27 October 2026
Ormonde Mining plc
("Ormonde" or the "Company")
Result of EGM
&
Capital Reorganisation
Ormonde Mining plc (AQSE: ORM), the natural resources company with investment exposure to outstanding gold exploration assets, announces that all resolutions proposed at the Extraordinary General Meeting ("EGM") of the Company held earlier today were duly passed. The results of the voting follow in the appendix to this announcement.
Total Voting Rights
As all the resolutions relating to the Capital Reorganisation were passed at the EGM, each of the Company's 477,507,482 existing issued ordinary shares of €0.01 each ("Pre-Existing Ordinary Shares") has been subdivided into one new ordinary share of €0.00001 ("New Ordinary Shares") and one B Deferred Share of €0.00999. The resulting 477,507,482 New Ordinary Shares of €0.00001 each were then consolidated on the basis of one New Ordinary Share for every 50 Pre-Existing Ordinary Shares, resulting in a new issued share capital 9,550,150 New Ordinary Shares of €0.0005 each, each with one voting right and 477,507,482 deferred shares comprising the B Deferred Shares which carry no voting or dividend rights. The B Deferred Shares will not be admitted to trading on the Aquis Growth Market.
As set out in the Circular to shareholders dated 5 October 2026, shareholders with a current holding of 150 New Ordinary Shares or less (this being approximately £20 in value at the current market price of the Pre-Existing Ordinary Shares) will cease to be shareholders of the Company and their New Ordinary Shares will be aggregated and sold in the market with the proceeds donated to a suitable registered charity or charities.
It is expected that admission of the New Ordinary Shares to trading on the Aquis Growth Market will become effective at 8.00 a.m. on or around 28 October 2026.
The above figure of 9,550,150 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
As a result of the Consolidation, the Company's ISIN will change from IE00BF0MZF04 to IE000N7GHDG0. The Company's SEDOL remains unchanged.
Enquiries:
Ormonde Mining plc
Brian Timmons, Chairman / Brendan McMorrow, CEO
Tel: +353 1 8014184
Vigo Consulting (Investor Relations)
Ben Simons / Fiona Hetherington
Tel: +44 (0)20 7390 0230
AlbR Capital Limited (Aquis Corporate Adviser)
David Coffman
Tel: +44 (0)20 7469 0930
About Ormonde Mining
Ormonde is a natural resources company delivering exposure to outstanding gold exploration projects. Ormonde's portfolio comprises:
· A 36.3% equity interest in TRU Precious Metals (TSXV: TRU), which is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt in Canada, funded by Eldorado Gold Corporation (NYSE: EGO, TSX: ELD - US$10.6 billion market cap) which has optioned the project
· A 100% interest in two gold exploration licences in the Zamora province in western Spain, for which the Company is advancing value enhancing options
· An 18.9% equity interest in Peak Nickel Limited, which is exploring for battery metals at the Rodburn Target-Portsoy Project in Aberdeenshire with indications of a significant deposit, fully funded by Winshear Gold Corp. (TSXV: WINS) which has optioned the project
Ormonde's shares are listed on the Aquis Stock Exchange Growth Market under the symbol AQSE: ORM.
For more information, visit the Company's website at www.ormondemining.com.
The Directors of the Company accept responsibility for the contents of this announcement.
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Appendix
|
RESOLUTION |
VOTES FOR |
% |
VOTES AGAINST |
% |
VOTES TOTAL** |
% of ISC* |
VOTES WITHELD |
|
Resolution 1 (O) To approve the sub-division of the existing ordinary shares |
120,115,367 |
99.95% |
54,587 |
0.05% |
120,169,954 |
25.17% |
50,000 |
|
Resolution 2 (O) To approve the consolidation of the Ordinary Shares |
120,115,367 |
99.95% |
54,587 |
0.05% |
120,169,954 |
25.17% |
50,000 |
|
Resolution 3 (S) To amend the Articles of Association in respect of the authorised share capital and the rights attaching to the Deferred Shares |
120,115,367 |
99.95% |
54,587 |
0.05% |
120,169,954 |
25.17% |
50,000 |
|
Resolution 4 (O) To authorise the directors to allot relevant securities |
120,115,367 |
99.95% |
54,587 |
0.05% |
120,169,954 |
25.17% |
50,000 |
|
Resolution 5 (S) To authorise the directors to allot equity securities for cash on a non-pre-emptive basis |
120,115,367 |
99.95% |
54,587 |
0.05% |
120,169,954 |
25.17% |
50,000 |
|
Resolution 6 (S) To amend the Articles of Association to permit the sale of small holdings arising from a reorganisation of share capital |
120,115,367 |
99.95% |
54,587 |
0.05% |
120,169,954 |
25.17% |
50,000 |
Notes:
1. The "For" Proxy vote includes those giving the Chair of the AGM discretion
2. A vote "Withheld" is not a vote in law and is not included in the proxy votes "For" or "Against" the resolution