Metminco Limited Notice of Extraordinary General Meeting (8670C)
25 January 2018 - 6:00PM
UK Regulatory
TIDMMNC
RNS Number : 8670C
Metminco Limited
25 January 2018
AIM ANNOUNCEMENT
25 January 2018
NOTICE OF EXTRAORDINARY GENERAL MEETING
Metminco Limited (the Company) (ASX: MNC; AIM: MNC) announces
that notice has been given calling an Extraordinary General Meeting
of the Company for shareholders to consider and vote on a
resolution regarding the issue of shares to an existing
shareholder, Redfield Asset Management Pty Limited (Redfield),
following the conversion of convertible notes and exercise of
options which were previously granted to Redfield at the Company's
Annual General Meeting on 23 May 2017.
The Extraordinary General Meeting will be held on Friday, 2
March 2018 at the offices of Grant Thornton Australia, Level 13,
383 Kent Street, Sydney, NSW 2000 at 10.00am (Sydney time).
The Notice of Meeting, Explanatory Memorandum, Independent
Expert's Report prepared by Grant Thornton Corporate Finance Pty
Ltd (Grant Thornton), Independent Specialist Report (prepared by
SRK Consulting (Australasia) Pty Ltd) and Proxy Form have been
mailed to the Company's shareholders and have been sent in
accordance with Rule 20 of the AIM Rules for Companies.
At the Extraordinary General Meeting, shareholders will be asked
to vote upon the following resolution:
"That, for the purpose of section 611 (item 7) of the
Corporations Act 2001 (Cth) and for all other purposes,
shareholders approve the issue of shares to Redfield pursuant to
the proposed conversion of the convertible notes and exercise of
options, on the terms and conditions set out in the Explanatory
Memorandum accompanying the Notice of Meeting."
In its Independent Expert Report, Grant Thornton concluded that
the issue of shares in the Company, following conversion of the
notes and exercise of the options, is not fair but reasonable to
non-associated shareholders of the Company.
All directors recommend that shareholders vote in favour of the
resolution. The Chairman of the meeting intends to vote undirected
proxies in favour of the resolution.
A copy of the Notice of Meeting, Explanatory Memorandum,
Independent Expert Report, Independent Specialist Report and sample
Proxy Form are available on the Company's website:
www.metminco.com.au.
Graeme Hogan
Company Secretary
For further information,
please contact:
METMINCO LIMITED
Graeme Hogan Office: +61 (0) 2
9460 1856
NOMINATED ADVISOR AND BROKER
RFC Ambrian
Australia
Andrew Thomson / Alena Broesder Office: +61 (0) 2
9250 0000
United Kingdom
Charlie Cryer Office: +44 (0) 20
3440 6800
JOINT BROKER
SP Angel Corporate Finance
LLP (UK)
Ewan Leggat Office: +44 (0) 20
3470 0470
PUBLIC RELATIONS
Camarco
United Kingdom
Gordon Poole / Nick Hennis Office: + 44 (0) 20
3757 4997
Media + Capital Partners
Australia
Luke Forrestal Office: +61 (0) 411
479 144
This information is provided by RNS
The company news service from the London Stock Exchange
END
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