Result of Annual General Meeting
14 June 2024
Beowulf Mining Plc
("Beowulf" or the "Company")
Result of Annual General Meeting
The Annual General Meeting of Beowulf Mining Plc (AIM:BEM; Spotlight:BEO) was held at 4 More London Riverside, London, SE1 2AU, United Kingdom on 14 June 2024 at 9:00 a.m.
All 12 resolutions put to members were passed on a poll. Resolutions 1 to 9 were passed as ordinary resolutions and resolutions 10, 11 and 12 were passed as special resolutions.
The number of votes cast for and against each of the resolutions proposed, and the number of votes withheld were as follows:
| Resolution | Votes for | % | Votes against | % | Votes withheld |
| Resolution 1 (Ordinary)To receive and consider the Company's audited accounts for the year ended 31 December 2023 and the directors' and auditors' reports thereon | 59,809,760 | 94.82 | 3,265,977 | 5.18 | 4,234,020 |
| Resolution 2 (Ordinary)To receive the Directors' remuneration report for the financial year ended 31 December 2023 | 59,586,922 | 94.60 | 3,402,947 | 5.40 | 4,319,888 |
| Resolution 3 (Ordinary)To elect Edward Bowie as a director of the Company | 62,690,230 | 94.67 | 3,529,024 | 5.33 | 1,090,503 |
| Resolution 4 (Ordinary)To elect Johan Mikael Schauman as a director of the Company | 62,508,803 | 94.66 | 3,529,024 | 5.34 | 1,271,930 |
| Resolution 5 (Ordinary)To re-elect Christopher Davies as a director of the Company | 62,508,803 | 94.66 | 3,529,024 | 5.34 | 1,271,930 |
| Resolution 6 (Ordinary)To re-appoint BDO LLP as auditor of the Company | 59,334,681 | 94.43 | 3,503,146 | 5.57 | 4,471,930 |
| Resolution 7 (Ordinary)To authorise the Directors to determine the fees payable to the auditor | 59,307,807 | 94.38 | 3,530,020 | 5.62 | 4,471,930 |
| Resolution 8 (Ordinary)To authorise the Directors to allot shares in the Company | 59,450,760 | 94.33 | 3,570,203 | 5.67 | 4,288,794 |
| Resolution 9 (Ordinary)To approve the proposed share consolidation | 59,398,943 | 89.62 | 6,876,794 | 10.38 | 1,034,020 |
| Resolution 10 (Special)To disapply pre-emption rights generally | 59,276,088 | 94.38 | 3,530,311 | 5.62 | 4,503,358 |
| Resolution 11 (Special)Further disapplication of pre-emption rights as set out in the Notice of Meeting | 59,219,605 | 94.29 | 3,586,794 | 5.71 | 4,503,358 |
| Resolution 12 (Special)To approve the adoption of the New Articles | 62,697,371 | 94.68 | 3,521,883 | 5.32 | 1,090,503 |
As at 14 June 2024, there were 1,942,239,479 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.
The full text of each resolution is available in the Notice of Annual General Meeting, published on the Company’s website.
Share Consolidation
The passing of Resolution 9 (above) authorises the Directors to consolidate the shares of the Company.
Following the approval of Resolution 9, the Consolidation Resolution, every 50 ordinary shares of £0.001 each (the "Existing Shares") that are in issue as at 6.00 p.m. (BST) on 14 June 2024 will be consolidated into one new ordinary share of £0.05 (5 pence) (the "New Ordinary Shares"). To effect the consolidation, it is necessary to issue 21 new Existing Shares to SP Angel Corporate Finance LLP (the Company's joint broker) so that, immediately prior to the consolidation, the Company's issued share capital will be exactly divisible by 50.
Other than the change in nominal value, the New Ordinary Shares arising on implementation of the Share Consolidation will have the same rights as the Existing Ordinary Shares, including voting and other rights.
The New Ordinary Shares will be admitted to trading on AIM from 8.00 a.m. (BST) on 17 June 2024 ("Admission") with ISIN GB00BQ1LGQ19 and SEDOL code BQ1LGQ1.
Total Voting Rights
Following Admission, the Company's issued share capital will comprise 38,844,790 New Ordinary Shares with voting rights. This figure of 38,844,790 New Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.
Enquiries:
Beowulf Mining plc
Ed Bowie, Chief Executive Office ed.bowie@beowulfmining.com
SP Angel
(Nominated Adviser & Joint Broker)
Ewan Leggat / Stuart Gledhill / Adam Cowl Tel: +44 (0) 20 3470 0470
Alternative Resource Capital
(Joint Broker)
Alex Wood Tel: +44 (0) 20 7186 9004
BlytheRay
Tim Blythe / Megan Ray Tel: +44 (0) 20 7138 3204