Ormonde Mining Plc

Declaration of Voting Results & Voting Rights Announcements • Feb 13, 2020

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RNS Number : 9547C

Ormonde Mining PLC

13 February 2020

13 February 2020

Ormonde Mining plc

("Ormonde" or "the Company")

Result of EGM

Ormonde announces that the ordinary resolution to approve the disposal of the Company's 30% interest in the Barruecopardo Tungsten Mine, as proposed to shareholders at the Company's Extraordinary General Meeting held in Dublin today, was duly passed.

The resolution was decided on a show of hands. The number of proxy votes assigned to the Chairman of the meeting for and against the resolution were as follows:

	Votes for (including discretion)		Votes against		Total Votes cast
	No. of shares	% of shares voted	No. of shares	% of shares voted	No. of shares	% of issued share capital*
Resolution to approve Proposed Disposal	25,519,060	87.15	3,762,000	12.85	29,281,060	6.21

* The issued share capital of the Company is 472,507,482 ordinary shares of nominal value €0.01 each.

Closing obligations of the parties, including the payment by Oaktree to Ormonde of the €6 million disposal proceeds, are due to be completed in the coming days. In accordance with the Sale and Purchase Agreement, completion must occur within a maximum of 5 business days of Ormonde having received shareholder approval for the disposal.  A further update will be provided once completion has occurred.

Enquiries to:

Ormonde Mining plc

Paul Carroll, Chief Financial Officer

Fraser Gardiner, Chief Operating Officer

Tel: +353 (0)1 8014184

Davy (Nomad, Euronext Growth Advisor and Joint Broker)

John Frain / Barry Murphy

Tel: +353 (0)1 6796363

SP Angel Corporate Finance LLP (Joint Broker)

Ewan Leggat 

Tel: +44 (0)20 3 470 0470

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