Landore Resources Ld - Results of General Meetings
Released
Released
Announcement PDF
RNS Number : 7400W
Landore Resources Limited
20 August 2020
20 August 2020
Landore Resources Limited
("Landore Resources" or the "Company")
Results of General Meetings
and approval of Share Consolidation
Landore Resources Limited (AIM:LND) is pleased to announce that at the Company's
Annual General Meeting ("AGM") and Extraordinary General Meeting ("EGM"), both of
which were held earlier today, all resolutions proposed were passed by shareholders.
Full details of the voting results will be available on the Company's website,
www.landore.com.
Following approval of the resolutions proposed at the EGM, further details of which are
contained in the Circular dated 27 July 2020, the Company is pleased to announce that the
Share Consolidation announced by the Company on 24 July 2020 will become effective at
6.00 p.m. today, with the number of issued ordinary shares of no par value each in the
Company ("Ordinary Shares") being reduced by a multiple of 20. Dealings in the
Company's existing Ordinary Shares will cease at this time.
The New Ordinary Shares will trade on AIM from 8.00 a.m. on 21 August 2020 under the
new International Securities Identification Number code (ISIN) GG00BMX4VR69 and the
SEDOL number BMX4VR6.
Upon the Share Consolidation becoming effective, the 478,222,223 existing warrants
exercisable at 1 pence and the 7,142,857 existing warrants exercisable at 0.875 pence
currently outstanding will be adjusted to 23,911,111 warrants exercisable at 20 pence and
357,142 warrants exercisable at 17.50 pence respectively. Similarly, following the Share
Consolidation, the Company will have a total of 6,712,500 options outstanding.
Following the Share Consolidation and admission of the New Ordinary Shares to trading
on AIM, the total number of shares in issue and voting rights in the Company will be
89,953,835, of which none are held in treasury. The figure of 89,953,835 may be used by
shareholders as the denominator for the calculations by which they will determine if they
are required to notify their interest in, or a change to their interest in the share capital of
the Company under the UK Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
Unless otherwise defined herein, capitalised terms used in this announcement shall have
the same meanings as defined in the circular sent to shareholders of the Company on 27
July 2020.
-ENDSFor more information, please contact:
Landore Resources Limited
Bill Humphries, Chief Executive Officer
Tel: 07734 681262
Glenn Featherby, Finance Director
Tel: 07730 420318
Cenkos Securities plc (Nominated Advisor and Broker)
Derrick Lee / Peter Lynch
Tel: 0131 220 9771
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
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