Tertiary Minerals PLC - mineral exploration and development in the US state of Nevada and in northern Europe - Notes a special annual general meeting resolution failed to pass, with two other motions also facing sizeable opposition. A special resolution to approve dis-application of pre-emption rights was rejected by just over 42% of voters, meaning it did not pass as majority of 75% was needed. Motion to re-elect Donald McAlister as non-executive director passed, though just under 35% rejected proposal. Tertiary adds just over 31% rejected vote to authorise the directors to allot shares, though motion passed. "Patrick Cheetham, the executive chair is always available to engage with shareholders and we would like to take this opportunity to encourage shareholders to contact him to discuss any company issues affecting them," Tertiary says.
Current stock price: 0.37 pence
Year-to-date change: up 48%
By Eric Cunha; ericcunha@alliancenews.com
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Tertiary Minerals (TYM)