URANIUM RESOURCES PLC NOTICE IS HEREBY GIVEN THAT the annual general meeting of Uranium Resources plc, a company incorporated in England and Wales under the Companies Act 1985 with Registered Number 5329401 (the "Company") will be held at the offices of Shakespeare Martineau LLP, 5th Floor, One America Square, Crosswall,
London EC3N 2SG on Thursday 17th December 2015 at 11.00 am for the transaction of the following business:
To receive and adopt the report of the directors and the financial statements of the Company for the year ended 30th June 2015 and the report of the auditors thereon.
To re-elect, as a director of the Company, Mr James Pratt, who retires in accordance with Article 25.2 of the Company's Articles of Association and offers himself for re-election.
To re-elect, as a director of the Company, Mr Mark Purits, who retires in accordance with Article 20.2 of the Company's Articles of Association and offers himself for re-election.
To re-appoint UHY Hacker Young LLP as auditors and to authorise the directors to determine their remuneration.
SPECIAL BUSINESSTo consider, and if thought fit, to pass the following resolutions, of which resolution 5 will be proposed as an Ordinary Resolution and resolution 6 as a Special Resolution:
THAT the directors be and they are hereby generally and unconditionally authorised pursuant to Section 551 of the Companies Act 2006 ("the Act"), in substitution for all previous powers granted to them, to exercise all the powers of the Company to allot and make offers to allot relevant securities (within the meaning of the Act) or grant rights to subscribe for or convert any securities into shares in the Company ("Rights") up to an aggregate nominal amount of £1,000,000.00 such authority shall, unless previously revoked or varied by the Company in general meeting, expire on the conclusion of the Annual General Meeting of the Company to be held in 2016 provided that the Company may, at any time before such expiry, make an offer or enter into an agreement which would or might require relevant securities to be allotted or Rights granted after such expiry and the directors may allot relevant securities pursuant to any such offer or agreement as if the authority conferred hereby had not expired.
THAT conditional on the passing of resolution 5 above, the directors be and they are hereby empowered pursuant to Section 570 of the Act to allot equity securities (as defined in Section 560 of the Act) for cash pursuant to the authority conferred by Resolution 5 above as if Section 561(1) of the Act did not apply to any such allotment, provided that this power shall be limited to:-
the allotment of equity securities in connection with an issue in favour of shareholders where the equity securities respectively attributable to the interests of all such shareholders are proportionate (or as nearly as may be practicable) to the respective number of Ordinary Shares in the capital of the Company held by them on the record date for such allotment, but subject to such exclusions or other arrangements as the directors may deem necessary or expedient in relation to fractional entitlements or legal or practical problems under the laws of, or the requirements of, any recognised regulatory body or any stock exchange, in any territory; and
the allotment (otherwise than pursuant to sub-paragraph (a) above) of further equity securities up to an aggregate nominal amount of £1,000,000.00;
Members are entitled to appoint a proxy to exercise all or any of their rights to attend and to speak and vote on their behalf at the meeting. A proxy need not be a shareholder of the Company. A shareholder may appoint more than one proxy in relation to the Annual General Meeting provided that each proxy is appointed to exercise the rights attached to a different share or shares held by that shareholder. Should you wish to appoint more than one proxy please return this form and attach to it a schedule detailing the names of the proxies you wish to appoint, the number of shares each proxy will represent and the way in which you wish them to vote on the resolutions that are to be proposed. To be valid, the form of proxy and the power of attorney or other authority (if any) under which it is signed or a certified copy of such power or authority must be lodged at the offices of the Company Secretary, Uranium Resources plc, One America Square, Crosswall, London EC3N 2SG by hand, or sent by post, so as to be received not less than 48 hours (excluding any part of a day which is not a working day) before the time fixed for the holding of the meeting or any adjournment thereof (as the case may be).
Any member entitled to attend and vote at the meeting may appoint one or more proxies to attend and, on a poll, vote instead of him. A proxy need not also be a member.
The completion and return of a form of proxy will not preclude a member from attending in person at the meeting and voting should he wish to do so.
The Company has specified that only those members entered on the register of members at 6pm on 15th December 2015
shall be entitled to attend and vote at the meeting in respect of the number of ordinary shares of 0.1p each in the capital of the Company held in their name at that time. Changes to the register after 6pm on 15th December 2015 shall be disregarded in determining the rights of any person to attend and vote at the meeting.
- Resolution 2 - Article 25.2 of the Company's Articles of Association require that one third of the directors of the Company who have held office since the last Annual General Meeting, must retire and, if they are eligible, may offer themselves for re-election.
- Resolution 3 - Having been appointed since the last Annual General Meeting, Mr Mark Purits must retire in accordance with Article 20.2 of the Company's Articles of Association, and being eligible is offering himself for re-election.
Resolution 5 - As required by the Act, this resolution, to be proposed as an Ordinary Resolution, relates to the grant to the directors of authority to allot unissued Ordinary Shares until the conclusion of the Annual General Meeting to be held in 2016, unless the authority is renewed or revoked prior to such time. This authority is limited to a maximum of 1,000,000,000 Ordinary Shares and replaces the existing authority granted at the Annual General Meeting held on 19th December 2014.
Resolution 6 - The Act requires that if the directors decide to allot unissued Ordinary Shares in the Company the shares proposed to be issued be first offered to existing shareholders in proportion to their existing holdings. This is known as shareholders' pre-emption rights. However, to act in the best interests of the Company the directors may require flexibility to allot shares for cash without regard to the provisions of Section 561(1) of the Act. Therefore this resolution, to be proposed as a Special Resolution, seeks authority to enable the directors to allot equity securities up to a maximum of 1,000,000,000 Ordinary Shares. This authority replaces the existing authority granted at the Annual General Meeting held on 19th December 2014 and expires at the conclusion of the Annual General Meeting to be held in 2016.
provided that this power shall, unless previously revoked or varied by special resolution of the Company in general meeting, expire at the conclusion of the Annual General Meeting of the Company to be held in 2016. The Company may, before such expiry, make offers or agreements which would or might require equity securities to be allotted after such expiry and the directors are hereby empowered to allot equity securities in pursuance of such offers or agreements as if the power conferred hereby had not expired.
Company Secretary
Dated: 20th November 2015
One America Square Crosswall
London EC3N 2SG
|
distributed by
|
