Stratex International PLC Results of AGM and Capital Re-organisation (5214L)
20 April 2018 - 1:08AM
UK Regulatory
TIDMSTI
RNS Number : 5214L
Stratex International PLC
19 April 2018
Stratex International Plc
('Stratex' or 'the Company')
Results of Annual General Meeting and
Capital Re-organisation
Stratex, the AIM-quoted gold exploration and development company
focused on Turkey and Africa, held its AGM at 3 pm today and all
resolutions were duly passed, including the Capital Re-organisation
Resolutions (as defined in the announcement on 16 March 2018).
A copy of the presentation delivered to shareholders following
the formal business of the AGM is now available on the Company's
website
https://www.stratexinternational.com/investors/reports-presentations/.
As a result of the Capital Re-organisation Resolutions, each of
the Company's 467,311,276 Existing Ordinary Share of 1p each have
been converted into one New Ordinary Share of 0.1p each and one
Deferred Share of 0.9p each.
All Shareholders on the register as at 6.00 p.m. on 18 April
2018 (the "Record Date") will receive one New Ordinary Share and
one Deferred Share for every one Existing Ordinary Share.
An application has been made for the 467,311,276 New Ordinary
Shares to be admitted to trading on AIM and this is expected to
commence at 8:00 a.m. on 20 April 2018 ("Admission").
Following Admission, the Company will have 467,311,276 New
Ordinary Shares in issue, all with voting rights. The Company holds
no New Ordinary Shares in treasury. The figure of 467,311,276 New
Ordinary Shares 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 in their interest in, the
Company under the FCA's Disclosure and Transparency Rules.
The ISIN and SEDOL number of the New Ordinary Shares will be the
same as the Existing Ordinary Shares and any share certificates for
the Existing Ordinary Shares will remain valid for the New Ordinary
Shares.
** ENDS **
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Following the
publication of this announcement, this inside information is now
considered to be in the public domain.
For further information please visit
www.stratexinternational.com, @StratexPLC on Twitter,
or contact:
Stratex International Tel: +44 (0)20
Plc 830 9650
Tim Livesey / Claire
Bay
Camarco (IR/PR Tel: +44 (0)20
Contact) 3757 4980
Gordon Poole /
Nick Hennis / Monique
Perks
Grant Thornton Tel: +44 (0)20
UK LLP 7383 5100
Samantha Harrison
Hannam & Partners Tel: +44 (0)20
7907 8500
Neil Passmore /
Andrew Chubb
Notes to Editors:
Since listing in 2006, Stratex has discovered more than 2.2
million ounces of gold and 7.09 million ounces of silver, as well
as 186,000 tonnes of copper. The Company owns an exciting
exploration project in Senegal on which it has signed an option
earn-in agreement with IAMGOLD and 14.87% of a copper-gold project
at feasibility stage in Turkey, which will likely default to a 1.2%
(post-Turkish tax) royalty position during H1-2018. The Company
also has significant interests in Thani Stratex Resources Ltd,
Tembo Gold Corp. and Aforo Resources Limited for their exploration
projects in Djibouti and Egypt, Tanzania and Burkina Faso,
respectively. The Company is currently pursuing value-accretive
opportunities within its existing portfolio as well as identifying
new value-appropriate projects in Africa and Europe.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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