Papua Mining Plc Publication of circular and notice of AGM and GM (1812R)

TIDMPML

RNS Number : 1812R

Papua Mining Plc

19 September 2017

Papua Mining plc

("Papua" or "the Company")

Publication of circular

Notice of Annual General Meeting and General Meeting

19 September 2017

Further to the announcements released on 18 September 2017 regarding, inter alia, the proposed acquisition of BGM Investments Pty Ltd and a conditional placing to raise up to GBP2.0 million (the "Conditional Placing and Acquisition"), Papua Mining plc, is pleased to announce that a shareholder circular outlining the terms of the Conditional Placing and Acquisition (the "Circular") and notice to convene a General Meeting has today been sent to shareholders. A notice of the Company's Annual General Meeting has also been sent to shareholders.

The Circular is also available on the Company's website: http://papuamining.com/

The General Meeting of Papua Mining plc will be held at the offices of Fladgate LLP, 16 Great Queen Street, London WC2B 5DG at 2:05 p.m. on 13 October 2017 (or as soon thereafter as the Annual General Meeting convened for the same date and place at 2:00 p.m. shall have been concluded or adjourned).

The expected timetable for the Conditional Placing and Acquisition is set out below:

 
                                                     2017 
                                          --------------- 
 Publication and posting of the Circular     19 September 
  and the Form of Proxy 
 Latest time and date for receipt of            2:05 p.m. 
  completed Forms of Proxy to be valid      on 11 October 
  at the General Meeting 
 General Meeting (or as soon thereafter         2:05 p.m. 
  as the Annual General Meeting convened    on 13 October 
  for the same date and place shall 
  have been concluded or adjourned) 
 Admission and commencement of dealings         8:00 a.m. 
  of the New Ordinary Shares                on 16 October 
 Settlement of the Thalassa Placing             8:00 a.m. 
  Shares                                    on 16 October 
 Expected date of completion of the             8:00 a.m. 
  Acquisition                               on 16 October 
 

The Board unanimously recommend Shareholders to vote in favour of each of the Resolutions, as they intend to do in respect of their beneficial shareholdings which amount in aggregate to 39,009,069 Existing Ordinary Shares, representing approximately 25.67 per cent. of the Existing Ordinary Shares in issue.

Thalassa (which holds 40,000,000 Existing Ordinary Shares, representing approximately 26.32 per cent. of the Existing Ordinary Shares) has undertaken to vote in favour of all necessary resolutions of the Shareholders required to enable the Company to implement the Placing.

Further details of the Company's proposals are set out in the Conditional Placing and Acquisition Announcement. Capitalised terms in this announcement have the same meaning given to them as defined in the Circular.

For further information on the Company please visit www.papuamining.com or contact:

 
 Papua Mining plc 
 Hugh McCullough, Director            [phone] 
 
 Cenkos Securities plc - Nominated 
  Adviser and Broker 
 Derrick Lee/Beth McKiernan           [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 19, 2017 07:58 ET (11:58 GMT)