TIDMMNC
RNS Number : 4430P
Metminco Limited
29 May 2018
AIM ANNOUNCEMENT 29 May 2018
METMINCO Results of AGM
Metminco Limited ("Metminco" or the "Company") (ASX: MNC; AIM:
MNC) provides the following results from the Company Annual General
Meeting ("Meeting") held on 28(th) May 2018. The Company advises
that, members unanimously approved all resolutions set out in the
Notice of Meeting on a show of hands at the Annual General Meeting
held on 28 May 2018.
In accordance with ASX Listing Rule 3.13.2 and Section 251AA of
the Corporations Law, set out below are the total number of proxy
votes validly received which were exercisable in respect of each
resolution considered at the Meeting and the manner in which those
appointments specified that the proxies vote.
Resolution For Open at Against Abstain/Exempt
Chairman's
discretion
---------------------- ----------- ------------ ---------- ---------------
Remuneration Report 38,923,474 529,938 3,684,157 1,099,553
---------------------- ----------- ------------ ---------- ---------------
Re-election - Kevin
Wilson 45,117,188 545,669 639,880 26,063
---------------------- ----------- ------------ ---------- ---------------
Election - Glenister
Lamont 47,731,271 545,669 580,065 23,107
---------------------- ----------- ------------ ---------- ---------------
Ratification 15%
Placement 36,594,645 545,669 739,798 1,000,000
---------------------- ----------- ------------ ---------- ---------------
Approval Placement
Options 33,782,077 546,883 3,551,031 1,000,121
---------------------- ----------- ------------ ---------- ---------------
Approval Underwriter
Options 35,052,639 553,250 6,249,438 1,000,121
---------------------- ----------- ------------ ---------- ---------------
Ratification -
Lanstead Shares 46,587,036 553,250 635,547 1,104,279
---------------------- ----------- ------------ ---------- ---------------
Ratification -
Redfield Options 40,980,571 553,250 6,244,648 1,101,643
---------------------- ----------- ------------ ---------- ---------------
Approval - Long
Term Incentive
Plan 40,326,551 1,120,669 3,773,140 1,108,440
---------------------- ----------- ------------ ---------- ---------------
Approval Performance
Rights - Kevin
Wilson 40,984,949 553,250 3,789,853 3,552,060
---------------------- ----------- ------------ ---------- ---------------
Approval Options
- Roger Higgins 41,958,347 553,250 3,749,853 2,618,662
---------------------- ----------- ------------ ---------- ---------------
Approval Options
- Glenister Lamont 43,475,025 553,250 3,749,853 1,101,984
---------------------- ----------- ------------ ---------- ---------------
The Company provides the following additional disclosure
relating to the appointment of Mr Glenister Lamont as director of
Metminco, effective 28 May 2018:
Mr. Glenister Lamont, aged 61, currently holds or has held the
following directorships and partnerships over the last five
years:
Current directorships Past directorships
and partnerships
------------------------- ----------------------------
Golden Rim Resources Ltd Lort Smith
------------------------- ----------------------------
Quantum Graphite Operations
Alexcal Pty Ltd Pty Ltd
------------------------- ----------------------------
Logmaor Pty Ltd Quantum Graphite Limited
------------------------- ----------------------------
Glenrosa Development Pty Strategic Energy Resources
Ltd Limited
------------------------- ----------------------------
Strategic Nickel Pty Ltd
------------------------- ----------------------------
Mr. Lamont has the following interests in securities of Metminco
at the date of this announcement:
-- 1,875,000 fully paid ordinary shares representing an interest of 0.21%
-- 625,000 options at with an exercise price of A$0.011 and expiry date 1 June 2020
-- 14,400,000 options approved at the Meeting subject to the
following conditions and on the following terms:
o Tranche 1: 4,800,000 options vesting on Metminco achieving a
30 day Volume Weighted Average Price ("VWAP") of A$0.012 before an
expiry date of 31 December 2018 and with an exercise price of
A$0.012 per option;
o Tranche 2: 4,800,000 options vesting on Metminco achieving a
30 day VWAP of A$0.016 cents before an expiry date of 31 December
2019 and with an exercise price of A$0.016 per option; and
o Tranche 3: 4,800,000 options vesting on Metminco achieving a
30 day VWAP of A$0.024 before an expiry date of 31 December 2020
and with an exercise price of A$0.024 per option.
