Share Name Share Symbol Market Type Share ISIN Share Description
Pensana Plc LSE:PRE London Ordinary Share GB00BKM0ZJ18 ORD �0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.20 0.37% 54.95 54.00 55.90 55.00 51.40 53.50 221,349 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy - - - - 135

Pensana Plc Results of General Meeting

09/09/2022 10:47am

UK Regulatory (RNS & others)

                                  Pensana Plc 
                         ("Pensana" or the "Company") 
                          Results of General Meeting 
Pensana is pleased to announce that at the General Meeting (GM) held earlier 
today both the special resolutions as set out in the Notice of GM dated 23 
August 2022 were passed by the requisite majority of votes cast by proxy. 
The total number of Pensana ordinary shares ("Shares") eligible to vote at the 
GM is 245,579,249. 
The total number of votes cast and the number of votes withheld in respect of 
each resolution and the number and percentage of votes for and against each 
resolution are as follows: 
Special Resolution 1: To disapply pre-emption rights in respect of the issue of 
shares to Fundo Soberano de Angola. 
     Votes cast         Votes withheld          For                  Against 
     72,796,340             11,230           72,653,818              142,522 
                                              (99.80%)               (0.20%) 
Special Resolution 2: To disapply pre-emption rights. 
     Votes cast         Votes withheld          For                  Against 
     72,796,340             11,230           72,706,382               89,958 
                                              (99.88%)               (0.12%) 
For further information, please contact: 
Shareholder/analyst enquiries: 
Pensana Plc 
Paul Atherley, 
Tim George, Chief Executive Officer 
Rob Kaplan, Chief Financial Officer 
George Zacharias, Group Company Secretary 
Media enquiries: 
FGS Global: 
Gordon Simpson / Richard Crowley 
About Pensana Plc 
The electrification of motive power is by far the most important part of the 
energy transition and one of the biggest energy transitions in history. Magnet 
metal rare earths are central to the transition away from internal combustion 
engines and critical to electric vehicles and offshore wind turbines. 
Pensana plans to establish Saltend as an independent and sustainable processing 
hub supplying the key magnet metal oxides to a market which is currently 
dominated by China. The US$195 million Saltend facility is being designed to 
produce 12,500 tonnes per annum of rare earth oxides, of which 4,500-5,000 
tonnes will be neodymium and praseodymium (NdPr), representing over 5% of the 
world market in 2025. 
Pensana's plug-and-play facility is located within the world-class Saltend 
Chemicals Park, a cluster of leading chemicals and renewable energy businesses 
in the Humber Freeport and will create over 500 jobs during construction and 
over 125 direct jobs once in production. 
It will be the first major separation facility to be established in over a 
decade and will become one of only three major producers located outside China. 
Pensana is aiming to establish Saltend as an attractive alternative for mining 
companies who may otherwise be limited to selling their products to China, 
having designed the facility to be easily adapted to cater for a range of rare 
earth feedstocks. 

(END) Dow Jones Newswires

September 09, 2022 05:47 ET (09:47 GMT)

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