12 November 2024
Premier African Minerals
Limited
Result of General
Meeting
Premier African Minerals
Limited ("Premier" or
the "Company") announces
the results of the Company's General Meeting ("GM") held on 11 November
2024.
The special resolution was voted on
by way of a poll, and the result of the poll is shown below. The
proposed special resolution failed at the GM.
|
Resolution
|
For
|
%
of Votes Cast
|
Against
|
%
of Votes Cast
|
|
Disapplication of Pre-emptive
provisions.
|
7,838,857,355
|
62.86%
|
4,632,032,923
|
37.14
|
|
Notes:
The "For" votes include those giving the Chairman
discretion.
Votes "For" and "Against" are expressed as a percentage of votes
received.
|
The full text of the special
resolution was included in the notice of the General Meeting of the
Company as announced on 4 October 2024.
The Company will shortly provide a
further update on the proposed corporate strategy of the Company
following the voting down of the special resolution at the GM,
including a pre-emptive offer of shares to shareholders.
A copy of this announcement is
available at the Company's website, www.premierafricanminerals.com.
Enquiries:
|
George Roach
|
Premier African Minerals Limited
|
Tel: +27 (0) 100 201 281
|
|
Michael Cornish / Roland Cornish
|
Beaumont Cornish Limited
(Nominated Adviser)
|
Tel: +44 (0) 20 7628 3396
|
|
Douglas Crippen
|
CMC
Markets UK Plc
|
Tel: +44 (0) 20 3003 8632
|
|
Toby Gibbs/Rachel Goldstein
|
Shore Capital Stockbrokers Limited
|
Tel: +44 (0) 20 7408 4090
|
Nominated Adviser Statement
Beaumont Cornish
Limited ("Beaumont
Cornish"), which is authorised and regulated in
the United Kingdom by the Financial Conduct Authority, is
acting as nominated adviser to the Company in connection with this
announcement and will not regard any other person as its client and
will not be responsible to anyone else for providing the
protections afforded to the clients of Beaumont Cornish or for
providing advice in relation to such proposals. Beaumont Cornish
has not authorised the contents of, or any part of, this document
and no liability whatsoever is accepted by Beaumont Cornish for the
accuracy of any information, or opinions contained in this document
or for the omission of any information. Beaumont Cornish as
nominated adviser to the Company owes certain responsibilities to
the London Stock Exchange which are not owed to the
Company, the Directors, Shareholders, or any other
person.
Notes to Editors:
Premier African Minerals
Limited (AIM: PREM) is a multi-commodity mining and natural
resource development company focused on Southern
Africa with its RHA Tungsten and Zulu Lithium projects
in Zimbabwe.
The Company has a diverse portfolio
of projects, which include tungsten, rare earth elements, lithium
and tantalum in Zimbabwe and lithium and gold
in Mozambique, encompassing brownfield projects with near-term
production potential to grass-roots exploration. The Company has
accepted a share offer by Vortex Limited ("Vortex") for the exchange of Premier's
entire 4.8% interest in Circum Minerals
Limited ("Circum"),
the owners of the Danakil Potash
Project in Ethiopia, for a 13.1% interest in the enlarged
share capital of Vortex. Vortex has an interest of 36.7% in
Circum.
Ends