Except as disclosed in this announcement, neither the Company
nor Mr. Lamont are aware of any further disclosures that are
required in respect of the appointment of Mr. Glenister Lamont
under Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for
Companies.
Mr Kevin Wilson has the following interests in securities at the
date of this announcement.
-- 2,551,312 fully paid ordinary shares representing an interest of 0.28%;
-- 850,436 options at with an exercise price of A$0.011 and expiry date 1 June 2020;
-- 4,166,667 Underwriter options, from resolution 6 of the AGM,
with an exercise price of A$0.011 and expiry date 1 June 2020;
and
-- 58,000,000 Performance Rights approved at the Meeting with the following conditions:
--
o Tranche 1 - 11,600,000 Performance Rights vesting on Metminco
achieving a 30 day VWAP of A$0.012 before December 31, 2018;
o Tranche 2 - 11,600,000 Performance Rights vesting on Metminco
achieving a 30 day VWAP of A$0.016 before December 31, 2019;
o Tranche 3 - 11,600,000 Performance Rights vesting on delivery
of a Resource of at least 1 million ounces gold at Tesorito before
December 31, 2019;
o Tranche 4 - 11,600,000 Performance Rights vesting on Metminco
achieving a 30 day VWAP of A$0.024 before December 31, 2020;
and
o Tranche 5 - 11,600,000 Performance Rights vesting on delivery
of a Resource of at least 1 million ounces gold at Chuscal before
December 31, 2020.
Dr. Roger Higgins has the following interests directly or
indirectly in securities of Metminco at the date of this
announcement:
-- 1,516,678 fully paid ordinary shares representing an interest of 0.17%;
-- 417,637 options at with an exercise price of A$0.011 and expiry date 1 June 2020; and
-- 14,400,000 options approved at the Meeting subject to the
following conditions and on the following terms:
o Tranche 1: 4,800,000 options vesting on Metminco achieving a
30 day VWAP of A$0.012 before an expiry date of 31 December 2018
and with an exercise price of A$0.012 per option;
o Tranche 2: 4,800,000 options vesting on Metminco achieving a
30 day VWAP of A$0.016 cents before an expiry date of 31 December
2019 and with an exercise price of A$0.016 per option; and
o Tranche 3: 4,800,000 options vesting on Metminco achieving a
30 day VWAP of A$0.024 before an expiry date of 31 December 2020
and with an exercise price of A$0.024 per option.
The Company also advises that Mr. Francisco Vergara-Irarrazaval
has stepped down from the Company's board, effective 28 May 2018,
as he did not stand for re-election at the Meeting as previously
advised. The Company thanks Mr. Vergara-Irarrazaval for his
contributions.
Yours faithfully
Geoffrey Widmer
Joint Company Secretary
For further information,
please contact:
METMINCO LIMITED
Kevin Wilson Mobile: +61 (0) 409
942 355
Geoffrey Widmer Mobile: +61 (0) 419
301 601
Andrew Metcalfe Mobile: +61 (0) 412
125 090
NOMINATED ADVISOR AND BROKER
RFC Ambrian
Australia
Andrew Thomson/Alena Broesder Office: +61 (0) 2
9250 0000
United Kingdom
Charlie Cryer Office: +44 (0) 20
3440 6800
JOINT BROKER
SP Angel Corporate Finance
LLP (UK)
Ewan Leggat Office: +44 (0) 20
3470 0470
PUBLIC RELATIONS
Camarco
United Kingdom
Gordon Poole / Nick Hennis Office: + 44 (0) 20
3757 4997
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.
END
RAGEASSNAESPEEF
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