Regency Mines PLC Notice of GM (7855S)
March 13 2019 - 9:29AM
UK Regulatory
TIDMRGM
RNS Number : 7855S
Regency Mines PLC
13 March 2019
Regency Mines PLC
("Regency" or the "Company")
General Meeting
13 March 2019
Regency Mines Plc (LON: RGM) the natural resource exploration
and development company with interests in hydrocarbons, energy
storage and battery metals announces that a General Meeting will be
held at the Company's premises at 71-91 Aldwych House, London WC2B
4HN on 1 April 2019 at 12 noon.
The purpose of this meeting is to grant additional authorities
of the Company, enabling it to dis-apply pre-emption rights as
required. This authorisation builds on Resolution 4 passed by
ordinary resolution at the Company's Annual General Meeting on 25
February 2019. The additional flexibility will enable the Company
to meet its current and future funding obligations across its
projects and investments. The details of the proposed
authorizations are listed here.
Ordinary resolution
That in addition to all existing and unexercised authorities,
the Directors of the Company be and they are hereby generally and
unconditionally authorised for the purpose of section 551 of the
Companies Act 2006 ("the Act") to exercise all or any of the powers
of the Company to allot equity securities (within the meaning of
Section 560 of the Act) up to a maximum nominal amount of
GBP200,000 provided that this authority shall, unless previously
revoked or varied by the Company in general meeting, expire on the
earlier of the conclusion of the next Annual General Meeting of the
Company or 15 months after the passing of this Resolution, unless
renewed or extended prior to such time except that the Directors of
the Company may before the expiry of such period make an offer or
agreement which would or might require relevant securities to be
allotted after the expiry of such period and the Directors of the
Company may allot relevant securities in pursuance of such offer or
agreement as if the authority conferred hereby had not expired.
Special resolution
That in addition to all existing and unexercised authorities and
subject to the passing of resolution 1, the Directors of the
Company be and they are hereby empowered pursuant to section 570 of
the Act to allot equity securities (as defined in section 560 of
the Act) pursuant to the authority conferred upon them by
resolution 2 as if section 561(1) of the Act did not apply to any
such allotment provided that the power conferred by the Resolution,
unless previously revoked or varied by special resolution of the
Company in general meeting, shall be limited:
(a) to the allotment of equity securities in connection with a
rights issue in favour of ordinary shareholders where the equity
securities respectively attributable to the interest of all such
shareholders are proportionate (as nearly as may be) to the
respective numbers of the ordinary shares held by them subject only
to such exclusions or other arrangements as the Directors of the
Company may consider appropriate to deal with fractional
entitlements or legal and practical difficulties under the laws of,
or the requirements of any recognised regulatory body in, any
territory;
(b) the grant of a right to subscribe for, or to convert any
equity securities into ordinary shares otherwise than under
sub-paragraph (a) above, up to a maximum aggregate nominal amount
of GBP50,000;
(c) to the allotment (otherwise than pursuant to sub-paragraphs
(a) and (b) above) of equity securities up to an aggregate nominal
amount of GBP150,000 in respect of any other issues for cash
consideration;
and shall expire on the earlier the conclusion of the next
Annual General Meeting of the Company or 15 months from the date of
the passing of this Resolution save that the Company may before
such expiry make an offer or agreement which would or might require
equity securities to be allotted after such expiry and the
directors may allot equity securities in pursuance of such offer or
agreement as if the power conferred hereby had not expired.
It should be noted that the Board has no intention to use the
full authorization requested at the coming General Meeting, and
seeks simply to restore the freedom of operation that is essential
to take the business forward given current pricing levels. The
Board retains its focus on value creation and delivery for all
current and future stakeholders and will utlize any approved
authorizations accordingly.
The Notice of Meeting and letter sent to shareholders is
available on Company's website www.regency-mines.com.
For further information, please contact:
Scott Kaintz 0207 747 9960 Director Regency Mines Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 0207 374 2212 Broker First Equity Limited
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NOGEALDDFAPNEFF
(END) Dow Jones Newswires
March 13, 2019 10:29 ET (14:29 GMT)
Corcel (LSE:CRCL)
Historical Stock Chart
From Apr 2024 to May 2024
Corcel (LSE:CRCL)
Historical Stock Chart
From May 2023 to May 2024