Alba Mineral Resources : Articles of Association

ALBA MINERAL RESOURCES PLC

ARTICLES OF ASSOCIATION

adopted by a special resolution passed on 18TH June 2021

	Contents
		Page
1.	Exclusion of model articles (and any other prescribed regulations)	.............................. 1
2.	Interpretation ................................................................................................................	1
3.	Form of resolution ........................................................................................................	4
4.	Limited liability..............................................................................................................	4
5.	Change of name...........................................................................................................	4
6.	Power to attach rights to shares ...................................................................................	4
7.	Directors' power to allot ................................................................................................	5
8.	Redeemable shares .....................................................................................................	5
9.	Pari passu issues .........................................................................................................	5
10.	Payment of commission ...............................................................................................	5
11.	Trusts not recognised...................................................................................................	5
12.	Uncertificated shares....................................................................................................	6
13.	Share certificates .........................................................................................................	7
14.	Replacement certificates ..............................................................................................	8
15.	Lien on shares not fully paid .........................................................................................	8
16.	Enforcement of lien by sale ..........................................................................................	9
17.	Application of proceeds of sale.....................................................................................	9
18.	Calls .............................................................................................................................	9
19.	Liability of joint holders ................................................................................................	10
20.	Interest on calls ...........................................................................................................	10
21.	Power to differentiate ..................................................................................................	10
22.	Payment of calls in advance........................................................................................	10
23.	Notice if call or instalment not paid ..............................................................................	10
24.	Forfeiture for non-compliance......................................................................................	11
25.	Notice after forfeiture...................................................................................................	11
26.	Forfeiture may be annulled..........................................................................................	11

27.	Surrender ....................................................................................................................	11
28.	Sale of forfeited shares ...............................................................................................	11
29.	Effect of forfeiture ........................................................................................................	11
30.	Evidence of forfeiture ..................................................................................................	12
31.	Form of transfer...........................................................................................................	12
32.	Right to refuse registration of transfer..........................................................................	12
33.	Notice of refusal to register a transfer..........................................................................	13
34.	No fees on registration ................................................................................................	13
35.	Other powers in relation to transfers............................................................................	13
36.	Transmission of shares on death.................................................................................	14
37.	Election of person entitled by transmission..................................................................	14
38.	Rights on transmission ................................................................................................	14
39.	Destruction of documents............................................................................................	15
40.	Sub-division.................................................................................................................	16
41.	Fractions .....................................................................................................................	16
42.	Annual general meetings.............................................................................................	16
43.	Convening of general meetings other than annual general meetings ..........................	16
44.	Organisation of general meetings................................................................................	17
45.	Notice of general meetings..........................................................................................	17
46.	Content of notice .........................................................................................................	17
47.	Attendance and speaking at general meetings ............................................................	18
48.	Meeting at more than one place ..................................................................................	19
49.	Postponement of general meeting...............................................................................	19
50.	Quorum at general meeting.........................................................................................	20
51.	Procedure if quorum not present .................................................................................	20
52.	Chairman of general meeting ......................................................................................	20
53.	Entitlement to attend and speak ..................................................................................	21
54.	Adjournments ..............................................................................................................	21

55.	Notice of adjournment .................................................................................................	21
56.	Business of adjourned meeting ...................................................................................	22
57.	Security arrangements and orderly conduct ................................................................	22
58.	Amendment to resolutions...........................................................................................	22
59.	Method of voting..........................................................................................................	23
60.	Objection to error in voting ..........................................................................................	24
61.	Procedure on a poll .....................................................................................................	24
62.	Votes of members .......................................................................................................	24
63.	No right to vote where sums overdue on shares..........................................................	25
64.	Voting by Proxy ...........................................................................................................	25
65.	Form of proxy ..............................................................................................................	26
66.	Receipt of proxy ..........................................................................................................	27
67.	More than one proxy may be appointed ......................................................................	28
68.	Revocation of proxy.....................................................................................................	28
69.	Corporate representatives ...........................................................................................	28
70.	Failure to disclose interests in shares..........................................................................	29
71.	Power of sale of shares of untraced members.............................................................	31
72.	Application of proceeds of sale of shares of untraced members ..................................	32
73.	Number of directors.....................................................................................................	32
74.	Power of company to appoint directors........................................................................	32
75.	Power of board to appoint directors .............................................................................	32
76.	Eligibility of new directors ............................................................................................	33
77.	Retirement of directors by rotation...............................................................................	33
78.	Position of retiring director...........................................................................................	34
79.	Deemed re-appointment of directors ...........................................................................	34
80.	Vacation of office by director .......................................................................................	34
81.	Resolution as to vacancy conclusive ...........................................................................	35
82.	Appointment of alternate directors...............................................................................	35

83.	Alternate directors' participation in board meetings .....................................................	35
84.	Alternate director responsible for own acts ..................................................................	36
85.	Interests of alternate director .......................................................................................	36
86.	Revocation of alternate director...................................................................................	36
87.	Directors' fees .............................................................................................................	36
88.	Expenses ....................................................................................................................	37
89.	Additional remuneration ..............................................................................................	37
90.	Remuneration of executive directors ...........................................................................	37
91.	Pensions and other benefits ........................................................................................	37
92.	Powers of the board ....................................................................................................	38
93.	Powers of executive directors......................................................................................	38
94.	Delegation to committees ............................................................................................	38
95.	Local management......................................................................................................	38
96.	Power of attorney ........................................................................................................	39
97.	Exercise of voting power .............................................................................................	39
98.	Provision for employees ..............................................................................................	39
99.	Overseas registers ......................................................................................................	40
100.	Borrowing powers .......................................................................................................	40
101.	Board meetings ...........................................................................................................	43
102.	Notice of board meetings.............................................................................................	43
103.	Quorum .......................................................................................................................	43
104.	Chairman ....................................................................................................................	44
105.	Voting..........................................................................................................................	44
106.	Participation by telephone or other form of communication .........................................	44
107.	Resolution in writing ....................................................................................................	45
108.	Proceedings of committees .........................................................................................	45
109.	Minutes of proceedings ...............................................................................................	45
110.	Validity of proceedings ................................................................................................	45