26 March 2024
Power Metal Resources
PLC
("Power Metal" or the
"Company")
Results of Annual General
Meeting
Power Metal Resources PLC (AIM:POW) the
London-listed exploration company seeking large-scale metal
discoveries across its global project portfolio announces the
results of its Annual General Meeting held today.
All 9 resolutions put to members were passed on
a poll. Resolutions 1 to 7 were passed as ordinary resolutions and
resolutions 8-9 were passed as special resolutions.
The results of the poll (including proxy votes)
are outlined in the table below.
The number of votes cast for and against each
of the resolutions proposed and the number of votes withheld
(including proxy votes) were as follows:
|
Resolution
|
Votes for
|
% Votes Cast
|
Votes against
|
% Votes Cast
|
Votes withheld
|
|
Resolution 1
(Ordinary)
To receive the report and accounts for the year
ended 30 September 2023
|
321,512,695
|
99.85
|
471,094
|
0.15
|
304,006
|
|
Resolution 2
(Ordinary)
To re-appoint the auditors
|
321,567,722
|
99.85
|
471,223
|
0.15
|
248,850
|
|
Resolution 3
(Ordinary)
To authorise the directors to determine the
auditor's fees
|
321,473,656
|
99.84
|
526,404
|
0.16
|
287,735
|
|
Resolution 4
(Ordinary)
To appoint Douglas William Brodie as a director
of the company
|
321,160,650
|
99.76
|
760,158
|
0.24
|
366,987
|
|
Resolution 5
(Ordinary)
To appoint Sean Wade as a director of the
company
|
321,440,650
|
99.85
|
480,158
|
0.15
|
366,987
|
|
Resolution 6
(Ordinary)
To re-appoint Scott Richardson-Brown as a
director of the compnay
|
321,212,471
|
99.78
|
708,337
|
0.22
|
366,987
|
|
Resolution 7
(Ordinary)
To authorise the directors to allot relevant
securities
|
321,000,722
|
99.70
|
963,017
|
0.30
|
324,056
|
|
Resolution 8
(Special) To disapply pre-emption
rights
|
273,275,051
|
84.87
|
48,717,573
|
15.13
|
295,171
|
|
Resolution 9
(Special)
To resolve that the company be and is
unconditionally authorised to make market purchases
|
320,768,196
|
99.61
|
1,270,749
|
0.39
|
248,850
|
As at 26 March 2024, there were 2,213,468,340
ordinary shares in issue. Shareholders are entitled to one vote per
share. Votes withheld are not votes in law and so have not been
included in the calculation of the proportion of votes for and
against a resolution.
The full text of each resolution is available
in the Notice of Annual General Meeting, published on the Company's
website.
For further information please
visit https://www.powermetalresources.com/ or
contact:
|
Power Metal Resources plc
|
|
|
Sean Wade (Chief Executive
Officer)
|
+44 (0) 20 3778 1396
|
|
|
|
|
SP Angel Corporate Finance (Nomad
and Joint Broker)
|
|
|
Ewan Leggat/Caroline Rowe/Harry
Davies-Ball
|
+44 (0) 20 3470 0470
|
|
|
|
|
SI Capital Limited (Joint
Broker)
|
|
|
Nick Emerson
|
+44 (0) 1483 413 500
|
|
|
|
|
First Equity Limited (Joint
Broker)
|
|
|
David Cockbill/Jason
Robertson
|
+44 (0) 20 7330 1883
|
|
BlytheRay (PR Advisors)
|
|
|
Tim Blythe/Megan Ray
|
+44 (0) 20 7138 3204
|
NOTES TO EDITORS
Power Metal Resources plc - Background
Power Metal Resources plc (AIM:POW)
is an AIM listed metals exploration company which finances and
manages global resource projects.
The Company has a principal focus on
opportunities offering district scale potential across a global
portfolio including precious, base and strategic metal exploration
in North America, Africa and Australia.
Project interests range from
early-stage greenfield exploration to later-stage prospects
currently subject to drill programmes.
Power Metal will develop projects
internally or through strategic joint ventures until a project
becomes ready for disposal through outright sale or separate
listing on a recognised stock exchange, thereby crystallising the
value generated from our internal exploration and development
work.
Value generated through disposals
will be deployed internally to grow the Company, or may be returned
to shareholders through share buy backs, dividends or in-specie
distributions of assets.