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16 Jun 2025 13:15
16 June 2025
METALS EXPLORATION PLC
Result of AGM
Metals Exploration plc (AIM: MTL) (the "Company") announces that at its Annual General Meeting held earlier today ("AGM"), all 11 resolutions were passed on a poll.
The votes cast and votes withheld in relation to each resolution were as follows:
Resolution1 | FOR (number of shares)2 | % of votes cast | AGAINST (number of shares)2 | % of votes cast | WITHHELD (number of shares)3 | |
Ordinary resolutions (1 to 9) | ||||||
1. | To receive the audited accounts of the Company for the year ended 31 December 2024, together with the Reports of the Directors and of the Auditors thereon. | 1,588,693,035 | 99.90% | 1,519,728 | 0.10% | 401,217 |
2. | To re-appoint Steven Smith as a Director of the Company. | 1,586,141,301 | 99.74% | 4,210,250 | 0.26% | 262,429 |
3. | To re-appoint Darren Bowden as a Director of the Company. | 1,583,141,301 | 99.55% | 7,210,250 | 0.45% | 262,429 |
4. | To re-appoint Timothy Livesey as a Director of the Company. | 1,586,565,056 | 99.76% | 3,786,495 | 0.24% | 262,429 |
5. | To re-appoint Andrew Chubb as a Director of the Company. | 1,581,502,302 | 99.55% | 7,221,903 | 0.45% | 1,889,775 |
6. | To re-appoint David Cather as a Director of the Company. | 1,582,031,572 | 99.48% | 8,319,979 | 0.52% | 262,429 |
7. | To re-appoint Robert Marshall as a Director of the Company. | 1,580,277,455 | 99.37% | 10,074,096 | 0.63% | 262,429 |
8. | To re-appoint PKF Littlejohn LLP as Auditors of the Company, and to authorise the Directors to determine their remuneration. | 1,589,824,857 | 99.97% | 459,045 | 0.03% | 330,078 |
9. | THAT, the Directors are generally and unconditionally authorised to allot Ordinary Shares and grant rights to subscribe for, or convert any security into, Ordinary Shares up to an aggregate nominal amount of £59,308. | 1,586,393,374 | 99.74% | 4,132,880 | 0.26% | 87,726 |
Special resolutions (10 and 11) | ||||||
10. | THAT, subject to the passing of Resolution 9 above, the Directors be empowered to allot equity securities pursuant to the authority conferred by Resolution 9 above for cash, and by way of a sale of treasury shares, as if section 561 of the Companies Act 2006 did not apply to any such allotment. | 1,575,230,611 | 99.04% | 15,295,643 | 0.96% | 87,726 |
11. | THAT, with effect from the conclusion of the Annual General Meeting, the draft articles of association produced to the Annual General Meeting be adopted as the new articles of association of the Company in substitution for, and to the exclusion of, the Company's existing articles of association. | 1,587,060,574 | 99.98% | 387,789 | 0.02% | 3,165,617 |
Notes:
1. The full text of the resolutions can be found in the Notice of the Annual General Meeting contained in the Circular to shareholders on the Company's website at www.metalsexploration.com/investors.
2. As at the record date for eligibility to vote at the Company's Annual General Meeting, the Company had 3,216,050,370 Ordinary Shares in issue, of which 299,385,458 Ordinary Shares are held in treasury. Accordingly, the Company's total number of voting rights was 2,916,664,912.
3. Votes 'Withheld' are not a vote in law and have not been counted in the calculation of the votes % 'For' and % votes 'Against' the resolutions.
For further information please visit or contact:
Metals Exploration PLC | |
Via BlytheRay | +44 (0) 207 138 3204 |
Nominated & Financial Adviser: | STRAND HANSON LIMITED |
James Spinney, James Dance, Rob Patrick | +44 (0) 207 409 3494 |
Broker: | HANNAM & PARTNERS |
Matt Hasson, Franck Nganou | +44 (0) 207 907 8500 |
Public Relations: | BLYTHERAY |
Megan Ray, Said Izagaren | +44 (0) 207 138 3204 |
metalsexploration@blytheray.com |
Web: www.metalsexploration.com
X: @MTLexploration
LinkedIn: Metals Exploration
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