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Capital Metals plc announced that all resolutions were approved by shareholders at its Annual General Meeting held on 30 September 2024. Shareholders approved the Company's Annual Report and Accounts, the re-appointment of Bruce Griffin as a director, and PKF Littlejohn LLP as auditors, each receiving 55,611,961 votes in favour. Additionally, directors were authorised to allot and issue ordinary shares and grant rights up to an aggregate nominal value of £310,325, and to issue equity securities for cash on a non-pre-emptive basis, both with 55,567,890 votes in favour.
| Date | 30 Sept 2024 |
| Time | 12:52:09 |
| Category | AGMs and other meetings |
| ID | 2789G |
30 September 2024
Capital Metals plc
("Capital Metals" or the "Company")
Result of Annual General Meeting
Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka (the "Project"), announces that at the Annual General Meeting ("AGM") held earlier today all the resolutions put to the meeting were duly approved by shareholders.
The numbers of votes for each resolution are presented below:
|
|
Ordinary Resolution |
For |
Against |
Withheld |
|
1. |
To receive the Company's Annual Report and Accounts |
55,611,961 |
25 |
100 |
|
2. |
To authorise the re-appointment of Bruce Griffin |
55,611,961 |
25 |
100 |
|
3. |
To re-appoint PKF Littlejohn LLP as auditors |
55,611,961 |
25 |
100 |
|
4. |
To authorise the directors to allot and issue ordinary shares and grant rights to subscribe for shares up to an aggregate nominal value of £310,325 |
55,567,890 |
44,096 |
100 |
|
|
Special Resolution |
|
|
|
|
5. |
To authorise the directors to issue equity securities wholly for cash on a non-pre-emptive basis pursuant to the authority conferred by resolution number 4 above |
55,567,890 |
44,096 |
100 |
Notes:
1. The "For" Proxy vote includes those giving the Chair of the AGM discretion
2. A vote "Withheld" is not a vote in law and is not included in the proxy votes "For" or "Against" the resolution
For further information, please visit www.capitalmetals.com or contact:
|
Capital Metals plc Greg Martyr (Executive Chairman) |
Via Vigo Consulting |
|
Vigo Consulting (Investor Relations) Ben Simons / Peter Jacob |
+44 (0)20 7390 0234 |
|
SPARK Advisory Partners (Nominated Adviser) Neil Baldwin / James Keeshan / Adam Dawes |
+44 (0)20 3368 3550 |
|
Tavira Financial Jonathan Evans / Oliver Stansfield |
+44 (0)20 7100 5100 |
About Capital Metals
Capital Metals is a UK company listed on the London Stock Exchange (AIM: CMET). We are developing the Eastern Minerals Project in Sri Lanka, approximately 220km east of Colombo, containing industrial minerals including ilmenite, rutile, zircon, and garnet. The Project is one of the highest-grade mineral sands projects globally, with potential for further grade and resource expansion. In 2022, a third-party Preliminary Economic Assessment provided a Project NPV of US$155-235m based on existing resources, with further identified optimisation potential. We are committed to applying modern mining practices and bringing significant positive benefits to Sri Lanka and the local community. We expect over 300 direct new jobs to be created and over US$130m in direct government royalties and taxes to be paid.
Visit our website:
Follow us on social media:
X (formerly Twitter): @MetalsCapital
LinkedIn: @Capital Metals plc