Result of General Meeting
Tertiary Minerals PLC announced that all resolutions were passed at its General Meeting, allowing for the issuance of 1,666,666,667 ordinary shares and 83,333,333 Broker Warrants on October 29, 2026. Approximately 23.33% of the company's issued share capital was voted by proxy, with over 85% in favour of each resolution. Following admission of the new shares, the company's enlarged issued share capital will be 8,821,022,394 ordinary shares. Additionally, the First Conversion Price of the Convertible Loan Note has been reduced from 0.072p to 0.061p.
Select text to share a quote on X · sign in to keep highlights & notes in your TYM notes
Tertiary Minerals plc (LON: TYM) is pleased to announce that at its General Meeting held earlier today, all resolutions were duly passed on a show of hands. Accordingly, the 1,666,666,667 ordinary shares of 0.01 pence each in the Company (“Placing Shares”) and 83,333,333 Broker Warrants as announced on 30 September 2026, will be issued on 29 October 2026.
In total, 25 valid proxy forms were received with over 85% of votes cast by proxy being in favour of each resolution. The total number of shares voted by proxy for, against or withheld represents 23.33% of the Company’s issued share capital in the case of each resolution passed.
The following information is provided in respect of proxies submitted to the Company’s Registrars appointing the Chairman or third party as Proxy, and Personal Representatives in attendance.
- Ordinary Resolution: To authorise the directors to allot shares up to an aggregate nominal amount of £175,000 (consisting of 1,750,000,000 new ordinary shares of 0.01 pence each)
| Votes For | % of votes cast | Against | % of votes cast | At Chairman’s discretion | % of votes cast | No. Withheld |
|---|---|---|---|---|---|---|
| 1,437,209,793 | 87.67 | 202,218,033 | 12.33 | 0 | 0 | 83,450,671 |
- Special Resolution: To approve dis-application of pre-emption rights relating to Resolution 1
| Votes For | % of votes cast | Against | % of votes cast | At Chairman’s discretion | % of votes cast | No. Withheld |
|---|---|---|---|---|---|---|
| 1,436,505,199 | 87.60 | 203,269,253 | 12.40 | 0 | 0 | 83,104,045 |
- Ordinary Resolution: To authorise the directors to allot shares up to an aggregate nominal amount of £250,000 (consisting of 2,500,000,000 new ordinary shares of 0.01 pence each)
| Votes For | % of votes cast | Against | % of votes cast | At Chairman’s discretion | % of votes cast | No. Withheld |
|---|---|---|---|---|---|---|
| 1,436,494,064 | 87.63 | 202,857,188 | 12.37 | 0 | 0 | 83,527,245 |
- Special Resolution: To approve dis-application of pre-emption rights relating to Resolution 3
| Votes For | % of votes cast | Against | % of votes cast | At Chairman’s discretion | % of votes cast | No. Withheld |
|---|---|---|---|---|---|---|
| 1,403,095,044 | 85.59 | 236,272,241 | 14.41 | 0 | 0 | 83,511,212 |
N.B. Votes withheld are not counted as they are not a vote in law.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for admission of the Placing Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM. Admission is expected to occur at 8.00 a.m. on 29 October 2026.
Following Admission of the Placing Shares, the Company's enlarged issued share capital will be 8,821,022,394 ordinary shares.
The Company holds no ordinary shares in treasury. The total number of voting rights in the Company will therefore be 8,821,022,394 following Admission and this figure may then be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Convertible Loan Note
Following completion of the Placing, the First Conversion Price of the Convertible Loan Note is reduced from 0.072p to 0.061p based on the agreement outlined in the announcement of 7 November 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.