Adriatic Metals PLC
("Adriatic" or the "Company")
RESULT OF ANNUAL GENERAL MEETING
Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) held its Annual General Meeting ("AGM") at 9.00am BST on 22 May 2024 at 3 Hanover Square, London W1S 1HD, United Kingdom.
Each of the resolutions contained in the Notice of Meeting was put to the AGM and voted on by way of a poll. All were duly approved. The total number of votes received on each resolution put to the AGM was as follows:
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| Resolution | Votes FOR1 | % | Votes AGAINST | % | Votes WITHHELD2 |
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| ORDINARY RESOLUTIONS |
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| 1 | Approve the Annual report and Financial Statements and the Auditor's and Directors' reports for the 12 months ended 31 December 2023 | 98,519,280 | 100.00 | 309 | 0.00 | 5,433 |
| 2 | Approve the Directors' Remuneration Report | 98,383,522 | 99.98 | 19,228 | 0.02 | 122,272 |
| 3 | Re-elect Michael Rawlinson as a Director | 87,171,726 | 89.75 | 9,954,310 | 10.25 | 1,398,986 |
| 4 | Re-elect Peter Bilbe as a Director | 88,636,208 | 91.26 | 8,489,828 | 8.74 | 1,398,986 |
| 5 | Re-appoint BDO LLP as Auditor
| 98,487,780 | 100.00 | 309 | 0.00 | 36,933 |
| 6 | Authorise the Audit & Risk Committee to determine remuneration of the Auditor | 98,476,780 | 99.99 | 5,309 | 0.01 | 42,933 |
| 7 | Authorise Directors to allot shares under s551 Companies Act 2006 | 96,644,149 | 98.14 | 1,836,440 | 1.86 | 44,433 |
| 8 | Approve for the purposes of ASX Listing Rule 10.14, the issue of up to 499,240 Performance Rights to Paul Cronin (or his nominees) under the ESOP | 97,287,727 | 99.85 | 142,484 | 0.15 | 1,094,811 |
| 9 | Ratify for the purposes of ASX Listing Rule 7.4, the issue of 14,777,632 Placement Shares | 93,979,372 | 99.85 | 144,946 | 0.15 | 4,400,704 |
| | SPECIAL RESOLUTIONS | | | | | |
| 10 | Authority to disapply pre-emption rights on allotment of shares | 96,576,693 | 98.14 | 1,827,991 | 1.86 | 120,338 |
| 11 | Authority to disapply pre-emption rights on allotment of shares | 96,570,751 | 98.14 | 1,833,933 | 1.86 | 120,338 |
| 12 | Notice period for General Meetings other than Annual General Meetings | 93,909,012 | 95.41 | 4,518,261 | 4.59 | 97,749 |
1. The "For" proxy vote includes those giving the Chairman discretion.
2. A vote "Withheld" is not a vote in law and is not counted in the calculation of the proxy votes "For" or "Against" the resolution.
The total number of ordinary shares in issue on 20 May 2024, the deadline for casting votes by proxy in advance of the AGM, was 306,222,045 shares. 32.17% of voting capital, including votes withheld, was instructed in respect of the resolutions put to the AGM.
The full text of the resolutions can be found in the Notice of Annual General Meeting, which is available on the Company's website at https://www.adriaticmetals.com/2024-agm/
In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed by the Company's shareholders, other than ordinary business will be submitted to the National Storage Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
** ENDS **
Market Abuse Regulation Disclosure
The information contained within this announcement is deemed by the Company (LEI: 549300OHAH2GL1DP0L61) to constitute inside information for the purposes of Article 7 of the EU Market Abuse Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. The person responsible for arranging and authorising the release of this announcement on behalf of the Company is Paul Cronin, Managing Director and CEO.
Authorised by Paul Cronin, Managing Director & CEO
For further information please visit: www.adriaticmetals.com; email: info@adriaticmetals.com, @AdriaticMetals on Twitter; or contact:
| Adriatic Metals PLC | |
| Paul Cronin / Klara Kaczmarek | Via Buchanan |
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| Buchanan | Tel: +44 (0) 20 7466 5000 |
| Bobby Morse/ Oonagh Reidy | |
| Morgans Corporate Limited |
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| Rob Douglas / Sam Warriner / Mitch Duffy | Tel: +61 7 3334 4888 |
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| RBC Capital Markets |
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| Farid Dadashev / James Agnew / Jamil Miah | Tel: +44 (0) 20 7653 4000 |
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| Stifel Nicolaus Europe Limited | |
| Ashton Clanfield / Callum Stewart / Varun Talwar | Tel: +44 (0) 20 7710 7600 |
| | |
| Citadel Magnus | |
| Cameron Gilenko | Tel: +61 2 8234 0100 |
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ABOUT ADRIATIC METALS
Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) is a precious and base metals mining company that is advancing the world-class Vares Silver Operation in Bosnia & Herzegovina, as well as the Raska Zinc-Silver Project in Serbia. First concentrate production took place in February 2024 and the Vares Silver Operation is fully funded to nameplate production, which is expected in Q4 2024. Concurrent with ongoing operational activities, the Company continues to explore across its highly prospective 44km2 concession package.
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