REG-Anglesey Mining PLC: AGM -Chairman's remarks -Voting -Grant of share options <Origin Href="QuoteRef">AYM.L</Origin>

Anglesey MiningAnnouncement

03/10/2016 10:40

AGM 2016 - Chairman's remarks - Voting - Grant of share options

Chairman's remarks at AGM

At the shareholder’s annual meeting held today, the Chairman, John Kearney,
made a presentation outlining the company’s plans for the coming year
and his expectation that the price of zinc will move significantly higher in
the near future, due to reduced production worldwide from mine closures and
forecasts of increases in demand, and that these higher zinc prices would
continue for a number of years.

Mr Kearney noted that the company had previously announced that it was
updating its earlier scoping and economic studies on its Parys Mountain
zinc/lead/copper/silver/gold property in Wales. He reported that this updated
scoping study is being prepared by Micon International Limited and by Fairport
Engineering Limited, both of which are acknowledged experts and leaders in the
resources sector, and it is expected that the updated study will be presented
to the company later in the autumn.

Grant of share options

The company also announces that it has today granted a total of 3,500,000
options to subscribe for ordinary shares at a price of 2 pence per share under
the unapproved share option scheme to the directors in the amounts set out
below:

Bill Hooley                          Chief Executive        
                      1,000,000

Danesh Varma                   Finance Director              
              1,000,000

John Kearney                    
Chairman                                          500,000

Howard Miller                     Non executive
Director                     500,000

David Lean                         Non executive
Director                     500,000

These share options, which were granted by the remuneration committee and
approved by the board, will vest after one year from date of grant, with a
term of five years expiring on the 30 September 2021.  All options are
subject to a performance criterion, namely that the company’s share price
performance over the period from grant to exercise must exceed that of the
companies in the top quartile of the FTSE 100 index.

The company points out that all the directors have waived entitlement to
remuneration for more than the last 24 months.

Voting at the AGM

In respect of the voting at the company’s AGM held on 28 September 2016 the
directors are pleased to report that all resolutions were passed unanimously
on a show of hands.

The valid proxies recorded in respect of voting at the meeting were as
follows:

     Resolution                                                               In Favour   Against  Withheld  
 1   To receive the report and accounts                                       58,705,088  750      0         
 2   To approve the directors’ remuneration policy report                     58,680,949  24,486   400       
 3   To approve the directors’ remuneration report                            58,685,685  19,250   900       
 4   To reappoint John F. Kearney as a director                               58,689,460  16,375   0         
 5   To reappoint Bill Hooley as a director                                   58,690,085  15,750   0         
 6   To reappoint David Lean as a director                                    58,690,585  15,750   500       
 7   To reappoint Howard Miller as a director                                 58,690,085  15,750   0         
 8   Withdrawn                                                                                               
 9   To reappoint Danesh Varma as a director                                  58,705,085  750      0         
 10  To reappoint Mazars LLP as auditors                                      58,703,035  750      2,050     
 11  To authorise the directors to determine the remuneration of the auditor  58,705,085  750      0         
 12  To authorise the directors to issue new share capital                    58,683,724  21,611   500       
 13  To dis-apply pre-emption rights in respect of certain issues of shares   58,682,299  17,800   5,736     
                                                                                                             
                                                                                                             

Notes

1. Votes were received in respect of 58,705,835 shares representing 36.6% of
the issued share capital.

2. Any proxy appointments which gave discretion to the chairman have been
included in the “For” total.

3. The full text of the resolutions is shown in the notice of the AGM which is
available in the annual report and on the website.

Total voting rights

The issued ordinary share capital of the company is 160,608,051 shares with
voting rights; there are no shares in treasury.

The above figure may be used by shareholders as the denominator for the
calculations which will determine whether they are required to notify their
interest in the company, or any change to that interest, under the FSA’s
Disclosure and Transparency Rules.

Following the grant of the share options set out above, the aggregate share
options outstanding will represent 5.3% of the 160,608,051 ordinary shares in
issue.

For further information, please contact:

Danesh Varma, Finance Director +44 (0)207 6539881



Copyright (c) 2016 PR Newswire Association,LLC. All Rights Reserved