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Metminco Limited (MNC)

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Thursday 25 January, 2018

Metminco Limited

Notice of Extraordinary General Meeting

RNS Number : 8670C
Metminco Limited
25 January 2018
 

AIM ANNOUNCEMENT                                                                                                                   25 January 2018

NOTICE OF EXTRAORDINARY GENERAL MEETING

Metminco Limited (the Company) (ASX: MNC; AIM: MNC) announces that notice has been given calling an Extraordinary General Meeting of the Company for shareholders to consider and vote on a resolution regarding the issue of shares to an existing shareholder, Redfield Asset Management Pty Limited (Redfield), following the conversion of convertible notes and exercise of options which were previously granted to Redfield at the Company's Annual General Meeting on 23 May 2017.

The Extraordinary General Meeting will be held on Friday, 2 March 2018 at the offices of Grant Thornton Australia, Level 13, 383 Kent Street, Sydney, NSW 2000 at 10.00am (Sydney time).

The Notice of Meeting, Explanatory Memorandum, Independent Expert's Report prepared by Grant Thornton Corporate Finance Pty Ltd (Grant Thornton), Independent Specialist Report (prepared by SRK Consulting (Australasia) Pty Ltd)  and Proxy Form have been mailed to the Company's shareholders and have been sent in accordance with Rule 20 of the AIM Rules for Companies.

At the Extraordinary General Meeting, shareholders will be asked to vote upon the following resolution:

"That, for the purpose of section 611 (item 7) of the Corporations Act 2001 (Cth) and for all other purposes, shareholders approve the issue of shares to Redfield pursuant to the proposed conversion of the convertible notes and exercise of options, on the terms and conditions set out in the Explanatory Memorandum accompanying the Notice of Meeting."

In its Independent Expert Report, Grant Thornton concluded that the issue of shares in the Company, following conversion of the notes and exercise of the options, is not fair but reasonable to non-associated shareholders of the Company.

All directors recommend that shareholders vote in favour of the resolution. The Chairman of the meeting intends to vote undirected proxies in favour of the resolution.

A copy of the Notice of Meeting, Explanatory Memorandum, Independent Expert Report, Independent Specialist Report and sample Proxy Form are available on the Company's website: .

 

Graeme Hogan

Company Secretary

 

 

 

 

For further information, please contact:

METMINCO LIMITED

 

 

Graeme Hogan

 

 

Office:  +61 (0) 2 9460 1856

 

 

 

NOMINATED ADVISOR AND BROKER

 

 

RFC Ambrian

 

 

Australia

 

 

Andrew Thomson / Alena Broesder

 

Office:  +61 (0) 2 9250 0000

 

 

 

United Kingdom

 

 

Charlie Cryer

 

Office:  +44 (0) 20 3440 6800

 

 

 

JOINT BROKER

 

 

SP Angel Corporate Finance LLP (UK)

 

 

Ewan Leggat

 

Office:  +44 (0) 20 3470 0470

 

 

 

PUBLIC RELATIONS

 

 

Camarco

United Kingdom

 

 

Gordon Poole / Nick Hennis

 

Office:  + 44 (0) 20 3757 4997

 

 

 

Media + Capital Partners

 

 

Australia

 

 

Luke Forrestal

 

Office: +61 (0) 411 479 144

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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