REG - Capital Metals PLC - Result of AGM

Capital MetalsAnnouncement

29/09/2023 12:30

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RNS Number : 1993O  Capital Metals PLC  29 September 2023

29 September 2023

 

Capital Metals plc

 

("Capital Metals" or the "Company")

 

Result of Annual General Meeting

 

Capital Metals (AIM: CMET), a mineral sands company approaching mine
development stage at the high-grade Eastern Minerals Project in Sri Lanka (the
"Project"), announces that at the Annual General Meeting ("AGM") held earlier
today all the resolutions put to the meeting were duly approved by
shareholders.

 

The numbers of votes for each resolution are presented below:

 

     Ordinary Resolution                                                             For         Against  Withheld
 1.  To authorise the re-appointment of Greg Martyr                                  46,970,391  15,585   61
 2.  To re-appoint PKF Littlejohn LLP as auditors                                    46,970,391  15,585   61
 3.  To authorise the directors to allot and issue ordinary shares and grant rights  46,970,391  15,585   61
     to subscribe for shares up to an aggregate nominal value of £240,000
     Special Resolution
 4.  To authorise the directors to issue equity securities wholly for cash on a      46,870,391  115,585  61
     non-pre-emptive

     basis pursuant to the authority conferred by resolution number 3 above

 

Notes:

1. The "For" Proxy vote includes those giving the Chair of the AGM discretion

2. A vote "Withheld" is not a vote in law and is not included in the proxy
votes "For" or "Against" the resolution

 

For further information, please visit www.capitalmetals.com
(http://www.capitalmetals.com) or contact:

 

 Capital Metals plc                           Via Vigo Consulting

 Greg Martyr (Chairman)
 Vigo Consulting (Investor Relations)         +44 (0)20 7390 0234

 Ben Simons / Peter Jacob                     capitalmetals@vigoconsulting.com (mailto:capitalmetals@vigoconsulting.com)
 SPARK Advisory Partners (Nominated Adviser)  +44 (0)20 3368 3554

 Neil Baldwin / James Keeshan
 Tavira Financial                             +44 (0)20 7100 5100

 Jonathan Evans / Oliver Stansfield

 

About Capital Metals

 

Capital Metals plc is a British company listed on the London Stock Exchange
and one of only a few foreign investors in Sri Lanka's mining industry. After
investing US$11 million in exploration and development activities including
detailed environmental assessments between 2017 and 2022, the Company's Sri
Lankan subsidiary, Damsila Exports (Pvt) Limited, was issued an initial two
licences in August 2022 to mine heavy mineral sands in the Eastern Province,
containing industrial minerals including ilmenite, rutile, zircon, and garnet.

 

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