Adriatic Metals
PLC
("Adriatic" or the "Company")
RESULT OF ANNUAL GENERAL
MEETING
Adriatic Metals PLC (ASX:ADT,
LSE:ADT1, OTCQX:ADMLF) held its Annual
General Meeting ("AGM") at 9.00am BST on 22 May 2024 at 3 Hanover
Square, London W1S 1HD, United Kingdom.
Each of the
resolutions contained in the Notice of Meeting was put to the AGM
and voted on by way of a poll. All were duly approved. The total
number of votes received on each resolution put to the AGM was as
follows:
|
Resolution
|
Votes
FOR1
|
%
|
Votes
AGAINST
|
%
|
Votes
WITHHELD2
|
|
ORDINARY RESOLUTIONS
|
|
|
|
|
|
1
|
Approve the Annual report and
Financial Statements and the Auditor's and Directors' reports for
the 12 months ended 31 December 2023
|
98,519,280
|
100.00
|
309
|
0.00
|
5,433
|
2
|
Approve the Directors' Remuneration
Report
|
98,383,522
|
99.98
|
19,228
|
0.02
|
122,272
|
3
|
Re-elect Michael Rawlinson as a
Director
|
87,171,726
|
89.75
|
9,954,310
|
10.25
|
1,398,986
|
4
|
Re-elect Peter Bilbe as a
Director
|
88,636,208
|
91.26
|
8,489,828
|
8.74
|
1,398,986
|
5
|
Re-appoint BDO LLP as
Auditor
|
98,487,780
|
100.00
|
309
|
0.00
|
36,933
|
6
|
Authorise the Audit & Risk
Committee to determine remuneration of the Auditor
|
98,476,780
|
99.99
|
5,309
|
0.01
|
42,933
|
7
|
Authorise Directors to allot shares
under s551 Companies Act 2006
|
96,644,149
|
98.14
|
1,836,440
|
1.86
|
44,433
|
8
|
Approve for the purposes of ASX
Listing Rule 10.14, the issue of up to 499,240 Performance
Rights to Paul Cronin (or his nominees) under the ESOP
|
97,287,727
|
99.85
|
142,484
|
0.15
|
1,094,811
|
9
|
Ratify for the purposes of ASX
Listing Rule 7.4, the issue of 14,777,632 Placement
Shares
|
93,979,372
|
99.85
|
144,946
|
0.15
|
4,400,704
|
|
SPECIAL RESOLUTIONS
|
|
|
|
|
|
10
|
Authority to disapply pre-emption
rights on allotment of shares
|
96,576,693
|
98.14
|
1,827,991
|
1.86
|
120,338
|
11
|
Authority to disapply pre-emption
rights on allotment of shares
|
96,570,751
|
98.14
|
1,833,933
|
1.86
|
120,338
|
12
|
Notice period for General Meetings
other than Annual General Meetings
|
93,909,012
|
95.41
|
4,518,261
|
4.59
|
97,749
|
1. The "For" proxy vote includes those giving
the Chairman discretion.
2. A vote "Withheld" is not a vote in law and is not counted in the
calculation of the proxy votes "For" or "Against" the
resolution.
The total number of ordinary shares
in issue on 20 May 2024, the deadline for casting votes by proxy in
advance of the AGM, was 306,222,045
shares. 32.17% of voting capital, including votes
withheld, was instructed in respect of the resolutions put to the
AGM.
The full text of the resolutions can
be found in the Notice of Annual General Meeting, which is
available on the Company's website at https://www.adriaticmetals.com/2024-agm/
In accordance with the UK Listing
Authority's Listing Rule 9.6.2, copies of all the resolutions
passed by the Company's shareholders, other than ordinary business
will be submitted to the National Storage Mechanism and will
shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
** ENDS **
Market Abuse Regulation
Disclosure
The information contained within
this announcement is deemed by the Company (LEI:
549300OHAH2GL1DP0L61) to constitute inside information for the
purposes of Article 7 of the EU Market Abuse Regulation (EU) No
596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 as amended. The person
responsible for arranging and authorising the release of this
announcement on behalf of the Company is Paul Cronin, Managing
Director and CEO.
Authorised
by Paul Cronin, Managing Director & CEO
For further information please
visit: www.adriaticmetals.com; email: info@adriaticmetals.com,
@AdriaticMetals on Twitter; or contact:
Adriatic Metals PLC
|
|
Paul Cronin / Klara
Kaczmarek
|
Via Buchanan
|
|
|
Buchanan
|
Tel: +44 (0) 20 7466 5000
|
Bobby Morse/ Oonagh Reidy
|
adriatic@buchanan.uk.com
|
Morgans Corporate Limited
|
|
Rob Douglas / Sam Warriner / Mitch
Duffy
|
Tel: +61 7 3334 4888
|
|
|
RBC
Capital Markets
|
|
Farid Dadashev / James Agnew / Jamil
Miah
|
Tel: +44 (0) 20 7653 4000
|
|
|
Stifel Nicolaus Europe Limited
|
|
Ashton Clanfield / Callum Stewart /
Varun Talwar
|
Tel: +44 (0) 20 7710 7600
|
|
|
Citadel Magnus
|
|
Cameron Gilenko
|
Tel: +61 2 8234 0100
|
|
|
ABOUT ADRIATIC METALS
Adriatic Metals PLC (ASX:ADT,
LSE:ADT1, OTCQX:ADMLF) is a precious and base metals mining company
that is advancing the world-class Vares Silver Operation in Bosnia
& Herzegovina, as well as the Raska Zinc-Silver Project in
Serbia. First concentrate production took place in February 2024
and the Vares Silver Operation is fully funded to nameplate
production, which is expected in Q4 2024. Concurrent with ongoing
operational activities, the Company continues to explore across its
highly prospective 44km2 concession package.