23 May 2017 07:01
ASX ANNOUNCEMENT | 23 May 2017 |
2016 ANNUAL GENERAL MEETING - RESULTS
Annual General Meeting Presentation Metminco Ltd (ASX:MNC: AIM: MNC) announces that it has today released the Presentation made at the Company's 2016 Annual General Meeting on 23 May 2017. A copy of the presentation can be downloaded from the Company's' website www.metminco.com.au. Results of Annual General Meeting:
Pursuant to Listing Rule 3.13.2 and Section 251AA of the Corporations Law, Metminco Limited (Metminco or the Company) advises that the resolutions put to shareholders at the 2016 Annual General Meeting of the Company held on 23 May 2017 were carried.
Summarised below is the number of votes cast on the poll in respect of each resolution: Resolution 1:
"That the Remuneration Report for the year ended 31 December 2016 be adopted."
Valid Proxies Received:
· 21,861,391 votes for the Resolution · 864,377 votes have appointed the Chairman as Proxy · 910,754 votes against the Resolution More than 75% of votes were cast in favour of this resolution. Resolution 2:
"That, for the purpose of clause 15.6 of the Constitution and for all other purposes, Ram Venkat, a Director who was appointed to fill a casual vacancy on 20 March 2017 retires, and being eligible, is re-elected as a Director."
Valid Proxies Received:
· 39,754,833 votes for the Resolution · 874,740 votes have appointed the Chairman as Proxy · 798,940 votes against the Resolution More than 50% of votes were cast in favour of this resolution. Resolution 3:
"That, for the purposes of Listing Rule 7.4 and for all other purposes, shareholders approve and ratify the allotment and issue of a total of 12,345,639 Convertible Notes in the Company."
Valid Proxies Received:
· 28,780,544 votes for the Resolution · 874,531 votes appointed the Chairman as Proxy · 630,661 votes against the Resolution More than 50% of votes were cast in favour of this resolution. | |
Resolution 4:
"That, for the purposes of Listing Rule 7.4 and for all other purposes, shareholders approve and ratify the allotment and issue of a total of 12,345,639 Tranche 1 Options in the Company."
Valid proxies received:
· 28,774,885 votes for the Resolution
· 874,517 votes appointed the Chairman as Proxy
· 635,225 votes against the Resolution
More than 50% of votes were cast in favour of this resolution.
Resolution 5:
"That for the purposes of Listing Rule 7.1 and for all other purposes, approval is given for the Company to be authorised to issue and allot 12,345,639 Tranche 2 Options in the Company."
Valid proxies received:
· 28,762,871 votes for the Resolution
· 886,675 votes appointed the Chairman as Proxy
· 805,805 votes against the Resolution
More than 50% of votes were cast in favour of this resolution.
Resolution 6:
"That for the purposes of Listing Rule 7.1A and for all other purposes, the issue of up to 10% of the Company's share capital calculated in accordance with Listing Rule 7.1A is approved."
The Resolution was not supported by more than 75% of proxy votes and Directors resolved to withdraw the resolution.
Philip W Killen
Company Secretary
Metminco Limited ABN 43 119 759 349 ASX Code: MNC.AX; AIM Code: MNC.L | Level 4, 6 Help Street, Chatswood, NSW, 2067 Tel: +61 (0) 2 9460 1856; Fax: +61 (0) 2 9460 1857 | |
www.metminco.com.au | ||
For further information, please contact: METMINCO LIMITED | ||
Phil Killen | Office: +61 (0) 2 9460 1856 | |
NOMINATED ADVISOR AND BROKER | ||
RFC Ambrian | ||
Australia | ||
Will Souter / Nathan Forsyth | 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 / Tom Huddart / James Crothers | Office: + 44 (0) 20 3757 4997 |