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Thor Energy PLC's Annual General Meeting on 28 November 2024 saw all resolutions passed by shareholders. This approval facilitated a Conditional Fundraise, raising gross proceeds of £290,106 at 0.75 pence per ordinary share, contributing to a combined total of £1 million raised by the Company. The Company will issue 38,680,800 Conditional Fundraise Shares, with admission to AIM and ASX expected on 6 December 2024, resulting in a total of 511,943,384 ordinary shares with voting rights.
| Date | 28 Nov 2024 |
| Time | 15:15:42 |
| Category | AGMs and other meetings |
| ID | 0787O |
28 November 2024
Thor Energy PLC
("Thor" or the "Company")
Result of AGM and Total Voting Rights
The directors of Thor Energy Plc ("Thor") (AIM, ASX: THR, OTCQB: THORF) announce that at the Annual General Meeting ("AGM") held earlier today, all resolutions were passed. Accordingly, subject to Admission, the Company has further raised gross proceeds of £290,106 at a price of 0.75 pence per ordinary share pursuant to the Conditional Fundraise having been approved by shareholders, making the combined total raised by the Company (including the Firm Fundraise) of £1 million as announced on 25 October 2024.
All resolutions were passed, with the poll results as follows:
|
Resolution |
For |
% |
Against |
% |
Withheld |
|
1 |
114,005,967 |
99.6% |
441,788 |
0.4% |
55,218 |
|
2 |
90,450,332 |
98.1% |
1,743,759 |
1.9% |
22,292,882 |
|
3 |
90,440,332 |
98.0% |
1,877,663 |
2.0% |
22,158,978 |
|
4 |
92,699,956 |
99.1% |
804,135 |
0.9% |
20,972,882 |
|
5 |
92,360,950 |
80.7% |
22,065,855 |
19.3% |
60,168 |
|
6 |
92,775,666 |
81.3% |
21,295,042 |
18.7% |
416,265 |
|
7 |
92,484,193 |
80.8% |
21,923,311 |
19.2% |
79,469 |
|
8 |
81,984,139 |
98.8% |
1,036,685 |
1.2% |
21,080,175 |
|
9 |
92,331,005 |
80.7% |
22,099,084 |
19.3% |
56,884 |
|
10 |
89,828,929 |
78.5% |
24,591,160 |
21.5% |
66,884 |
|
11 |
80,507,497 |
76.4% |
24,927,599 |
23.6% |
1,584,884 |
|
12 |
88,199,732 |
77.1% |
26,252,672 |
22.9% |
259,884 |
|
13 |
91,120,906 |
80.1% |
22,639,056 |
19.9% |
726,716 |
|
14 |
91,063,448 |
79.9% |
22,953,728 |
20.1% |
469,502 |
Performance Shares
The Notice of Annual General Meeting inadvertently stated the Performance Shares to be issued to Alastair Clayton (Executive Chairman) and Tim Armstrong (Non-Executive Director) will be issued for nil consideration. The Performance Shares will be issued at the nominal value of the Company being £0.001 per ordinary share.
Second Admission and Total Voting Rights
Following the AGM held earlier today, the Company will issue 38,680,800 Conditional Fundraise Shares.
Application will be made to the London Stock Exchange for admission of the Conditional Fundraise Shares to trading on AIM and to the ASX for admission on that market. It is expected that admission will become effective and dealings in the Conditional Fundraise Shares commence at 8.00 a.m. on 6 December 2024.
Following Second Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 511,943,384 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Thor under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Unless otherwise defined, all capitalised terms in this announcement have the meaning given to them in the announcement made at 16.30 on 25 October 2024.
For further information on the Company, please visit the website or please contact the following:
Thor Energy PLC
Alastair Clayton, Executive Chairman
Ray Ridge, CFO / Company Secretary
Tel: +61 (8) 7324 1935
Zeus Capital Limited (Nominated Adviser and Joint Broker)
Antonio Bossi / Darshan Patel / Isaac Hooper
Tel: +44 (0) 203 829 5000
SI Capital Limited (Joint Broker)
Nick Emerson
Tel: +44 (0) 1483 413 500
Yellow Jersey (Financial PR)
Dom Barretto / Shivantha Thambirajah / Bessie Elliot
Tel: +44 (0) 20 3004 9512
About Thor Energy PLC
The Company is focused on uranium, energy metals and recently Hydrogen and Helium that are crucial in the shift to a clean energy economy.
For further information on Thor Energy and to see an overview of its projects, please visit the Company's website at https://thorenergyplc.com/.