REG - Ormonde Mining PLC - EGM Results

Ormonde MiningAnnouncement

13/02/2020 13:55

RNS Number : 9547C
Ormonde Mining PLC
13 February 2020
 


 
13 February 2020
 
 
 
Ormonde Mining plc
("Ormonde" or "the Company")
 
Result of EGM
 
Ormonde announces that the ordinary resolution to approve the disposal of the Company's 30% interest in the Barruecopardo Tungsten Mine, as proposed to shareholders at the Company's Extraordinary General Meeting held in Dublin today, was duly passed.
 
The resolution was decided on a show of hands. The number of proxy votes assigned to the Chairman of the meeting for and against the resolution were as follows:
 
 







Votes for (including discretion)


Votes against


Total Votes cast








No. of shares


% of shares voted


No. of shares


% of
shares voted


No. of shares


% of issued share capital*




Resolution to approve Proposed Disposal


25,519,060


87.15


3,762,000


12.85


29,281,060


6.21



 
* The issued share capital of the Company is 472,507,482 ordinary shares of nominal value €0.01 each.
 
 
Closing obligations of the parties, including the payment by Oaktree to Ormonde of the €6 million disposal proceeds, are due to be completed in the coming days. In accordance with the Sale and Purchase Agreement, completion must occur within a maximum of 5 business days of Ormonde having received shareholder approval for the disposal.  A further update will be provided once completion has occurred.
 
 
 
Enquiries to:
 
Ormonde Mining plc
Paul Carroll, Chief Financial Officer
Fraser Gardiner, Chief Operating Officer
Tel: +353 (0)1 8014184
 
Davy (Nomad, Euronext Growth Advisor and Joint Broker)
John Frain / Barry Murphy
Tel: +353 (0)1 6796363
 
SP Angel Corporate Finance LLP (Joint Broker)
Ewan Leggat 
Tel: +44 (0)20 3 470 0470




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
ROMTJMJTMTIBBPM