Result of AGM
Metals Exploration PLC announced that all ten resolutions were passed at its Annual General Meeting. The audited accounts for the year ended 31 December 2025 were approved with 98.82% of votes cast in favour. Directors Steven Smith, Darren Bowden, Timothy Livesey, Andrew Chubb, David Cather, and Robert Marshall were re-appointed, receiving strong support ranging from 97.97% to 99.66% of votes cast. PKF Littlejohn LLP was re-appointed as auditors with 99.98% of votes in favour. Shareholders also authorised the Directors to allot ordinary shares up to a nominal amount of £65,589, with 99.73% of votes cast in favour, and to allot equity securities for cash and treasury shares, which passed with 97.58% of votes cast.
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Metals Exploration plc (AIM: MTL) (the "Company") announces that at its Annual General Meeting ("AGM") held earlier today, all 10 resolutions were passed on a poll.
The votes cast and votes withheld in relation to each resolution were as follows:
| Resolution 1 | FOR (number of shares) | % of votes cast | AGAINST (number of shares) | % of votes cast | WITHHELD (number of shares) 2 | |
|---|---|---|---|---|---|---|
| ORDINARY RESOLUTIONS | ||||||
| 1 | To receive the audited accounts of the Company for the year ended 31 December 2025, together with the Reports of the Directors and of the Auditors thereon. | 1,433,748,555 | 98.82% | 17,125,292 | 1.18% | 566,065 |
| 2 | To re-appoint Steven Smith as a Director of the Company. | 1,428,027,663 | 98.48% | 22,111,318 | 1.52% | 1,300,931 |
| 3 | To re-appoint Darren Bowden as a Director of the Company. | 1,445,800,587 | 99.66% | 4,929,812 | 0.34% | 709,513 |
| 4 | To re-appoint Timothy Livesey as a Director of the Company. | 1,433,202,099 | 98.82% | 17,136,732 | 1.18% | 1,101,081 |
| 5 | To re-appoint Andrew Chubb as a Director of the Company. | 1,418,611,182 | 97.97% | 29,453,523 | 2.03% | 3,375,207 |
| 6 | To re-appoint David Cather as a Director of the Company. | 1,430,279,299 | 98.79% | 17,585,406 | 1.21% | 3,575,207 |
| 7 | To re-appoint Robert Marshall as a Director of the Company. | 1,418,610,348 | 97.97% | 29,454,507 | 2.03% | 3,375,057 |
| 8 | To re-appoint PKF Littlejohn LLP as Auditors of the Company, and to authorise the Directors to determine their remuneration. | 1,450,063,232 | 99.98% | 239,860 | 0.02% | 1,136,820 |
| 9 | THAT, the Directors are generally and unconditionally authorised to allot Ordinary Shares and grant rights to subscribe for, or convert any security into Ordinary Shares up to an aggregate nominal amount of £65,589. | 1,446,279,147 | 99.73% | 3,889,671 | 0.27% | 1,271,094 |
| SPECIAL RESOLUTION | ||||||
| 10 | THAT, subject to the passing of Resolution 9 above, the Directors be empowered to allot equity securities pursuant to the authority conferred by Resolution 9 above for cash, and by way of a sale of treasury shares, as if section 561 of the Companies Act 2006 did not apply to any such allotment. | 1,371,283,765 | 97.58% | 34,000,359 | 2.42% | 46,151,723 |
Notes:
- The full text of the resolutions can be found in the Notice of the Annual General Meeting contained in the Circular to shareholders on the Company's website at www.metalsexploration.com/investors.
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