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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ormonde Mining Plc | AQSE:ORM | Aquis Stock Exchange | Ordinary Share | IE00BF0MZF04 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.025 | -11.11% | 0.20 | 0.20 | 0.25 | 0.225 | 0.20 | 0.225 | 185,225 | 10:09:08 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMORM
RNS Number : 0357B
Ormonde Mining PLC
28 September 2022
28 September 2022
Ormonde Mi n i ng p lc
("Or m onde" or the "C o m pany ")
Result of AGM and EGM
&
Update on Sale of La Zarza Assets
Ormonde announces that at its Annual General Meeting ("AGM") and Extraordinary General Meeting ("EGM") held earlier today, all resolution were duly passed. Accordingly, Ormonde is pleased to confirm the sale of its interests in the La Zarza Copper-Gold Project in Spain as announced on 29 July 2022 (the "Sale") is now unconditional.
A further announcement will be made upon completion of the Sale, which is anticipated to occur imminently.
Following completion of the Sale, Ormonde will become an AIM Rule 15 cash shell and, as such, will be required to make an acquisition or acquisitions constituting a reverse takeover under AIM Rule 14 and Euronext Growth Market rules on or before the date falling six and twelve months respectively from completion of the Sale. If no such acquisition or acquisitions are made, the Company's shares would be suspended from trading pursuant to AIM Rule 40 and the Euronext Growth Market rules.
The results of voting at the AGM and EGM are provided in the appendix below.
Brendan McMorrow, Chief Executive Officer, commented:
"I would like to thank Ormonde's shareholders for their support in completing this transaction. To release value from La Zarza at a premium to book value is an excellent outcome for the Company and its shareholders.
Ormonde has the financial resources to pursue transformative acquisition opportunities and to generate considerable shareholder value in the coming months and years. We are working assiduously to identify an optimal project for the Company."
For further information, please contact :
Ormonde Mining plc
Brian Timmons, Non-Executive Chairman
Tel: +353 (0)1 801 4184
Vigo Consulting (Investor Relations)
Ben Simons / Charlie Neish
Tel: 44 (0)20 7390 0230
Davy (Nomad, Euronext Growth Listing Sponsor and Joint Broker)
Barry Murphy
Tel: +353 (0)1 679 6363
Company website: www.ormondemining.com
Appendix - Results of Voting
EGM
VOTES FOR % VOTES % VOTES % of VOTES AGAINST TOTAL** ISC* WITHELD RESOLUTION --------------------- ----------- ----- -------- ---- ----------- ----- -------- To approve disposal 1 of La Zarza assets 120,851,943 99.77 276,500 0.23 121,128,443 25.64 9,138 --------------------- ----------- ----- -------- ---- ----------- ----- --------
AGM
VOTES FOR % VOTES % VOTES % of VOTES AGAINST TOTAL** ISC* WITHELD RESOLUTION ------------------------ ----------- ----- -------- ---- ----------- ----- -------- To receive and consider the accounts for the year ended 1 31 December 2021 119,069,172 99.72 329,549 0.28 119,398,721 25.27 Nil --- ------------------------ ----------- ----- -------- ---- ----------- ----- -------- To re-elect Mr. Brian Timmons 2 as a director 118,792,672 99.49 606,049 0.51 119,398,721 25.27 Nil ------------------------ ----------- ----- -------- ---- ----------- ----- -------- To authorise the directors to fix the remuneration 3 of the auditors 119,398,668 100 53 0.00 119,398,721 25.27 Nil ------------------------ ----------- ----- -------- ---- ----------- ----- -------- To authorise the directors to allot 4 relevant securities 119,029,753 99.69 368,968 0.31 119,398,721 25.27 Nil ------------------------ ----------- ----- -------- ---- ----------- ----- -------- To empower the directors to allot 5 equity securities 119,359,302 99.97 39,419 0.03 119,398,721 25.27 Nil ------------------------ ----------- ----- -------- ---- ----------- ----- -------- ISC - Issued Share Capital * ** Excludes votes withheld
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(END) Dow Jones Newswires
September 28, 2022 08:15 ET (12:15 GMT)
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