Anglesey Mining PLC Annual Financial Report -13-


All the group's leases may be terminated with 12 months' notice. If they are 
not so terminated, the minimum payments due in respect of the leases and 
royalty agreement are analysed as follows: within the year commencing 1 April 
2014 - GBP15,821; between 1 April 2015 and 31 March 2020 - GBP84,168. Thereafter 
the payments will continue at proportionate annual rates, in some cases with 
increases for inflation, so long as the leases are retained or extended. 
 
27 Material non cash transactions 
 
There were no material non-cash transactions in the year. 
 
28 Commitments 
 
Other than commitments under leases (note 26) there is no capital expenditure 
authorised or contracted which is not provided for in these accounts (2013 - 
nil). 
 
29 Contingent liabilities 
 
There are no contingent liabilities (2013 - nil). 
 
30 Events after the period end 
 
On 28 May 2014 the group purchased an indirect 6% holding in Grangesberg Iron 
AB, a company incorporated in Sweden, for a consideration of US$145,000. 
 
Also on 28 May 2014 the group was granted an option over 100% of the share 
capital of Eurang Limited, which itself acquired a 51% interest in Grangesberg 
Iron AB. For details of this option see the Strategic Report on page 4. The 
group has yet to complete an assessment of the financial impact of the 
transaction and therefore is not able to provide the additional disclosures 
required by IFFRS3 paragraph B64. 
 
Since the year end the market value of the group's shareholding in LIM has 
fallen below the amount at which it is held in the statement of financial 
position - see note 14. 
 
Otherwise there are no events after the period end to report. 
 
Notice of AGM 
 
Notice is given that the 2014 annual general meeting of Anglesey Mining plc 
will be held at the offices of the company's lawyers, DLA Piper UK LLP, 1 
London Wall, London, EC2Y 5EA on 30 September 2014 at 11.00 a.m. to consider 
and, if thought fit, to pass the following resolutions. Resolutions 1 to 13 
will be proposed as ordinary resolutions and resolution 14 will be proposed as 
a special resolution: 
 
As ordinary business 
 
To receive the annual accounts and directors' and auditor's reports for the 
year ended 31 March 2013 
 
To approve the directors' remuneration policy report for the year ended 31 
March 2013 
 
To approve the directors' remuneration report for the year ended 31 March 2013 
 
To reappoint John F. Kearney as a director 
 
To reappoint Bill Hooley as a director 
 
To reappoint David Lean as a director 
 
To reappoint Howard Miller as a director 
 
To reappoint Roger Turner as a director 
 
To reappoint Danesh Varma as a director 
 
To reappoint Mazars LLP as auditor 
 
To authorise the directors to determine the remuneration of the auditor 
 
As special business 
 
12. To approve the adoption of the Anglesey Mining plc 2014 Unapproved Share 
Option Scheme ("the Scheme") the proposed rules of which are provided 
following this notice and to authorise the directors to do all acts and things 
necessary to establish the Scheme. 
 
13. That, pursuant to section 551 of the Companies Act 2006 ("Act"), the 
directors be and are generally and unconditionally authorised to exercise all 
powers of the Company to allot shares in the Company or to grant rights to 
subscribe for or to convert any security into shares in the Company up to an 
aggregate nominal amount of GBP840,000, provided that (unless previously 
revoked, varied or renewed) this authority shall expire on 31 December 2015, 
save that the Company may make an offer or agreement before this authority 
expires which would or might require shares to be allotted or rights to 
subscribe for or to convert any security into shares to be granted after this 
authority expires and the directors may allot shares or grant such rights 
pursuant to any such offer or agreement as if this authority had not expired. 
 
This authority is in substitution for all existing authorities under section 
551 of the Act (which, to the extend unused at the date of this resolution, 
are revoked with immediate effect). 
 
14. That pursuant to section 570 of the Act, the directors be and are 
generally empowered to allot equity securities (within the meaning of section 
560 of the Act) for cash pursuant to the authority granted under section 551 
of the Act pursuant to resolution 13 above as if section 561(1) of the Act did 
not apply to any such allotment, provided that this power shall be limited to 
the allotment of equity securities: 
 
(a) in connection with an offer of equity securities (whether by way of a 
rights issue, open offer or otherwise) (i) to holders of ordinary shares in 
the capital of the company in proportion (as nearly as practicable) to the 
respective numbers of ordinary shares held by them; and (ii) to holders of 
other equity securities in the capital of the company, as required by the 
rights of those securities or, subject to such rights, as the directors 
otherwise consider necessary but subject to such exclusions or other 
arrangements as the directors may deem necessary or expedient in relation to 
treasury shares, fractional entitlements, record dates or any legal or 
practical problems under the laws of any territory or the requirements of any 
regulatory body or stock exchange; and 
 
