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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Equatorial Palm Oil Plc | LSE:PAL | London | Ordinary Share | GB00BMF75608 | ORD 0.2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 20.00 | 19.50 | 21.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCMET
RNS Number : 3957B
Capital Metals PLC
30 September 2022
30 September 2022
Capital Metals plc
("Capital Metals" or the "Company")
Result of Annual General Meeting
Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the Eastern Minerals project in Sri Lanka (the "Project"), announces that at the Annual General Meeting ("AGM") held earlier today all the resolutions put to the meeting were duly approved by shareholders.
Ordinary Resolutions FOR AGAINST WITHHELD To re-elect Mr Teh Kwan Wey as a director 1. of the Company. 57,786,839 25,908 0 -------------------------------------------- ----------- -------- --------- 2. To appoint PKF Littlejohn LLP as auditors. 57,786,840 25,907 0 -------------------------------------------- ----------- -------- --------- 3. To grant the directors with authority 57,786,839 25,908 0 to allot shares pursuant to Section 551 of the Companies Act 2006. -------------------------------------------- ----------- -------- --------- Special Resolution ------------------------------------------------- ----------- -------- --------- 4. To dis-apply pre-emption rights pursuant 57,786,089 25,908 0 to Section 570 of the Companies Act 2006. -------------------------------------------- ----------- -------- ---------
For further information, please visit www.capitalmetals.com or contact:
Capital Metals plc Via Vigo Consulting Michael Frayne (CEO) James Mahony (CFO) Vigo Consulting (Investor Relations) +44 (0)20 7390 0234 Ben Simons / Peter Jacob capitalmetals@vigoconsulting.com SPARK Advisory Partners (Nominated Adviser) Neil Baldwin / James Keeshan +44 (0)20 3368 3554 WH Ireland Limited (Joint Broker) Harry Ansell / Katy Mitchell +44 (0)20 7220 1666 Tavira Financial (Joint Broker) Jonathan Evans / Oliver Stansfield +44 (0)20 7100 5100
About Capital Metals
Capital Metals is developing the Eastern Minerals Project in Sri Lanka, approximately 220km east of Colombo. The Project is one of the highest-grade mineral sands projects globally, with a current JORC Resource of 17.2Mt with an average grade of 17.6% Total Heavy Minerals, and potential for significant resource extension. In May 2022, a third-party Preliminary Economic Assessment ("PEA") provided an NPV for the Project of US$155-235M based on existing resources, with further identified optimisation potential. The PEA outlined an attractive low funding requirement of US$37.3M, with expansions funded through cashflows from the Project, which is forecast to deliver US$645M of revenue and net operating cashflows of US$391M.
CMET's goal is to become a high margin producer of mineral sands for the international market, with a commitment to applying best-in-class mining practices and bringing significant positive benefits to Sri Lanka and the local community. We expect over 300 direct new jobs to be created and over US$100m in direct government royalties and taxes to be paid.
For more information, visit our website www.capitalmetals.com and follow us on social media:
LinkedIn: https://www.linkedin.com/company/capitalmetals/
Twitter: https://twitter.com/MetalsCapital
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END
RAGURSURUNUKOAR
(END) Dow Jones Newswires
September 30, 2022 08:47 ET (12:47 GMT)
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