REG - Metminco Limited - Results of Shareholder Meeting <Origin Href="QuoteRef">MNC.AX</Origin>

Merino & CoAnnouncement

20/12/2016 07:05

RNS Number : 3030S
Metminco Limited
20 December 2016
ASX ANNOUNCEMENT
20 December 2016
EXTRAORDINARY MEETING OF SHAREHOLDERS
RESULTS
Pursuant to Listing Rule 3.13.2 and Section 251AA of the Corporations Law, Metminco Limited (Metminco or the Company) advises that the resolutions put to shareholders at the Extraordinary Meeting Shareholders of the Company held on 20 December 2016 were carried. 
Summarised below is the number of votes cast on the poll in respect of each resolution: 
Resolution 1:
"That, for the purposes of Listing Rule 7.4 and for all other purposes, Shareholders approve and ratify the allotment and issue of 422,222,222 new Shares to Sophisticated Investors and Professional Investors at a subscription price of A$0.00237 (0.00135) per Share on the terms and conditions set out in the Explanatory Memorandum accompanying the Notice of Meeting." 
Valid Proxies Received:
 1,022,489,766 votes for the Resolution
 7,552,945 votes have appointed the Chairman as Proxy
 12,642,550 votes against the Resolution
 3,902,561 votes abstaining
More than 50% of votes were cast in favour of this resolution.
Resolution 2:
"That, for the purposes of Listing Rule 7.4 and for all other purposes, Shareholders approve and ratify the allotment and issue of 212,628,089 new Shares to Sophisticated Investors and Professional Investors at a subscription price of A$0.00237 (0.00140) per Share on the terms and conditions set out in the Explanatory Memorandum accompanying the Notice of Meeting."
Valid Proxies Received:
 1,012,324,750 votes for the Resolution
 7,505,426 votes have appointed the Chairman as Proxy
 22,855,665 votes against the Resolution
 3,901,981 votes abstaining.
More than 50% of votes were cast in favour of this resolution.
Resolution 3:
"That for the purposes of Listing Rule 7.1 and for all other purposes, Shareholders approve the allotment and issue of up to 548,523,207 new Shares to Redfield Asset Management Pty Limited (Redfield) at a subscription price of A$0.00237 per Share on the terms and conditions set out in the Explanatory Memorandum accompanying the Notice of Meeting."
Valid Proxies Received:
 1,012,000,429 votes for the Resolution
 7,464,596 votes have appointed the Chairman as Proxy
 23,199,486 votes against the Resolution
 3,923,311 votes abstaining
More than 50% of votes were cast in favour of this resolution.
Resolution 4:
"That for the purposes of Listing Rule 7.1 and for all other purposes, Shareholders approve the allotment and issue of up to 1,265,822,785 new Shares to Lanstead Capital L.P. (Lanstead) at a subscription price of A$0.00237 per Share by way of private placement on the terms and conditions and in the manner set out in the Explanatory Memorandum accompanying the Notice of Meeting."
Valid proxies received: 
 1,011,862,464 votes for the Resolution
 7,151,977 votes have appointed the Chairman as Proxy 
 23,670,598 votes against the Resolution
 3,902,783 votes abstaining 
More than 50% of votes were cast in favour of this resolution.
Resolution 5:
"That, for the purposes of Listing Rule 10.11 and for all other purposes, Shareholders approve and authorise the allotment and issue of up to 31,645,570 new Shares at a subscription price of A$0.00237 per new Share to William Howe on the terms and conditions set out in the Explanatory Memorandum accompanying the Notice of Meeting."
Valid proxies received: 
 852,389,849 votes for the Resolution
 7,802,674 votes have appointed the Chairman as Proxy
 45,738,141 votes against the Resolution
 4,015,625 votes abstaining
More than 50% of votes were cast in favour of this resolution.
Resolution 6:
"That, pursuant to and in accordance with Section 254H of the Corporations Act and for all other purposes, the issued capital of the Company be consolidated on the basis that:
(a) every 50 Shares be consolidated into 1 Share; and
(b) every 50 Options be consolidated into 1 Option,
and, where this consolidation results in a fraction of a Share or an Option being held, the Company be authorised to round that fraction up to the nearest whole Share or Option (as the case may be)."
Valid proxies received: 
 1,014,809,790 votes for the Resolution
 7,545,824 votes have appointed the Chairman as Proxy
 20,272,145 votes against the Resolution
 3,960,063 votes abstaining
More than 50% of votes were cast in favour of this resolution.
Philip W Killen
Company Secretary



Metminco Limited ABN 43 119 759 349
ASX Code: MNC.AX; AIM Code: MNC.L

Level 4, 6 Help Street, Chatswood, NSW, 2067
Tel: +61 (0) 2 9460 1856; Fax: +61 (0) 2 9460 1857
www.metminco.com.au
For further information, please contact:
METMINCO LIMITED


Stephen Tainton / Phil Killen

Office: +61 (0) 2 9460 1856



NOMINATED ADVISOR AND BROKER


RFC Ambrian 


Australia


Will Souter / Nathan Forsyth

Office: +61 (0) 2 9250 0000



United Kingdom


Charlie Cryer

Office: +44 (0) 20 3440 6800



JOINT BROKER


SP Angel Corporate Finance LLP (UK)


Ewan Leggat

Office: +44 (0) 20 3470 0470



PUBLIC RELATIONS


Camarco
United Kingdom


Gordon Poole / Tom Huddart 

Office: + 44 (0) 20 3757 4997

This information is provided by RNS
The company news service from the London Stock Exchange
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