Result of AGM

RNS Number : 2413N

Capital Metals PLC

28 January 2021

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

28 January 2021 

Capital Metals plc

("CMET" or the "Company")

Result of AGM

Capital Metals plc (AIM: CMET) announces that at the Annual General Meeting ("AGM") held earlier today all the resolutions were duly approved by shareholders:

Resolution (*indicates special resolution)	Votes for	% of shares voted	Votes against	% of shares voted
Resolution 1: To receive and adopt the report of the directors and the financial statements for the period ended 30 September 2020 and the report of the auditors thereon.	39,322,548	100%	0	0%
Resolution 2: To re-elect, as a director of the Company, Mr Geoffrey Brown, who retires in accordance with Article 25.2 of the Company's Articles of Association and offers himself for re-election.	39,322,548	100%	0	0%
Resolution 3. To re-elect, as a director of the Company, Mr Kwan Wey Teh, who retires in accordance with Article 20.2 of the Company's Articles of Association and offers himself for re-election.	39,322,548	100%	0	0%
Resolution 4: To re-appoint BDO LLP as auditors to hold office from the conclusion of the Annual General Meeting until the conclusion of the next general meeting of the Company at which the accounts are laid before members.	39,322,548	100%	0	0%
Resolution 5: THAT the directors be and they are hereby generally and unconditionally authorised pursuant to Section 551 of the Companies Act 2006 ("the Act"), in substitution for all previous powers granted to them, to exercise all the powers of the Company to allot and make offers to allot shares in the Company and to grant rights ("Rights") to subscribe for or to convert any security into shares in the Company up to an aggregate nominal amount of £10,000 such authority shall, unless previously revoked or varied by the Company in general meeting, expire on the conclusion of the Annual General Meeting of the Company to be held in 2022 provided that the Company may, at any time before such expiry, make an offer or enter into an agreement which would or might require shares to be allotted or Rights to be granted after such expiry and the directors may allot shares and grant Rights pursuant to any such offer or agreement as if the authority conferred hereby had not expired.	39,322,548	100%	0	0%
Resolution 6*: THAT the directors be and they are hereby empowered pursuant to Section 570 of the Act to allot equity securities (as defined in Section 560 of the Act) for cash pursuant to the authority conferred by Resolution 5 above as if Section 561(1) of the Act did not apply to any such allotment, provided that this power shall be limited to:- (a) the allotment of equity securities in connection with an issue in favour of shareholders where the equity securities respectively attributable to the interests of all such shareholders are proportionate (or as nearly as may be practicable) to the respective number of Ordinary Shares in the capital of the Company held by them on the record date for such allotment, but subject to such exclusions or other arrangements as the directors may deem necessary or expedient in relation to fractional entitlements or legal or practical problems under the laws of, or the requirements of, any recognised regulatory body or any stock exchange, in any territory; and (b) the allotment (otherwise than pursuant to sub-paragraph (a) above) of further equity securities: (i) arising from the exercise of options and warrants or the conversion of any other convertible securities outstanding at the date of this resolution; and (ii) other than pursuant to (i) above, up to an aggregate nominal amount of £10,000;	39,322,548	100%	0	0%

For further information, please visit www.capitalmetals.com or contact:

Capital Metals plc Michael Frayne (Chief Executive)	Tel [phone]
SPARK Advisory Partners (Nominated Adviser) Neil Baldwin	[phone]
Brandon Hill Capital Limited (Broker) Jonathan Evans/Oliver Stansfield	[phone]

 

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