Result of AGM

RNS Number : 7253D

Metals Exploration PLC

30 June 2021

 

30 June 2021

METALS EXPLORATION PLC

("Metals Exploration" or the "Company")

Result of AGM

Metals Exploration plc (AIM: MTL), the Philippine gold producer, announces that at its closed Annual General Meeting held today at 3.00 p.m. (the "AGM"), all resolutions were duly passed, save for resolutions 7 and 9 which were not passed.

Voting at the AGM was conducted by poll with the results for each resolution as follows:

	Resolution	For Number of shares	% of votes	Against Number of shares	% of votes	Withheld Number of shares
1	To receive and adopt the Accounts for the year ended 30December2020andreportsoftheDirectorsandAuditors.	1,528,669,673	99.99	125,000	0.01	0
2	Tore-appointDarrenBowdenasaDirectoroftheCompany.	1,528,669,673	99.99	125,000	0.01	0
3	ToappointDavidCatherasaDirectoroftheCompany.	1,528,669,673	99.99	125,000	0.01	0
4	ToappointJeremyWrathallasaDirectoroftheCompany.	1,528,669,673	99.99	125,000	0.01	0
5	ToappointAndrewChubbasaDirectoroftheCompany.	1,528,669,673	99.99	125,000	0.01	0
6	To re-appoint Nexia Smith & Williamson Audit Limited as auditorsandtoauthorisetheDirectorstofix theirremuneration.	1,528,669,673	99.99	125,000	0.01	0
7	TogranttheDirectorsauthoritytoallotsharessubjecttothelimits  expressedintheresolution.	162,211,493	10.61	1,366,583,180	89.39	0
8	TogranttheDirectorsauthoritytoallot19,800,000sharestosatisfyanyexerciseoftheshareoptions awardedtothe non-executive directorsappointedon22April2021.	1,401,781,747	91.69	127,012,926	8.31	0
9	To dis-apply pre-emption rights subject to the limits expressed in the resolution.	38,951,493	2.55	1,489,843,180	97.45	0
10	To dis-apply pre-emption rights in relation to the allotment of 19,800,000 shares to satisfy any exercise of the share options awarded to the non-executive directors appointed on 22 April 2021.	1,401,781,747	91.69	127,012,926	8.31	0

Resolution 7 was an ordinary resolution granting general authority to the directors to allot new ordinary shares up to the thresholds described in the resolution (being approximately 10 per cent. of the issued share capital of the Company). The authority being sought would permit the Directors to allot ordinary shares or grant rights to subscribe for or convert any securities into ordinary shares.

Resolution 9 was a special resolution to provide the Directors with authority to allot equity securities for cash without first offering to existing shareholders pro rata to their holdings and was subject to the passing of Resolution 7. This authority was limited to approximately 10 per cent of the Company's issued ordinary share capital.

For further information please visit www.metalsexploration.com or contact

Metals Exploration PLC
Via Tavistock Communications Limited	[phone]
Nominated & Financial Adviser:	STRAND HANSON LIMITED
James Spinney, James Dance, Rob Patrick	[phone]
Financial Adviser & Broker:	HANNAM & PARTNERS
Nilesh Patel	[phone]
Public Relations:	TAVISTOCK COMMUNICATIONS LIMITED
Jos Simson, Nick Elwes	[phone]

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RAGURSVRAOUNOAR