TIDMRMM
RNS Number : 2972H
Rambler Metals & Mining PLC
02 December 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014 AND.
2 December 2020
Result of General Meeting
London, England, Newfoundland and Labrador, Canada - Rambler
Metals and Mining plc (AIM: RMM) ("Rambler" or the "Company"), a
copper and gold producer, explorer, and developer, is pleased to
announce that all resolutions proposed at the General Meeting held
today were passed. The proxies received in respect of all
resolutions were as follows:
No. ORDINARY RESOLUTIONS FOR AGAINST VOTES WITHELD
To authorise the Company
to sub-divide the issued
share capital so that
the number of ordinary
shares of 1p each, is
sub-divided into one New
Ordinary Share of 0.01p
each, and one Deferred
1. Share of 0.99p each. 974,032,067 544,809 231,487
------------------------------- ------------ -------- --------------
To grant the Directors
the authority to allot
the Placing Shares, Converted
Shares and Warrants (as
defined in the circular
to shareholders accompanying
this notice of general
2. meeting ("the Circular")). 974,032,118 544,758 231,487
------------------------------- ------------ -------- --------------
To grant the Directors
authority to allot Ordinary
Shares up to a maximum
aggregate nominal amount
of GBP10,972,719. This
authority is in substitution
for all previous authorities
conferred upon the directors
of the Company pursuant
to section 551 of the
Act at the 2020 Annual
General Meeting and the
3. March 2020 General Meeting. 974,032,118 544,758 231,487
------------------------------- ------------ -------- --------------
SPECIAL RESOLUTIONS
---- ------------------------------- ------------ -------- --------------
To disapply the statutory
pre-emption rights in
respect of the allotment
of the Ordinary Shares
to be allotted pursuant
4. to Resolution 2. 974,032,067 544,809 231,487
------------------------------- ------------ -------- --------------
To disapply the statutory
pre-emption rights in
respect of the allotment
of the Ordinary Shares
to be allotted pursuant
5. to Resolution 3. 974,032,067 544,809 231,487
------------------------------- ------------ -------- --------------
To authorise the Company
to amend the Articles
of Association when the
sub-division contemplated
by Resolution 1 is carried
6. out. 974,032,067 544,809 231,487
------------------------------- ------------ -------- --------------
Share Reorganisation and Total Voting Rights
With effect from 3 December 2020, following today's shareholder
approval of the share reorganisation to subdivide each existing
ordinary share of 1 pence each ("Existing Ordinary Share") into one
new ordinary share of 0.01 pence each ("New Ordinary Share") and
one deferred share of 0.99 pence each ("Deferred Share"), and the
allotment of the Placing Shares, Converted Shares and Warrants, the
total issued share capital of the Company will consist of
8,131,810,231 ordinary shares of 0.01 pence each in issue, none of
which are held in treasury. Therefore, the total number of voting
rights in the Company will be 8,131,810,231.
The New Ordinary Shares will have the same rights and benefits
as the Existing Ordinary Shares (except as to par value). The
Sub-division will not change the number of shares held by an
existing shareholder of the Company, just the nominal value of each
share. The Deferred Shares will have limited rights and will
effectively carry no value, and will not be admitted to trading on
AIM.
It is currently intended that, in due course and as set out in
the Amended Articles of Association, all the Deferred Shares will
be re-purchased by the Company, at its sole discretion, for an
aggregate consideration of GBP1 and be cancelled. The Company does
not propose to issue new share certificates. Following the
Sub-division, the ISIN code for the Sub-divided New Ordinary Shares
will remain unchanged.
The above figure of 8,131,810,231 may 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 in their interest in, the share capital of the Company
under the FCA's Disclosure and Transparency Rules.
ABOUT RAMBLER METALS AND MINING
Rambler is a mining and development company that in November
2012 brought its first mine into commercial production. Rambler has
a 100 per cent ownership in the Ming Copper-Gold Mine, a fully
operational base and precious metals processing facility and
year-round bulk storage and shipping facility; all located on the
Baie Verte peninsula, Newfoundland and Labrador, Canada.
Rambler's focus is to regain its production profile at 1,350
metric tonnes per day at 2% Cu in the course of 2021 and evaluate
expansion opportunities from that base. Along with the Ming Mine,
Rambler also owns 100 per cent of former producing Little Deer /
Whales Back and Ming West copper mines.
Rambler is listed in London under AIM:RMM.
For further information, please contact:
Toby Bradbury Sanjay Swarup T im Sanford. P. Eng.
President and CEO CFO Vice President and
Rambler Metals & Mining Rambler Metals & Mining Corporate Secretary
Plc Plc Rambler Metals & Mining
Tel No: +44 (0) 20 Tel No: +44 (0) 20 Plc
7 096 0 662 7096 0662 Tel No: +1 (709) 532
Fax No: +44 (0) 20 Fax No: +44 (0) 20 5736
860 9 0 313 8609 0313 Fax No: +1 (709) 8 00
1 921
Nominated Advisor (NOMAD)
Ewan Leggat, Caroline
Rowe
SP Angel Corporate
Finance LLP
Tel No: +44 (0) 20
3470 0470
Website: www.ramblermines.com
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END
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