First Tin PLC Result of General Meeting
July 29 2024 - 6:27AM
RNS Regulatory News
RNS Number : 2140Y
First Tin PLC
29 July 2024
29
July 2024
First Tin
Plc
("First
Tin" or "the Company")
Result of General
Meeting
First Tin PLC, a tin development
company with advanced, low capex projects in Germany and Australia,
is pleased to announce that all of the resolutions were duly
passed by Shareholders at the General Meeting held today in
connection with the recently announced Fundraising.
The detailed results of the voting
are set out below:
|
Resolution
|
In
favour
|
Against
|
Withheld
|
|
1. TO AUTHORISE THE
DIRECTORS TO ALLOT ORDINARY SHARES
|
156,919,238
|
82,669
|
14,628
|
|
2. TO AUTHORISE THE
DIRECTORS TO DISAPPLY PRE-EMPTION RIGHTS
|
155,267,389
|
1,734,518
|
14,628
|
The Company is pleased to confirm
that, as announced on 10 July 2024, following the passing of all
resolutions, the admission will become effective and dealings in
53,000,000 new ordinary shares of £0.001 each in the capital of the
Company ("Ordinary Shares") (the "Placing Shares") at a price of 4
pence per Ordinary Share, will commence on the Main Market at 8
a.m. on 1 August 2024.
Enquiries:
|
First Tin
|
Via SEC Newgate below
|
|
Bill Scotting - Chief Executive
Officer
|
|
|
Arlington Group Asset Management Limited (Financial Advisor
and Joint Broker and Bookrunner)
|
|
|
Simon Catt
|
020 7389 5016
|
|
|
|
|
Zeus Capital Limited (Joint Broker)
|
|
|
Harry Ansell/Dan Bristowe/Katy
Mitchell
|
020 3829 5000
|
|
|
|
|
SEC
Newgate (Financial Communications)
|
|
|
Elisabeth Cowell / Molly
Gretton
|
07900 248 213
|
Notes to Editors
First Tin PLC is an ethical,
reliable, and sustainable tin production company led by a team of
renowned tin specialists. The Company is focused on becoming a tin
supplier in conflict-free, low political risk jurisdictions through
the rapid development of high value, low capex tin assets in
Germany and Australia, which have been de-risked significantly,
with extensive work undertaken to date.
Tin is a critical metal, vital in
any plan to decarbonise and electrify the world, yet Europe has
very little supply. Rising demand, together with shortages, is
expected to lead tin to experience sustained deficit markets for
the foreseeable future.
First Tin's goal is to use
best-in-class environmental standards to bring two tin mines into
production in three years, providing provenance of supply to
support the current global clean energy and technological
revolutions.
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END
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