28 February 2025
Katoro Gold
PLC
('Katoro' or the 'Company')
Results of General Meeting
& Total Voting Rights
Katoro Gold PLC (AIM: KAT),
the strategic energy and precious minerals
exploration and development company, announces that the resolutions put to shareholders at its
General Meeting ("GM") held earlier today, were duly passed. The
proxy votes received ahead of the meeting were as
follows:
RESULTS
|
Resolution
|
For
|
Against
|
Withheld
|
Total votes cast
|
|
|
No.
of votes
|
%
|
No.
of votes
|
%
|
|
|
|
1. Ordinary
Resolution - to approve subdivision of share capital
|
249,514,682
|
94.45%
|
14,664,108
|
5.55%
|
18,854,575
|
264,178,790
|
|
2. Ordinary
Resolution - to authorise the Directors to allot shares
|
249,401,611
|
94.41%
|
14,777,179
|
5.59%
|
18,854,575
|
264,178,790
|
|
3. Special
Resolution - to authorise the Directors to disapply pre-emption
rights
|
249,401,611
|
94.41%
|
14,777,179
|
5.59%
|
18,854,575
|
264,178,790
|
|
4. Special
Resolution - to amend Articles of Association
|
263,901,348
|
99.89%
|
277,442
|
0.11%
|
18,854,575
|
264,178,790
|
Notes:
1. A 'Vote
withheld' is not a vote in law and is not counted in the
calculation of the proportion of the votes 'For' and 'Against' any
resolution.
2. Following
the approval of resolution one, the Company's total ordinary shares
in issue (total voting rights) as at the date of the GM is
1,596,420,573 ordinary shares of £0.0001 each. Ordinary
shareholders are entitled to one vote per ordinary share
held.
ADMISSION TO AIM
The subdivision, as detailed in the
Notice of GM, will become effective on 3 March 2025 as advised and
application has been made for the Admission of the Ordinary Shares
of £0.0001 each resulting from the subdivision (the "New Ordinary
Shares"), with such Admission expected to become effective on or
around 3 March 2025. Following Admission, the share capital of the
Company will comprise 1,596,420,573 New Ordinary Shares of £0.0001
each.
Each New Ordinary Share has one
voting right. No New Ordinary Shares are held in treasury.
Accordingly, the total number of voting rights will be
1,596,420,573 and this figure 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, Katoro under the FCA's Disclosure Guidance and
Transparency Rules. Shareholders holding physical share
certificates should retain their existing share certificates,
which remain valid.
Furthermore, the Company expects to
complete the fundraise as announced on 10 February 2025 shortly and
issue the resultant 635,000,000 New Ordinary Shares ("Placing
Shares") along with the 38,000,000 New Ordinary Shares ("Fee
Shares") to be issued pursuant to the settlement of future fees
ahead of Admission on 6 March 2025.
An application has been made for the
admission of the Placing Shares and Fee Shares to trading on AIM
("Further Admission"). The Further Admission is expected to
occur on or around 6 March 2025.
Following the Further Admission,
there will be a total of 2,269,420,573 ordinary shares in issue
with each ordinary share carrying the right to one vote. 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 change to their interest in, the
Company under the FCA's Disclosure and Transparency
Rules.
**ENDS**
Enquiries:
|
Patrick Cullen
|
info@katorogold.com
|
Katoro Gold PLC
|
Chief Executive Officer
|
|
James Biddle
Roland Cornish
|
+44 (0) 207 628 3396
|
Beaumont Cornish Limited
|
Nominated Adviser
|
|
Nick Emerson
Sam Lomanto
|
+44 (0) 1483 413 500
|
SI Capital Ltd
|
Corporate Broker
|
|
Jason Robertson
|
+44 (0) 207 374 2212
|
First Equity Limited
|
Joint Corporate Broker
|
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's
Nominated Adviser and is authorised and regulated by the FCA.
Beaumont Cornish's responsibilities as the Company's Nominated
Adviser, including a responsibility to advise and guide the Company
on its responsibilities under the AIM Rules for Companies and AIM
Rules for Nominated Advisers, are owed solely to the London Stock
Exchange. Beaumont Cornish is not acting for and will not be
responsible to any other persons for providing protections afforded
to customers of Beaumont Cornish nor for advising them in relation
to the proposed arrangements described in this announcement or any
matter referred to in it.
