Results of General Meeting

Contango Holdings PLC

29 July 2026

 

This announcement contains inside information for the purposes of Article 7 of the UK Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. The distribution of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

29 July 2026

Contango Holdings plc

("Contango" or "the Company")

Results of the General Meeting

Rule 9 Waiver & £5 million Subscription

The Company announces that all Resolutions were duly passed at the General Meeting of the Company held earlier today. Resolution 1, the Rule 9 Waiver Resolution, was passed as an ordinary resolution with the votes of the Independent Shareholders only.

Results of Voting

ORDINARY RESOLUTIONS	For (number and %)	Against (number and %)	Total Votes Cast	% of ISC Voted	Vote Withheld
1.   THAT the Rule 9 waiver granted by the Panel for the Strategic Investors to make a general offer to shareholders as a result of the Subscription to repay the Loan Repayment Shareholders, be and is hereby approved.	73,823,371 97.3%	2,078,916 2.7%	75,902,287	10.01%	91,663,109
2.   THAT the Directors be authorised in accordance with section 551 of Act to allot shares or grant rights to subscribe for, or to convert any security, into shares.	165,232,436 98.8%	2,078,916 1.2%	167,311,352	22.07%	8,855,972
SPECIAL RESOLUTION	For (number and %)	Against (number and %)	Total Votes Cast	% of ISC Voted	Vote Withheld
3.   THAT subject to Resolution 2, the Directors be authorised to allot equity securities for cash as if section 561(1) of the Act did not apply.	165,232,436 98.8%	2,078,916 1.2%	167,311,352	22.07%	8,846,312

Notes:

1.     A "Vote withheld" is not counted in the calculation of the percentage of shares voted "In favour" or "Against".

2.     As at 27 July 2026, being the voting deadline date in respect of the General Meeting, the total number of Ordinary Shares of £0.01 each in issue and the total number of voting rights was 757,979,240.

The Subscription

The Company will now finalise the Subscription by Huo Investments Limited ("Huo Investments"), an existing Shareholder holding 154,750,000 Ordinary Shares in the Company, and Pacific Goal Investments Limited ("PGI HK"), who does not currently hold any shares in the capital of the Company (together the "Strategic Investors"). The Strategic Investors intend to subscribe in aggregate for 450,450,451 Ordinary Shares at 1.11 pence per share ("Issue Price") for gross proceeds of £5 million.

Concert Party Member	Existing Ordinary Shares	Percentage of Existing Ordinary Shares	Subscription Shares	Ordinary Shares following the Subscription	Percentage following the Subscription
Huo Investments	154,750,000	20.4%	91,769,657	246,519,657	20.4%
PGI HK	Nil	0.0%	358,680,794	358,680,794	29.7%
Total	154,750,000	20.4%	450,450,451	605,200,451	50.1%

Accordingly, following the passing of the Resolutions at the General Meeting, the Rule 9 Waiver is approved and the Company has raised gross proceeds of approximately £5 million via the Subscription with the Strategic Investors, details of which were announced on 8 July 2026.

The Company will issue the Subscription Shares following the receipt of £5 million. Following recent communication, the Company expects to close the Subscription in August 2026 and duly apply for the Subscription Shares to begin trading on the London Stock Exchange. The Company will make a further announcement with regards to the Subscription at the appropriate time.

Following the GM the Strategic Investors commented:

'We are delighted to have received confirmation that shareholders have approved all the resolutions. We will shortly move to 50.1% ownership of the Company, complementing our existing operatorship of the Muchesu mine.

We look forward to closing the £5,000,000 next month following receipt of currency exchange approvals, with the application process already underway."

* Words and expressions shall have the same definitions as set out in the circular dated 8 July 2026 unless otherwise stated.

Contacts

For further information, please visit www.contango-holdings-plc.co.uk or contact:

Contango Holdings plc Chief Executive Officer Daniel Dos Santos	E: [e-mail]
Spark Advisory Partners Limited Financial Adviser James Keeshan/Angus Campbell	T: [phone]
Tavira Financial Limited Broker Jonathan Evans	T: [phone]

 

END