Kefi Gold and Copper PLC Result of AGM (5534E)

TIDMKEFI

RNS Number : 5534E

Kefi Gold and Copper PLC

30 June 2023

30 June 2023

KEFI Gold and Copper plc

("KEFI" or the "Company")

Result of AGM

KEFI Gold and Copper plc (AIM: KEFI), the gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, announces that at today's Annual General Meeting ("AGM") of the Company all resolutions were duly passed.

The votes were cast as follows:

 
                                                    Votes For     % For    Votes Against   % Against   *Votes Withheld 
 1. To receive and adopt the audited financial 
  statements of the Company, the Strategic 
  Report, 
  the Directors' Report and the Auditor's 
  Report for the financial year ended 31 
  December 2022                                   1,170,594,638   99.93%      538,364        0.05%         232,597 
                                                 --------------  -------  --------------  ----------  ---------------- 
 2. To reappoint Rich Robinson as a director of 
  the Company                                     1,161,570,888   99.16%     8,051,289       0.69%        1,743,422 
                                                 --------------  -------  --------------  ----------  ---------------- 
 3. To reappoint John Leach as a director of 
  the Company                                     1,122,324,217   95.81%    47,297,960       4.04%        1,743,422 
                                                 --------------  -------  --------------  ----------  ---------------- 
 4. To re-appoint BDO LLP as auditors of the 
  Company                                         1,164,384,395   99.40%     6,555,722       0.56%         425,482 
                                                 --------------  -------  --------------  ----------  ---------------- 
 5. To authorise the Directors to determine the 
  remuneration of the Company's auditors          1,166,935,622   99.62%     3,997,437       0.34%         432,540 
                                                 --------------  -------  --------------  ----------  ---------------- 
 6. To authorise the Directors pursuant to 
  Section 551 of the Companies Act 2006 (the 
  "Act") 
  to allot shares and grant rights to subscribe 
  for shares                                      1,115,763,761   95.25%    55,244,966       4.72%         356,872 
 
 SPECIAL RESOLUTIONS 
-----------------------------------------------  --------------  -------  --------------  ----------  ---------------- 
 7. To authorise the Directors under Section 
  570 of the Act to allot equity securities 
  (within 
  the meaning of Section 560 of the Act) as if 
  Section 561 of the Act did not apply to such 
  allotment                                       1,115,059,484   95.19%    55,949,243       4.78%         356,872 
                                                 --------------  -------  --------------  ----------  ---------------- 
 

* Votes withheld are not a vote in law and were not included in the calculations for the "for" and "against" percentages

Following the passing of Resolution 7, an application has been made for the 98,325,128 Conditional Subscription Shares, 34,820,080 Retail Shares and 107,142,857 Remuneration Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 8.00 a.m. on 3 July 2023.

Total Voting Rights

Following Admission, the total issued share capital of the Company will consist of 4,965,121,400 Ordinary Shares each with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company will be 4,965,121,400 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Defined terms in this announcement shall have the same meaning as in the announcement dated 30 May 2023 at 17.32 entitled "Placing and Notice of AGM" and 9 June 2023 at 13.16 entitled "Proposed Issue of Remuneration Shares" unless otherwise specified.

Enquiries

 
 KEFI Gold and Copper plc 
 Harry Anagnostaras-Adams (Executive Chairman)          [phone] 
 John Leach (Finance Director)                          [phone] 
 
   SP Angel Corporate Finance LLP (Nominated Adviser      [phone] 
   and Joint Broker)                                      0470 
 Jeff Keating, Adam Cowl 
 
                                                          [phone] 
   Tavira Financial Limited (Joint Broker)                5100 
 Oliver Stansfield, Jonathan Evans 
 
                                                          [phone] 
   IFC Advisory Ltd (Financial PR and IR)                 6630 
 Tim Metcalfe, Florence Chandler 
 

Further information can be viewed at https://www.kefi-goldandcopper.com

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                           1. Harry Anagnostaras-Adams 
                                                       2. John Leach 
     -----------------------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------------- 
 a)   Position/status:                                1. Executive Chairman 
                                                       2. Finance Director 
     -----------------------------------------  ------------------------------------------ 
 b)   Initial notification/Amendment:            Initial notification 
     -----------------------------------------  ------------------------------------------ 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------------- 
 a)   Name:                                      KEFI Gold and Copper 
                                                  plc 
     -----------------------------------------  ------------------------------------------ 
 b)   LEI:                                       GB00BD8GP619 
     -----------------------------------------  ------------------------------------------ 
 4.   Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------------------------- 
 a)   Description of the financial instrument,   Ordinary shares of GBP0.001 
       type of instrument:                        each 
       Identification code:                       GB00BD8GP619 
     -----------------------------------------  ------------------------------------------ 
 b)   Nature of the transaction:                 Shares in lieu of cash 
     -----------------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s):                         Price(s)   Volume(s) 
                                                   1   0 .7p      2 6,428,571 
                                                   2   0 .7p      1 4,285,714 
                                                      ---------  ------------ 
     -----------------------------------------  ------------------------------------------ 
 d)   Aggregated information:                    Single transactions 
       Aggregated volume:                         as in 4 c) above    Price(s)   Volume(s) 
       Price:                                     1   0 .7p      26,428,571 
                                                  2   0 .7p      14,285,714 
                                                     ---------  ----------- 
     -----------------------------------------  ------------------------------------------ 
 e)   Date of the transaction:                   30 June 2023 
     -----------------------------------------  ------------------------------------------ 
 f)   Place of the transaction:                  Outside a trading venue 
     -----------------------------------------  ------------------------------------------ 
 

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June 30, 2023 05:02 ET (09:02 GMT)