Rainbow Rare Earths Limited Results of EGM (1364G)
19 July 2019 - 7:46PM
UK Regulatory
TIDMRBW
RNS Number : 1364G
Rainbow Rare Earths Limited
19 July 2019
FOR IMMEDIATE RELEASE
19 July 2019
Rainbow Rare Earths Ltd ('Rainbow' or 'the Company') (LSE:
RBW)
Result of Extraordinary General Meeting ("EGM")
Result of EGM and Admission of New Shares
Rainbow announces that at the EGM of the Company held at the
Company's registered office, Trafalgar Court, 2(nd) Floor East
Wing, Admiral Park, St Peter Port, Guernsey GY1 3EL on 19 July 2019
at 10.00am, all resolutions proposed were duly passed and the Share
Placing and various other matters announced on 3 July 2019 have now
been approved.
Application has been made for a total of 163,975,884 new
Ordinary Shares to be admitted to the Standard List of the Main
Market of the London Stock Exchange and dealings are anticipated to
commence on 22 July 2019.
Total Voting Rights
Following the EGM, the Company will have 380,314,884 Ordinary
Shares in issue.
The above figure of 380,314,884 Ordinary Shares 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
a change to their interest in, the Company under the FCA's
Disclosure and Transparency Rules.
Directors' Holdings
As well as the conversion of the convertible loan facility of
US$700,000 from its largest shareholder, Pella Ventures Limited, in
which the Company's Chairman Adonis Pouroulis has a beneficial
interest, the rest of the Board also accepted new Ordinary Shares
in lieu of outstanding fees and deferred cash bonuses or subscribed
for Placing Shares.
The revised totals for the Directors' interests in the issued
share capital of the Company are therefore:
Name Number of % of Issued
Shares Share Capital
Adonis Pouroulis 66,325,549 17.44
Shawn McCormick 8,858,239 2.33
Robert Sinclair 4,568,425 1.20
Atul Bali 1,874,660 0.49
Alex Lowrie 5,296,792 1.39
Martin Eales 3,523,195 0.93
For further information, please contact:
Rainbow Rare Earths Ltd Martin Eales Tel: +44 (0) 20 3910
4550
Arden Partners plc Paul Shackleton Tel: +44 (0) 20 7614
Benjamin Cryer 5900
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Turner Pope Investments James Pope Tel: +44 (0) 20 3657
Limited 0050
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St Brides Partners Ltd Priit Piip Tel: +44 (0) 20 7236
Isabel de Salis 1177
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END
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