Result of Annual General Meeting

Beowulf Mining PLC
14 June 2024
 

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14 June 2024

 

Beowulf Mining Plc

("Beowulf" or the "Company")

Result of Annual General Meeting

The Annual General Meeting of Beowulf Mining Plc (AIM:BEM; Spotlight:BEO) was held at 4 More London Riverside, London, SE1 2AU, United Kingdom on 14 June 2024 at 9:00 a.m.

All 12 resolutions put to members were passed on a poll. Resolutions 1 to 9 were passed as ordinary resolutions and resolutions 10, 11 and 12 were passed as special resolutions.

The number of votes cast for and against each of the resolutions proposed, and the number of votes withheld were as follows:

 Resolution

Votes for

%

Votes against

%

Votes withheld

Resolution 1 (Ordinary)

To receive and consider the Company's audited accounts for the year ended 31 December 2023 and the directors' and auditors' reports thereon

59,809,760

94.82

3,265,977

5.18

4,234,020

Resolution 2 (Ordinary)

To receive the Directors' remuneration report for the financial year ended 31 December 2023

59,586,922

94.60

3,402,947

5.40

4,319,888

Resolution 3 (Ordinary)

To elect Edward Bowie as a director of the Company

62,690,230

94.67

3,529,024

5.33

1,090,503

Resolution 4 (Ordinary)

To elect Johan Mikael Schauman as a director of the Company

62,508,803

94.66

3,529,024

5.34

1,271,930

Resolution 5 (Ordinary)

To re-elect Christopher Davies as a director of the Company

62,508,803

94.66

3,529,024

5.34

1,271,930

Resolution 6 (Ordinary)

To re-appoint BDO LLP as auditor of the Company

59,334,681

94.43

3,503,146

5.57

4,471,930

Resolution 7 (Ordinary)

To authorise the Directors to determine the fees payable to the auditor

59,307,807

94.38

3,530,020

5.62

4,471,930

Resolution 8 (Ordinary)

To authorise the Directors to allot shares in the Company

59,450,760

94.33

3,570,203

5.67

4,288,794

Resolution 9 (Ordinary)

To approve the proposed share consolidation

59,398,943

89.62

6,876,794

10.38

1,034,020

Resolution 10 (Special)

To disapply pre-emption rights generally

59,276,088

94.38

3,530,311

5.62

4,503,358

Resolution 11 (Special)

Further disapplication of pre-emption rights as set out in the Notice of Meeting

59,219,605

94.29

3,586,794

5.71

4,503,358

Resolution 12 (Special)

To approve the adoption of the New Articles

62,697,371

94.68

3,521,883

5.32

1,090,503

 

As at 14 June 2024, there were 1,942,239,479 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.


Share Consolidation

The passing of Resolution 9 (above) authorises the Directors to consolidate the shares of the Company.

Following the approval of Resolution 9, the Consolidation Resolution, every 50 ordinary shares of £0.001 each (the "Existing Shares") that are in issue as at 6.00 p.m. (BST) on 14 June 2024 will be consolidated into one new ordinary share of £0.05 (5 pence) (the "New Ordinary Shares").  To effect the consolidation, it is necessary to issue 21 new Existing Shares to SP Angel Corporate Finance LLP (the Company's joint broker) so that, immediately prior to the consolidation, the Company's issued share capital will be exactly divisible by 50.

 

Other than the change in nominal value, the New Ordinary Shares arising on implementation of the Share Consolidation will have the same rights as the Existing Ordinary Shares, including voting and other rights.

 

The New Ordinary Shares will be admitted to trading on AIM from 8.00 a.m. (BST) on 17 June 2024 ("Admission") with ISIN GB00BQ1LGQ19 and SEDOL code BQ1LGQ1.

 

Total Voting Rights

 

Following Admission, the Company's issued share capital will comprise 38,844,790 New Ordinary Shares with voting rights. This figure of 38,844,790 New Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

 

 

Enquiries:

Beowulf Mining plc

Ed Bowie, Chief Executive Office                                              ed.bowie@beowulfmining.com

 

SP Angel

(Nominated Adviser & Joint Broker)       

Ewan Leggat / Stuart Gledhill / Adam Cowl           Tel: +44 (0) 20 3470 0470

 

Alternative Resource Capital

(Joint Broker)

Alex Wood                                                                          Tel: +44 (0) 20 7186 9004

 

BlytheRay          

Tim Blythe / Megan Ray                                                                Tel: +44 (0) 20 7138 3204

 

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