Information  X 
Enter a valid email address

Ferrum Crescent Ltd (FCR)

  Print      Mail a friend

Monday 21 May, 2018

Ferrum Crescent Ltd

Results of General Meeting

RNS Number : 6562O
Ferrum Crescent Ltd
21 May 2018
 

21 May 2018

 

Ferrum Crescent Limited

("FCR", the "Company" or the "Group") (ASX, AIM, JSE: FCR)

 

Results of General Meeting

 

In accordance with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act 2001, the following information is provided in respect of each resolution considered and voted upon at the General Meeting of Shareholders of Ferrum Crescent Limited held today.

 

The total number of proxy votes exercisable by all proxies validly appointed was in respect of 278,485,882 shares from the validly appointed proxies of 25 shareholders. All resolutions were duly passed on a show of hands.

 

Details of the proxy votes in respect of each of the resolutions, as set out in the Notice of General Meeting dated 17 April 2018, are as follows:

 

Resolution 1: Approval to Issue Shares Under the Placement

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





273,211,957

2,622,091

2,651,834

-

98.11%

0.94%

0.95%

-

 

Resolution 2: Ratification of prior issue of Shares

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





273,211,957

2,622,091

2,651,834

-

98.11%

0.94%

0.95%

-

 

Resolution 3: Approval to issue the Placing Options

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





273,211,957

2,622,091

2,651,834

-

98.11%

0.94%

0.95%

-

 

Resolution 4: Approval to issue Placing Options to Related Parties

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





273,211,957

2,836,609

2,651,834

-

98.03%

1.02%

0.95%

-

 

 

Resolution 5: Approval to issue Broker Options to Beaufort Securities Limited

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





272,997,439

2,836,609

2,651,834

-

98.03%

1.02%

0.95%

-

 

Resolution 6: Approval to issue Options to HD Capital Partners Ltd

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





272,997,439

2,836,609

2,651,834

-

98.03%

1.02%

0.95%

-

 

Resolution 7: Ratification of prior issue of Shares

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





273,211,957

2,622,091

2,651,834

-

98.11%

0.94%

0.95%

-

 

Resolution 8: Issue of Shares in Lieu of Director's Fees due to Myles Campion

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





273,175,290

2,658,758

2,651,834

-

98.10%

0.95%

0.95%

-

 

Resolution 9: Issue of Shares in Lieu of Director's fees due to Evan Kirby

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





273,175,290

2,658,758

2,651,834

-

98.10%

0.95%

0.95%

-

 

Resolution 10: Issue of Shares in Lieu of Director's Fees due to Laurence Read

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





273,175,290

2,658,758

2,651,834

-

98.10%

0.95%

0.95%

-

 

 



 

Resolution 11: Grant of Incentive Options to Laurence Read under the Incentive Plan

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





273,120,790

2,658,758

2,651,834

-

98.08%

0.97%

0.95%

-

 

Resolution 12: Grant of Incentive Options to Myles Campion under the Incentive Plan

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





273,120,790

2,658,758

2,651,834

-

98.08%

0.97%

0.95%

-

 

Resolution 13: Grant of Incentive Options to Colin Bird under the Incentive Plan

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





273,120,790

2,658,758

2,651,834

-

98.08%

0.97%

0.95%

-

 

Resolution 14: Grant of Incentive Options to Evan Kirby under the Incentive Plan

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





273,120,790

2,658,758

2,651,834

-

98.08%

0.97%

0.95%

-

 

Resolution 15: Grant of Incentive Options to Daniel Smith under the Incentive Plan

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





273,120,790

2,658,758

2,651,834

-

98.08%

0.97%

0.95%

-

 

Resolution 16: Issue of Options to Grant Button

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





267,764,490

2,713,258

2,651,834

-

98.04%

0.99%

0.97%

-

 

 



 

Resolution 17: Approval of Change of Company's Name

 

Manner in which security holder directed the proxy vote

(at proxy close date)

VOTES

FOR

VOTES

AGAINST

VOTES DISCRETIONARY

VOTES ABSTAIN





273,618,144

715,904

2,901,834

-

98.69%

0.26%

1.05%

-

 

 

Issue of Equity and Application to Trading

 

Further to the approval of resolution 1 and resolutions 8 to 10, the Company will now proceed to issue 1,739,130,435 new ordinary shares at an issue price of 0.0575 pence (A$0.00104; R0.00967) (the "Placing and Subscription Shares") pursuant to the fundraising announced on 21 March 2018 and, in aggregate, a further 55,345,793 new ordinary shares at the same issue price (the "Director Fee Shares") to certain of the Company's directors in lieu of outstanding fees, further details of which were set out in the notice of general meeting and explanatory statement announced on 17 April 2018.

 

Accordingly, application has been made for quotation of the Placing and Subscription Shares and Director Fee Shares on the Australian Securities Exchange and the JSE Limited, and to the London Stock Exchange plc for admission to trading on AIM ("Admission").  It is expected that Admission will become effective and that dealings in the Placing and Subscription Shares and the Director Fee Shares will commence on AIM at 8.00 a.m. on 22 May 2018. The Placing and Subscription Shares and Director Fee Shares will be fully paid and will rank pari passu in all respects with the Company's existing ordinary shares.

 

Following Admission, the total issued ordinary share capital of the Company will comprise 4,849,757,667 ordinary shares.

 

Proposed Change of Company's Name

Further to the approval of resolution 17, a separate announcement will be made in due course regarding the timetable for effecting the change of the Company's name to Europa Metals Limited under a new ticker code of EUZ across the three exchanges (ASX, AIM and JSE) on which the Company's shares are traded.

 

For further information on the Company, please visit www.fcrexploration.com or www.ferrumcrescent.com or contact:

 

Ferrum Crescent Limited

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

T: +61 8 9486 4036

 

Laurence Read, Executive Director (UK)

T: +44 (0)20 3289 9923

 

Strand Hanson Limited (Nominated Adviser)

Rory Murphy/Matthew Chandler 

T: +44 (0)20 7409 3494

 



 

Turner Pope Investments (TPI) Limited (Joint Broker)

Andy Thacker

T: +44 (0)20 3621 4120

 

Peterhouse Corporate Finance Limited (Joint Broker)

Lucy Williams / Duncan Vasey / Heena Karani

T: +44 (0)20 7469 0930

 

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

Sharon Owens
T (direct): +27 11 809 7762

 

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.

 


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
 
 
ROMEFLBLVEFFBBQ

a d v e r t i s e m e n t