Last checked at 30 Jun 2021 11:47
30 June 2021
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Result of Annual General Meeting
Pathfinder held its Annual General Meeting at 11.30am on 30 June 2021. All valid proxy votes were included in the poll taken at the meeting.
The table below shows the results of the poll on all eight resolutions. The full text of the resolutions is contained in the Notice of Annual General Meeting published on 4 June 2021, which is available on Pathfinder's website at www.pathfinderminerals.com.
Resolution | Votes For | % | Votes Against | % | Total no. votes cast | % of ISC | Votes Withheld |
1 | 38,258,009 | 99.2 | 300,000 | 0.8 | 38,558,009 | 7.3 | 172,224,175 |
2 | 38,248,009 | 99.2 | 310,000 | 0.8 | 38,558,009 | 7.3 | 172,224,175 |
3 | 38,248,009 | 99.2 | 310,000 | 0.8 | 38,558,009 | 7.3 | 172,224,175 |
4 | 38,248,009 | 99.2 | 310,000 | 0.8 | 38,558,009 | 7.3 | 172,224,175 |
5 | 38,258,009 | 99.2 | 300,000 | 0.8 | 38,558,009 | 7.3 | 172,224,175 |
6 | 38,258,009 | 99.2 | 300,000 | 0.8 | 38,558,009 | 7.3 | 172,224,175 |
7 | 38,248,009 | 99.2 | 310,000 | 0.8 | 38,558,009 | 7.3 | 172,224,175 |
8 | 38,248,009 | 18.1 | 172,534,175 | 81.9 | 210,782,184 | 39.7 | 0 |
Accordingly, Resolutions 1-7 were passed, while Resolution 8 was not.
The directors consulted with various major shareholders of the Company ahead of the meeting and understand that their present policy is to vote against all routine resolutions to disapply pre-emption rights.
On 29 March 2021, shareholders passed a special resolution authorising the allotment and disapplication of pre-emption rights up to an aggregate nominal amount of £125,000, of which £12,706 subsists. This authority will expire on 29 June 2022 unless utilised or substituted before that date. In the event the directors should require authority in the future to allot shares beyond this remaining authority, they will consult with significant and substantial shareholders known to the Company and, assuming still thought appropriate, convene a general meeting to seek the necessary authorities.
Notes
· A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" and "Against"
· Votes "For" and "Against" are expressed as a percentage of votes validly cast for that resolution at the AGM
· Votes "For" include those giving discretion to the Chair or a third party
· "% of ISC" denotes the votes validly cast for each resolution as a percentage of the issued share capital of Ordinary shares as at the voting entitlement date.
Enquiries:
Pathfinder Minerals Plc
Peter Taylor, Chief Executive Officer
Tel. +44 (0)20 3143 6748
Strand Hanson Limited (Nominated & Financial Adviser)
James Spinney / Ritchie Balmer / Rob Patrick
Tel. +44 (0)20 7409 3494
Vigo Consulting (Public Relations)
Ben Simons / Kate Kilgallen
Tel. +44 (0)20 7390 0234
Email. pathfinderminerals@vigocomms.com
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").