REG - Aterian PLC - Result of AGM

AterianAnnouncement

10/06/2024 13:30

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RNS Number : 8332R  Aterian PLC  10 June 2024

10 June 2024

 

Aterian plc

("Aterian" or the "Company")

 

2024 Annual General Meeting Results

 

Aterian Plc (LSE: ATN), the critical metal-focused exploration and development
company, is pleased to announce that at the Company's Annual General Meeting,
held earlier today, all resolutions were duly passed.

 

The results of the poll were as follows:

 

 Resolution  For          Against     Withheld
 1           547,309,827  10,000      Nil
 2           547,259,827  60,000      Nil
 3           547,309,827  10,000      Nil
 4           533,482,924  13,836,903  Nil
 5           547,259,827  60,000      Nil
 6           547,259,827  60,000      Nil
 7           547,309,827  10,000      Nil
 8           547,259,827  60,000      Nil

In accordance with UK Listing Rule 9.6.2R copies of all the resolutions passed
other than resolutions concerning ordinary business have been submitted to the
Financial Conduct Authority via the National Storage Mechanism and will
shortly be available for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

A copy of the poll results for the Annual General Meeting will also be
available on the Aterian plc website:  www.aterianplc.com
(http://www.aterianplc.com) .

At the meeting, inter alia, a resolution was passed which approved the
sub-division and conversion of each existing ordinary share of £0.01
("Existing Ordinary Shares") into one ordinary share of £0.001 (a "Revised
Ordinary Share") and one deferred share of £0.009 (a "Deferred Share") (each
such Deferred Share having no voting or dividend rights and effectively being
worthless) to enable the Company to reduce the nominal value of its shares.

 

A further resolution then approved the consolidation of the Company's Revised
Ordinary Shares on a 100 to 1 basis, such that every 100 Revised Ordinary
Shares of £0.001 each were consolidated into 1 ordinary share of £0.10 in
nominal value ("New Ordinary Share").

 

As a result, the Company's current issued share capital of 1,089,171,000
Existing Ordinary Shares of £0.01 was consolidated into 10,891,710 New
Ordinary Shares of £0.10, each with one voting right and 1,089,171,000
Deferred Shares. Admission in respect of such New Ordinary Shares will become
effective and that dealings in those New Ordinary Shares will commence on 11
June 2024. As a result of the reorganisation, the ISIN of the New Ordinary
Shares will change from GB00BKS7ZV87 to GB00BPJMN573.

 

The above figure of 10,891,710 should be used by shareholders in the Company
as the denominator for the calculations by which they will determine if they
are required to notify their interest in, or a change to their interest in,
the share capital of the Company under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.

 

 

- ENDS -

 

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).

For further information, please visit the Company's website:
www.aterianplc.com (http://www.aterianplc.com) or contact:

 

Aterian Plc:

Charles Bray, Executive Chairman - charles.bray@aterianplc.com
(mailto:charles.bray@aterianplc.com)

Simon Rollason, Director - simon.rollason@aterianplc.com
(mailto:simon.rollason@aterianplc.com)

 

Financial Adviser and Joint Broker:

Novum Securities Limited

David Coffman / George Duxberry

Colin Rowbury

Tel: +44 (0)207 399 9400

 

Joint Broker:

SP Angel Corporate Finance LLP

Ewan Leggat / Adam Cowl

Tel: +44 20 3470 0470

 

Financial PR:

Bold Voodoo - ben@baldvoodoo.com (mailto:ben@baldvoodoo.com)

Ben Kilbey

Tel: +44 (0)7811 209 344

Notes to Editors:

About Aterian plc

www.aterianplc.com (http://www.aterianplc.com)

 

Aterian plc is an LSE-listed exploration and development company with a
diversified African portfolio of critical metals projects.

Aterian plc is actively seeking to acquire and develop new critical metal
resources to strengthen its existing asset base whilst supporting ethical and
sustainable supply chains as the world transitions to a sustainable, renewable
future. The supply of these metals is vital for developing the renewable
energy, automotive and electronic manufacturing sectors that are playing an
increasing role in reducing carbon emissions and meeting climate ambitions
globally.

 

The Company has entered into a joint venture agreement with Rio Tinto Mining
and Exploration Limited for Rio Tinto to earn into the HCK project in
southern Rwanda. It holds two further partnerships in Rwanda, exploring and
developing lithium-tantalum-niobium-tin mining operations. Aterian currently
holds a portfolio of multiple copper-silver and base metal projects in the
Kingdom of Morocco, with a total area of 897 km(2). In January 2024, the
Company announced the acquisition of a 90% interest in Atlantis Metals. This
private Botswana registered company holds seven mineral prospecting licences
for copper-silver in the Kalahari Copperbelt and three for lithium brine
exploration in the Makgadikgadi Pans region. The total licence area in
Botswana is 4,486 km(2).

 

The Company's strategy is to seek new exploration and production opportunities
across the African continent and to develop new sources of critical mineral
assets for exploration, development, and trading.

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