REG - Power Metal - Result of AGM

Power Metal ResourcesAnnouncement

30/03/2023 14:15

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RNS Number : 8220U  Power Metal Resources PLC  30 March 2023

30 March 2023

Power Metal Resources PLC

("Power Metal" or the "Company")

Results of Annual General Meeting

Power Metal Resources PLC (LON: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 8 resolutions put to members were passed on a poll. Resolutions 1 to 6
were passed as ordinary resolutions and resolutions 7-8 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)                                                   164,656,922  99.72         459,109        0.28%         78,146

 To receive the report and accounts for the year ended 30 September 2022
 Resolution 2 (Ordinary)                                                   164,978,142  99.88         199,627        0.12%         16,408

 To re-appoint the auditors
 Resolution 3 (Ordinary)                                                   165,046,481  99.93         111,288        0.07%         36,408

 To authorise the directors to determine the auditor's fees
 Resolution 4 (Ordinary)                                                   164,759,664  99.88         202,780        0.12%         231,733

 To appoint Owain Morton
 Resolution 5 (Ordinary)                                                   163,980,579  99.74         427,694        0.26%         785,904

 To re-appoint Edmund Shaw
 Resolution 6 (Ordinary)                                                   164,464,061  99.60         659,537        0.40%         70,579

 To authorise the directors to allot equity
 Resolution 7 (Special) To disapply pre-emption rights                     163,282,428  99.00         1,649,941      1.00%         261,808
 Resolution 8 (Special) To authorise the buyback of Company shares         164,321,240  99.54         759,627        0.46%         113,310

 

As at 30 March 2023, there were 1,739,033,678 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/Charlie Bouverat                                                    +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

 

NOTES TO EDITORS

Power Metal Resources plc - Background

Power Metal Resources plc (LON:POW) is an AIM listed metals exploration
company which finances and manages global resource projects and is seeking
large scale metal discoveries.

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 drive the
Company's growth or may be returned to shareholders through share buy backs,
dividends or in-specie distributions of assets.

 

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