CRA.L Regulatory News (CRA)

Cradle Arc Plc / EPIC: CRA.L / Market: AIM / Sector: Mining

23 August 2018

Cradle Arc plc

("Cradle Arc", the "Company" or, together with its subsidiaries, the "Group")

Notice of General Meeting

Cradle Arc (AIM: CRA), the African focused base and precious metals exploration and production company, announces that a circular containing a Notice of General Meeting (the "Circular"), to be held at the offices of Stephenson Harwood LLP, 1 Finsbury Circus, London EC2M 7SH at 11.00 a.m. on 13 September 2018, has today been sent to shareholders. The purpose of the General Meeting is to seek shareholder approval to receive and adopt the annual report and accounts for the financial year ended 31 December 2017 and to update the relevant Board authorities to allot the Company's ordinary shares.

The Notice of General Meeting and Form of Proxy, together with an explanatory covering letter from the Company's Non-Executive Chairman, will be available for download from the Company's website at www.cradlearc.com.

General Meeting

A General Meeting of the Company, notice of which is set out at the end of the Circular, is to be held at 11.00 a.m. on 13 September 2018 at the offices of Stephenson Harwood LLP, 1 Finsbury Circus, London EC2M 7SH. The General Meeting is being held for the purpose of considering and, if thought fit, passing three resolutions which are summarised below:

1. Resolution 1 is to be proposed as an ordinary resolution whereby the Board presents for receipt and adoption the Company's annual report and accounts for the financial year ended 31 December 2017, together with the reports of the Directors and Auditors thereon.

2. Resolution 2 is to be proposed as an ordinary resolution authorising the Directors under section 551 of the Companies Act 2006 (the "Act") to allot relevant securities up to an aggregate nominal amount of £18,426.13 (representing approximately two thirds of the Company's issued ordinary share capital).

3. Resolution 3 is to be proposed as a special resolution authorising the Directors under section 570(1) of the Act to issue equity securities up to a maximum nominal amount of £9,213.07 (representing approximately one third of the Company's issued ordinary share capital) for cash on a non pre-emptive basis.

Recommendation

The Board considers that each of the resolutions to be proposed at the General Meeting are in the best interests of the Company and its shareholders as a whole and unanimously recommends that shareholders vote in favour of the proposed resolutions, as they intend to do in respect of their own beneficial holdings.

**ENDS**

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

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.