Result of General Meeting
Jubilee Metals Group PLC announced the results of its General Meeting, where Resolution 1, granting directors authority to allot shares and rights, passed with 91.15% of votes in favour, representing 38.37% of total voting rights. However, Resolution 2, seeking to dis-apply pre-emption rights for cash equity allotments, failed to pass, receiving 63.93% in favour, which was below the required 75% for a special resolution, with 38.37% of total voting rights cast. The company intends to continue engaging with shareholders on these matters.
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Altx share code: JBL
('Jubilee' or 'the Company' or 'the Group')
Results of General Meeting
Jubilee, the integrated copper producer and resource developer in Zambia, announces the results of the General Meeting held today 15 June 2026.
Resolution 1, an ordinary resolution to grant the directors authority to allot shares in the Company and to grant rights to subscribe for or convert any security into shares in the Company was passed with the requisite majority votes. Of the total votes cast, 91.15% voted in favour of the resolution. The total votes cast represented 38.37% of the Company's total voting rights.
Resolution 2, a special resolution to dis-apply pre-emption rights in relation to the allotment of equity securities for cash was not passed with the requisite majority votes. Of the total votes cast, 63.93% voted in favour of the resolution, and whilst being a strong majority votes, it is below the 75% majority votes required to pass the special resolution. The total votes cast represented 38.37% of the Company's total voting rights.
The Company will continue to engage with its shareholders on matters covered by these two resolutions.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.