(b) otherwise than pursuant to paragraph 14(a) above, up to an aggregate 
nominal amount of GBP401,500 
 
and (unless previously revoked, varied or renewed) this power shall expire on 
31 December 2015, save that the Company may make an offer or agreement before 
this power expires which would or might require equity securities to be 
allotted for cash after this power expires and the directors may allot equity 
securities for cash pursuant to any such offer or agreement as if this power 
had not expired. This power is in substitution for all existing powers under 
section 570 of the Act which, to the extent effective at the date of this 
resolution, are revoked with immediate effect. 
 
By order of the board 
 
Danesh Varma 
 
Company secretary 
 
30 July 2014 
 
Notes to the notice of AGM 
 
Entitlement to attend and vote 
 
1. The right to vote at the meeting is determined by reference to the register 
of members. Only those shareholders registered in the register of members of 
the Company as at 6.00 p.m. on 26 September 2014 (or, if the meeting is 
adjourned, 48 hours (excluding any part of a day that is not a working day) 
before the date and time of the adjourned meeting) shall be entitled to attend 
and vote at the meeting in respect of the number of shares registered in their 
name at that time. Changes to entries in the register of members after that 
time shall be disregarded in determining the rights of any person to attend or 
vote (and the number of votes they may cast) at the meeting. 
 
Proxies 
 
2. A shareholder is entitled to appoint another person as his or her proxy to 
exercise all or any of his or her rights to attend and to speak and vote at 
the meeting. A proxy need not be a member of the Company. A shareholder may 
appoint more than one proxy in relation to the meeting, provided that each 
proxy is appointed to exercise the rights attached to a different share or 
shares held by that shareholder. Failure to specify the number of shares each 
proxy appointment relates to or specifying a number which when taken together 
with the numbers of shares set out in the other proxy appointments is in 
excess of the number of shares held by the shareholder may result in the proxy 
appointment being invalid. A proxy may be appointed only in accordance with 
the procedures set out in note 3 and the notes to the proxy form. The 
appointment of a proxy will not preclude a shareholder from attending and 
voting in person at the meeting. 
 
3. A form of proxy is enclosed. When appointing more than one proxy, complete 
a separate proxy form in relation to each appointment. Additional proxy forms 
may be obtained by contacting the Company's registrar Capita Asset Services, 
Proxies, The Registry, 34 Beckenham Road, Kent BR3 4TU or the proxy form may 
be photocopied. State clearly on each proxy form the number of shares in 
relation to which the proxy is appointed. To be valid, a proxy form must be 
received by post or (during normal business hours only) by hand at the offices 
of the Company's registrar, Capita Asset Services, Proxies, The Registry, 34 
Beckenham Road, Kent BR3 4TU, no later than 11.00 a.m. on 26 September 2014 
(or, if the meeting is adjourned, no later than 48 hours (excluding any part 
of a day that is not a working day) before the time of any adjourned meeting). 
 
Corporate representatives 
 
4. A shareholder which is a corporation may authorise one or more persons to 
act as its representative(s) at the meeting. Each such representative may 
exercise (on behalf of the corporation) the same powers as the corporation 
could exercise if it were an individual shareholder, provided that (where 
there is more than one representative and the vote is otherwise than on a show 
of hands) they do not do so in relation to the same shares. 
 
Total voting rights 
 
5. As at 14 July 2014 (being the last practicable date before the publication 
of this notice), the issued share capital consists of 160,608,051 ordinary 
shares of GBP0.01 each, carrying one vote each and 21,529,451 Deferred A Shares 
and 116,241,384 Deferred B Shares which do not carry any rights to vote. 
Therefore, the total voting rights as at 14 July 2014 are 160,608,051. 
 
Nominated Persons 
 
6. Where a copy of this notice is being received by a person who has been 
nominated to enjoy information rights under section 146 of the Companies Act 
2006 ("Act") ("Nominated Person"): 
 
(a) the Nominated Person may have a right under an agreement between him/her 
and the shareholder by whom he/she was nominated, to be appointed, or to have 
someone else appointed, as a proxy for the meeting; or 
 
(b) if the Nominated Person has no such right or does not wish to exercise 
such right, he/she may have a right under such an agreement to give
Anglesey Mining (LSE:AYM)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024