TIDMADT1
RNS Number : 2706Z
Adriatic Metals PLC
20 May 2021
Adriatic Metals PLC
RESULT OF ANNUAL GENERAL MEETING
Adriatic Metals PLC (ASX:ADT, LON:ADT1) ("Adriatic" or the
"Company") held its Annual General Meeting ("AGM") today at Regent
House, 65 Rodney Road, Cheltenham GL50 1HX at 07.00am BST on 20 May
2021.
Each of the resolutions contained in the Notice of Meeting was
put to the AGM and voted on by way of a poll. All were duly
approved.
The total number of votes received on each resolution put to the
AGM was as follows:
Resolution Votes FOR (a) % Votes AGAINST % Votes WITHHELD (b)
ORDINARY RESOLUTIONS
-------------------------------------------- -------------- ------- -------------- ----- -------------------
Receive Annual Report and Accounts for the
1 six months ended 31 December 2020 78,768,002 100.00 - 0.00 103,814
-------------------------------------------- -------------- ------- -------------- ----- -------------------
2 Approve the Annual Report on Remuneration 76,917,929 97.66 1,844,073 2.34 109,814
-------------------------------------------- -------------- ------- -------------- ----- -------------------
3 Re-elect Michael Rawlinson as a Director 69,995,250 99.91 63,807 0.09 8,812,759
-------------------------------------------- -------------- ------- -------------- ----- -------------------
4 Re-elect Peter Bilbe as a Director 78,314,428 99.42 453,574 0.58 103,814
-------------------------------------------- -------------- ------- -------------- ----- -------------------
5 Re-appoint BDO LLP as Auditor 78,768,002 100.00 - 0.00 103,814
-------------------------------------------- -------------- ------- -------------- ----- -------------------
6 Authorise the Audit & Risk Committee to 78,758,602 99.99 9,400 0.01 103,814
determine remuneration of the Auditor
-------------------------------------------- -------------- ------- -------------- ----- -------------------
7 Approve the amendment of terms and 70,198,135 93.19 5,131,556 6.81 147,125
conditions of Performance Rights issued to
Paul Cronin
-------------------------------------------- -------------- ------- -------------- ----- -------------------
Authorise Directors to allot
shares under s551 Companies Act
8 2006 78,745,324 99.98 14,367 0.02 112,125
-------------------------------------------- -------------- ------- -------------- ----- -------------------
SPECIAL RESOLUTIONS
-------------------------------------------- -------------- ------- -------------- ----- -------------------
9 Authority to disapply pre-emption rights on 73,640,002 93.50 5,118,689 6.50 113,125
allotment of shares
-------------------------------------------- -------------- ------- -------------- ----- -------------------
10 Authority to purchase own shares 78,765,002 100.00 3,000 0.00 103,814
-------------------------------------------- -------------- ------- -------------- ----- -------------------
11 Notice period for General Meetings other 78,700,632 99.92 66,370 0.08 104,814
than Annual General Meetings
-------------------------------------------- -------------- ------- -------------- ----- -------------------
NOTES:
(a) The "For" proxy vote includes those giving the Chairman
discretion.
(b) A vote "Withheld" is not a vote in law and is not counted in
the calculation of the proxy votes "For" or "Against" the
resolution.
***
The total number of ordinary shares in issue on 18 May 2021, the
deadline for casting votes by proxy in advance of the AGM, was
210,247,469 shares. 37.51% of voting capital, including votes
withheld, was instructed in respect of the resolutions put to the
AGM.
The full text of the resolutions can be found in the Notice of
Annual General Meeting, which is available on the Company's website
at https://www.adriaticmetals.com/investors/agm/
In accordance with the UK Listing Authority's Listing Rule
9.6.2, copies of all the resolutions passed by the Company's
shareholders, other than ordinary business will be submitted to the
National Storage Mechanism and will shortly be available for
inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Authorised by, and for further information please contact:
Paul Cronin
Managing Director & CEO
info@adriaticmetals.com
** ENDS **
Market Abuse Regulation Disclosure
The information contained within this announcement is deemed by
Adriatic (LEI: 549300OHAH2GL1DP0L61) to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014. The person responsible for arranging and authorising
the release of this announcement on behalf of Adriatic is Paul
Cronin, Managing Director and CEO.
For further information please visit www.adriaticmetals.com or
@adriaticmetals visit on Twitter; or contact:
Adriatic Metals PLC
Paul Cronin / Thomas Horton Tel: +44 (0) 7866
913207
Canaccord Genuity Limited (Joint Corporate Broker)
Jeremy Dunlop (Australia) Tel: +61 2 9263 2700
James Asensio (UK) Tel: +44 (0) 207
523 8000
RBC Capital Markets (Joint Corporate Broker)
Marcus Jackson / Jamil Miah Tel: +44 (0) 20 7653
4000
Stifel Nicolaus Europe Limited (Joint Corporate
Broker)
Ashton Clanfield / Callum Stewart Tel: +44 (0) 20 7710
7600
Tavistock Communications Limited
Charles Vivian Tel: +44 (0) 7977
297 903
The Capital Network
Julia Maguire / Lelde Smits Tel: +61 2 8999 3699
ABOUT ADRIATIC METALS
Adriatic Metals PLC (ASX:ADT, LSE:ADT1) is a precious and base
metals developer that is advancing the world-class Vares Silver
Project in Bosnia & Herzegovina, as well as the Raska
Zinc-Silver Project in Serbia.
The Vares Project Pre-Feasibility Study boasts robust economics
of US$1,040 million post-tax NPV(8) , 113% post-tax IRR and a capex
of US$173 million. Adriatic is the only publicly listed mining
company exploring in Bosnia and is leveraging its first-mover
advantage. The Company is well-funded and concurrent with the
advancing Definitive Feasibility Study, continues to explore across
its large, highly prospective 41km(2) concession package.
Adriatic Metals completed the acquisition TSX-listed Tethyan
Resource Corp. in Q4 2020, which contained the Raska Zinc-Silver
Project in southern Serbia. The Company is exploring across its
99km(2) highly prospective concession area, which includes around
the formerly operating Kizevak and Sastavci polymetallic mines.
There have been no material changes to the assumptions
underpinning the forecast financial information derived from the
production target in the 15 October 2020 announcement and these
assumptions continue to apply and have not materially changed.
Adriatic Metals is not aware of any new information or data that
materially affects the information included in the announcement of
the updated Mineral Resource Estimate announced on 1 September 2020
and all material assumptions and technical parameters underpinning
the Mineral Resource Estimate continue to apply and have not
materially changed.
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END
RAGPPUMUAUPGUQU
(END) Dow Jones Newswires
May 20, 2021 02:15 ET (06:15 GMT)
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