REG - Beowulf Mining PLC - Result of Annual General Meeting

Beowulf MiningAnnouncement

14/06/2024 10:45

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RNS Number : 5223S  Beowulf Mining PLC  14 June 2024

 

14 June 2024

 

Beowulf Mining Plc

("Beowulf" or the "Company")

Result of Annual General Meeting

The Annual General Meeting of Beowulf Mining Plc (AIM:BEM; Spotlight:BEO) was
held at 4 More London Riverside, London, SE1 2AU, United Kingdom on 14 June
2024 at 9:00 a.m.

All 12 resolutions put to members were passed on a poll. Resolutions 1 to 9
were passed as ordinary resolutions and resolutions 10, 11 and 12 were passed
as special resolutions.

The number of votes cast for and against each of the resolutions proposed, and
the number of votes withheld were as follows:

  Resolution                                                                     Votes for   %      Votes against  %      Votes withheld
 Resolution 1 (Ordinary)                                                         59,809,760  94.82  3,265,977      5.18   4,234,020

 To receive and consider the Company's audited accounts for the year ended 31
 December 2023 and the directors' and auditors' reports thereon
 Resolution 2 (Ordinary)                                                         59,586,922  94.60  3,402,947      5.40   4,319,888

 To receive the Directors' remuneration report for the financial year ended 31
 December 2023
 Resolution 3 (Ordinary)                                                         62,690,230  94.67  3,529,024      5.33   1,090,503

 To elect Edward Bowie as a director of the Company
 Resolution 4 (Ordinary)                                                         62,508,803  94.66  3,529,024      5.34   1,271,930

 To elect Johan Mikael Schauman as a director of the Company
 Resolution 5 (Ordinary)                                                         62,508,803  94.66  3,529,024      5.34   1,271,930

 To re-elect Christopher Davies as a director of the Company
 Resolution 6 (Ordinary)                                                         59,334,681  94.43  3,503,146      5.57   4,471,930

 To re-appoint BDO LLP as auditor of the Company
 Resolution 7 (Ordinary)                                                         59,307,807  94.38  3,530,020      5.62   4,471,930

 To authorise the Directors to determine the fees payable to the auditor
 Resolution 8 (Ordinary)                                                         59,450,760  94.33  3,570,203      5.67   4,288,794

 To authorise the Directors to allot shares in the Company
 Resolution 9 (Ordinary)                                                         59,398,943  89.62  6,876,794      10.38  1,034,020

 To approve the proposed share consolidation
 Resolution 10 (Special)                                                         59,276,088  94.38  3,530,311      5.62   4,503,358

 To disapply pre-emption rights generally
 Resolution 11 (Special)                                                         59,219,605  94.29  3,586,794      5.71   4,503,358

 Further disapplication of pre-emption rights as set out in the Notice of
 Meeting
 Resolution 12 (Special)                                                         62,697,371  94.68  3,521,883      5.32   1,090,503

 To approve the adoption of the New Articles

 

As at 14 June 2024, there were 1,942,239,479 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.

Share Consolidation

The passing of Resolution 9 (above) authorises the Directors to consolidate
the shares of the Company.

Following the approval of Resolution 9, the Consolidation Resolution, every 50
ordinary shares of £0.001 each (the "Existing Shares") that are in issue as
at 6.00 p.m. (BST) on 14 June 2024 will be consolidated into one new
ordinary share of £0.05 (5 pence) (the "New Ordinary Shares").  To effect
the consolidation, it is necessary to issue 21 new Existing Shares to SP Angel
Corporate Finance LLP (the Company's joint broker) so that, immediately prior
to the consolidation, the Company's issued share capital will be exactly
divisible by 50.

 

Other than the change in nominal value, the New Ordinary Shares arising on
implementation of the Share Consolidation will have the same rights as the
Existing Ordinary Shares, including voting and other rights.

 

The New Ordinary Shares will be admitted to trading on AIM from 8.00
a.m. (BST) on 17 June 2024 ("Admission") with ISIN GB00BQ1LGQ19 and SEDOL
code BQ1LGQ1.

 

Total Voting Rights

 

Following Admission, the Company's issued share capital will
comprise 38,844,790 New Ordinary Shares with voting rights. This figure
of 38,844,790 New Ordinary Shares may 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 in their interest in,
the share capital of the Company.

 

 

Enquiries:

Beowulf Mining plc

Ed Bowie, Chief Executive
Office
ed.bowie@beowulfmining.com (mailto:ed.bowie@beowulfmining.com)

 

SP Angel

(Nominated Adviser & Joint Broker)

Ewan Leggat / Stuart Gledhill / Adam Cowl           Tel: +44 (0)
20 3470 0470

 

Alternative Resource Capital

(Joint Broker)

Alex
Wood
Tel: +44 (0) 20 7186 9004

 

BlytheRay

Tim Blythe / Megan
Ray
Tel: +44 (0) 20 7138 3204

 

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