Kenmare Warrant Underwriting Agreed and Warrantholder EGM Result
(Thomson Reuters ONE) - Kenmare Resources plc ("Kenmare" or "the Company")20th November, 2009 Kenmare Warrant Underwriting Agreed and Warrantholder EGM ResultKenmare is pleased to announce that it has entered into an agreementwith an existing institutional shareholder in Kenmare ("theUnderwriter"), whereby the Underwriter has committed to subscribe forup to 26,370,553 outstanding warrants, which have not been exercisedprior to 31 December 2009 at the warrant exercise price of Stg19p.Each warrant entitles the holder to subscribe for one ordinary sharein the Company, representing in aggregate approximately 3.0% of theexisting issued share capital of the Company. Exercise in full of theoutstanding warrants would raise approximately Stg£5 million for theCompany. This arrangement will secure the funds represented by thewarrants for the Company and does not impact on the existing rightsof Warrantholders to exercise their warrants. As the Companycontinues to ramp-up production at the Moma Mine, the funds raised byexercise of the warrants will be available for working capitalpurposes and to provide further financial resources to the Company.An Extraordinary General Meeting (EGM) of Warrantholders was heldtoday. As anticipated, the meeting was adjourned due to aninsufficient quorum of Warrantholders being present. As set out inthe circular to Warrantholders issued on 27 October 2009, the EGMwill be reconvened at 11.00 a.m. on 30 November 2009 at the Company'soffices at Chatham House, Chatham Street, Dublin 2. At this adjournedmeeting, one or more persons present in person holding Warrantsand/or being proxies will form a quorum.The proposed resolution for the EGM, approval of which is a conditionof the agreement with the Underwriter, enables the transfer ofwarrants which are unexercised by 31 December 2009.Proxy votes received are as follows:Votes received in favour of the resolution: 5,481,448Votes received against the resolution: 26,733Votes Withheld: 862,620Additional detail of proposed resolution is available in the circularissued to Warrantholders which is also available on the Kenmarewebsite: www.kenmareresources.comFor more information:Kenmare Resources plcMichael Carvill, Managing DirectorTel: +353 1 6710411Mob: + 353 87 674 0110Tony McCluskey, Financial DirectorTel: +353 1 6710411Mob: + 353 87 6740346 www.kenmareresources.com---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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" alt="EXETER CLOSES C$50 MILLION EQUITY FINANCINGDatum: 20.11.2009 - 15:19 Uhr
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