Result of 2020 Annual General Meeting

RNS Number : 4146R
Centamin PLC
29 June 2020
 

 

29 June 2020

 

 

Centamin plc

("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

 

 

 

RESULTS OF THE 2020 Annual General Meeting

 

 

 

Centamin announces that, at its Annual General Meeting ("AGM") held today, 29 June 2020, all resolutions set out in the Notice of AGM were passed. The table below details the results of the resolutions.

The Company's issued share capital eligible to be voted at the AGM on 29 June 2020 was 1,155,955,384 ordinary shares. Approximately 73% of the Company's issued share capital were voted at the AGM. 

 

 

 

VOTES

FOR

%

VOTES

AGAINST

%

VOTES

WITHHELD[1]

Ordinary Resolution 1

Annual accounts, strategic and governance report and auditor's report

841,108,838

 

99.99

 

112,399

 

0.01

 

6,485,212

 

Ordinary Resolution 2

Approval of the Directors' Remuneration Report

837,525,271

 

99.90

 

820,555

 

0.10

 

9,360,624

 

Ordinary Resolution 3.1

Election of Mr Jim Rutherford

789,203,836

 

97.61

 

19,317,524

 

2.39

 

39,185,090

 

Ordinary Resolution 3.2

Election of Martin Horgan

846,683,002

 

100.00

 

6,791

 

0.00

 

1,016,657

 

Ordinary Resolution 3.3

Election of Dr Sally Eyre

841,388,157

 

99.37

 

5,302,636

 

0.63

 

1,015,657

 

Ordinary Resolution 3.4

Election of Dr Catharine Farrow

845,588,805

 

99.87

 

1,081,988

 

0.13

 

1,035,657

 

Ordinary Resolution 3.5

Election of Marna Cloete

846,654,343

 

100.00

 

10,950

 

0.00

 

1,041,157

 

Ordinary Resolution 3.6

Re-election of Mr Ross Jerrard

844,313,473

 

99.72

 

2,367,009

 

0.28

 

1,025,968

 

Ordinary Resolution 3.7

Re-election of Mark Bankes

839,387,954

 

99.14

 

7,272,528

 

0.86

 

1,045,968

 

Ordinary Resolution 3.8

Re-election of Dr Fawzy

843,955,035

 

99.68

 

2,731,258

 

0.32

 

1,020,157

 

Ordinary Resolution 4.1

Appointment of PricewaterhouseCoopers LLP (Auditor)

841,024,440

 

99.82

 

1,540,206

 

0.18

 

5,141,803

 

Ordinary Resolution 4.2

Authorise the directors to agree the auditor's remuneration

845,401,512

 

99.85

 

1,308,443

 

0.15

 

996,494

 

Ordinary Resolution 5

Authority to allot relevant securities

796,321,551

 

94.05

 

50,360,358

 

5.95

 

1,024,541

 

Special Resolution 6

Disapplication of pre-emption rights

833,441,300

 

98.44

 

13,210,949

 

1.56

 

1,054,201

 

Special Resolution 7

Market purchase of ordinary shares

838,252,152

 

99.14

 

7,301,526

 

0.86

 

2,152,771

 

On 18 May 2020, the Company announced the new committee and board restructure which takes effect following the AGM and each of Josef El-Raghy, Mark Arnesen and Edward Haslam, who did not stand for re-election at the AGM, have now retired as directors of the Company effective immediately.

In accordance with LR 9.6.2R, a copy of the results of the AGM, along with a copy of resolutions passed other than those concerning ordinary business at the AGM, have been submitted to the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism The scrutineers of the poll were Computershare Investor Services (Jersey) Limited. The full text of each of the resolutions is set out in the Notice of AGM, a copy of which is available on the Centamin website at www.centamin.com .

 

Jim Rutherford, Chairman commented:

" This AGM marks an important juncture for the Company, with the longstanding Chairman and Director, Josef El-Raghy, stepping down from the Board, together with two other directors, Ed Haslam and Mark Arnesen.  Thank you to all three individuals for their hard work and dedication building a remarkable gold company. 

Josef has led Centamin for over 20 years and has been responsible for overseeing the transition of the Company from a small explorer, through to the development and construction of the Sukari Gold Mine, which has now been producing for ten years. Centamin is well positioned for the future, with a strong management team and Board who will sustain the legacy and values of its founders. 

I would like to reaffirm our commitment as a Board and management team acting on your behalf as shareholders, to continued effective corporate governance and regular shareholder engagement. As the new Chairman, I look forward to helping guide the Company forward to continued success in the future. "

 

 

__________________________________________________________________________________________

For more information, please visit the website www.centamin.com   or contact:

 

Centamin plc

Alexandra Carse

+44 (0) 7700 713 738

Alexandra.carse@centamin.je

Buchanan Communications

Bobby Morse

+ 44 (0)20 7466 5000 Centamin@buchanan.uk.com

__________________________________________________________________________________________

 

 

 

[1] A "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' the resolution.

 


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