REG - Kefi Gold and Copper - Result of GM

KEFI Gold and CopperAnnouncement

02/01/2025 07:00

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RNS Number : 8873R  Kefi Gold and Copper PLC  02 January 2025

2 January 2025

KEFI Gold and Copper plc

("KEFI" or the "Company")

Result of GM

KEFI (AIM: KEFI), the gold and copper exploration and development company
focused on the Arabian-Nubian Shield, with a pipeline of projects in the
Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is
pleased to report that all Resolutions were passed at the General Meeting of
the Company ("GM") held today at 12.00pm AEDT in Australia.

Following the passing of the Resolutions, an application has been made for the
933,169,817 Placing, Subscription and Remuneration Conditional Shares, to be
admitted to trading on AIM ("Admission").  It is expected that Admission will
become effective on or around 8.00 a.m. on 3 January 2025.

GM Statement

At the conclusion of the GM, Harry Anagnostaras-Adams, Executive Chairman of
the Company, made the following brief statement highlighting the exciting
outlook for the Company:

"Following today's approvals, I am pleased to welcome several notable
international investors to the KEFI share register.  These shareholders join
us at an exciting time with the full funding package for the Tulu Kapi Gold
Project to close this quarter.

"During December 2024 project Early Works were essentially completed, our
long-standing banks set out the final terms and conditions of the now-enlarged
US$240 million secured debt capital facility, the project equity capital terms
were consequently refined amongst the identified regional and
sector-specialist investors, and the Government approved and proceeded to
submit to Parliament for fast-track ratification AFC's Country Membership.

"The Company has already triggered final certification of project readiness,
enabling full project launch and commencement of Major Works, which includes
community resettlement, procurement and major construction.

"I look forward to updating shareholders over the coming weeks with our
progress with respect to financial close and preparation of Major Works, as
well as other potential developments on KEFI's other assets."

Webinar

A webinar will be held in February 2025 and details will be published in due
course.

Result of GM

All resolutions were passed at the GM and the votes cast were as follows:

                                                                                  Votes For      % For  Votes Against  % Against  *Votes Withheld
 1. To authorise the Directors pursuant to Section 551 of the Companies Act       1,353,296,857  82.8%  280,443,786    17.2%      8,501,127
 2006 (the "Act") to allot shares and grant rights to subscribe for shares

 SPECIAL RESOLUTIONS

 2. To authorise the Directors under Section 570 of the Act to allot equity       1,327,249,930  81.2%  306,569,233    18.8%      8,422,607
 securities (within the meaning of Section 560 of the Act) as if Section 561 of

 the Act did not apply to such allotment

 

* Votes withheld are not a vote in law and were not included in the
calculations for the "for" and "against" percentages

Total Voting Rights

Following Admission, the total issued share capital of the Company will
consist of 7,980,754,790 Ordinary Shares each with voting rights. The Company
does not hold any Ordinary Shares in treasury. Therefore, the total number of
voting rights in the Company will be 7,980,754,790 and 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 in
their interest in, the share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.

Capitalised terms used in this announcement shall, unless defined in this
announcement or unless the context provides otherwise, bear the same meaning
ascribed to such terms in the announcement made by the Company at 4.44 p.m. on
2 December 2024.

 

Enquiries

 KEFI Gold and Copper plc
 Harry Anagnostaras-Adams (Executive Chairman)       +357 99457843
 John Leach (Finance Director)                       +357 99208130

 SP Angel Corporate Finance LLP (Nominated Adviser)  +44 (0) 20 3470 0470
 Jeff Keating, Adam Cowl

 Tavira Financial Limited (Lead Broker)              +44 (0) 20 7100 5100
 Oliver Stansfield, Jonathan Evans

 IFC Advisory Ltd (Financial PR and IR)              +44 (0) 20 3934 6630
 Tim Metcalfe, Florence Chandler

 3PPB LLC (Institutional IR)
 Patrick Chidley                                     +1 (917) 991 7701
 Paul Durham                                         +1-203-940-2538

 

 

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