Last checked at 30 Nov 2021 13:00
30 November 2021
Europa Metals Ltd
("Europa Metals", the "Company" or the "Group") (AIM, AltX: EUZ)
Results of Annual General Meeting and Issue of Equity
Europa Metals, the European focused lead, zinc and silver developer, is pleased to announce that the resolutions proposed at its Annual General Meeting ("AGM") held earlier today, as set out in the Notice of Annual General Meeting dated 29 October 2021 (the "Notice"), were all duly approved by shareholders.
Defined terms used in this announcement have the same meanings as those ascribed to them in the Notice and/or its associated Explanatory Statement unless otherwise defined herein or the context requires otherwise.
A poll was taken at the AGM and in accordance with section 251AA of the Corporations Act 2001, the following information is provided in respect of each of the resolutions considered and voted upon at the AGM.
The total number of proxy votes exercisable by all proxies validly appointed was in respect of 14,773,856 ordinary shares from the validly appointed proxies of 16 shareholders.
Details of proxy and poll votes in respect of each of the resolutions set out in the Notice are as follows.
Resolution 1: Re-election of Laurence Read as a director
Manner in which securityholder directed the proxy vote (at proxy close date) | Manner in which votes were cast in person or by proxy on a poll | ||||||
VOTES FOR | VOTES AGAINST | VOTES DISCRETIONARY | VOTES ABSTAIN | VOTES FOR | VOTES AGAINST | VOTES ABSTAIN | VOTESRESULT |
11,663,779 | 3,109,591 | 486 | - | 11,960,884 | 3,109,591 | - | Pass |
78.95% | 21.05% | 0.00% | N/A | 79.37% | 20.63% | N/A | |
Resolution 2: Approval to issue the Second Fundraising Shares
Manner in which securityholder directed the proxy vote (at proxy close date) | Manner in which votes were cast in person or by proxy on a poll | ||||||
VOTES FOR | VOTES AGAINST | VOTES DISCRETIONARY | VOTES ABSTAIN | VOTES FOR | VOTES AGAINST | VOTES ABSTAIN | VOTESRESULT |
11,663,779 | 3,109,591 | 486 | - | 11,960,884 | 3,109,591 | - | Pass |
78.95% | 21.05% | 0.00% | N/A | 79.37% | 20.63% | N/A | |
Resolution 3: Approval to issue Adviser Options to Bennelong Corporate Limited
Manner in which securityholder directed the proxy vote (at proxy close date) | Manner in which votes were cast in person or by proxy on a poll | ||||||
VOTES FOR | VOTES AGAINST | VOTES DISCRETIONARY | VOTES ABSTAIN | VOTES FOR | VOTES AGAINST | VOTES ABSTAIN | VOTESRESULT |
11,433,643 | 3,257,522 | 486 | 82,205 | 11,730,748 | 3,257,522 | 82,205 | Pass |
77.83% | 22.17% | 0.00% | N/A | 78.27% | 21.73% | N/A | |
Resolution 4: General Authority to allot securities for non-cash consideration purposes
Manner in which securityholder directed the proxy vote (at proxy close date) | Manner in which votes were cast in person or by proxy on a poll | ||||||
VOTES FOR | VOTES AGAINST | VOTES DISCRETIONARY | VOTES ABSTAIN | VOTES FOR | VOTES AGAINST | VOTES ABSTAIN | VOTESRESULT |
11,666,706 | 2,322,918 | 486 | 73 | 11,963,811 | 2,322,918 | 73 | Pass |
83.40% | 16.60% | 0.00% | N/A | 83.74% | 16.26% | N/A | |
Resolution 5: Disapplication of Pre-emption Rights (authority to allot securities for cash consideration purposes)
Manner in which securityholder directed the proxy vote (at proxy close date) | Manner in which votes were cast in person or by proxy on a poll | ||||||
VOTES FOR | VOTES AGAINST | VOTES DISCRETIONARY | VOTES ABSTAIN | VOTES FOR | VOTES AGAINST | VOTES ABSTAIN | VOTESRESULT |
11,430,839 | 3,342,458 | 486 | 73 | 11,727,944 | 3,342,458 | 73 | Pass |
77.38% | 22.62% | 0.00% | N/A | 77.82% | 22.18% | N/A | |
Resolution 6: Amendments to the Company's Constitution
Manner in which securityholder directed the proxy vote (at proxy close date) | Manner in which votes were cast in person or by proxy on a poll | ||||||
VOTES FOR | VOTES AGAINST | VOTES DISCRETIONARY | VOTES ABSTAIN | VOTES FOR | VOTES AGAINST | VOTES ABSTAIN | VOTESRESULT |
11,665,070 | 3,106,591 | 522 | 1,673 | 11,962,211 | 3,106,591 | 1,673 | Pass |
78.97% | 21.03% | 0.00% | N/A | 79.38% | 20.62% | N/A | |
Issue of Equity and Total Voting Rights
Further to the approval of Resolution 2 at the AGM, the Company is proceeding with the issue of the Second Fundraising Shares pursuant to the terms of the Fundraising, full details of which were announced on 26 October 2021.
Accordingly, application has been made to the London Stock Exchange for admission of the 5,434,676 Second Fundraising Shares to trading on AIM ("Admission") and to the Johannesburg Stock Exchange for quotation on AltX. It is expected that Admission will become effective and that dealings in the Second Fundraising Shares will commence at 8.00 a.m. on 1 December 2021.
Following Admission, the Company's total issued ordinary share capital will comprise 79,130,649 Ordinary Shares with voting rights. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's share capital pursuant to the Company's Constitution.
Further to the approval of Resolution 3 at the AGM, the Company will shortly proceed to issue 1,500,000 adviser options to Bennelong Corporate Limited on the terms and conditions contained within Annexure A to the Explanatory Statement (the "Adviser Options"). The Adviser Options are exercisable at 5 pence per share up to and including 30 November 2023.
For further information on the Company, please visit:
www.europametals.com
Linkedin: Europa Metals ltd
Twitter: @ltdeuropa
Vox: Europametals
or contact:
Europa Metals Ltd
Dan Smith, Non-Executive Director and Company Secretary (Australia)
T: +61 417 978 955
Laurence Read, CEO (UK)
info@europametals.com
Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler
T: +44 (0)20 7409 3494
WH Ireland Limited (Joint Broker)
Harry Ansell/Dan Bristowe/Katy Mitchell/Sarah Mather
T: +44 (0)20 7220 1666
Turner Pope Investments (TPI) Limited (Joint Broker)
Andy Thacker/James Pope
T: +44 (0)20 3657 0050
Sasfin Capital Proprietary Limited (a member of the Sasfin group)
Sharon OwensT (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 as it forms part of United Kingdom domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended.