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#POW Power Metal Resources PLC – Result of AGM

Power Metal Resources PLC (LON: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 8 resolutions put to members were passed on a poll. Resolutions 1 to 6 were passed as ordinary resolutions and resolutions 7-8 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 2022

164,656,922

99.72

459,109

0.28%

78,146

Resolution 2 (Ordinary)

To re-appoint the auditors

164,978,142

99.88

199,627

0.12%

16,408

Resolution 3 (Ordinary)

To authorise the directors to determine the auditor’s fees

165,046,481

99.93

111,288

0.07%

36,408

Resolution 4 (Ordinary)

To appoint Owain Morton

164,759,664

99.88

202,780

0.12%

231,733

Resolution 5 (Ordinary)

To re-appoint Edmund Shaw

163,980,579

99.74

427,694

0.26%

785,904

Resolution 6 (Ordinary)

To authorise the directors to allot equity

164,464,061

99.60

659,537

0.40%

70,579

Resolution 7 (Special) To disapply pre-emption rights

163,282,428

99.00

1,649,941

1.00%

261,808

Resolution 8 (Special) To authorise the buyback of Company shares

164,321,240

99.54

759,627

0.46%

113,310

As at 30 March 2023, there were 1,739,033,678 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/Charlie Bouverat

+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

 


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