Result of General Meeting
Vast Resources plc announced that all resolutions were passed at its General Meeting held on August 18, 2026. Key resolutions included the approval of a Rule 9 waiver from the Takeover Panel, the acquisition of Gulf International Minerals Limited, and a share consolidation. Shareholders also approved authorities for directors to allot shares for various purposes, including the Share Appreciation Rights Scheme, consideration shares, placing and subscription shares, and a US$10 million funding facility, with significant majorities supporting these proposals. Pre-emption rights were also disapplied in relation to these share allotments. A further announcement regarding the completion of the reverse takeover, placing, subscription, and AIM admission is expected before trading on August 19, 2026.
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Defined terms in this announcement shall have the same meaning as defined in the Company's Admission Document published on 31 July 2026, and the announcement of 27 July 2026 (RNS: 9659N), unless otherwise defined herein.
Vast Resources plc
(“Vast” or the “Company”)
Results of General Meeting
Vast Resources plc (AIM: VAST), the AIM-quoted mining company, is pleased to announce that at the General Meeting of the Company held at 10.00 a.m. today, 18 August 2026, all Resolutions were duly passed on a poll.
Result of General Meeting
The proxy voting results for the Resolutions are set out below, together with a brief description of the relevant Resolution:
| Resolution | Description | For | % | Against | % | Withheld |
|---|---|---|---|---|---|---|
| Ordinary Resolutions | ||||||
| 1 | Approval of the Rule 9 Waiver granted by the Takeover Panel in respect of the Concert Party's obligation to make a general offer under Rule 9 arising from the issue of shares pursuant to the Acquisition. | 1,567,579,649 | 99.68 | 5,091,720 | 0.32 | 109,410,260 |
| 2 | Approval of the proposed acquisition by the Company of the entire issued share capital of Gulf International Minerals Limited which comprises a reverse takeover on the terms and subject to the conditions of the share purchase agreement dated 22 December 2025. | 1,568,958,458 | 99.76 | 3,773,961 | 0.24 | 109,349,210 |
| 3 | Consolidation of every 25 existing ordinary shares of £0.001 each into 1 new ordinary share of £0.025 each. | 1,567,020,418 | 99.63 | 5,835,544 | 0.37 | 109,225,667 |
| 4 | Authority for Directors to allot shares up to an aggregate nominal amount of £250,000 in connection with the Company's Share Appreciation Rights Scheme. | 1,536,128,488 | 97.71 | 36,003,164 | 2.29 | 109,949,977 |
| 5 | Authority for Directors to allot shares in connection with the Consideration Shares, Placing Shares, Subscription Shares, Retail Offer Shares, Adviser Fee Shares and Adviser Warrants up to the aggregate nominal amounts specified. | 1,549,965,562 | 98.56 | 22,656,740 | 1.44 | 109,459,327 |
| 6 | Authority for Directors to allot shares in the Company or grant rights to subscribe for or to convert any security into shares in the Company up to a maximum aggregate nominal amount of up to £900,000 (representing approximately 2.19% of the Enlarged Ordinary Share Capital), including the grant of warrants in connection with the proposed US$10 million funding facility. | 1,541,512,165 | 98.68 | 20,607,730 | 1.32 | 119,961,734 |
| Special Resolutions | ||||||
| 7 | Disapplication of pre-emption rights in respect of the allotments authorised by Resolution 5. | 1,558,498,762 | 99.11 | 13,974,586 | 0.89 | 109,608,281 |
| 8 | Disapplication of pre-emption rights in respect of the allotments authorised by Resolution 6, including a general authority of up to £900,000 nominal value. | 1,551,851,908 | 98.69 | 20,621,124 | 1.31 | 109,608,597 |
A further announcement in connection with completion of the Reverse Takeover, the Placing and Subscription, and Admission of the Company's ordinary shares to trading on AIM will be made before the commencement of trading tomorrow, 19 August 2026.
For further information, please visit the Company's website at www.vastplc.com or contact:
| Vast Resources plc Andrew Prelea (CEO) | +44 (0) 20 7846 0974 |
| Strand Hanson Limited – Nominated & Financial Adviser James Spinney / James Bellman / Imogen Ellis | +44 (0) 207 409 3494 |
| Shore Capital Stockbrokers Limited – Joint Broker Toby Gibbs / James Thomas | +44 (0) 20 7408 4050 |
| Axis Capital Markets Limited – Joint Broker Richard Hutchinson | +44 (0) 20 3206 0320 |
| St Brides Partners Limited Susie Geliher | http://www.stbridespartners.co.uk/ +44 (0) 20 7236 1177 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.