REG - Power Metal Res. - Results of Annual General Meeting

Power Metal ResourcesAnnouncement

26/03/2024 12:00

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RNS Number : 3610I  Power Metal Resources PLC  26 March 2024

26 March 2024

Power Metal Resources PLC

("Power Metal" or the "Company")

Results of Annual General Meeting

Power Metal Resources PLC (AIM:POW) the London-listed exploration company
seeking large-scale metal discoveries across its global project portfolio
announces the results of its Annual General Meeting held today.

All 9 resolutions put to members were passed on a poll. Resolutions 1 to 7
were passed as ordinary resolutions and resolutions 8-9 were passed as special
resolutions.

The results of the poll (including proxy votes) are outlined in the table
below.

The number of votes cast for and against each of the resolutions proposed and
the number of votes withheld (including proxy votes) were as follows:

 Resolution                                                                 Votes for    % Votes Cast  Votes against  % Votes Cast  Votes withheld
 Resolution 1 (Ordinary)                                                    321,512,695  99.85         471,094        0.15          304,006

 To receive the report and accounts for the year ended 30 September 2023
 Resolution 2 (Ordinary)                                                    321,567,722  99.85         471,223        0.15          248,850

 To re-appoint the auditors
 Resolution 3 (Ordinary)                                                    321,473,656  99.84         526,404        0.16          287,735

 To authorise the directors to determine the auditor's fees
 Resolution 4 (Ordinary)                                                    321,160,650  99.76         760,158        0.24          366,987

 To appoint Douglas William Brodie as a director of the company
 Resolution 5 (Ordinary)                                                    321,440,650  99.85         480,158        0.15          366,987

 To appoint Sean Wade as a director of the company
 Resolution 6 (Ordinary)                                                    321,212,471  99.78         708,337        0.22          366,987

 To re-appoint Scott Richardson-Brown as a director of the compnay
 Resolution 7 (Ordinary)                                                    321,000,722  99.70         963,017        0.30          324,056

 To authorise the directors to allot relevant securities

 Resolution 8 (Special) To disapply pre-emption rights                      273,275,051  84.87         48,717,573     15.13         295,171
 Resolution 9 (Special)                                                     320,768,196  99.61         1,270,749      0.39          248,850

 To resolve that the company be and is unconditionally authorised to make
 market purchases

 

As at 26 March 2024, there were 2,213,468,340 ordinary shares in issue.
Shareholders are entitled to one vote per share. Votes withheld are not votes
in law and so have not been included in the calculation of the proportion of
votes for and against a resolution.

The full text of each resolution is available in the Notice of Annual General
Meeting, published on the Company's website.

For further information please visit https://www.powermetalresources.com/
(https://www.powermetalresources.com/)  or contact:

 Power Metal Resources plc
 Sean Wade (Chief Executive Officer)                                             +44 (0) 20 3778 1396

 SP Angel Corporate Finance (Nomad and Joint Broker)
 Ewan Leggat/Caroline Rowe/Harry Davies-Ball                                     +44 (0) 20 3470 0470

 SI Capital Limited (Joint Broker)
 Nick Emerson                                                                    +44 (0) 1483 413 500

 First Equity Limited (Joint Broker)
 David Cockbill/Jason Robertson                                                  +44 (0) 20 7330 1883

 BlytheRay (PR Advisors)
 Tim Blythe/Megan Ray                                                            +44 (0) 20 7138 3204

 

NOTES TO EDITORS

Power Metal Resources plc - Background

Power Metal Resources plc (AIM:POW) is an AIM listed metals exploration
company which finances and manages global resource projects.

The Company has a principal focus on opportunities offering district scale
potential across a global portfolio including precious, base and strategic
metal exploration in North America, Africa and Australia.

Project interests range from early-stage greenfield exploration to later-stage
prospects currently subject to drill programmes.

Power Metal will develop projects internally or through strategic joint
ventures until a project becomes ready for disposal through outright sale or
separate listing on a recognised stock exchange, thereby crystallising the
value generated from our internal exploration and development work.

Value generated through disposals will be deployed internally to grow the
Company, or may be returned to shareholders through share buy backs, dividends
or in-specie distributions of assets.

 

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