Ormonde Mining PLC Result of AGM (6096N)
01 October 2021 - 12:29AM
UK Regulatory
TIDMORM
RNS Number : 6096N
Ormonde Mining PLC
30 September 2021
30 September 2021
Ormonde Mi n i ng p lc
("Or m onde" or "the C o m pany ")
Result of AGM
Change of Board and
Resignation of Executive Team
Ormonde announces the results of voting on the resolutions
considered by shareholders at the Company's Annual General Meeting
held in Dublin today, which was held by way of a poll. The poll
results from the meeting are provided in Table A below.
As a result of the vote on Resolution 2 - the re-election of Mr.
Tim Livesey, the Senior Independent Director at the time of the AGM
- not being carried, he is no longer a director of the Company. The
Board wishes to thank Mr. Livesey for his valued contribution
during his time with the Company.
As a result of the vote on Resolutions 7 and 8, Mr. Brendan
McMorrow and Mr. Keith O'Donnell have joined the Board with
immediate effect.
Following the results of the meeting and particularly Mr.
Livesey having not been re-elected to the Board, the executive
management team of the Company, being Mr. Jonathan Henry (Executive
Chair), Mr. Paul Carroll (CFO and Company Secretary) and Mr. Fraser
Gardiner (COO) (the "Executives") resigned from their positions.
Mr. Brown, the remaining independent director, has also decided to
resign from the Board of the Company with immediate effect. Mr.
Henry will step down from his Board position and Mr. Carroll will
step down from his position as Company Secretary with immediate
effect. The Board would like to thank these individuals for their
service to the Company.
The Executives have agreed to work through their notice periods
in order to manage the essential Company functions while a new
management team is identified.
Following the AGM, the Board will now consist of Mr. Brian
Timmons, Mr. Brendan McMorrow and Mr. Keith O'Donnell.
The Board intends to continue with the Company's existing
strategy being to acquire, explore and develop mining projects in
which it would have a controlling interest. During the notice
period of the Executives', the Board intends to engage the required
management resource for the continuation of this strategy.
The Board will update shareholders in due course.
Table A
% of ISSUED SHARE
VOTES FOR % VOTES AGAINST % VOTES TOTAL CAPITAL VOTED
RESOLUTION
------------------------------ ----------- ------ ------------- ----- ----------- -----------------
To receive and consider
the accounts for
the year ended 31
1 December 2020. 123,235,082 100.00 2,000 0.00 123,237,082 26.08
------------------------------ ----------- ------ ------------- ----- ----------- -----------------
To re-elect Mr. Timothy
2 Livesey as a director. 22,328,867 18.12 100,906,215 81.88 123,235,082 26.08
------------------------------ ----------- ------ ------------- ----- ----------- -----------------
To authorise the
directors to fix
the remuneration
3 of the auditors. 123,237,082 100.00 0 0.00 123,237,082 26.08
------------------------------ ----------- ------ ------------- ----- ----------- -----------------
To increase the authorised
share capital of
4 the Company. 122,142,677 99.49 631,215 0.51 122,773,892 25.98
------------------------------ ----------- ------ ------------- ----- ----------- -----------------
To authorise the
directors to allot
5 relevant securities. 122,672,894 99.59 511,188 0.41 123,184,082 26.07
------------------------------ ----------- ------ ------------- ----- ----------- -----------------
To empower the directors
6 to allot equity securities. 122,653,867 99.53 580,215 0.47 123,234,082 26.08
------------------------------ ----------- ------ ------------- ----- ----------- -----------------
To elect Mr. Keith
7 O'Donnell as a director. 117,959,427 91.75 10,603,299 8.25 128,562,726 27.21
------------------------------ ----------- ------ ------------- ----- ----------- -----------------
To elect Mr. Brendan
8 McMorrow as a director. 117,981,427 91.75 10,603,299 8.25 128,584,726 27.21
------------------------------ ----------- ------ ------------- ----- ----------- -----------------
Enqu iries t o:
Ormonde Mining plc
Brian Timmons
Tel: +353 (0)1 8014184
Buchanan
Bobby Morse / Ariadna Peretz / James Husband
Tel: +44 (0)20 7466 5000
Email: ormonde@buchanan.uk.com
Davy (Nomad, Euronext Growth Advisor and Joint Broker)
John Frain
Tel: +353 (0)1 679 6363
SP Angel Corporate Finance LLP (Joint Broker)
Ewan Leggat
Tel: +44 (0)20 3 470 0470
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