12 February 2025
Tribe Technology
PLC
("Tribe Tech",
the "Company" or the "Group")
Result of General
Meeting
Tribe Technology PLC (AIM: TRYB), a disruptive
developer and manufacturer of autonomous mining equipment, confirms
that at the Company's general meeting ("GM") held earlier today, all
resolutions put to shareholders were passed. Resolution 1 and
resolution 2 were passed as special resolutions. The number of
votes cast for and against each of the resolutions proposed, and
the number of votes withheld, are set out in the table
below.
The full text of each resolution was included
in the Company's notice of GM posted to shareholders on 21 January
2025 and subsequently published on the Company's
website.
|
Resolution
|
Number of Votes for
|
%
|
Number of Votes against
|
%
|
Number of Votes withheld
|
|
Resolution 1
(Special)
To approve the cancellation of the admission to
trading on AIM.
|
99,409,307
|
82.09%
|
21,692,335
|
17.91%
|
20,000
|
|
Resolution
2 (Special)
To re-register the Company as a private company
and to approve the adoption by the Company of new articles of
association.
|
99,409,307
|
82.09%
|
21,692,335
|
17.91%
|
20,000
|
Votes
withheld are not votes in law and so have not been included in the
calculation of the proportion of votes for and against a
resolution.
Pursuant to
the passing of Resolution 1, cancellation of admission of the
Company's ordinary shares to trading on AIM will become effective
at 7.00 a.m. on 21 February 2025.
In accordance with the passing of Resolution 2,
the Company will re-register as a private limited company with the
name Tribe Technology Holdings Ltd and adopt new articles of
association, which is expected to take place by 14 March
2025.
Dealing and
settlement arrangements post the Cancellation
With effect from the cancellation of admission
of the Company's ordinary shares to trading on AIM, the Company has
arranged a matched bargain facility and has appointed JP Jenkins (a
trading name of InfinitX Limited and an appointed representative of
Prosper Capital LLP, which is authorised and regulated by the FCA)
to facilitate Shareholders buying and selling ordinary shares on a
matched bargain basis for a period of no less than 12 months
following Cancellation. Full details will be made available to
shareholders on the Company's website at https://tribetechgroup.com and
directly by letter or e-mail (where appropriate).
Further details regarding the cancellation and
re-registration are set out in the circular sent to shareholders
dated 21 January 2025. A copy of the circular is available on the
Company's website https://tribetechgroup.com.
Capitalised
terms used in this announcement shall have the meanings given to
such terms in the announcement issued by the Company dated 21
January 2025 unless otherwise defined herein.
-END-
For further information, please
visit www.tribetechgroup.com or
contact:
Tribe Technology PLC
via Tavistock
Preeti Mardia, Executive
Chair
Allenby Capital Limited (Nominated Adviser and Joint Broker)
+44 20 3328 5656
John Depasquale / Vivek Bhardwaj /
Lauren Wright (Corporate Finance)
info@allenbycapital.com
Tony Quirke / Joscelin Pinnington
(Sales & Corporate Broking)
SP
Angel Corporate Finance LLP (Joint Broker)
+44 20 3470 0470
Richard Morrison / Charlie Bouverat
(Corporate Finance)
Grant Barker (Sales and Corporate
Broking)
Tavistock (Financial PR)
+44 20 7920 3150
Rebecca Hislaire / Saskia
Sizen
tribetech@tavistock.co.uk
About Tribe Tech
Established in 2019, the Group was
founded to create a safer, more efficient work environment through
the development of fully autonomous reverse circulation drill rigs
in the mining industry. The Group's core activities are the
development, in-house manufacturing, and sale of its autonomous RC
Drill Rigs incorporating its core proprietary intellectual
property, the Tribe Technology Drilling System ("TTDS").
