TIDMSGZ

RNS Number : 5607O

Scotgold Resources Ltd

21 August 2017

21 August 2017

Scotgold Resources Limited (AIM:SGZ)

("Scotgold" or the "Company")

Result of General Meeting and Share Consolidation

The Company confirms that the resolution put to shareholders at the General Meeting ("GM") held today, 21 August 2017, was carried on a show of hands.

In accordance with Section 251AA (1) of the Corporations Act, the following information is provided in relation to the resolutions considered by shareholders at the GM.

The Company received 38 valid proxies representing 10,231,719 ordinary shares who directed their voting preferences as follows:

 
 No.   Resolution         For      Against   Abstain   Discretionary 
----  --------------  ----------  --------  --------  -------------- 
       Consolidation 
 1.     of Capital     9,819,146   342,001         0          70,572 
----  --------------  ----------  --------  --------  --------------

The company will now undertake a consolidation of share capital on a 100 for 1 basis (the "Share Consolidation"), as set out in the announcement released by the Company at 09:17 a.m. on 21 July 2017, in accordance with the timetable set out below:

 
 Action                                        Date 
--------------------------------------------  ---------- 
 Resolution Approved                           21 August 
                                                2017 
--------------------------------------------  ---------- 
 Last day for pre-Consolidation trading        24 August 
  on AIM                                        2017 
--------------------------------------------  ---------- 
 Last day for Company to register transfers    24 August 
  on a pre-Consolidation basis (Record          2017 
  Date 5pm (BST)) 
--------------------------------------------  ---------- 
 Post-Consolidation trading starts             25 August 
  on AIM                                        2017 
--------------------------------------------  ---------- 
 Consolidation is effected on the Australian   25 August 
  share and UK Depositary Interest registers    2017 
--------------------------------------------  ----------

Statistics relating to the Share Consolidation

 
 New ISIN           AU000XINEAK5 
-----------------  ------------- 
 New SEDOL          BF7TTV8 
-----------------  ------------- 
 TIDM (unchanged)   SGZ 
-----------------  -------------

The Company will make a further announcement in relation to total voting rights once the final number of new ordinary shares in the Company is calculated and confirmed at the record date. For further information please contact:

 
 Scotgold Resources   Stockdale Securities   Capital Markets    Smaller Company 
  Limited              Limited                Consultants        Capital 
                                                                 Ltd 
-------------------  ---------------------  -----------------  ---------------- 
 Richard Gray         Robert Finlay/         Simon Rothschild   Rupert Williams 
  - CEO                Ed Thomas 
-------------------  ---------------------  -----------------  ---------------- 
 Tel: +44 (0)1838     Tel: +44 (0)20         Tel +44 (0)7703    Tel: +44 
  400 306              7601 6100              167 065            (0)20 3651 
                                                                 2911 
-------------------  ---------------------  -----------------  ----------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

August 21, 2017 07:56 ET (11:56 GMT)

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