Highland Gold Mining Limited Result of Extraordinary General Meeting (2203P)
May 24 2018 - 9:29AM
UK Regulatory
TIDMHGM
RNS Number : 2203P
Highland Gold Mining Limited
24 May 2018
HIGHLAND GOLD MINING LIMITED
24 May 2018
Highland Gold Mining Limited ("the "Company")
Result of Extraordinary General Meeting
At the Extraordinary General Meeting of the Company held today,
24 May 2018, all of the following resolutions were each passed on a
poll:-
Special Resolution:
1. That, subject to the passing of Resolution 2, the directors
of the Company be and they are hereby generally and unconditionally
authorised, in addition to all existing authorities to the extent
unused, to exercise all the powers of the Company to allot Ordinary
Shares in the Company and grant rights to subscribe for, or convert
any security into, shares in the Company up to an aggregate nominal
amount of GBP38,621.35 on, and subject to, such terms as the
Directors may determine without first making an offer to each
person who holds Ordinary Shares in the Company. This authority,
unless renewed, extended, varied or revoked by the Company in a
general meeting, shall expire 365 days after the date of the
passing of this resolution, save that the Company may, prior to the
expiry of such period, make an offer or agreement which would or
might require shares to be allotted in the Company after such
expiry and the directors may allot shares in the Company in
pursuance of such offer or agreement notwithstanding the expiry of
the authority given by this resolution.
The percentage of the votes For 84.23%: Against 15.77%.
Ordinary Resolution:
2. That the waiver granted by the Panel on Takeovers and Mergers
of the obligation that would otherwise arise on the Vendor and the
Concert Party to make a general offer to the shareholders of the
Company pursuant to Rule 9 of the City Code on Takeovers and
Mergers as a result of the issue of Ordinary Shares to the Vendor
pursuant to the Acquisition was approved.
The percentage of the votes For 70.69%: Against 29.31%.
FOR FURTHER INFORMATION PLEASE CONTACT:
Highland Gold Mining Ltd. John Mann, Head of Communications
+ 7 495 424 95 21
Duncan Baxter, Non-Executive Director
+ 44 (0) 1534 814 202
Numis Securities Limited John Prior, James Black, Paul Gillam
(Financial Adviser, Nominated Adviser +44 (0) 207 260 1000
and Joint Broker)
BMO Capital Markets Jeffrey Couch, Neil Haycock, Pascal Lussier Duquette
(Joint Broker) +44 (0) 207 236 1010
Peat & Co Charlie Peat
(Joint Broker) +44 (0) 207 104 2334
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END
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