Result of AGM

Adriatic Metals PLC

22 May 2024

 

Adriatic Metals PLC

("Adriatic" or the "Company")

RESULT OF ANNUAL GENERAL MEETING

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) held its Annual General Meeting ("AGM") at 9.00am BST on 22 May 2024 at ‎3 Hanover Square, London W1S 1HD, United Kingdom‎.

Each of the resolutions contained in the Notice of Meeting was put to the AGM and voted on by way of a poll. All were duly approved. The total number of votes received on each resolution put to the AGM was as follows:  

	Resolution	Votes FOR1	%	Votes AGAINST	%	Votes WITHHELD2
	ORDINARY RESOLUTIONS
1	Approve the Annual report and Financial Statements and the Auditor's and Directors' reports for the 12 months ended 31 December 2023	98,519,280	100.00	309	0.00	5,433
2	Approve the Directors' Remuneration Report	98,383,522	99.98	19,228	0.02	122,272
3	Re-elect Michael Rawlinson as a Director	87,171,726	89.75	9,954,310	10.25	1,398,986
4	Re-elect Peter Bilbe as a ‎Director	88,636,208	91.26	8,489,828	8.74	1,398,986
5	Re-appoint BDO LLP as Auditor	98,487,780	100.00	309	0.00	36,933
6	Authorise the Audit & Risk Committee to determine remuneration of the Auditor	98,476,780	99.99	5,309	0.01	42,933
7	Authorise Directors to allot shares under s551 Companies Act 2006	96,644,149	98.14	1,836,440	1.86	44,433
8	Approve for the purposes of ASX Listing Rule 10.14, the issue of up ‎to ‎499,240‎ Performance Rights to Paul Cronin (or his nominees) under the ESOP‎	97,287,727	99.85	142,484	0.15	1,094,811
9	Ratify for the purposes of ASX Listing Rule 7.4, the issue of ‎14,777,632 Placement Shares	93,979,372	99.85	144,946	0.15	4,400,704
	SPECIAL RESOLUTIONS
10	Authority to disapply pre-emption rights on allotment of shares	96,576,693	98.14	1,827,991	1.86	120,338
11	Authority to disapply pre-emption rights on allotment of shares	96,570,751	98.14	1,833,933	1.86	120,338
12	Notice period for General Meetings other than Annual General Meetings	93,909,012	95.41	4,518,261	4.59	97,749

1. The "For" proxy vote includes those giving the Chairman discretion.
2. A vote "Withheld" is not a vote in law and is not counted in the calculation of the proxy votes "For" or "Against" the resolution.

The total number of ordinary shares in issue on 20 May 2024, the deadline for casting votes by proxy in advance of the AGM, was 306,222,045 shares. 32.17% of voting capital, including votes withheld, was instructed in respect of the resolutions put to the AGM.

The full text of the resolutions can be found in the Notice of Annual General Meeting, which is available on the Company's website at https://www.adriaticmetals.com/2024-agm/

In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed by the Company's shareholders, other than ordinary business will be submitted to the National Storage Mechanism and will shortly be available for inspection at

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

** ENDS **

Market Abuse Regulation Disclosure

The information contained within this announcement is deemed by the Company (LEI: 549300OHAH2GL1DP0L61) to constitute inside ‎information for the purposes of Article 7 of the EU Market Abuse Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. The person ‎responsible for arranging and authorising the release of this announcement on behalf of the Company is Paul Cronin, Managing Director and CEO.

Authorised by Paul Cronin, Managing Director & CEO

For further information please visit: www.adriaticmetals.com; email: [e-mail], @AdriaticMetals on Twitter; or contact:

Adriatic Metals PLC
Paul Cronin / Klara Kaczmarek	Via Buchanan
Buchanan	Tel: [phone]
Bobby Morse/ Oonagh Reidy	[e-mail]
Morgans Corporate Limited
Rob Douglas / Sam Warriner / Mitch Duffy	Tel: [phone]
RBC Capital Markets
Farid Dadashev / James Agnew / Jamil Miah	Tel: [phone]
Stifel Nicolaus Europe Limited
Ashton Clanfield / Callum Stewart / Varun Talwar	Tel: [phone]
Citadel Magnus
Cameron Gilenko	Tel: [phone]

ABOUT ADRIATIC METALS

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) is a precious and base metals mining company that is advancing the world-class Vares Silver Operation in Bosnia & Herzegovina, as well as the Raska Zinc-Silver Project in Serbia. First concentrate production took place in February 2024 and the Vares Silver Operation is fully funded to nameplate production, which is expected in Q4 2024. Concurrent with ongoing operational activities, the Company continues to explore across its highly prospective 44km² concession package.

 

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