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Prairie Mining Ltd (PDZ)

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Wednesday 05 June, 2019

Prairie Mining Ltd

Results of General Meeting and Director's Interest

RNS Number : 1938B
Prairie Mining Limited
05 June 2019
 

 

 

 

 

 

 

PRAIRIE MINING LIMITED

 

NEWS RELEASE | 5 June 2019 G AND CHANGE OF DIRECTOR'S INTERESTS

 

A General Meeting of the Company was held today in Perth, Western Australia, 5 June 2019, at 10.00am (WST).

 

The resolutions voted on were in accordance with the Notice of General Meeting previously advised to shareholders.

 

In accordance with Section 251AA of the Corporations Act 2001, the following information is provided:

 

Resolution

Result

Number of Proxy Votes

For

Against

Abstain

Proxy's Discretion

1.         Approval to Grant Performance Rights to Selwyn Capital Limited

Passed on a show of hands

49,183,545

1,403,000

42,000

10,600,101

2.         Approval of Change of Control Bonus for Selwyn Capital Limited

Passed on a show of hands

5,793,925

16,500

44,818,120

10,600,101

 

As a result and as previously advised on 12 April 2019, the Company has today issued 500,000 Performance Rights (expiring 30 September 2020) to Selwyn Capital Limited (a nominee of Mr Ben Stoikovich), which vest subsequent to securing a new strategic investor.

 

No new Ordinary Shares have been issued. The figure of 212,275,089 Ordinary Shares can continued to be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company, under the FCA's Disclosure and Transparency Rules.

 

A Change of Directors Interest Notice is included below.

 

For further information, please contact:

 

Prairie Mining Limited

Tel: +44 207 478 3900

Ben Stoikovich, Chief Executive Officer

Email: [email protected]

Sapan Ghai, Head of Corporate Development

 

 

 

 

 

 

 

 

Rule 3.19A.2

Appendix 3Y

 

Change of Director's Interest Notice

 

Information or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01  Amended 01/01/11

 

Name of entity    Prairie Mining Limited

ABN                     23 008 677 852

 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. 

 

Name of Director

Benjamin Stoikovich

Date of last notice

4 February 2019

 

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

 

Direct or indirect interest

Direct and Indirect

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

Windellama Capital Limited (Beneficial Interest)

Selwyn Capital Limited (Beneficial Interest)

Date of change

5 June 2019

No. of securities held prior to change

A.       1,492,262

B.       640,000

C.       Nil

D.       960,000

Class

A.       Ordinary Fully Paid Shares

B.       Performance Rights - expiry 31 December 2019

C.       Performance Rights - expiry 30 September 2020

D.       Performance Rights - expiry 31 December 2020

Number acquired

A.       Nil

B.       Nil

C.       500,000

D.       Nil

Number disposed

Nil

 

Value/Consideration

·                      Note: If consideration is non-cash, provide details and estimated valuation

Nil - see nature of change section below

No. of securities held after change

A.       1,492,262

B.       640,000

C.       500,000

D.       960,000

Nature of change

·                      Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Issue of performance rights following shareholder approval

 

Part 2 - Change of director's interests in contracts

 

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

 

Detail of contract

Not applicable

Nature of interest

Not applicable

Name of registered holder

(if issued securities)

Not applicable

Date of change

Not applicable

No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

Not applicable

Interest acquired

Not applicable

Interest disposed

Not applicable

Value/Consideration

·                      Note: If consideration is non-cash, provide details and an estimated valuation

Not applicable

Interest after change

Not applicable

 

Part 3 - +Closed period

 

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?

Not applicable

If so, was prior written clearance provided to allow the trade to proceed during this period?

Not applicable

If prior written clearance was provided, on what date was this provided?

Not applicable

 

Initial notification/Amendment

Initial

LEI

213800EHCGNYSCN9T108

Place of transaction

Australia

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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