Beacon Hill Resources plc Results of General Meeting (7255R)
September 15 2014 - 11:00AM
UK Regulatory
TIDMBHR
RNS Number : 7255R
Beacon Hill Resources plc
15 September 2014
15 September 2014
Beacon Hill Resources Plc / AIM: BHR / Sector: Mining
Beacon Hill Resources Plc ('Beacon Hill or 'the Company')
RESULTS OF GENERAL MEETING
On 28 August 2014, the Company announced details of a General
Meeting to be held on 15 September 2014 ("First General Meeting")
in relation to a number of resolutions for the proposed Capital
Reorganisation. Further to that announcement, on 15 September 2014,
Beacon Hill announced details of a proposed placing of
1,250,000,000 new ordinary shares in the Company ("Ordinary
Shares") of 0.10p each ("Placing Shares"), to raise approximately
GBP1.25 million (the "Placing"). The Placing Shares are being
issued in two Tranches; the "First Tranche Placing Shares" and the
"Second Tranche Placing Shares".
The First Tranche Placing Shares are 373,041,592 Ordinary Shares
and their issue is conditional, inter alia, on the passing of
resolutions set out in the Notice of General Meeting dated 28
August 2014. The Second Tranche Placing Shares are 876,958,408
Ordinary Shares and their issue is conditional, inter alia, on the
passing of resolutions at a second General Meeting to be held on 1
October 2014 (the "Second General Meeting").
The Board of Beacon Hill is pleased to announce that, at the
General Meeting of the Company held earlier today, the resolutions
set out in the Notice of General Meeting were duly passed.
Following the passing of all resolutions, each ordinary share of
0.25 pence each in the capital of the Company (both issued and
unissued) (the "Existing Ordinary Shares") has been sub-divided
into 25 ordinary shares of 0.01 pence each.
An application has been made to the London Stock Exchange for
the First Tranche Placing Shares to be admitted to trading on AIM
and it is expected that admission will take place at 8.00 a.m. on
16 September 2014. Following admission on AIM of the First Tranche
Placing Shares, the total number of shares in issue in the Company
will be 2,859,985,549 Ordinary Shares of 0.01p each, all of which
are voting shares.
Set out below are the proxies received in respect of each
resolution.
Resolution In Favour Against Withheld
No. (% of votes cast) (% of votes cast)
----------- --------------------- ------------------- ---------
1 709,845,944 (99.97%) 231,867 (0.03%) Nil
----------- --------------------- ------------------- ---------
2 709,860,344 (99.97%) 231,867 (0.03%) Nil
----------- --------------------- ------------------- ---------
NB: Percentage of votes cast excludes withheld votes
The Company has today, posted to its shareholders a circular
convening the Second General Meeting, to be held at the offices of
Memery Crystal LLP, 44 Southampton Buildings, London WC2A 1AP at
10.00am on Wednesday 1 October 2014. The circular can be found on
the Company website at www.bhrplc.com.
**ENDS**
For further information, please contact:
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Beacon Hill Resources Plc
Justin Farr-Jones, Chairman (jfarr-jones@bhrplc.com)
Rowan Karstel, Chief Executive Officer (rowan.karstel@bhrplc.com)
Canaccord Genuity Limited (Nominated Adviser
and Broker)
Neil Elliot / Joe Weaving +44 20 7523 8000
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St Brides Media & Finance Limited (Financial
Public Relations)
Susie Geliher / Elisabeth Cowell +44 20 7236 1177
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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