Central Asia Metals PLC Shareholder Resolution for Cygnus Metals Acquisition Passed

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On September 6, 2026, Cygnus Metals Limited announced that Central Asia Metals PLC (CAML) shareholders voted to approve the resolution to allot new shares for the acquisition of Cygnus. This resolution was passed during an extraordinary general meeting held on September 4, 2026, where shareholders authorized the transaction under a scheme of arrangement. The acquisition, involving a 100% share purchase, represents a significant step in the formal process for the merger of the two companies.

Consequences

The passing of the resolution satisfies a key condition required for the scheme of arrangement to proceed. The transaction remains subject to the satisfaction or waiver of further conditions before final implementation can occur.

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