25 Jan 2018 07:00
AIM ANNOUNCEMENT 25 January 2018
NOTICE OF EXTRAORDINARY GENERAL MEETING
Metminco Limited (the Company) (ASX: MNC; AIM: MNC) announces that notice has been given calling an Extraordinary General Meeting of the Company for shareholders to consider and vote on a resolution regarding the issue of shares to an existing shareholder, Redfield Asset Management Pty Limited (Redfield), following the conversion of convertible notes and exercise of options which were previously granted to Redfield at the Company's Annual General Meeting on 23 May 2017.
The Extraordinary General Meeting will be held on Friday, 2 March 2018 at the offices of Grant Thornton Australia, Level 13, 383 Kent Street, Sydney, NSW 2000 at 10.00am (Sydney time).
The Notice of Meeting, Explanatory Memorandum, Independent Expert's Report prepared by Grant Thornton Corporate Finance Pty Ltd (Grant Thornton), Independent Specialist Report (prepared by SRK Consulting (Australasia) Pty Ltd) and Proxy Form have been mailed to the Company's shareholders and have been sent in accordance with Rule 20 of the AIM Rules for Companies.
At the Extraordinary General Meeting, shareholders will be asked to vote upon the following resolution:
"That, for the purpose of section 611 (item 7) of the Corporations Act 2001 (Cth) and for all other purposes, shareholders approve the issue of shares to Redfield pursuant to the proposed conversion of the convertible notes and exercise of options, on the terms and conditions set out in the Explanatory Memorandum accompanying the Notice of Meeting."
In its Independent Expert Report, Grant Thornton concluded that the issue of shares in the Company, following conversion of the notes and exercise of the options, is not fair but reasonable to non-associated shareholders of the Company.
All directors recommend that shareholders vote in favour of the resolution. The Chairman of the meeting intends to vote undirected proxies in favour of the resolution.
A copy of the Notice of Meeting, Explanatory Memorandum, Independent Expert Report, Independent Specialist Report and sample Proxy Form are available on the Company's website: www.metminco.com.au.
Graeme Hogan
Company Secretary
For further information, please contact: METMINCO LIMITED |
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Graeme Hogan
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| Office: +61 (0) 2 9460 1856 |
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NOMINATED ADVISOR AND BROKER |
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RFC Ambrian |
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Australia |
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Andrew Thomson / Alena Broesder |
| Office: +61 (0) 2 9250 0000 |
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United Kingdom |
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Charlie Cryer |
| Office: +44 (0) 20 3440 6800 |
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JOINT BROKER |
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SP Angel Corporate Finance LLP (UK) |
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Ewan Leggat |
| Office: +44 (0) 20 3470 0470 |
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PUBLIC RELATIONS |
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Camarco United Kingdom |
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Gordon Poole / Nick Hennis |
| Office: + 44 (0) 20 3757 4997 |
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Media + Capital Partners |
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Australia |
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Luke Forrestal |
| Office: +61 (0) 411 479 144 |