Pathfinder Minerals Plc Result of Annual General Meeting (8946Q)

TIDMPFP

RNS Number : 8946Q

Pathfinder Minerals Plc

30 June 2022

30 June 2022

Pathfinder Minerals Plc

("Pathfinder" or the "Company")

Result of Annual General Meeting

Pathfinder held its Annual General Meeting at 12.30pm today, at which all resolutions were passed on a show of hands with the exceptions of resolutions 5, 10 and 11 on which the Chair called for a poll.

The table below shows the proxy votes received on all 11 resolutions. The full text of the resolutions is contained in the Notice of General Meeting published on 6 June 2022, which is available on Pathfinder's website at www.pathfinderminerals.com .

 
                                                                 Total     % of 
                    Votes                  Votes             no. votes    ISC(**)       Votes 
 Resolution           For     %          Against     %            cast               Withheld 
     1        165,387,409   100.00             0   0.00    165,387,409    31.06             0 
     2        165,386,409   100.00         1,000   0.00    165,387,409    31.06             0 
     3        165,386,409   100.00         1,000   0.00    165,387,409    31.06             0 
     4        165,386,409   100.00         1,000   0.00    165,387,409    31.06             0 
     5         27,962,234   16.91    137,425,175   83.09   165,387,409    31.06             0 
     6        165,387,409   100.00             0   0.00    165,387,409    31.06             0 
     7        165,386,409   100.00         1,000   0.00    165,387,409    31.06             0 
     8        161,410,409   97.60      3,976,000   2.40    165,386,409    31.06         1,000 
     9        161,260,409   97.50      3,976,000   2.40    165,236,409    31.03       151,000 
   10(*)       21,336,234   12.90    144,050,175   87.10   165,386,409    31.06         1,000 
   11(*)       21,336,234   12.90    144,050,175   87.10   165,386,409    31.06         1,000 
 

(*) Special resolutions

(**) Issued Share Capital

As a result of resolution 5 not having been passed (which related to the reappoint of Jonathan Summers as a director), Mr Summers retired as a director of the Company today, upon the conclusion of the Annual General Meeting. The Board had consulted with the Company's substantial shareholder who voted against Mr Summers' reappointment ahead of the meeting, and is aware of the reasons given for the votes against the resolution. The Board is, however, disappointed by the outcome, and wishes to thank Mr Summers for his valued contribution during his time with the Company.

The directors also consulted with the Company's substantial shareholder ahead of the meeting with regards to special resolutions numbered 10 and 11, and have been informed that their continuing policy in respect of all their investments, is to vote against any resolution to disapply pre-emption rights, irrespective of whether the proposed authority is general or limited.

Notes

-- A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" and "Against"

-- Votes "For" and "Against" are expressed as a percentage of votes validly cast for that resolution at the AGM

   --    Votes "For" include those giving discretion to the Chair or a third party 

-- "% of ISC" denotes the votes validly cast for each resolution as a percentage of the issued share capital of Ordinary shares as at the voting entitlement date.

Enquiries:

Pathfinder Minerals Plc

Peter Taylor, Chief Executive Officer

Tel. [phone]

Strand Hanson Limited (Nominated & Financial Adviser and Broker)

James Spinney / Ritchie Balmer / Rob Patrick

Tel. [phone]

Vigo Communications (Public Relations)

Ben Simons / Charlie Neish / Kate Kilgallen

Tel. [phone]

Email. [e-mail]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

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June 30, 2022 11:14 ET (15:14 GMT)