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LONDON - Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) announced today that shareholders approved all resolutions during the General Meeting held at 3 Hanover Square, London. The resolutions included the ratification of issued securities and the authority to allot equity securities, indicating forward movement on the company’s financing strategies.
The meeting, which took place on Tuesday, saw a significant turnout, with over 42% of voting capital participating, including votes withheld. The resolutions passed with overwhelming majority support, ranging from 95.65% to 99.69% in favor, demonstrating strong shareholder backing for the company’s proposed actions.
Specifically, the resolutions ratified the issue of Tranche 1 and Tranche 2 Placement Securities and the 2024 Placement Securities, which are key components of the company’s funding. Additionally, the authority to allot equity securities and the disapplication of statutory pre-emption rights were also approved, providing the company with greater flexibility in future equity issuances.
The total number of ordinary shares in issue as of the voting deadline was 335,874,849 shares. The detailed voting results for each resolution were outlined, with the number of votes for, against, and withheld clearly stated.
In compliance with UK Listing Rule 6.4.2, Adriatic Metals will submit copies of the resolutions passed, other than ordinary business, to the National Storage Mechanism. These documents will soon be available for public inspection.
The company’s CEO and Managing Director, Laura Tyler, authorized the release of this announcement, which is considered inside information under the UK Market Abuse Regulation.
This update is based on a press release statement and reflects the latest developments from Adriatic Metals PLC’s shareholder meeting.
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