Cradle Arc PLC Results of General Meeting (7478A)
September 13 2018 - 11:32AM
UK Regulatory
TIDMCRA
RNS Number : 7478A
Cradle Arc PLC
13 September 2018
Cradle Arc plc / EPIC: CRA.L / Market: AIM / Sector: Mining
13 September 2018
Cradle Arc plc
("Cradle Arc" or the "Company")
Results of General Meeting
Cradle Arc (AIM: CRA), the African focused base and precious
metals exploration and production company, announces the results of
its General Meeting held earlier today.
Resolution numbered 1 put to the General Meeting was passed by
the requisite majority. Resolutions numbered 2 and 3 put to the
General Meeting were not passed by the requisite majority.
Each of the resolutions put to the General Meeting was voted on
by way of a poll. The results of the poll are set out below:
Resolution Number / Type For Against Withheld Total Votes
Description validly for
Voted* %
--------------------------- ---------- ----------- ----------- ----------- ----------- ------
1) To receive and adopt
the Company's annual
report and accounts Ordinary 66,776,575 6,073,074 16,987,700 72,849,649 91.7
2) To authorise the
Directors to allot
equity securities Ordinary 4,536,575 85,280,763 20,011 89,817,338 5.1
3) To disapply statutory
pre-emption rights Special 4,536,586 85,300,763 - 89,837,349 5.0
* - Please note that a vote withheld is not a vote in law and is
therefore not counted in the calculation of votes for or against a
resolution.
The Board notes that Penmin Botswana (Pty) Limited (which is
interested in approximately 41.8 per cent. of the Company's issued
share capital and which is connected with Kevin van Wouw, CEO of
the Company), refrained from voting on any of the resolutions
proposed at the General Meeting, following indications, via
proxies, from certain significant shareholders, that they are not
supportive of certain of the resolutions. The Company will seek to
consult with such significant shareholders over the coming weeks
regarding this aspect of the business of the meeting.
**ENDS**
For further information on the Company, please visit
www.cradlearc.com or contact:
Cradle Arc plc Tel: +44 (0)20 7637 5216
Kevin van Wouw
Mark Jones
Strand Hanson Limited
James Spinney Tel: +44 (0)20 7409 3494
Matthew Chandler
James Dance
SP Angel Corporate Finance Tel: +44 (0)20 3470 0470
LLP
Ewan Leggat
John Meyer
Tavistock Communications Limited Tel: +44 (0)20 7920 3150
Charles Vivian
Gareth Tredway
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
About Cradle Arc
AIM-quoted Cradle Arc plc is the 60 per cent. owner of the
Mowana copper mine in Botswana, an operational open pit mine and
processing facility located in the north-east of the country,
approximately 120km northwest of Francistown.
The Company recently released a maiden open pit ore reserve
estimate (Proved and Probable) of 31.8Mt at 1.17% Cu for 370,800
tonnes contained copper metal, based on a Dense Media Separation
(DMS) mine plan.
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END
ROMUOONRWAAKAAR
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