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 |