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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Metminco | LSE:MNC | London | Ordinary Share | AU000000MNC7 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.325 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMMNC
RNS Number : 3030S
Metminco Limited
20 December 2016
Hot Features
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ASX ANNOUNCEMENT 20 December 2016
---------------------------------------- ----------------------------------------
EXTRAORDINARY MEETING OF SHAREHOLDERS
RESULTS
Pursuant to Listing Rule 3.13.2 and Section 251AA
of the Corporations Law, Metminco Limited (Metminco
or the Company) advises that the resolutions put
to shareholders at the Extraordinary Meeting Shareholders
of the Company held on 20 December 2016 were carried.
Summarised below is the number of votes cast on the
poll in respect of each resolution:
Resolution 1:
"That, for the purposes of Listing Rule 7.4 and for
all other purposes, Shareholders approve and ratify
the allotment and issue of 422,222,222 new Shares
to Sophisticated Investors and Professional Investors
at a subscription price of A$0.00237 (GBP0.00135)
per Share on the terms and conditions set out in
the Explanatory Memorandum accompanying the Notice
of Meeting."
Valid Proxies Received:
* 1,022,489,766 votes for the Resolution
* 7,552,945 votes have appointed the Chairman as Proxy
* 12,642,550 votes against the Resolution
* 3,902,561 votes abstaining
More than 50% of votes were cast in favour of this
resolution.
Resolution 2:
"That, for the purposes of Listing Rule 7.4 and for
all other purposes, Shareholders approve and ratify
the allotment and issue of 212,628,089 new Shares
to Sophisticated Investors and Professional Investors
at a subscription price of A$0.00237 (GBP0.00140)
per Share on the terms and conditions set out in
the Explanatory Memorandum accompanying the Notice
of Meeting."
Valid Proxies Received:
* 1,012,324,750 votes for the Resolution
* 7,505,426 votes have appointed the Chairman as Proxy
* 22,855,665 votes against the Resolution
* 3,901,981 votes abstaining.
More than 50% of votes were cast in favour of this
resolution.
Resolution 3:
"That for the purposes of Listing Rule 7.1 and for
all other purposes, Shareholders approve the allotment
and issue of up to 548,523,207 new Shares to Redfield
Asset Management Pty Limited (Redfield) at a subscription
price of A$0.00237 per Share on the terms and conditions
set out in the Explanatory Memorandum accompanying
the Notice of Meeting."
Valid Proxies Received:
* 1,012,000,429 votes for the Resolution
* 7,464,596 votes have appointed the Chairman as Proxy
* 23,199,486 votes against the Resolution
* 3,923,311 votes abstaining
More than 50% of votes were cast in favour of this
resolution.
==================================================================================
Resolution 4:
"That for the purposes of Listing Rule 7.1 and for all other purposes, Shareholders approve the allotment and issue of up to 1,265,822,785 new Shares to Lanstead Capital L.P. (Lanstead) at a subscription price of A$0.00237 per Share by way of private placement on the terms and conditions and in the manner set out in the Explanatory Memorandum accompanying the Notice of Meeting."
Valid proxies received:
-- 1,011,862,464 votes for the Resolution -- 7,151,977 votes have appointed the Chairman as Proxy -- 23,670,598 votes against the Resolution -- 3,902,783 votes abstaining
More than 50% of votes were cast in favour of this resolution.
Resolution 5:
"That, for the purposes of Listing Rule 10.11 and for all other purposes, Shareholders approve and authorise the allotment and issue of up to 31,645,570 new Shares at a subscription price of A$0.00237 per new Share to William Howe on the terms and conditions set out in the Explanatory Memorandum accompanying the Notice of Meeting."
Valid proxies received:
-- 852,389,849 votes for the Resolution -- 7,802,674 votes have appointed the Chairman as Proxy -- 45,738,141 votes against the Resolution -- 4,015,625 votes abstaining
More than 50% of votes were cast in favour of this resolution.
Resolution 6:
"That, pursuant to and in accordance with Section 254H of the Corporations Act and for all other purposes, the issued capital of the Company be consolidated on the basis that:
(a) every 50 Shares be consolidated into 1 Share; and (b) every 50 Options be consolidated into 1 Option,
and, where this consolidation results in a fraction of a Share or an Option being held, the Company be authorised to round that fraction up to the nearest whole Share or Option (as the case may be)."
Valid proxies received:
-- 1,014,809,790 votes for the Resolution -- 7,545,824 votes have appointed the Chairman as Proxy -- 20,272,145 votes against the Resolution -- 3,960,063 votes abstaining
More than 50% of votes were cast in favour of this resolution.
Philip W Killen
Company Secretary
Metminco Limited ABN Level 4, 6 Help Street,
43 119 759 349 Chatswood, NSW, 2067
ASX Code: MNC.AX; AIM Tel: +61 (0) 2 9460 1856;
Code: MNC.L Fax: +61 (0) 2 9460 1857
www.metminco.com.au
For further information,
please contact:
METMINCO LIMITED
Stephen Tainton / Phil Killen Office: +61 (0) 2
9460 1856
NOMINATED ADVISOR AND BROKER
RFC Ambrian
Australia
Will Souter / Nathan Forsyth Office: +61 (0) 2
9250 0000
United Kingdom
Charlie Cryer Office: +44 (0) 20
3440 6800
JOINT BROKER
SP Angel Corporate Finance
LLP (UK)
Ewan Leggat Office: +44 (0) 20
3470 0470
PUBLIC RELATIONS
Camarco
United Kingdom
Gordon Poole / Tom Huddart Office: + 44 (0) 20
3757 4997
------------------------------ --------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROMGSBDDXGDBGLG
(END) Dow Jones Newswires
December 20, 2016 02:00 ET (07:00 GMT)
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