TIDMCMET

RNS Number : 2413N

Capital Metals PLC

28 January 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

28 January 2021

Capital Metals plc

("CMET" or the "Company")

Result of AGM

Capital Metals plc (AIM: CMET) announces that at the Annual General Meeting ("AGM") held earlier today all the resolutions were duly approved by shareholders:

 
 Resolution (*indicates special           Votes for    % of      Votes against   % of 
  resolution)                                           shares                    shares 
                                                        voted                     voted 
 Resolution 1: To receive 
  and adopt the report of the 
  directors and the financial 
  statements for the period 
  ended 30 September 2020 and 
  the report of the auditors 
  thereon.                                39,322,548   100%      0               0% 
                                         -----------  --------  --------------  -------- 
 Resolution 2: To re-elect, 
  as a director of the Company, 
  Mr Geoffrey Brown, who retires 
  in accordance with Article 
  25.2 of the Company's Articles 
  of Association and offers 
  himself for re-election.                39,322,548   100%      0               0% 
                                         -----------  --------  --------------  -------- 
 Resolution 3. To re-elect, 
  as a director of the Company, 
  Mr Kwan Wey Teh, who retires 
  in accordance with Article 
  20.2 of the Company's Articles 
  of Association and offers 
  himself for re-election.                39,322,548   100%      0               0% 
                                         -----------  --------  --------------  -------- 
 Resolution 4: To re-appoint 
  BDO LLP as auditors to hold 
  office from the conclusion 
  of the Annual General Meeting 
  until the conclusion of the 
  next general meeting of the 
  Company at which the accounts 
  are laid before members.                39,322,548   100%      0               0% 
                                         -----------  --------  --------------  -------- 
 Resolution 5: THAT the directors 
  be and they are hereby generally 
  and unconditionally authorised 
  pursuant to Section 551 of 
  the Companies Act 2006 ("the 
  Act"), in substitution for 
  all previous powers granted 
  to them, to exercise all 
  the powers of the Company 
  to allot and make offers 
  to allot shares in the Company 
  and to grant rights ("Rights") 
  to subscribe for or to convert 
  any security into shares 
  in the Company up to an aggregate 
  nominal amount of GBP10,000 
  such authority shall, unless 
  previously revoked or varied 
  by the Company in general 
  meeting, expire on the conclusion 
  of the Annual General Meeting 
  of the Company to be held 
  in 2022 provided that the 
  Company may, at any time 
  before such expiry, make 
  an offer or enter 
  into an agreement which would 
  or might require shares to 
  be allotted or Rights to 
  be granted after such expiry 
  and the directors may allot 
  shares and grant Rights pursuant 
  to any such offer or agreement 
  as if the authority conferred 
  hereby had not expired.                 39,322,548   100%      0               0% 
                                         -----------  --------  --------------  -------- 
 Resolution 6*: THAT the directors 
  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) for cash pursuant 
  to the authority conferred 
  by Resolution 5 above as 
  if Section 561(1) of the 
  Act did not apply to any 
  such allotment, provided 
  that this power shall 
  be limited to:- (a) the allotment 
  of equity securities in connection 
  with an issue in favour of 
  shareholders where the equity 
  securities respectively attributable 
  to the interests of all such 
  shareholders are proportionate 
  (or as nearly as may be practicable) 
  to the respective number 
  of Ordinary Shares in the 
  capital of the 
  Company held by them on the 
  record date for such allotment, 
  but subject to such exclusions 
  or other arrangements as 
  the directors may deem necessary 
  or expedient in relation 
  to fractional entitlements 
  or legal or practical problems 
  under the laws of, or the 
  requirements of, any recognised 
  regulatory body or any stock 
  exchange, in any territory; 
  and (b) the allotment (otherwise 
  than pursuant to sub-paragraph 
  (a) above) of further equity 
  securities: (i) arising from 
  the exercise of options and 
  warrants or the conversion 
  of any other convertible 
  securities outstanding at 
  the date of this resolution; 
  and 
  (ii) other than pursuant 
  to (i) above, up to an aggregate 
  nominal amount of GBP10,000;            39,322,548   100%      0               0% 
                                         -----------  --------  --------------  -------- 
 

For further information, please visit www.capitalmetals.com or contact:

 
 Capital Metals plc                               Tel +44 (0) 20 7317 6800 
  Michael Frayne (Chief Executive) 
 SPARK Advisory Partners (Nominated 
  Adviser) 
  Neil Baldwin                                    +44 (0) 20 3368 3554 
 Brandon Hill Capital Limited 
  (Broker) 
  Jonathan Evans/Oliver Stansfield                +44 (0) 20 3463 5000 
 

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