REG - Beowulf Mining PLC - Notice of General Meeting

Beowulf MiningAnnouncement

30/12/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221230:nRSd2520La&default-theme=true

RNS Number : 2520L  Beowulf Mining PLC  30 December 2022

 

 

30 December 2022

 

 

Beowulf Mining plc

("Beowulf" or the "Company")

Notice of General Meeting

On 20 December 2022, Beowulf (AIM: BEM; Spotlight: BEO), the mineral
exploration and development company, announced its intention to undertake, in
the first quarter of 2023, a preferential rights issue of Swedish Depository
Receipts ("SDRs") with a PrimaryBid retail offer of ordinary shares of 1 pence
each in the capital of the Company ("Ordinary Shares") in the UK.  The SDRs
represent interests in Ordinary Shares and the preferential rights issue of
SDRs will amount to approximately SEK 85 million (approximately £6.7 million)
before deduction for transaction related costs (the "Rights Issue"). The
PrimaryBid retail offer of Ordinary Shares in the UK, will amount to a maximum
of approximately SEK 27 million (approximately £2.1 million) before deduction
for transaction related costs (the "UK Issue" and, together with the Rights
Issue, the "Capital Raise").

 

In order to complete the Capital Raise without unnecessary delay, the Company
is to hold a General Meeting ("GM") in order to increase the authorities
granted at the 2022 Annual General Meeting (the "Existing Authority") to issue
an additional one third of the Company's existing share capital ("Existing
Share Capital") and to disapply pre-emption rights in respect of this issue
(the "Authority") to ensure that the Directors have the requisite authority
and flexibility to increase the Company's share capital, as needed.  The
Authority (and, for the avoidance of doubt, the Existing Authority) shall
expire on the date of the next annual general meeting of the Company in 2023.

 

Accordingly, the Company is pleased to announce that a GM of the Company will
be held at the Waterfront Building, Klarabergsviadukten 63, 101 23 Stockholm,
Sweden, at 08:00 a.m. CET on 17 January 2023.  The Notice of Meeting has been
posted to shareholders and the following documents are now available on the
Investor section of the Company's website under "GM 2023":
https://beowulfmining.com/ (https://beowulfmining.com/) :

 

- Notice of 2023 GM;

- Form of Proxy (Shareholders);

- Form of Proxy (Holders of SDRs); and

- Short Notice of GM (Holders of SDRs) (Swedish).

 

Shareholders who have elected to receive e-communications from the Company
have received a Form of Proxy containing a notification as to the availability
of the Notice of GM on the Company website. All other shareholders have
received a copy of the Notice of GM and a Form of Proxy.

 

Enquiries:

Beowulf Mining plc

Kurt Budge, Chief Executive Officer, Tel: +44 (0) 20 7583 8304

 

Sedermera Corporate Finance AB

Tel:  +46 (0) 40-615 14 10

 

SP Angel Corporate Finance LLP

Ewan Leggat / Stuart Gledhill / Adam Cowl

Tel: +44 (0) 20 3470 0470

 

Bird & Bird Advokat KB

Tel:  +46 (0)8 506 320 00

 

BlytheRay

Tim Blythe / Megan Ray Tel: +44 (0) 20 7138 3204

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NOGFEUFWUEESESE