REG - Europa Metals Ltd - Results of AGM and Issue of Equity

Europa MetalsAnnouncement

30/11/2021 13:00

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RNS Number : 0593U  Europa Metals Ltd  30 November 2021

30 November 2021

Europa Metals Ltd

("Europa Metals", the "Company" or the "Group") (AIM, AltX: EUZ)

Results of Annual General Meeting and Issue of Equity

Europa Metals, the European focused lead, zinc and silver developer, is
pleased to announce that the resolutions proposed at its Annual General
Meeting ("AGM") held earlier today, as set out in the Notice of Annual General
Meeting dated 29 October 2021 (the "Notice"), were all duly approved by
shareholders.

 

Defined terms used in this announcement have the same meanings as those
ascribed to them in the Notice and/or its associated Explanatory Statement
unless otherwise defined herein or the context requires otherwise.

 

A poll was taken at the AGM and in accordance with section 251AA of the
Corporations Act 2001, the following information is provided in respect of
each of the resolutions considered and voted upon at the AGM.

 

The total number of proxy votes exercisable by all proxies validly appointed
was in respect of 14,773,856 ordinary shares from the validly appointed
proxies of 16 shareholders.

 

Details of proxy and poll votes in respect of each of the resolutions set out
in the Notice are as follows.

 

Resolution 1: Re-election of Laurence Read as a director

 

 Manner in which securityholder directed the proxy vote          Manner in which votes were cast in person or by

 (at proxy close date)                                           proxy on a poll
 VOTES           VOTES           VOTES           VOTES           VOTES         VOTES         VOTES         VOTES

RESULT
 FOR             AGAINST         DISCRETIONARY   ABSTAIN         FOR           AGAINST       ABSTAIN
 11,663,779      3,109,591       486             -               11,960,884    3,109,591     -             Pass
 78.95%          21.05%          0.00%           N/A             79.37%        20.63%        N/A

 

Resolution 2: Approval to issue the Second Fundraising Shares

 

 Manner in which securityholder directed the proxy vote          Manner in which votes were cast in person or by

 (at proxy close date)                                           proxy on a poll
 VOTES           VOTES           VOTES           VOTES           VOTES         VOTES         VOTES         VOTES

RESULT
 FOR             AGAINST         DISCRETIONARY   ABSTAIN         FOR           AGAINST       ABSTAIN
 11,663,779      3,109,591       486             -               11,960,884    3,109,591     -             Pass
 78.95%          21.05%          0.00%           N/A             79.37%        20.63%        N/A

 

Resolution 3: Approval to issue Adviser Options to Bennelong Corporate
Limited

 

 Manner in which securityholder directed the proxy vote          Manner in which votes were cast in person or by

 (at proxy close date)                                           proxy on a poll
 VOTES           VOTES           VOTES           VOTES           VOTES         VOTES         VOTES         VOTES

RESULT
 FOR             AGAINST         DISCRETIONARY   ABSTAIN         FOR           AGAINST       ABSTAIN
 11,433,643      3,257,522       486             82,205          11,730,748    3,257,522     82,205        Pass
 77.83%          22.17%          0.00%           N/A             78.27%        21.73%        N/A

 

Resolution 4: General Authority to allot securities for non-cash
consideration purposes

 

 Manner in which securityholder directed the proxy vote          Manner in which votes were cast in person or by

 (at proxy close date)                                           proxy on a poll
 VOTES           VOTES           VOTES           VOTES           VOTES         VOTES         VOTES         VOTES

RESULT
 FOR             AGAINST         DISCRETIONARY   ABSTAIN         FOR           AGAINST       ABSTAIN
 11,666,706      2,322,918       486             73              11,963,811    2,322,918     73            Pass
 83.40%          16.60%          0.00%           N/A             83.74%        16.26%        N/A

 

Resolution 5: Disapplication of Pre-emption Rights (authority to allot
securities for cash consideration purposes)

 

 Manner in which securityholder directed the proxy vote          Manner in which votes were cast in person or by

 (at proxy close date)                                           proxy on a poll
 VOTES           VOTES           VOTES           VOTES           VOTES         VOTES         VOTES         VOTES

RESULT
 FOR             AGAINST         DISCRETIONARY   ABSTAIN         FOR           AGAINST       ABSTAIN
 11,430,839      3,342,458       486             73              11,727,944    3,342,458     73            Pass
 77.38%          22.62%          0.00%           N/A             77.82%        22.18%        N/A

 

Resolution 6: Amendments to the Company's Constitution

 

 Manner in which securityholder directed the proxy vote          Manner in which votes were cast in person or by

 (at proxy close date)                                           proxy on a poll
 VOTES           VOTES           VOTES           VOTES           VOTES         VOTES         VOTES         VOTES

RESULT
 FOR             AGAINST         DISCRETIONARY   ABSTAIN         FOR           AGAINST       ABSTAIN
 11,665,070      3,106,591       522             1,673           11,962,211    3,106,591     1,673         Pass
 78.97%          21.03%          0.00%           N/A             79.38%        20.62%        N/A

 

Issue of Equity and Total Voting Rights

 

Further to the approval of Resolution 2 at the AGM, the Company is proceeding
with the issue of the Second Fundraising Shares pursuant to the terms of the
Fundraising, full details of which were announced on 26 October 2021.

 

Accordingly, application has been made to the London Stock Exchange for
admission of the 5,434,676 Second Fundraising Shares to trading on AIM
("Admission") and to the Johannesburg Stock Exchange for quotation on AltX.
It is expected that Admission will become effective and that dealings in the
Second Fundraising Shares will commence at 8.00 a.m. on 1 December 2021.

 

Following Admission, the Company's total issued ordinary share capital will
comprise 79,130,649 Ordinary Shares with voting rights. This figure may be
used by Shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the Company's share capital pursuant to the Company's
Constitution.

 

Further to the approval of Resolution 3 at the AGM, the Company will shortly
proceed to issue 1,500,000 adviser options to Bennelong Corporate Limited on
the terms and conditions contained within Annexure A to the Explanatory
Statement (the "Adviser Options"). The Adviser Options are exercisable at 5
pence per share up to and including 30 November 2023.

For further information on the Company, please visit:

www.europametals.com

Linkedin: Europa Metals ltd

Twitter: @ltdeuropa

Vox: Europametals

or contact:

 

Europa Metals Ltd

Dan Smith, Non-Executive Director and Company Secretary (Australia)

T: +61 417 978 955

Laurence Read, CEO (UK)

info@europametals.com

 

 

Strand Hanson Limited (Nominated Adviser)

Rory Murphy/Matthew Chandler

T: +44 (0)20 7409 3494

 

WH Ireland Limited (Joint Broker)

Harry Ansell/Dan Bristowe/Katy Mitchell/Sarah Mather

T: +44 (0)20 7220 1666

 

Turner Pope Investments (TPI) Limited (Joint Broker)

Andy Thacker/James Pope

T: +44 (0)20 3657 0050

 

Sasfin Capital Proprietary Limited (a member of the Sasfin group)

Sharon Owens

T (direct): +27 11 809 7762

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law pursuant to
the European Union (Withdrawal) Act 2018, as amended.

 

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