RE: One Processing Plant, Multiple Mines?3 Jun 2026 11:27
The full resolutions are on the company website. Special resolution 7 pasted below. What I am not 100% clear on is whether this is a slight rehash of what was already proposed at the April GM, with a small increase in number, or something new?
7. That the Company be and it is hereby generally and unconditionally authorised for the
purposes of section 701 of the Act to make market purchases (as defined in section 693(4) of
the Act) of ordinary shares of 0.15p each in the capital of the Company (βordinary sharesβ) on
such terms and in such manner as the Directors may from time to time determine provided
that:
(a) the maximum aggregate number of ordinary shares which may be purchased is
100,368,098;
(b) the minimum price (exclusive of expenses) which may be paid for each ordinary share
is 0.15p; and
(c) the maximum price (exclusive of expenses) which may be paid for any ordinary share
does not exceed the higher of:
(i) 5% above the average middle market price of the ordinary shares on AIM, a market
operated by the London Stock Exchange plc (βAIMβ) for the five business days
immediately preceding the date on which the Company agrees to buy the shares
concerned; and
(ii) the price of the last independent trade of any ordinary share and the highest
independent current bid for an ordinary share on AIM at the time the purchase is
carried out.