Result of General Meeting & Share Consolidation
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
25 February 2025
Nativo Resources Plc
("Nativo" or the "Company")
Result of General Meeting
&
Share Consolidation
Nativo Resources Plc (LON:NTVO), which has interests in gold mines in Peru, announces that at the General Meeting ("GM") of the Company held earlier today, the resolution to approve the share consolidation was duly passed.
The resolution was passed which approved the consolidation of the Company's ordinary shares on a 1,500 for 1 basis, such that every 1,500 ordinary shares of 0.0001p each were consolidated into 1 ordinary share of 0.15p in nominal value (the "Consolidation").
To effect the Consolidation, 104 additional ordinary shares of 0.0001p each ("Additional Shares") have been allotted to an adviser of the Company so that the aggregate nominal value of the ordinary share capital of the Company before the Consolidation is exactly divisible by 1,500.
As a result, the Company's existing issued share capital of 74,935,895,896 ordinary shares of 0.0001p together with the Additional Shares was consolidated into 49,957,264 ordinary shares of 0.15p, each with one voting right. Admission in respect of such new ordinary shares will become effective and that dealings in those new ordinary shares will commence at 8:00 a.m. on 27 February 2025. As a result of the Consolidation, the ISIN of the ordinary shares will change from GB00BF0YPG76 to GB00BRYPS729.
The above figure of 49,957,264 should be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The results of the GM, which were determined by way of a poll, were as follows:
|
Resolution |
For |
% |
Against |
% |
Withheld |
|
1 |
11,736,478,922 |
94.93% |
626,372,578 |
5.07% |
1,109,849 |
Note: a vote "witheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "for" or "against" any resolution.
Any proxy appointments which gave discretion to the chairman of the meeting have been included in the 'For' total.
For further information please contact:
|
Nativo Resources Stephen Birrell, Chief Executive Officer |
Via Vigo Consulting |
|
|
|
|
Zeus (Nominated Adviser and Joint Broker) James Joyce James Bavister |
Tel: +44 (0)20 3829 5000 |
|
|
|
|
Peterhouse Capital limited (Joint Broker) Duncan Vasey Lucy Williams |
Tel: +44 (0)20 7469 0930 |
|
|
|
|
Vigo Consulting (Investor Relations) Ben Simons Peter Jacob |
Tel: +44 (0)20 7390 0234 nativo@vigoconsulting.com |
About Nativo Resources plc
Nativo has interests in gold mining and exploration projects in Peru. Through a 50:50 joint venture established in July 2024 with an experienced local partner, Nativo secured an opportunity to scale operations at the Tesoro Gold Concession, owning 50% of the production and resources. Production and sales of ore to a local gold ore processing plant began in late December 2024.
In December 2024, Nativo also agreed to acquire directly a 100% interest in the Morrocota Gold Mine, proximal to the Tesoro Gold Concession. Production from Morrocota is anticipated to commence by the end of Q2 2025. Longer-term, the Company plans to establish its own gold ore processing plant to retain a higher margin from production at its mines.
In addition to primary gold mining projects, the Company also holds the Ana Lucia Polymetallic concession, and is investigating low capex strategies to appraise and exploit tailings deposits to recover gold.
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