Result of General Meeting

Metals Exploration PLC
23 August 2024
 

23 August 2024

METALS EXPLORATION PLC

Result of General Meeting

Metals Exploration plc (AIM: MTL) ("Metals Exploration", "MTL", the "Company" or the "Group"), a gold producer in the Philippines, announces that at the General Meeting of the Company held earlier today, all resolutions set out in the Notice of General Meeting were passed on a poll.

The full text of the resolutions set out in the Notice of the General Meeting are contained in the Circular to shareholders dated 5 August 2024 that can be found on the Company's website at https://www.metalsexploration.com/investors.

Resolutions 1 to 4 (inclusive) were passed as ordinary resolutions. Resolution 5 was also passed as an ordinary resolution and, as required by the City Code on Takeovers and Mergers, this resolution was taken on a poll vote of Independent Shareholders as defined in the Circular. Resolutions 6 to 8 (inclusive) were passed as special resolutions.

Further announcement(s) will be made in due course following the passing of the Resolutions.

The following table sets out the votes cast on a poll on each resolution:     


Resolution

For

Number of shares

% of votes

Against

Number of shares

% of votes

Withheld

Number of shares

 

1. General authority of Directors to allot Ordinary Shares

 

1,633,624,118

 

99.97%

 

500,000

 

0.03%

 

154,082

 

 

2. Authority of Directors to allot Ordinary Shares in respect of the 2023 Management Incentive Programme

 

1,633,029,760

 

99.97%

 

500,000

 

0.03%

 

748,440

 

 

3. Approvals in respect of the Acquisition, the LTIP and Individual Option Agreements

 

1,633,624,118

 

99.97%

 

500,000

 

0.03%

 

154,082

 

 

4. Approval of the Buy Back

 

1,240,006,266

 

99.95%

 

600,000

 

0.05%

 

393,671,934

 

 

5. Approval of the Rule 9 Waiver Proposal

 

490,006,266

 

99.88%

 

600,000

 

0.12%

 

1,143,671,934

 

 

6. General dis-application of statutory pre-emption rights

 

 

 

1,632,734,199

 

 

99.92%

 

 

1,315,369

 

 

0.08%

 

 

228,632

 

 

 

7. Dis-application of statutory pre-emption rights in respect of 2023 Management Incentive Programme

 

 

 

 

 

1,632,855,210

 

 

 

 

 

 

 

99.96%

 

 

 

 

 

 

 

600,000

 

 

 

 

 

 

 

0.04%

 

 

 

 

 

 

 

822,990

 

 

 

8. Dis-application of statutory pre-emption rights in respect of LTIP and Individual Option Agreements

 

1,633,449,568

 

99.96%

 

600,000

 

0.04%

 

228,632

 

 

Note: A vote "Withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "For" and "Against" shown.


For further information please visit or contact:


Metals Exploration PLC

 

Via Tavistock Communications Limited

+44 (0) 207 920 3150

 

 

Nominated & Financial Adviser:

STRAND HANSON LIMITED

James Spinney, James Dance, Rob Patrick

+44 (0) 207 409 3494

 

 

Broker:

HANNAM & PARTNERS

Matt Hasson, Franck Nganou

+44 (0) 207 907 8500

 

 

Public Relations:

TAVISTOCK COMMUNICATIONS LIMITED

Jos Simson, Nick Elwes

+44 (0) 207 920 3150

 

Web:                 www.metalsexploration.com

Twitter:              @MTLexploration

LinkedIn:           Metals Exploration

 

 

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