REG - Tribe Technology PLC - Result of General Meeting

Tribe TechnologyAnnouncement

12/02/2025 14:45

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RNS Number : 8969W  Tribe Technology PLC  12 February 2025

12 February 2025

Tribe Technology PLC

 

("Tribe Tech", the "Company" or the "Group")

 

Result of General Meeting

 

Tribe Technology PLC (AIM: TRYB), a disruptive developer and manufacturer of
autonomous mining equipment, confirms that at the Company's general meeting
("GM") held earlier today, all resolutions put to shareholders were passed.
Resolution 1 and resolution 2 were passed as special resolutions. The number
of votes cast for and against each of the resolutions proposed, and the number
of votes withheld, are set out in the table below.

 

The full text of each resolution was included in the Company's notice of GM
posted to shareholders on 21 January 2025 and subsequently published on the
Company's website.

 

  Resolution                                                                      Number of Votes for  %       Number of Votes against  %       Number of Votes withheld
 Resolution 1 (Special)                                                           99,409,307           82.09%  21,692,335               17.91%  20,000

 To approve the cancellation of the admission to trading on AIM.
 Resolution 2 (Special)                                                           99,409,307           82.09%  21,692,335               17.91%  20,000

 To re-register the Company as a private company and to approve the adoption by
 the Company of new articles of association.

 

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.

 

Pursuant to the passing of Resolution 1, cancellation of admission of the
Company's ordinary shares to trading on AIM will become effective at 7.00 a.m.
on 21 February 2025.

 

In accordance with the passing of Resolution 2, the Company will re-register
as a private limited company with the name Tribe Technology Holdings Ltd and
adopt new articles of association, which is expected to take place by 14 March
2025.

 

Dealing and settlement arrangements post the Cancellation

 

With effect from the cancellation of admission of the Company's ordinary
shares to trading on AIM, the Company has arranged a matched bargain facility
and has appointed JP Jenkins (a trading name of InfinitX Limited and an
appointed representative of Prosper Capital LLP, which is authorised and
regulated by the FCA) to facilitate Shareholders buying and selling ordinary
shares on a matched bargain basis for a period of no less than 12 months
following Cancellation. Full details will be made available to shareholders on
the Company's website at https://tribetechgroup.com
(https://tribetechgroup.com) and directly by letter or e-mail (where
appropriate).

Further details regarding the cancellation and re-registration are set out in
the circular sent to shareholders dated 21 January 2025. A copy of the
circular is available on the Company's website https://tribetechgroup.com
(https://tribetechgroup.com) .

 

Capitalised terms used in this announcement shall have the meanings given to
such terms in the announcement issued by the Company dated 21 January 2025
unless otherwise defined herein.

 

-END-

For further information, please visit www.tribetechgroup.com
(http://www.tribetechgroup.com/)  or contact:

Tribe Technology PLC
 
                                via Tavistock

Preeti Mardia, Executive Chair

Allenby Capital Limited (Nominated Adviser and Joint Broker)
                                   +44 20 3328 5656

John Depasquale / Vivek Bhardwaj / Lauren Wright (Corporate Finance)
              info@allenbycapital.com (mailto:info@allenbycapital.com)

Tony Quirke / Joscelin Pinnington (Sales & Corporate Broking)

 

SP Angel Corporate Finance LLP (Joint Broker)
 
 +44 20 3470 0470

Richard Morrison / Charlie Bouverat (Corporate Finance)

Grant Barker (Sales and Corporate Broking)

 

Tavistock (Financial PR)
 
                         +44 20 7920 3150

Rebecca Hislaire / Saskia Sizen
 
   tribetech@tavistock.co.uk

 

About Tribe Tech

 

Established in 2019, the Group was founded to create a safer, more efficient
work environment through the development of fully autonomous reverse
circulation drill rigs in the mining industry. The Group's core activities are
the development, in-house manufacturing, and sale of its autonomous RC Drill
Rigs incorporating its core proprietary intellectual property, the Tribe
Technology Drilling System ("TTDS").

 

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