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Vast Resources plc shareholders passed all eight proposed resolutions at a General Meeting held on 18 August 2026. These included the approval of a Rule 9 Waiver (99.68% For), the acquisition of Gulf International Minerals Limited (99.76% For), and the consolidation of every 25 existing ordinary shares of £0.001 each into one new ordinary share of £0.025 each (99.63% For). Additionally, shareholders granted directors authority to allot shares up to aggregate nominal amounts of £250,000 and £900,000 (representing approximately 2.19% of Enlarged Ordinary Share Capital) and disapplied pre-emption rights.
| Date | 18 Aug 2026 |
| Time | 12:00:00 |
| Category | AGMs and other meetings |
| ID | 1690R |
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THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF VAST RESOURCES PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY BY SUCH PERSONS. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF VAST RESOURCES PLC.
Defined terms in this announcement shall have the same meaning as defined in the Company's Admission Document published on 31 July 2026, and the announcement of 27 July 2026 (RNS: 9659N), unless otherwise defined herein.
18 August 2026
Vast Resources plc (AIM: VAST), the AIM-quoted mining company, is pleased to announce that at the General Meeting of the Company held at 10.00 a.m. today, 18 August 2026, all Resolutions were duly passed on a poll.
Result of General Meeting
The proxy voting results for the Resolutions are set out below, together with a brief description of the relevant Resolution:
|
Resolution |
Description |
For |
% |
Against |
% |
Withheld |
|
Ordinary Resolutions |
||||||
|
1 |
Approval of the Rule 9 Waiver granted by the Takeover Panel in respect of the Concert Party's obligation to make a general offer under Rule 9 arising from the issue of shares pursuant to the Acquisition. |
1,567,579,649 |
99.68 |
5,091,720 |
0.32 |
109,410,260 |
|
2 |
Approval of the proposed acquisition by the Company of the entire issued share capital of Gulf International Minerals Limited which comprises a reverse takeover on the terms and subject to the conditions of the share purchase agreement dated 22 December 2025. |
1,568,958,458 |
99.76 |
3,773,961 |
0.24 |
109,349,210 |
|
3 |
Consolidation of every 25 existing ordinary shares of £0.001 each into 1 new ordinary share of £0.025 each. |
1,567,020,418 |
99.63 |
5,835,544 |
0.37 |
109,225,667 |
|
4 |
Authority for Directors to allot shares up to an aggregate nominal amount of £250,000 in connection with the Company's Share Appreciation Rights Scheme. |
1,536,128,488 |
97.71 |
36,003,164 |
2.29 |
109,949,977 |
|
5 |
Authority for Directors to allot shares in connection with the Consideration Shares, Placing Shares, Subscription Shares, Retail Offer Shares, Adviser Fee Shares and Adviser Warrants up to the aggregate nominal amounts specified. |
1,549,965,562 |
98.56 |
22,656,740 |
1.44 |
109,459,327 |
|
6 |
Authority for Directors to allot shares in the Company or grant rights to subscribe for or to convert any security into shares in the Company up to a maximum aggregate nominal amount of up to £900,000 (representing approximately 2.19% of the Enlarged Ordinary Share Capital), including the grant of warrants in connection with the proposed US$10 million funding facility. |
1,541,512,165 |
98.68 |
20,607,730 |
1.32 |
119,961,734 |
|
Special Resolutions |
||||||
|
7 |
Disapplication of pre-emption rights in respect of the allotments authorised by Resolution 5. |
1,558,498,762 |
99.11 |
13,974,586 |
0.89 |
109,608,281 |
|
8 |
Disapplication of pre-emption rights in respect of the allotments authorised by Resolution 6, including a general authority of up to £900,000 nominal value. |
1,551,851,908 |
98.69 |
20,621,124 |
1.31 |
109,608,597 |
A further announcement in connection with completion of the Reverse Takeover, the Placing and Subscription, and Admission of the Company's ordinary shares to trading on AIM will be made before the commencement of trading tomorrow, 19 August 2026.
**ENDS**
For further information, please visit the Company's website at www.vastplc.com or contact:
|
Vast Resources plc |
+44 (0) 20 7846 0974 |
|
Strand Hanson Limited – Nominated & Financial Adviser |
+44 (0) 207 409 3494 |
|
Shore Capital Stockbrokers Limited – Joint Broker |
+44 (0) 20 7408 4050 |
|
Axis Capital Markets Limited – Joint Broker |
+44 (0) 20 3206 0320 |
|
St Brides Partners Limited |
http://www.stbridespartners.co.uk/ |
Vast Resources plc is an AIM-quoted mining and resource development company with a portfolio of producing and development-stage precious and polymetallic projects in Tajikistan and Romania.
In Tajikistan, the Company holds a 49% beneficial interest in producing gold and silver assets through Gulf International Minerals Limited's interest in the Aprelevka Joint Venture. The Aprelevka JV operates four active mining licences along the Tien Shan Gold Belt, delivering production of approximately 11,000 ounces of gold and approximately 130,000 ounces of silver per annum. The JV is structured with Gulf holding 49% equity with board and managerial control, and the Government of Tajikistan holding 51%.
In Romania, the Company holds 100% ownership of the Baita Plai Polymetallic Mine in Bihor County and the Manaila-Carlibaba Polymetallic Mine, both currently on care and maintenance prior to operational restart. The Romanian portfolio also includes the Blueberry Gold Project, the Former Hanes Mine Project, and the Zagra Licences.