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

25,519,060

87.15

3,762,000

12.85

29,281,060

6.21

 

* 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


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.
 
END
 
 
ROMTJMJTMTIBBPM