REG - First Tin PLC - Result of General Meeting

First TinAnnouncement

29/07/2024 11:30

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RNS Number : 2140Y  First Tin PLC  29 July 2024

 

29 July 2024

First Tin Plc

("First Tin" or "the Company")

Result of General Meeting

First Tin PLC, a tin development company with advanced, low capex projects in
Germany and Australia, is pleased to announce that all of the resolutions
were duly passed by Shareholders at the General Meeting held today in
connection with the recently announced Fundraising.

The detailed results of the voting are set out below:

 Resolution                                                        In favour    Against    Withheld
 1.   TO AUTHORISE THE DIRECTORS TO ALLOT ORDINARY SHARES          156,919,238  82,669     14,628
 2.   TO AUTHORISE THE DIRECTORS TO DISAPPLY PRE-EMPTION RIGHTS    155,267,389  1,734,518  14,628

 

The Company is pleased to confirm that, as announced on 10 July 2024,
following the passing of all resolutions, the admission will become effective
and dealings in 53,000,000 new ordinary shares of £0.001 each in the capital
of the Company ("Ordinary Shares") (the "Placing Shares") at a price of 4
pence per Ordinary Share, will commence on the Main Market at 8 a.m. on 1
August 2024.

 

Enquiries:

 

 First Tin                                                                     Via SEC Newgate below
 Bill Scotting - Chief Executive Officer
 Arlington Group Asset Management Limited (Financial Advisor and Joint Broker
 and Bookrunner)
 Simon Catt                                                                    020 7389 5016

 Zeus Capital Limited (Joint Broker)
 Harry Ansell/Dan Bristowe/Katy Mitchell                                       020 3829 5000

 SEC Newgate (Financial Communications)
 Elisabeth Cowell / Molly Gretton                                              07900 248 213

 

Notes to Editors

First Tin PLC is an ethical, reliable, and sustainable tin production company
led by a team of renowned tin specialists. The Company is focused on becoming
a tin supplier in conflict-free, low political risk jurisdictions through the
rapid development of high value, low capex tin assets in Germany and
Australia, which have been de-risked significantly, with extensive work
undertaken to date.

Tin is a critical metal, vital in any plan to decarbonise and electrify the
world, yet Europe has very little supply. Rising demand, together with
shortages, is expected to lead tin to experience sustained deficit markets for
the foreseeable future.

First Tin's goal is to use best-in-class environmental standards to bring two
tin mines into production in three years, providing provenance of supply to
support the current global clean energy and technological revolutions.

 

 

 

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