REG - Metals Exploration - Result of General Meeting

Metals ExplorationAnnouncement

23/08/2024 12:15

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RNS Number : 6263B  Metals Exploration PLC  23 August 2024

23 August 2024

METALS EXPLORATION PLC

Result of General Meeting

Metals Exploration plc (AIM: MTL) ("Metals Exploration", "MTL", the "Company"
or the "Group"), a gold producer in the Philippines, announces that at the
General Meeting of the Company held earlier today, all resolutions set out in
the Notice of General Meeting were passed on a poll.

The full text of the resolutions set out in the Notice of the General Meeting
are contained in the Circular to shareholders dated 5 August 2024 that can be
found on the Company's website at https://www.metalsexploration.com/investors
(https://www.metalsexploration.com/investors) .

Resolutions 1 to 4 (inclusive) were passed as ordinary resolutions. Resolution
5 was also passed as an ordinary resolution and, as required by the City Code
on Takeovers and Mergers, this resolution was taken on a poll vote of
Independent Shareholders as defined in the Circular. Resolutions 6 to 8
(inclusive) were passed as special resolutions.

Further announcement(s) will be made in due course following the passing of
the Resolutions.

The following table sets out the votes cast on a poll on each
resolution:

 Resolution                                                                   For                % of votes  Against            % of votes  Withheld

                                                                              Number of shares               Number of shares               Number of shares
                                                                              1,633,624,118      99.97%      500,000            0.03%       154,082

 1. General authority of Directors to allot Ordinary Shares

                                                                              1,633,029,760      99.97%      500,000            0.03%       748,440

 2. Authority of Directors to allot Ordinary Shares in respect of the 2023
 Management Incentive Programme

                                                                              1,633,624,118      99.97%      500,000            0.03%       154,082

 3. Approvals in respect of the Acquisition, the LTIP and Individual Option
 Agreements

                                                                              1,240,006,266      99.95%      600,000            0.05%       393,671,934

 4. Approval of the Buy Back

                                                                              490,006,266        99.88%      600,000            0.12%       1,143,671,934

 5. Approval of the Rule 9 Waiver Proposal

                                                                              1,632,734,199      99.92%      1,315,369          0.08%       228,632

 6. General dis-application of statutory pre-emption rights

 7. Dis-application of statutory pre-emption rights in respect of 2023
 Management Incentive Programme

                                                                              1,632,855,210

                                                                                                 99.96%      600,000            0.04%       822,990

                                                                              1,633,449,568      99.96%      600,000            0.04%       228,632

 8. Dis-application of statutory pre-emption rights in respect of LTIP and
 Individual Option Agreements

 

Note: A vote "Withheld" is not a vote in law and is not counted in the
calculation of the proportion of the votes "For" and "Against" shown.

For further information please visit or contact:

 Metals Exploration PLC
 Via Tavistock Communications Limited     +44 (0) 207 920 3150

 Nominated & Financial Adviser:           STRAND HANSON LIMITED
 James Spinney, James Dance, Rob Patrick  +44 (0) 207 409 3494

 Broker:                                  HANNAM & PARTNERS
 Matt Hasson, Franck Nganou               +44 (0) 207 907 8500

 Public Relations:                        TAVISTOCK COMMUNICATIONS LIMITED
 Jos Simson, Nick Elwes                   +44 (0) 207 920 3150

 

Web:                 www.metalsexploration.com
(http://www.metalsexploration.com)

Twitter:              @MTLexploration
(https://twitter.com/MTLexploration)

LinkedIn:           Metals Exploration
(https://www.linkedin.com/company/metals-exploration-plc)

 

 

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