REG - Beowulf Mining PLC - Result of General Meeting

Beowulf MiningAnnouncement

05/03/2024 13:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240305:nRSE6771Fa&default-theme=true

RNS Number : 6771F  Beowulf Mining PLC  05 March 2024

 

5 March 2024

Beowulf Mining plc

("Beowulf" or the "Company")

Result of General Meeting

Beowulf (AIM: BEM; Spotlight: BEO), the mineral exploration and development
company, is pleased to announce that the resolutions tabled at its General
Meeting held earlier today were passed on a poll. The first and second
resolution were passed as ordinary resolutions and the second and third
resolutions were passed as special resolutions.

The number of votes lodged by proxy for and against each of the resolutions
proposed, and the number of votes withheld were as follows:

  Resolution                                                 Votes for   %      Votes against  %      Votes withheld
 Resolution 1 (Ordinary)                                     27,079,855  87.93  3,718,099      12.07  1,656,248

 To approve the proposed sub-division
 Resolution 2 (Ordinary)                                     27,064,355  87.88  3,733,599      12.12  1,656,248

 To authorise the Directors to allot shares in the Company
 Resolution 3 (Special)                                      26,927,618  87.43  3,870,336      12.57  1,656,248

 To disapply statutory pre-emption rights
 Resolution 4 (Special)                                      27,064,355  87.88  3,733,599      12.12  1,656,248

 To amend the Articles of Association

 

As at 5 March 2024, there were 1,157,187,463 ordinary shares in issue.
Shareholders are entitled to one vote per share. Votes withheld are not votes
in law and so have not been included in the calculation of the proportion of
votes for and against a resolution.

Share Capital Reorganisation

Following the passing of the resolutions at the General Meeting, each of the
Company's 1,157,187,463 Existing Ordinary Shares will be sub-divided into
one New Ordinary Share of 0.1p (the "New Ordinary Shares") and one deferred
share of 0.9p ("New Deferred Shares"). The New Deferred Shares will have
little economic value as they will not carry any rights to vote or dividend
rights, although the New Deferred Shares will rank pari passu with the New
Ordinary Shares on a return of capital or on a winding up of the Company.

 

Admission to AIM and Total Voting Rights

Dealings on AIM in the Existing Ordinary Shares is expected to cease at the
close of business on 5 March 2024. Application has been made for the admission
of 1,157,187,463 New Ordinary Shares to trading on AIM ("Admission") and it is
expected that Admission will take place and that trading in the New Ordinary
Shares will commence at 8.00 a.m. on or around 6 March 2024. No application
will be made for admission of the New Deferred Shares to trading on AIM nor
will any such application be made to any other exchange.

Following Admission, there will be a total of 1,157,187,463 New Ordinary
Shares, with voting rights, in issue. The Company does not hold any shares in
treasury. Consequently, 1,157,187,463 is the figure which may be used by
shareholders as the denominator for the calculation by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.

Unless otherwise indicated, all defined terms in this announcement shall have
the same meaning as described in the Company's announcement dated 16 February
2024 and the Circular which was posted to shareholders on the same day.

The full text of each resolution is available in the Notice of General
Meeting, published on the Company's website
(https://beowulfmining.com/gm-2024/).

 

Enquiries:

Beowulf Mining plc

Ed Bowie, Chief Executive Officer
ed.bowie@beowulfmining.com

 

SP Angel

(Nominated Adviser & Joint Broker)

Ewan Leggat / Stuart Gledhill / Adam Cowl         Tel: +44 (0) 20 3470
0470

 

Alternative Resource Capital

(Joint Broker)

Alex
Wood
Tel: +44 (0) 20 7186 9004

 

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  ROMSSLFDIELSEDD