Result of General Meeting
Gem Resources PLC announced that all resolutions presented at its General Meeting were passed with overwhelming support. Ordinary resolutions 1 and 2, concerning the authority to allot shares, received 99.88% in favour, while special resolutions 3 and 4, relating to the disapplication of pre-emption rights, were passed with 99.50% and 99.88% respectively. The total number of ordinary shares in issue at the time of voting was 617,316,176.
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Gem Resources plc (LSE: GEMR) is pleased to announce that, at the General Meeting ("General Meeting") of the Company held today, all resolutions put to the General Meeting were duly passed (each, a "Resolution", and together, the "Resolutions").
Resolutions 1 and 2 were passed as ordinary resolutions. Resolutions 3 and 4 were passed as special resolutions. The results of the poll were as follows:
| In favour | Against | Withheld | Total Votes | |||
|---|---|---|---|---|---|---|
| Resolution | Votes | % | Votes | % | Votes | |
| Ordinary Resolutions | ||||||
| Resolution 1: To provide Directors' with authority to allot shares | 396,802,020 | 99.88 | 269,156 | 0.07 | 54,032 | 397,260,523 |
| Resolution 2: To provide Directors' with authority to allot shares | 396,802,020 | 99.88 | 269,156 | 0.07 | 54,032 | 397,260,523 |
| SPECIAL RESOLUTIONS | ||||||
| Resolution 3: To provide Directors' with authority for disapplication of pre-emption rights | 395,273,591 | 99.50 | 1,769,156 | 0.45 | 54,032 | 397,260,523 |
| Resolution 4: To provide Directors' with authority for disapplication of pre-emption rights | 396,773,591 | 99.88 | 486,932 | 0.12 | 54,032 | 397,260,523 |
*Any proxy appointments which gave discretion to the chairman of the General Meeting have been included in the "Vote For" total.
The total number of ordinary shares of nominal value 0.01 pence each in the capital of the Company in issue at the voting date is 617,316,176. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of votes for and against the Resolution.
In accordance with UKLR 22.2.6R of the Financial Conduct Authority ("FCA"), a copy of the Resolutions passed have been submitted to the FCA's National Storage mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The full text of all of the Resolutions can be found in the Notice of General Meeting posted on the Company's website, https://gemresources.co.uk/publications/.
For further information please contact: Gem Resources Plc Executive Chairman Louis Ching Chief Executive Officer Bernard Olivier +44 (0)746 368 6497 info@gemresources.co.uk ALbR Capital Limited Joint Corporate Broker Lucy Williams Duncan Vasey Capital Plus Partners Joint Corporate Broker Jon Critchley +44 (0)20 7469 0930 +44 (0)203 821 6169
About Gem Resources Plc ("GEMR")
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