Papua Mining Plc Publication of circular and notice of AGM and GM (1812R)
September 19 2017 - 7:58AM
UK Regulatory
TIDMPML
RNS Number : 1812R
Papua Mining Plc
19 September 2017
Papua Mining plc
("Papua" or "the Company")
Publication of circular
Notice of Annual General Meeting and General Meeting
19 September 2017
Further to the announcements released on 18 September 2017
regarding, inter alia, the proposed acquisition of BGM Investments
Pty Ltd and a conditional placing to raise up to GBP2.0 million
(the "Conditional Placing and Acquisition"), Papua Mining plc, is
pleased to announce that a shareholder circular outlining the terms
of the Conditional Placing and Acquisition (the "Circular") and
notice to convene a General Meeting has today been sent to
shareholders. A notice of the Company's Annual General Meeting has
also been sent to shareholders.
The Circular is also available on the Company's website:
http://papuamining.com/
The General Meeting of Papua Mining plc will be held at the
offices of Fladgate LLP, 16 Great Queen Street, London WC2B 5DG at
2:05 p.m. on 13 October 2017 (or as soon thereafter as the Annual
General Meeting convened for the same date and place at 2:00 p.m.
shall have been concluded or adjourned).
The expected timetable for the Conditional Placing and
Acquisition is set out below:
2017
---------------
Publication and posting of the Circular 19 September
and the Form of Proxy
Latest time and date for receipt of 2:05 p.m.
completed Forms of Proxy to be valid on 11 October
at the General Meeting
General Meeting (or as soon thereafter 2:05 p.m.
as the Annual General Meeting convened on 13 October
for the same date and place shall
have been concluded or adjourned)
Admission and commencement of dealings 8:00 a.m.
of the New Ordinary Shares on 16 October
Settlement of the Thalassa Placing 8:00 a.m.
Shares on 16 October
Expected date of completion of the 8:00 a.m.
Acquisition on 16 October
The Board unanimously recommend Shareholders to vote in favour
of each of the Resolutions, as they intend to do in respect of
their beneficial shareholdings which amount in aggregate to
39,009,069 Existing Ordinary Shares, representing approximately
25.67 per cent. of the Existing Ordinary Shares in issue.
Thalassa (which holds 40,000,000 Existing Ordinary Shares,
representing approximately 26.32 per cent. of the Existing Ordinary
Shares) has undertaken to vote in favour of all necessary
resolutions of the Shareholders required to enable the Company to
implement the Placing.
Further details of the Company's proposals are set out in the
Conditional Placing and Acquisition Announcement. Capitalised terms
in this announcement have the same meaning given to them as defined
in the Circular.
For further information on the Company please visit
www.papuamining.com or contact:
Papua Mining plc
Hugh McCullough, Director +353 1 532 9535
Cenkos Securities plc - Nominated
Adviser and Broker
Derrick Lee/Beth McKiernan +44 131 220 6939
This information is provided by RNS
The company news service from the London Stock Exchange
END
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