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 |
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| Via Tavistock Communications Limited | +44 (0) 207 920 3150 |
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| Nominated & Financial Adviser: | STRAND HANSON LIMITED |
| James Spinney, James Dance, Rob Patrick | +44 (0) 207 409 3494 |
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| Broker: | HANNAM & PARTNERS |
| Matt Hasson, Franck Nganou | +44 (0) 207 907 8500 |
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| Public Relations: | TAVISTOCK COMMUNICATIONS LIMITED |
| Jos Simson, Nick Elwes | +44 (0) 207 920 3150 |
Web: www.metalsexploration.com
Twitter: @MTLexploration
LinkedIn: Metals Exploration
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