Vast Resources plc Result Of General Meeting, Capital Reorganisation Total Voting Rights
May 05 2021 - 7:00AM
UK Regulatory
TIDMVAST
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
5 May 2021
Vast Resources plc
("Vast" or the "Company")
Result of General Meeting
Capital Reorganisation
Total Voting Rights
Vast Resources plc, the AIM-listed mining company, announces that at the
Company's General Meeting held earlier today, the proposed resolution to
effect the capital reorganisation (the 'Resolution') was duly passed on
a poll vote with 93.50% of the votes cast being in favour.
Application has been made for the 213,004,895 new ordinary shares ('New
Ordinary Shares') to be admitted to trading on AIM ('Admission'). It is
expected that Admission will become effective and dealing will commence
in respect of the New Ordinary Shares on 6 May 2021. The ISIN Code for
the New Ordinary Shares will be GB00BMD68046.
Total Voting Rights
As result of the passing of the Resolution, and as announced on 20 April
2021, the number of ordinary shares in issue has been reduced by a
factor of 100 and as from Admission will stand at 213,004,895 ordinary
shares of 0.1p each. This figure may then be used by shareholders as the
denominator for the calculations by which they will determine if they
are required to notify their interest in Vast under the FCA's Disclosure
and Transparency Rules
Market Abuse Regulation (MAR) Disclosure
Certain 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 as it forms part of UK Domestic Law
by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR") until
the release of this announcement.
**ENDS**
For further information, visit www.vastplc.com or please contact:
Vast Resources plc www.vastplc.com
Andrew Prelea (CEO) +44 (0) 20 7846 0974
Andrew Hall (CCO)
Beaumont Cornish - Financial & Nominated Adviser www.beaumontcornish.com
Roland Cornish +44 (0) 020 7628 3396
James Biddle
Axis Capital Markets Limited -- Broker www.axcap247.com
Richard Hutchison +44 (0) 20 3206 0320
St Brides Partners Limited www.stbridespartners.co.uk
Susie Geliher +44 (0) 20 7236 1177
ABOUT VAST RESOURCES PLC
Vast Resources plc is a United Kingdom AIM listed mining company with
mines and projects in Romania and Zimbabwe.
In Romania, the Company is focused on the rapid advancement of
high-quality projects by recommencing production at previously producing
mines.
The Company's Romanian portfolio includes 100% interest in the producing
Baita Plai Polymetallic Mine, located in the Apuseni Mountains,
Transylvania, an area which hosts Romania's largest polymetallic mines.
The mine has a JORC compliant Reserve & Resource Report which underpins
the initial mine production life of approximately 3-4 years with an
in-situ total mineral resource of 15,695 tonnes copper equivalent with a
further 1.8M-3M tonnes exploration target. The Company is now working on
confirming an enlarged exploration target of up to 5.8M tonnes.
The Company also owns the Manaila Polymetallic Mine in Romania, which
was commissioned in 2015, currently on care and maintenance. The Company
has been granted the Manaila Carlibaba Extended Exploitation License
that will allow the Company to re-examine the exploitation of the
mineral resources within the larger Manaila Carlibaba licence area.
In Zimbabwe, the Company is focused on the commencement of the joint
venture mining agreement on the Community Diamond Concession, Chiadzwa,
in the Marange Diamond Fields.
(END) Dow Jones Newswires
May 05, 2021 08:00 ET (12:00 GMT)
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