10 Nov 2020 07:00
10 November 2020
Ormonde Mining plc
("Ormonde" or "the Company")
Notice of Annual General Meeting & Business Update
Ormonde announces that a Notice of Annual General Meeting and Form of Proxy, together with a Chairman's Letter, have been posted to shareholders.
Copies of these documents are available on the Company's website at: www.ormondemining.com/investors/investor-notices/.
While Ormonde had been seeking to align the Annual General Meeting ("AGM") date with the date of an Extraordinary General Meeting ("EGM"), relating to the migration of the Company's central securities depositary from CREST to Euroclear Bank (this migration being required by all listed Irish companies as a consequence of Brexit), delays outside of the Company's control in relation to the migration have resulted in the EGM being deferred to early 2021. The Company has therefore decided to proceed with a standalone AGM at the earliest practicable date.
Details of the Annual General Meeting:
The AGM will be held at 11.00 a.m. on Thursday, 3 December 2020 at Bracetown Business Park, Clonee, Co. Meath, Ireland.
At the time of publication of the Notice of AGM, the Irish government has in place compulsory measures restricting public gatherings as a result of COVID-19. In the light of these measures, uncertainty as to which measures will be applicable at the time of the AGM, and with the safety and wellbeing of the Company's shareholders and staff in mind, in addition to all members of the Board currently being located outside of Ireland, the Company will run the AGM this year effectively as a closed meeting. The Company will not be in a position to facilitate physical attendance at the AGM.
· The Company will make arrangements for the minimum quorum to be present to transact the formal business of the meeting as set out in the Notice;
· Shareholders are advised to vote by proxy in advance of the AGM to ensure their votes count, and due to the attendance restrictions it is recommended that shareholders nominate the Chairman as the proxy;
· All resolutions at the AGM will be decided on a poll and the results will be published on the Company's website, www.ormondemining.com, as soon as possible after the conclusion of the AGM;
· Shareholders are invited to submit questions in advance of the AGM in writing, by email to agm2020@ormondemining.com, to be received by 11.00 a.m. on Tuesday 1 December 2020. All correspondence should include sufficient information to identify the shareholder on the Register of Members;
· Shareholders will be able to listen live to the business of the meeting through a teleconference facility.
For further instructions on voting by proxy, shareholders are referred to the Chairman's Letter and Form of Proxy. To be valid, proxies must be received by no later than 11.00 a.m. on Tuesday 1 December 2020.
AGM - Listen Live Facility
Shareholders may listen live to the AGM proceedings by availing of the teleconference facility and dialling-in to the following number at the time of the meeting and using the pin code provided:
· Ireland: +353 (0)1 246 5637
· UK: +44 (0)330 336 9104
Pin Code: 162047
Shareholders wishing to vote will still need to submit a Form of Proxy by the relevant deadline before the AGM, as it will not be possible to vote using the teleconference facility.
Business Update:
Further to the Company's announcement of 16 September 2020, Ormonde remains in an exclusivity agreement in relation to a potential acquisition of a mineral resource project and due diligence remains ongoing. While there can be no certainty that a transaction will complete, Ormonde continues to pursue this opportunity and will provide an update to shareholders in relation to progress as appropriate.
Enquiries to:
Ormonde Mining plc
Jonathan Henry, Executive Chairman
Paul Carroll, Chief Financial Officer
Fraser Gardiner, Chief Operating Officer
Tel: +353 (0)1 8014184
Davy (Nomad, Euronext Growth Advisor and Joint Broker)
John Frain / Barry Murphy
Tel: +353 (0)1 679 6363
SP Angel Corporate Finance LLP (Joint Broker)
Ewan Leggat
Tel: +44 (0)20 3 470 0470