5
March 2024
Beowulf
Mining plc
("Beowulf" or the "Company")
Result of
General
Meeting
Beowulf (AIM: BEM; Spotlight: BEO),
the mineral exploration and development company, is pleased to
announce that the resolutions tabled at its General Meeting held
earlier today were passed on a poll. The first and second
resolution were passed as ordinary resolutions and the second and
third resolutions were passed as special resolutions.
The number of votes lodged by proxy
for and against each of the resolutions proposed, and the number of
votes withheld were as follows:
Resolution
|
Votes for
|
%
|
Votes against
|
%
|
Votes withheld
|
Resolution 1 (Ordinary)
To approve the proposed
sub-division
|
27,079,855
|
87.93
|
3,718,099
|
12.07
|
1,656,248
|
Resolution 2 (Ordinary)
To authorise the Directors to allot
shares in the Company
|
27,064,355
|
87.88
|
3,733,599
|
12.12
|
1,656,248
|
Resolution 3 (Special)
To disapply statutory pre-emption
rights
|
26,927,618
|
87.43
|
3,870,336
|
12.57
|
1,656,248
|
Resolution 4 (Special)
To amend the Articles of
Association
|
27,064,355
|
87.88
|
3,733,599
|
12.12
|
1,656,248
|
As at 5 March 2024, there were
1,157,187,463 ordinary shares in issue. Shareholders are entitled
to one vote per share. Votes withheld are not votes in law and so
have not been included in the calculation of the proportion of
votes for and against a resolution.
Share Capital
Reorganisation
Following the passing of the
resolutions at the General Meeting, each of the
Company's 1,157,187,463 Existing Ordinary
Shares will be sub-divided into one New Ordinary Share of 0.1p (the
"New Ordinary Shares") and one deferred
share of 0.9p ("New Deferred Shares"). The New Deferred Shares will have
little economic value as they will not carry any rights to vote or
dividend rights, although the New Deferred Shares will rank pari
passu with the New Ordinary Shares on a return of capital or on a
winding up of the Company.
Admission to AIM and Total Voting
Rights
Dealings on AIM in the Existing
Ordinary Shares is expected to cease at the close of business on 5
March 2024. Application has been made for the admission of
1,157,187,463 New Ordinary Shares to trading on AIM ("Admission")
and it is expected that Admission will take place and that trading
in the New Ordinary Shares will commence at 8.00 a.m. on or around
6 March 2024. No application will be made for admission of the New
Deferred Shares to trading on AIM nor will any such application be
made to any other exchange.
Following Admission, there will be a
total of 1,157,187,463 New Ordinary Shares, with voting rights, in
issue. The Company does not hold any shares in treasury.
Consequently, 1,157,187,463 is the figure which may be used by
shareholders as the denominator for the calculation by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Unless otherwise indicated, all
defined terms in this announcement shall have the same meaning as
described in the Company's announcement dated 16 February 2024 and
the Circular which was posted to shareholders on the same
day.
The full text of each resolution is
available in the Notice of General Meeting, published on the
Company's website (https://beowulfmining.com/gm-2024/).
Enquiries:
Beowulf Mining plc
Ed Bowie, Chief Executive
Officer
ed.bowie@beowulfmining.com
SP
Angel
(Nominated Adviser & Joint
Broker)
Ewan Leggat / Stuart Gledhill / Adam
Cowl Tel: +44 (0)
20 3470 0470
Alternative Resource Capital
(Joint Broker)
Alex
Wood
Tel: +44 (0) 20 7186 9004
BlytheRay
Tim Blythe / Megan Ray
Tel: +44 (0) 20 7138 3204