Result of AGM
Capital Metals PLC announced that all resolutions were approved by shareholders at its Annual General Meeting, including the receipt of the audited financial statements for the year ended March 31, 2026, the re-appointment of a director with 98.61% of votes in favour, the re-appointment of auditors with 99.95% approval, and the granting of authority to allot shares with 93.79% support. Additionally, a special resolution to dis-apply pre-emption rights passed with 95.21% of the votes.
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Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at its high-grade Taprobane 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 on a show of hands.
The numbers of proxy votes received ahead of the meeting for each resolution are presented below:
| Ordinary Resolution | For | % | Against | % | Total Votes | Withheld | |
|---|---|---|---|---|---|---|---|
| 1. | To receive and consider the audited Statement of Accounts and the Reports of the Directors and the Auditor of the Company for the year ended 31 March 2026 | 97,326,566 | 100.00% | 0 | 0.00% | 97,326,566 | 0 |
| 2. | To re-appoint Teh Kwan Wey as a director | 95,964,515 | 98.61% | 1,348,291 | 1.39% | 97,312,806 | 13,759 |
| 3. | To re-appoint PKF Littlejohn LLP as auditors and to authorise the Directors to fix their remuneration | 97,268,016 | 99.95% | 45,291 | 0.05% | 97,313,307 | 13,259 |
| 4. | To grant the directors with authority to allot shares pursuant to Section 551 of the Companies Act 2006 | 91,250,584 | 93.79% | 6,040,482 | 6.21% | 97,291,066 | 35,500 |
| Special Resolution | |||||||
| 5. | To dis-apply pre-emption rights pursuant to Section 570 of the Companies Act 2006 | 92,388,844 | 95.21% | 4,648,997 | 4.79% | 97,037,841 | 288,725 |
Notes:
- The "For" Proxy vote includes those giving the Chair of the AGM discretion
- A vote "Withheld" is not a vote in law and is not included in the proxy votes "For" or "Against" the resolution
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