TIDMKAT

RNS Number : 0730T

Katoro Gold PLC

15 March 2023

Katoro Gold PLC (Incorporated in England and Wales )

( Registration Number: 9306219)

Share code on AIM: KAT

ISIN: GB00BSNBL022

("Katoro" or "the Company")

15 March 2023

Katoro Gold plc ('Katoro' or the 'Company')

Result of General Meeting

Katoro Gold PLC (AIM: KAT), the AIM listed gold and nickel exploration and development company, is pleased to announce that it held its general meeting (the "General Meeting" or "GM") today and all resolutions were duly passed by the required majority by means of a poll vote.

The results of the poll votes on the resolutions are shown in the table below:

 
 Resolution                           For                Against         Withheld   Total votes 
                                                                                        cast 
                                No. of        %       No. of       % 
                                 votes                 votes 
                             ------------  ------  -----------  ------  ---------  ------------ 
 1. Ordinary Resolution 
  - to approve subdivision 
  of share capital            100,315,096   79.30   26,181,205   20.70   157,040    126,496,301 
                             ------------  ------  -----------  ------  ---------  ------------ 
 2. Special Resolution 
  - to amend Articles 
  of Association              100,337,865   79.32   26,166,205   20.68   149,271    126,504,070 
                             ------------  ------  -----------  ------  ---------  ------------ 
 3. Ordinary Resolution 
  - to authorise 
  the Directors 
  to allot shares             124,696,926   98.57   1,807,144    1.43    149,271    126,504,070 
                             ------------  ------  -----------  ------  ---------  ------------ 
 4. Special Resolution 
  - to authorise 
  the Directors 
  to disapply pre-emption 
  rights                      124,696,926   98.57   1,807,144    1.43    149,271    126,504,070 
                             ------------  ------  -----------  ------  ---------  ------------

Notes:

1. A 'Vote withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' any resolution.

2. The Company's total ordinary shares in issue (total voting rights) as at the date of the GM was 460,412,593 ordinary shares of GBP0.01 each. Ordinary shareholders are entitled to one vote per ordinary share held.

   3.     Resolutions 2 and 4 were passed as special resolutions.

Statement regarding GM voting results

The Board notes that both Resolution 1 and 2 received more than 20% of votes against each resolution.

The Board believes that the proposed subdivision of share capital will provide the Company with more flexibility regarding its future funding options and improve trading liquidity in a very challenging market. Nonetheless, the Board notes the concerns raised by some shareholders and will reflect on feedback received, whilst maintaining focus on alignment with the best interests of shareholders and also with the Company's growth ambitions and strategy to capture market share over the long term.

Admission to AIM

Application has been made for the Admission of the Ordinary Shares of GBP0.001 each resulting from the subdivision (the "New Ordinary Shares"), with such Admission expected to become effective on or around 16 March 2023. Following Admission, the share capital of the Company will comprise 460,412,593 New Ordinary Shares of GBP0.001 each.

Each New Ordinary Share has one voting right. No New Ordinary Shares are held in treasury. Accordingly, the total number of voting rights will be 460,412,593 and this figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Katoro under the FCA's Disclosure Guidance and Transparency Rules.

**ENDS**

For further information please visit www.katorogold.com or contact:

 
 Louis Coetzee     louisc@katorogold.com           Katoro Gold plc       Executive Chairman 
 James Biddle      +44 (0)207 628 3396             Beaumont Cornish      NOMAD on AIM 
  Felicity Geidt                                    Limited 
                  ------------------------------  --------------------  ------------------- 
 Nick Emmerson     +44 (0) 1483 413 500            SI Capital Ltd        Broker 
  Sam Lomanto 
                  ------------------------------  --------------------  ------------------- 
 Zainab Slemang    zainab@lifacommunications.com   Lifa Communications   Investor and 
  van Rijmenant                                                           Media Relations 
                                                                          Adviser 
                  ------------------------------  --------------------  -------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMJAMMTMTJBBIJ

(END) Dow Jones Newswires

March 15, 2023 06:35 ET (10:35 GMT)

Katoro Gold (LSE:KAT)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Katoro Gold Charts.
Katoro Gold (LSE:KAT)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Katoro Gold Charts.