Last checked at 26 Jun 2023 17:00
26 June 2023
Premier African Minerals Limited
Result of Annual General Meeting
Premier African Minerals Limited ("Premier" or the "Company") announces the results for the resolutions proposed to shareholders at the Company's 2023 Annual General Meeting held earlier. The voting was determined by a poll and the results in respect of each Resolution were as follows:
Resolution | Votes for | Votes against | Outcome
|
Ordinary Resolution |
|
|
|
Re-election of George G Roach as a director of the Company
| 3,898,390,479 | 3,007,570,606 | Resolution passed |
Special Resolution |
|
|
|
Authority to disapply pre-emption rights
| 3,875,569,299 | 3,030,360,026 | Resolution failed |
Notes: 6 Proxies with votes lodged. | |||
Accordingly, George Roach has been re-appointed as a director.
As announced earlier today, Premier has the general authority to issue shares on a pre-emptive basis such as an open offer or rights issue.
Enquiries:
George Roach | Premier African Minerals Limited | Tel: +27 (0) 100 201 281 |
Michael Cornish / Roland Cornish | Beaumont Cornish Limited (Nominated Adviser) | Tel: +44 (0) 20 7628 3396 |
Douglas Crippen | CMC Markets UK Plc | Tel: +44 (0) 20 3003 8632 |
John More/Toby Gibbs | Shore Capital Stockbrokers Limited | Tel: +44 (0) 20 7408 4090 |
Notes to Editors:
Premier African Minerals Limited (AIM: PREM) is a multi-commodity mining and natural resource development company focused on Southern Africa with its RHA Tungsten and Zulu Lithium projects in Zimbabwe.
The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in Zimbabwe and lithium and gold in Mozambique, encompassing brownfield projects with near-term production potential to grass-roots exploration. The Company has accepted a share offer by Vortex Limited ("Vortex") for the exchange of Premier's entire 4.8% interest in Circum Minerals Limited ("Circum"), the owners of the Danakil Potash Project in Ethiopia, for a 13.1% interest in the enlarged share capital of Vortex. Vortex has an interest of 36.7% in Circum.
In addition, the Company holds a 19% interest in MN Holdings Limited, the operator of the Otjozondu Manganese Mining Project in Namibia.
Ends