Uranium Resources PLC Result of General Meeting (9610Z)
20 Décembre 2017 - 2:25PM
UK Regulatory
TIDMURA
RNS Number : 9610Z
Uranium Resources PLC
20 December 2017
20 December 2017
Uranium Resources plc
("Uranium Resources" or "the Company")
Result of General Meeting
Uranium Resources announces that at the General Meeting held
today, all resolutions were passed. Accordingly, further to the
announcement on 4 December 2017, the disposal of the Mtonya Project
to the Company's majority shareholder, Estes Limited, has now
completed.
In addition, the Share Capital Reorganisation is now approved.
As such, each Existing Ordinary Share held by Shareholders on the
record date (4.30 p.m. on 20 December 2017) will be sub-divided
into one ordinary share of 0.01p each and one Deferred Share of
0.09p each. The ordinary shares will then be consolidated on a 1
for 15 basis into New Ordinary Shares of 0.15p each.
Furthermore 7,777,778 New Ordinary Shares and 200,000,000 New
Ordinary Shares have been issued pursuant to the Director
Capitalisations and the Placing respectively.
Application has been made to AIM for the admission to trading of
267,566,611 New Ordinary Shares of 0.15p each, being the Enlarged
Share Capital, which is expected to occur at 8.00 a.m. on 21
December 2017 ("Admission"). Following Admission, the Company will
have 267,566,611 ordinary shares in issue. The figure of
267,566,611 should 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 of their interest in, the
share capital of the Company under the FCA's Disclosure and
Transparency Rules.
Name Change
Approval of the name change to URA Holdings PLC has been
approved by shareholders (TIDM:URA, ISIN:GB00BD2B4T80). A further
announcement will be made in due course regarding this.
AIM Rule 15
The Company is now classified as an AIM Rule 15 cash shell and
as such will be required to make an acquisition or acquisitions
which constitutes a reverse takeover under AIM Rule 14 (including
seeking re-admission as an investing company (as defined under the
AIM Rules)) on or before the date falling six months from
completion of the Disposal or be re-admitted to trading on AIM as
an investing company under the AIM Rules (which requires the
raising of at least GBP6 million) failing which, the Company's New
Ordinary Shares would then be suspended from trading on AIM
pursuant to AIM Rule 40. Admission to trading on AIM would be
cancelled six months from the date of suspension should the reason
for the suspension not have been rectified.
New Board
Alex Gostevskikh will remain on the board alongside Melissa
Sturgess and Peter Redmond. All other directors have resigned with
immediate effect. The following information is disclosed pursuant
to Schedule 2(g) of the AIM Rules for Companies:
Peter Redmond, aged 71
Current Directorships* Directorships held within
the last 5 years
Catalyst Corporate Consultants Be Heard Group Plc
Limited
Energy Investment Opportunities Blenheim Energy Limited
Limited (dissolved)
Hemogenyx Pharmaceuticals Blenheim Wind (UK) Limited
Plc (dissolved)
Pires Investments Plc Blenheim Wind and Biomass
Limited (dissolved)
Devonshire Wind Projects
Limited (dissolved)
Dukemount Capital Plc
EVR Holdings Plc
Kennedy Ventures Plc
Leed Resources Plc
Renewable Power & Light
Limited (in administration)
Satellite Solutions Worldwide
Group Plc
Peter Redmond was a Non-Executive Director of Renewable Power
& Light Limited ("RPL") from 18 May 2010 to 1 December 2014.
Subsequent to Mr Redmond's resignation, RPL was put into
administration by its continuing directors due to a discontinued
litigation resulting from the withdrawal of litigation funding. As
detailed in the Administrator's Progress Report dated 28 November
2017, the non-preferential creditor claims were approximately
GBP2.36 million of which GBP1.34 million was owed to lawyers acting
for RPL with the balance of creditor claims also relating to the
litigation and administration.
Melissa Josephine Sturgess,
aged 51
Current Directorships* Directorships held within
the last 5 years
Hartford Corporate Limited Luiri Gold Mines Ltd
*other than the Company
Peter Redmond and Melissa Sturgess will be interested in 4.2 per
cent. and 8.3 per cent. respectively of the Enlarged Share Capital.
In addition, Mr Redmond and Ms Sturgess have been granted options
in accordance with the Share Option Plan, details of which were
announced on 4 December 2017.
There is no other information that is required to be disclosed
pursuant to Rule 17 and paragraph (g) of Schedule 2 of the AIM
Rules for Companies.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
Capitalised terms not otherwise defined, shall have the same
meanings as set out in the circular sent to Shareholders on 4
December 2017 which is available on the Company's website.
Enquiries
Melissa Sturgess URA Holdings Plc Tel: +44 (0)207
/ Peter Redmond 920 3150
Matthew Johnson Northland Capital Tel: +44 (0)203
/ David Hignell Partners Ltd 861 6625
Lucy Williams Peterhouse Corporate Tel: +44 (0)207
/ Heena Karani Finance Ltd 469 0931
Jos Simson Tavistock (Financial Tel: +44 (0)207
/ Annabel and Investor Relations) 920 3150
de Morgan
This information is provided by RNS
The company news service from the London Stock Exchange
END
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