10th Nov 2025 13:33
10 November 2025
Power Metal Resources PLC
("Power Metal", "POW" or the "Company")
Result of General Meeting
Power Metal Resources PLC (AIM:POW), the London listed natural resources exploration company and project incubator with a global project portfolio, announces the results of its General Meeting held today.
All 5 of the resolutions that were put to members were passed on a poll and passed as special resolutions.
The results of the poll (including proxy votes) are outlined in the table below.
Resolution | Votes for | Votes against |
Resolution 1 (Special) To approve the reduction and cancellation of paid up capital to the extent of £0.009 on each issued Deferred Share.
| 99.96 %
| 0.04%
|
Resolution 2 (Special) To approve the reduction and cancellation of paid up capital to the extent of £0.00099 on each issued Deferred A Share.
| 99.96 %
| 0.04%
|
Resolution 3 (Special) To approve the cancellation of the Company's Share Premium Account. | 99.91% | 0.09% |
Resolution 4 (Special) To approve the cancellation of the Company's Capital Redemption Reserve. | 99.91% | 0.09% |
Resolution 5 (Special) To amend the Company's Articles of Association to reflect the cancellation of the Non-Voting Shares. | 99.91% | 0.09% |
All capitalised terms contained herein have the same definitions as those set out in the circular.
As at 10 November 2025, there were 115,610,437 ordinary shares ("Ordinary Shares") in issue, none of which are held in treasury. 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 General Meeting, published on the Company's website at https://www.powermetalresources.com.
Ordinary Shares
The Share Capital Reduction will not affect the number of Ordinary Shares in issue (which is 115,610,437 on 10 November 2025) nor will it affect their nominal value, or the rights attaching to them. The change relates to the accounting treatment of the Company's Share Premium Account and Capital Redemption Reserve.
For further information please visit https://www.powermetalresources.com or contact:
NOTES TO EDITORS Power Metal Resources plc (AIM: POW, OTCQB: POWMF) is a London-listed natural resources exploration company and project incubator which finances and manages global resource projects and is seeking large scale metal discoveries. The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa, Saudi Arabia, Oman and Australia. Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes. Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work. Value generated through disposals will be deployed internally to drive the Company's growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.
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