REG - Nativo Resources Plc - Result of General Meeting & Share Consolidation

Nativo ResourcesAnnouncement

25/02/2025 14:30

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RNS Number : 4184Y  Nativo Resources Plc  25 February 2025

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

25 February 2025

Nativo Resources Plc

("Nativo" or the "Company")

Result of General Meeting

&

Share Consolidation

 

Nativo Resources Plc (LON:NTVO), which has interests in gold mines in Peru,
announces that at the General Meeting ("GM") of the Company held earlier
today, the resolution to approve the share consolidation was duly passed.

The resolution was passed which approved the consolidation of the Company's
ordinary shares on a 1,500 for 1 basis, such that every 1,500 ordinary shares
of 0.0001p each were consolidated into 1 ordinary share of 0.15p in nominal
value (the "Consolidation").

To effect the Consolidation, 104 additional ordinary shares of 0.0001p each
("Additional Shares") have been allotted to an adviser of the Company so that
the aggregate nominal value of the ordinary share capital of the Company
before the Consolidation is exactly divisible by 1,500.

As a result, the Company's existing issued share capital of 74,935,895,896
ordinary shares of 0.0001p together with the Additional Shares was
consolidated into 49,957,264 ordinary shares of 0.15p, each with one voting
right.  Admission in respect of such new ordinary shares will become
effective and that dealings in those new ordinary shares will commence at 8:00
a.m. on 27 February 2025. As a result of the Consolidation, the ISIN of the
ordinary shares will change from GB00BF0YPG76 to GB00BRYPS729.

The above figure of 49,957,264 should be used by shareholders in the Company
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 share capital of the Company under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.

The results of the GM, which were determined by way of a poll, were as
follows:

 Resolution  For             %       Against      %      Withheld
  1          11,736,478,922  94.93%  626,372,578  5.07%  1,109,849

 

 

Note: a vote "witheld" is not a vote in law and is not counted in the
calculation of the percentage of shares voted "for" or "against" any
resolution.

Any proxy appointments which gave discretion to the chairman of the meeting
have been included in the 'For' total.

 

For further information please contact:

 

 Nativo Resources                           Via Vigo Consulting

 Stephen Birrell, Chief Executive Officer   nativo@vigoconsulting.com (mailto:nativo@vigoconsulting.com)

 Zeus (Nominated Adviser and Joint Broker)  Tel: +44 (0)20 3829 5000

 James Joyce

 James Bavister

 Peterhouse Capital limited (Joint Broker)  Tel: +44 (0)20 7469 0930

 Duncan Vasey

 Lucy Williams

Rose Greensmith

 Vigo Consulting (Investor Relations)       Tel: +44 (0)20 7390 0234

 Ben Simons                                 nativo@vigoconsulting.com

 Peter Jacob

Anna Sutton

 

About Nativo Resources plc

 

Nativo has interests in gold mining and exploration projects in Peru. Through
a 50:50 joint venture established in July 2024 with an experienced local
partner, Nativo secured an opportunity to scale operations at the Tesoro Gold
Concession, owning 50% of the production and resources. Production and sales
of ore to a local gold ore processing plant began in late December 2024.

 

In December 2024, Nativo also agreed to acquire directly a 100% interest in
the Morrocota Gold Mine, proximal to the Tesoro Gold Concession. Production
from Morrocota is anticipated to commence by the end of Q2 2025. Longer-term,
the Company plans to establish its own gold ore processing plant to retain a
higher margin from production at its mines.

 

In addition to primary gold mining projects, the Company also holds the Ana
Lucia Polymetallic concession, and is investigating low capex strategies to
appraise and exploit tailings deposits to recover gold.

 

Follow us on social media:

 

LinkedIn: https://uk.linkedin.com/company/nativoresources-plc
(https://uk.linkedin.com/company/nativoresources-plc)

X (Twitter): https://x.com/nativoresources (https://x.com/nativoresources)

 

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