12 November 2024
Premier African Minerals Limited
Result of General Meeting
Premier African Minerals Limited ("Premier" or the "Company") announces the results of the Company's General Meeting ("GM") held on 11 November 2024.
The special resolution was voted on by way of a poll, and the result of the poll is shown below. The proposed special resolution failed at the GM.
| Resolution | For | % of Votes Cast | Against | % of Votes Cast |
| Disapplication of Pre-emptive provisions. | 7,838,857,355 | 62.86% | 4,632,032,923 | 37.14 |
| Notes: | ||||
The full text of the special resolution was included in the notice of the General Meeting of the Company as announced on 4 October 2024.
The Company will shortly provide a further update on the proposed corporate strategy of the Company following the voting down of the special resolution at the GM, including a pre-emptive offer of shares to shareholders.
A copy of this announcement is available at the Company's website, www.premierafricanminerals.com.
Enquiries:
| George Roach | Premier African Minerals Limited | Tel: +27 (0) 100 201 281 |
| Michael Cornish / Roland Cornish | Beaumont Cornish Limited (Nominated Adviser) | Tel: +44 (0) 20 7628 3396 |
| Douglas Crippen | CMC Markets UK Plc | Tel: +44 (0) 20 3003 8632 |
| Toby Gibbs/Rachel Goldstein | Shore Capital Stockbrokers Limited | Tel: +44 (0) 20 7408 4090 |
Nominated Adviser Statement
Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in connection with this announcement and will not regard any other person as its client and will not be responsible to anyone else for providing the protections afforded to the clients of Beaumont Cornish or for providing advice in relation to such proposals. Beaumont Cornish has not authorised the contents of, or any part of, this document and no liability whatsoever is accepted by Beaumont Cornish for the accuracy of any information, or opinions contained in this document or for the omission of any information. Beaumont Cornish as nominated adviser to the Company owes certain responsibilities to the London Stock Exchange which are not owed to the Company, the Directors, Shareholders, or any other person.
Notes to Editors:
Premier African Minerals Limited (AIM: PREM) is a multi-commodity mining and natural resource development company focused on Southern Africa with its RHA Tungsten and Zulu Lithium projects in Zimbabwe.
The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in Zimbabwe and lithium and gold in Mozambique, encompassing brownfield projects with near-term production potential to grass-roots exploration. The Company has accepted a share offer by Vortex Limited ("Vortex") for the exchange of Premier's entire 4.8% interest in Circum Minerals Limited ("Circum"), the owners of the Danakil Potash Project in Ethiopia, for a 13.1% interest in the enlarged share capital of Vortex. Vortex has an interest of 36.7% in Circum.
Ends
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