Results of AGM and Issue of Equity

RNS Number : 0593U

Europa Metals Ltd

30 November 2021

 

30 November 2021

Europa Metals Ltd

("Europa Metals", the "Company" or the "Group") (AIM, AltX: EUZ)

Results of Annual General Meeting and Issue of Equity

Europa Metals, the European focused lead, zinc and silver developer, is pleased to announce that the resolutions proposed at its Annual General Meeting ("AGM") held earlier today, as set out in the Notice of Annual General Meeting dated 29 October 2021 (the "Notice"), were all duly approved by shareholders.

Defined terms used in this announcement have the same meanings as those ascribed to them in the Notice and/or its associated Explanatory Statement unless otherwise defined herein or the context requires otherwise.

A poll was taken at the AGM and in accordance with section 251AA of the Corporations Act 2001, the following information is provided in respect of each of the resolutions considered and voted upon at the AGM.

The total number of proxy votes exercisable by all proxies validly appointed was in respect of 14,773,856 ordinary shares from the validly appointed proxies of 16 shareholders.

Details of proxy and poll votes in respect of each of the resolutions set out in the Notice are as follows.

Resolution 1 : Re-election of Laurence Read as a director

Manner in which securityholder directed the proxy vote (at proxy close date)				Manner in which votes were cast in person or by proxy on a poll
VOTES FOR	VOTES AGAINST	VOTES  DISCRETIONARY	VOTES  ABSTAIN	VOTES FOR	VOTES AGAINST	VOTES  ABSTAIN	VOTES RESULT
11,663,779	3,109,591	486	-	11,960,884	3,109,591	-	Pass
78.95 %	21.05 %	0.00 %	N/A	79.37%	20.63 %	N/A

Resolution 2 : Approval to issue the Second Fundraising Shares

Manner in which securityholder directed the proxy vote (at proxy close date)				Manner in which votes were cast in person or by proxy on a poll
VOTES FOR	VOTES AGAINST	VOTES  DISCRETIONARY	VOTES  ABSTAIN	VOTES FOR	VOTES AGAINST	VOTES  ABSTAIN	VOTES RESULT
11,663,779	3,109,591	486	-	11,960,884	3,109,591	-	Pass
78.95 %	21.05 %	0.00 %	N/A	79.37%	20.63 %	N/A

Resolution 3 : Approval to issue Adviser Options to Bennelong Corporate Limited

Manner in which securityholder directed the proxy vote (at proxy close date)				Manner in which votes were cast in person or by proxy on a poll
VOTES FOR	VOTES AGAINST	VOTES  DISCRETIONARY	VOTES  ABSTAIN	VOTES FOR	VOTES AGAINST	VOTES  ABSTAIN	VOTES RESULT
11,433,643	3,257,522	486	82,205	11,730,748	3,257,522	82,205	Pass
77.83 %	22.17 %	0.00 %	N/A	78.27 %	21.73 %	N/A

Resolution 4 : General Authority to allot securities for non-cash consideration purposes

Manner in which securityholder directed the proxy vote (at proxy close date)				Manner in which votes were cast in person or by proxy on a poll
VOTES FOR	VOTES AGAINST	VOTES  DISCRETIONARY	VOTES  ABSTAIN	VOTES FOR	VOTES AGAINST	VOTES  ABSTAIN	VOTES RESULT
11,666,706	2,322,918	486	73	11,963,811	2,322,918	73	Pass
83.40 %	16.60 %	0.00 %	N/A	83.74 %	16.26 %	N/A

Resolution 5 : Disapplication of Pre-emption Rights (authority to allot securities for cash consideration purposes)

Manner in which securityholder directed the proxy vote (at proxy close date)				Manner in which votes were cast in person or by proxy on a poll
VOTES FOR	VOTES AGAINST	VOTES  DISCRETIONARY	VOTES  ABSTAIN	VOTES FOR	VOTES AGAINST	VOTES  ABSTAIN	VOTES RESULT
11,430,839	3,342,458	486	73	11,727,944	3,342,458	73	Pass
77.38 %	22.62 %	0.00 %	N/A	77.82 %	22.18 %	N/A

Resolution 6 : Amendments to the Company's Constitution

Manner in which securityholder directed the proxy vote (at proxy close date)				Manner in which votes were cast in person or by proxy on a poll
VOTES FOR	VOTES AGAINST	VOTES  DISCRETIONARY	VOTES  ABSTAIN	VOTES FOR	VOTES AGAINST	VOTES  ABSTAIN	VOTES RESULT
11,665,070	3,106,591	522	1,673	11,962,211	3,106,591	1,673	Pass
78.97 %	21.03 %	0.00 %	N/A	79.38 %	20.62 %	N/A

Issue of Equity and Total Voting Rights

Further to the approval of Resolution 2 at the AGM, the Company is proceeding with the issue of the Second Fundraising Shares pursuant to the terms of the Fundraising, full details of which were announced on 26 October 2021.

Accordingly, application has been made to the London Stock Exchange for admission of the 5,434,676 Second Fundraising Shares to trading on AIM ("Admission") and to the Johannesburg Stock Exchange for quotation on AltX.  It is expected that Admission will become effective and that dealings in the Second Fundraising Shares will commence at 8.00 a.m. on 1 December 2021.

Following Admission, the Company's total issued ordinary share capital will comprise 79,130,649 Ordinary Shares with voting rights. This figure may 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 Company's share capital pursuant to the Company's Constitution.

Further to the approval of Resolution 3 at the AGM, the Company will shortly proceed to issue 1,500,000 adviser options to Bennelong Corporate Limited on the terms and conditions contained within Annexure A to the Explanatory Statement (the "Adviser Options"). The Adviser Options are exercisable at 5 pence per share up to and including 30 November 2023.

For further information on the Company, please visit:

www.europametals.com 

Linkedin: Europa Metals ltd

Twitter: @ltdeuropa

Vox: Europametals

or contact:

Europa Metals Ltd

Dan Smith, Non-Executive Director and Company Secretary (Australia)

T: [phone]

Laurence Read, CEO (UK)

[e-mail]

Strand Hanson Limited (Nominated Adviser)

Rory Murphy/Matthew Chandler

T: [phone]

WH Ireland Limited   (Joint Broker)

Harry Ansell/Dan Bristowe/Katy Mitchell/Sarah Mather

T: [phone]

Turner Pope Investments (TPI) Limited   (Joint Broker)

Andy Thacker/James Pope

T: [phone]

Sasfin Capital Proprietary Limited (a member of the Sasfin group)

Sharon Owens
T (direct): [phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended.

 

END

 

 

RAGUROURABUAOAA