Ormonde Mining PLC

EGM Results

RNS Number : 9547C
Ormonde Mining PLC
13 February 2020


13 February 2020




Ormonde Mining plc

("Ormonde" or "the Company")


Result of EGM


Ormonde announces that the ordinary resolution to approve the disposal of the Company's 30% interest in the Barruecopardo Tungsten Mine, as proposed to shareholders at the Company's Extraordinary General Meeting held in Dublin today, was duly passed.


The resolution was decided on a show of hands. The number of proxy votes assigned to the Chairman of the meeting for and against the resolution were as follows:



Votes for (including discretion)

Votes against

Total Votes cast

No. of shares

% of shares voted

No. of shares

% of

shares voted

No. of shares

% of issued share capital*

Resolution to approve Proposed Disposal








* The issued share capital of the Company is 472,507,482 ordinary shares of nominal value €0.01 each.



Closing obligations of the parties, including the payment by Oaktree to Ormonde of the €6 million disposal proceeds, are due to be completed in the coming days. In accordance with the Sale and Purchase Agreement, completion must occur within a maximum of 5 business days of Ormonde having received shareholder approval for the disposal.  A further update will be provided once completion has occurred.




Enquiries to:


Ormonde Mining plc

Paul Carroll, Chief Financial Officer

Fraser Gardiner, Chief Operating Officer

Tel: +353 (0)1 8014184


Davy (Nomad, Euronext Growth Advisor and Joint Broker)

John Frain / Barry Murphy

Tel: +353 (0)1 6796363


SP Angel Corporate Finance LLP (Joint Broker)

Ewan Leggat 

Tel: +44 (0)20 3 470 0470

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