20 Mar 2023 14:00
20 March 2023
Metal Tiger plc
("Metal Tiger" or the "Company")
Result of General Meeting and further re AIM Cancellation
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, is pleased to announce that at the General Meeting of the Company held earlier today, the resolutions placed before the meeting, each of which was an ordinary resolution, were approved on a poll. Full details of the voting at the General Meeting are set out in the table further below.
Voting results
No. | Resolution | In favour | Against | Total votes cast as a % of issued share capital | Votes withheld | ||
Votes | % | Votes | % |
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1. | New Investing Policy | 34,667,078 | 60.26% | 22,862,130 | 39.74% | 33.96% | 75,977 |
2. | New Option Scheme | 32,336,227 | 56.26% | 25,138,460 | 43.74% | 33.92% | 130,498 |
3. | Cancellation and Re-Issue of Existing Options | 32,061,227 | 55.78% | 25,413,460 | 44.22% | 33.92% | 130,498 |
4. | Issue of options to Charles Hall | 32,061,227 | 55.78% | 25,413,460 | 44.22% | 33.92% | 130,498 |
5. | Issue of options to David McNeilly | 32,061,227 | 55.78% | 25,413,460 | 44.22% | 33.92% | 130,498 |
6. | Issue of options to Mark Potter | 29,685,874 | 51.65% | 27,788,813 | 48.35% | 33.92% | 130,498 |
7. | Issue of options to David Wargo | 32,020,227 | 55.71% | 25,454,460 | 44.29% | 33.92% | 130,498 |
NOTES:
1. Proxy appointments which gave discretion to the Chairman of the Meeting have been included in the "For" total for the appropriate resolution
2. Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution
3. A vote withheld is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution
AIM Cancellation
The AIM Cancellation will take place at 7.00 am on 31 March 2023. On this basis, the last day of trading of the Shares on AIM will be 30 March 2023.
Unless otherwise indicated, defined terms in this announcement shall have the same meaning as described in the circular to Shareholders dated 2 March 2023.
Enquiries:
Michael McNeilly | (Chief Executive Officer) | Tel: +44 (0)20 3287 5349 |
Mark Potter | (Chief Investment Officer) |
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James Dance Richard Johnson Robert Collins | Strand Hanson Limited (Nominated Adviser) | Tel +44 (0)20 7409 3494 |
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Simon Johnson Alexandra Campbell-Harris | Zeus Capital Limited (Broker) | Tel: +44 (0)20 7614 5900 |
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Gordon Poole Elfie Kent Rebecca Waterworth | Camarco (Financial PR) | Tel: +44 (0)20 3757 4980 |
Notes to Editors:
Metal Tiger PLC is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") and the ASX Market of the Australian Securities Exchange Market ("ASX") with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.
The Company's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector.
Equity Investments invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its interest in Sandfire Resources Limited (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO.
The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.
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