEE, AIM: AURA)
Aura Energy is an Australian-based mineral company with major uranium and polymetallic projects in Africa and Europe.
The Company is focused on developing a uranium mine at the Tiris Uranium Project, a major greenfield uranium discovery in Mauritania. The February 2024 FEED study demonstrated Tiris to be a near-term low-cost 2Mlbs U3O8 pa near term uranium mine with a 17-year mine life with excellent economics and optionality to expand to accommodate resource growth.
Aura plans to transition from a uranium explorer to a uranium producer to capitalise on the rapidly growing demand for nuclear power as the world shifts towards a decarbonised energy sector.
Beyond the Tiris Project, Aura owns 100% of the Häggån Project in Sweden. Häggån contains a global-scale 2.5Bt vanadium, sulphate of potash ("SOP") and uranium resource. Utilising only 3% of the resource, a 2023 Scoping Study outlined a 27-year mine life based on mining 3.5Mtpa.
Disclaimer Regarding Forward-Looking Statements
This ASX announcement (Announcement) contains various forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are inherently subject to uncertainties in that they may be affected by a variety of known and unknown risks, variables and factors which could cause actual values or results, performance or achievements to differ materially from the expectations described in such forward-looking statements. The Company does not give any assurance or guarantee that the anticipated results, performance or achievements expressed or implied in those forward-looking statements will be achieved.
Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR")
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name | 1) Andrew Grove 2) Philip Mitchell | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | 1) Managing Director and CEO 2) Non-Executive Chairman | ||||||
| b) | Initial notification/Amendment | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name | Aura Energy Limited | ||||||
| b) | LEI | 5493003D06RIWBKIKA27 | ||||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of no par value each in the Company AU000000AEE7 | ||||||
| b) | Nature of the transaction | Participation in fundraise | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information |
| ||||||
| e) | Date of the transaction | 21 May 2024 | ||||||
| f) | Place of the transaction | Outside a Trading Venue | ||||||
Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR")
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name | 3) Andrew Grove 4) Philip Mitchell | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | 3) Managing Director and CEO 4) Non-Executive Chairman | ||||||
| b) | Initial notification/Amendment | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name | Aura Energy Limited | ||||||
| b) | LEI | 5493003D06RIWBKIKA27 | ||||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of no par value each in the Company AU000000AEE7 | ||||||
| b) | Nature of the transaction | Participation in fundraise | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information |
| ||||||
| e) | Date of the transaction | 21 May 2024 | ||||||
| f) | Place of the transaction | Outside a Trading Venue | ||||||
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