10 June
2024
Aterian plc
("Aterian" or the
"Company")
2024 Annual General Meeting
Results
Aterian Plc (LSE: ATN),
the critical metal-focused exploration and
development company, is pleased to announce
that at the Company's Annual General Meeting, held earlier today,
all resolutions were duly passed.
The results of the poll were as
follows:
|
Resolution
|
For
|
Against
|
Withheld
|
|
1
|
547,309,827
|
10,000
|
Nil
|
|
2
|
547,259,827
|
60,000
|
Nil
|
|
3
|
547,309,827
|
10,000
|
Nil
|
|
4
|
533,482,924
|
13,836,903
|
Nil
|
|
5
|
547,259,827
|
60,000
|
Nil
|
|
6
|
547,259,827
|
60,000
|
Nil
|
|
7
|
547,309,827
|
10,000
|
Nil
|
|
8
|
547,259,827
|
60,000
|
Nil
|
In accordance with UK Listing Rule
9.6.2R copies of all the resolutions passed other than resolutions
concerning ordinary business have been submitted to the Financial
Conduct Authority via the National Storage Mechanism and will
shortly be available for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
A copy of the poll results for the
Annual General Meeting will also be available on the Aterian plc
website: www.aterianplc.com.
At the meeting, inter alia, a
resolution was passed which approved the sub-division and
conversion of each existing ordinary share of £0.01 ("Existing
Ordinary Shares") into one ordinary share of £0.001 (a "Revised
Ordinary Share") and one deferred share of £0.009 (a "Deferred
Share") (each such Deferred Share having no voting or dividend
rights and effectively being worthless) to enable the Company to
reduce the nominal value of its shares.
A further resolution then approved
the consolidation of the Company's Revised Ordinary Shares on a 100
to 1 basis, such that every 100 Revised Ordinary Shares of £0.001
each were consolidated into 1 ordinary share of £0.10 in nominal
value ("New Ordinary Share").
As a result, the Company's current
issued share capital of 1,089,171,000 Existing Ordinary Shares of
£0.01 was consolidated into 10,891,710 New Ordinary Shares of
£0.10, each with one voting right and 1,089,171,000 Deferred
Shares. Admission in respect of such New Ordinary Shares will
become effective and that dealings in those New Ordinary Shares
will commence on 11 June 2024. As a result of the reorganisation,
the ISIN of the New Ordinary Shares will change from GB00BKS7ZV87
to GB00BPJMN573.
The above figure of 10,891,710
should be used by shareholders in the Company as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in, the share capital of the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
- ENDS
-
This announcement contains
information which, prior to its disclosure, was inside information
as stipulated under Regulation 11 of the Market Abuse (Amendment)
(EU Exit) Regulations 2019/310 (as amended).
For further information, please
visit the Company's website: www.aterianplc.com
or contact:
Aterian Plc:
Charles Bray, Executive Chairman
- charles.bray@aterianplc.com
Simon Rollason, Director -
simon.rollason@aterianplc.com
Financial Adviser and Joint Broker:
Novum Securities Limited
David Coffman / George
Duxberry
Colin Rowbury
Tel: +44 (0)207 399 9400
Joint Broker:
SP Angel Corporate Finance
LLP
Ewan Leggat / Adam
Cowl
Tel: +44 20 3470 0470
Financial PR:
Bold Voodoo
- ben@baldvoodoo.com
Ben Kilbey
Tel: +44 (0)7811 209 344
Notes to Editors:
About Aterian plc
www.aterianplc.com
Aterian plc is an LSE-listed
exploration and development company with a diversified African
portfolio of critical metals projects.
Aterian plc is actively seeking to acquire and develop new
critical metal resources to strengthen its existing asset base
whilst supporting ethical and sustainable supply chains as the
world transitions to a sustainable, renewable future. The
supply of these metals is vital for developing the renewable
energy, automotive and electronic manufacturing sectors that are
playing an increasing role in reducing carbon emissions and meeting
climate ambitions globally.
The Company has entered into a joint
venture agreement with Rio Tinto Mining and Exploration
Limited for Rio Tinto to earn into the HCK project in
southern Rwanda. It holds two further partnerships
in Rwanda, exploring and developing
lithium-tantalum-niobium-tin mining operations. Aterian currently
holds a portfolio of multiple copper-silver and base metal projects
in the Kingdom of Morocco, with a total area of 897
km2. In January 2024, the Company announced the
acquisition of a 90% interest in Atlantis Metals. This private
Botswana registered company holds seven mineral prospecting
licences for copper-silver in the Kalahari Copperbelt and three for
lithium brine exploration in the Makgadikgadi Pans region. The
total licence area in Botswana is 4,486 km2.
The Company's strategy is to seek
new exploration and production opportunities across the African
continent and to develop new sources of critical mineral assets for
exploration, development, and trading.