9 SEPTEMBER 2022
Pensana Plc
("Pensana" or the
"Company")
Results of General
Meeting
Pensana is pleased to announce that at the General Meeting (GM)
held earlier today both the special resolutions as set out in the
Notice of GM dated 23 August 2022
were passed by the requisite majority of votes cast by proxy.
The total number of Pensana ordinary shares (“Shares”)
eligible to vote at the GM is 245,579,249.
The total number of votes cast and the number of votes withheld
in respect of each resolution and the number and percentage of
votes for and against each resolution are as follows:
Special Resolution 1: To disapply pre-emption rights in
respect of the issue of shares to Fundo Soberano de Angola.
| Votes
cast |
Votes
withheld |
For |
Against |
| 72,796,340 |
11,230 |
72,653,818
(99.80%) |
142,522
(0.20%) |
| Special
Resolution 2: To disapply pre-emption rights. |
| Votes
cast |
Votes
withheld |
For |
Against |
| 72,796,340 |
11,230 |
72,706,382
(99.88%) |
89,958
(0.12%) |
-ENDS-
For further information, please
contact:
Shareholder/analyst enquiries:
Pensana
Plc
Paul Atherley,
Chairman
IR@pensana.co.uk
Tim George, Chief Executive
Officer
Rob Kaplan, Chief Financial
Officer
George Zacharias, Group Company
Secretary
Media enquiries:
FGS Global:
Gordon Simpson / Richard
Crowley
Pensana-LON@fgsglobal.com
About Pensana Plc
The electrification of motive power is by far the most important
part of the energy transition and one of the biggest energy
transitions in history. Magnet metal rare earths are central to the
transition away from internal combustion engines and critical to
electric vehicles and offshore wind turbines.
Pensana plans to establish Saltend as an independent and
sustainable processing hub supplying the key magnet metal oxides to
a market which is currently dominated by China. The US$195
million Saltend facility is being designed to produce 12,500
tonnes per annum of rare earth oxides, of which 4,500–5,000 tonnes
will be neodymium and praseodymium (NdPr), representing over 5% of
the world market in 2025.
Pensana’s plug-and-play facility is located within the
world-class Saltend Chemicals Park, a cluster of leading chemicals
and renewable energy businesses in the Humber Freeport and will
create over 500 jobs during construction and over 125 direct jobs
once in production.
It will be the first major separation facility to be established
in over a decade and will become one of only three major producers
located outside China.
Pensana is aiming to establish Saltend as an attractive
alternative for mining companies who may otherwise be limited to
selling their products to China,
having designed the facility to be easily adapted to cater for a
range of rare earth feedstocks.
www.pensana.co.uk