Pathfinder Minerals Plc Result of General Meeting (8323T)
March 29 2021 - 6:29AM
UK Regulatory
TIDMPFP
RNS Number : 8323T
Pathfinder Minerals Plc
29 March 2021
29 March 2021
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Result of General Meeting and Total Voting Rights
Pathfinder announces that at a General Meeting held earlier
today all resolutions were passed with the requisite majorities by
way of a poll.
On 19 February 2021, the Company announced that it has entered
into an agreement to conditionally raise GBP300,000 before expenses
by way of a placing of 60,000,000 new Ordinary shares of 0.01 pence
each ("Ordinary Shares") at a price of 0.50 pence per share
("Placing Shares") (the "Placing").
The Placing was divided into two tranches: The first tranche
comprised the placing of 38,500,000 Placing Shares, which were
issued pursuant to the Company's previous authorities to allot
shares. The second tranche, comprising of 21,500,000 Placing
Shares, was conditional upon the passing of the two resolutions
today.
As the resolutions have now been passed, the second tranche of
Placing Shares will be issued upon receipt of the second tranche of
placing proceeds, subject only to admission to trading on AIM. As
also announced on 19 February 2021, commission of 4% on GBP286,792
of the placing proceeds (excluding VAT) is payable to Align
Research Ltd ("Align") and will be settled through the allotment
and issuance of 2,294,336 Ordinary Shares at a price of 0.5 pence
per share (the "Commission Shares"). The Commission Shares will be
issued on the same date as the second tranche of Placing
Shares.
Following the issue of the Commission Shares, insofar as the
Company is aware, Align (together with its connected persons) will
be interested in 60,724,175 Ordinary Shares in the Company.
Total Voting Rights
Application has been made for admission of the 21,500,000
Placing Shares and 2,294,336 Commission Shares ("Admission"), which
is due to take place tomorrow. Following Admission, the Company's
issued share capital will consist of 461,328,668 Ordinary shares
with one voting right each. The Company does not hold any Ordinary
Shares in treasury. Therefore, the total number of Ordinary Shares
and voting rights in the Company will be 461,328,668. With effect
from Admission, this figure 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 to their interest in, the share capital of the Company under
the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
Pathfinder Minerals Plc
Peter Taylor, Chief Executive Officer
Tel. +44 (0)20 3143 6748
Strand Hanson Limited (Nominated & Financial Adviser)
James Spinney / Ritchie Balmer / Rob Patrick
Tel. +44 (0)20 7409 3494
Vigo Communications (Public Relations)
Ben Simons / Simon Woods
Tel. +44 (0)20 7390 0234
Email. pathfinderminerals@vigocomms.com
Novum Securities Limited (Corporate Broker)
Colin Rowbury / Jon Belliss
Tel. +44 (0)20 7399 9400
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
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END
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