Anglesey Mining Plc - Results of General Meeting
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of
("Anglesey" or the "Company")
Results of General Meeting
The Resolutions were not passed by the requisite majorities and therefore the Company will not proceed with the proposed Capital Reorganisation. As noted in the Circular, the Equity Financing Facility with
As noted in the Circular, should the Company be unable to complete the Capital Reorganisation and therefore avail of the Equity Financing Facility, it would be left with a limited pool of alternative options and there would be material uncertainty over the going concern status of the Company. Following the results of today's General Meeting, the Board will seek to preserve the Company's cash resources as far as practicable, and will urgently explore alternative sources of funding. However, there can be no guarantee that the Company will be able to find alternative sources of funding on a timely basis. If alternative funding is not available, the Directors believe that it is likely that the Company could be forced to enter into administration.
Further announcements will be made as and when appropriate.
The voting in respect of the Resolutions was as follows:
_____________________________________________________________________________ | | |% of |Votes |% of shares|Total votes|Votes | |Resolution |Votes for |shares|against |voted |cast |withheld | | | |voted | | | | | |______________|__________|______|__________|___________|___________|_________| |1. | | | | | | | |Consolidation | | | | | | | |and |55,464,765|36.0% |98,397,538|64.0% |153,862,303|7,235,705| |sub-division | | | | | | | |of shares | | | | | | | |______________|__________|______|__________|___________|___________|_________| |2. Authority | | | | | | | |to allot |55,494,509|36.1% |98,245,674|63.9% |153,740,183|7,357,825| |shares | | | | | | | |______________|__________|______|__________|___________|___________|_________| |3. Amendment | | | | | | | |to Articles of|55,456,892|36.1% |98,321,945|63.9% |153,778,837|7,319,171| |Association | | | | | | | |______________|__________|______|__________|___________|___________|_________| |4. | | | | | | | |Disapplication| | | | | | | |of statutory |55,327,830|36.0% |98,534,473|64.0% |153,862,303|7,235,705| |pre-emption | | | | | | | |rights | | | | | | | |______________|__________|______|__________|___________|___________|_________|
Note: "Votes withheld" are not votes in law, and are not included in the votes "for" or "against" a resolution.
Capitalised terms used in this announcement, unless otherwise defined, have the same meanings as set out in the Circular.
For further information, please contact:
Davy
Nominated Adviser & Joint Corporate Broker
Joint Corporate Broker
LEI: 213800X8BO8EK2B4HQ71
