TIDMORM

RNS Number : 9547C

Ormonde Mining PLC

13 February 2020

13 February 2020

Ormonde Mining plc

("Ormonde" or "the Company")

Result of EGM

Ormonde announces that the ordinary resolution to approve the disposal of the Company's 30% interest in the Barruecopardo Tungsten Mine, as proposed to shareholders at the Company's Extraordinary General Meeting held in Dublin today, was duly passed.

The resolution was decided on a show of hands. The number of proxy votes assigned to the Chairman of the meeting for and against the resolution were as follows:

 
                Votes for (including     Votes against         Total Votes cast 
                 discretion) 
                No. of         % of      No. of      % of      No. of       % of 
                 shares         shares    shares      shares    shares       issued 
                                voted                 voted                  share 
                                                                             capital* 
               -------------  --------  ----------  --------  -----------  ---------- 
 Resolution 
  to approve 
  Proposed 
  Disposal      25,519,060     87.15     3,762,000   12.85     29,281,060   6.21 
               -------------  --------  ----------  --------  -----------  ----------

* The issued share capital of the Company is 472,507,482 ordinary shares of nominal value EUR0.01 each.

Closing obligations of the parties, including the payment by Oaktree to Ormonde of the EUR6 million disposal proceeds, are due to be completed in the coming days. In accordance with the Sale and Purchase Agreement, completion must occur within a maximum of 5 business days of Ormonde having received shareholder approval for the disposal. A further update will be provided once completion has occurred.

Enquiries to:

Ormonde Mining plc

Paul Carroll, Chief Financial Officer

Fraser Gardiner, Chief Operating Officer

Tel: +353 (0)1 8014184

Davy (Nomad, Euronext Growth Advisor and Joint Broker)

John Frain / Barry Murphy

Tel: +353 (0)1 6796363

SP Angel Corporate Finance LLP (Joint Broker)

Ewan Leggat

Tel: +44 (0)20 3 470 0470

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ROMTJMJTMTIBBPM

(END) Dow Jones Newswires

February 13, 2020 08:53 ET (13:53 GMT)

Grafico Azioni Ormonde Mining (AQSE:ORM)
Storico
Da Mar 2024 a Apr 2024 Clicca qui per i Grafici di Ormonde Mining
Grafico Azioni Ormonde Mining (AQSE:ORM)
Storico
Da Apr 2023 a Apr 2024 Clicca qui per i Grafici di Ormonde Mining