TIDMAVM
RNS Number : 7946J
Avocet Mining PLC
30 June 2017
Results of Annual General Meeting
Annual General Meeting
Avocet Mining PLC ("Avocet" or the "Company") confirms that all
resolutions at the Annual General Meeting of its shareholders, held
on 30 June 2017, were carried as proposed. The final proxy voting
figures for the meeting are shown below:
Resolution Votes for(a) Votes for % Votes Votes Votes Votes cast Votes
against against % validly cast as % of withheld(b)
shares with
voting
rights(c)
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
Ordinary
Resolutions
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
Receipt of reports
and financial
statements for the
year ended 31 Dec
1 2016 10,643,697 99.99% 448 0.01% 10,644,145 50.92% 600
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
2 Receipt of 10,627,586 99.85% 16,159 0.15% 10,643,745 50.91% 1,000
Directors'
remuneration
report for the
year ended 31 Dec
2016
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
Re-appointment of
R P Edey as
3 Director 10,632,460 99.90% 11,035 0.10% 10,643,495 50.91% 1,250
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
Re-appointment of
B J Rourke as
4 Director 10,632,460 99.90% 11,035 0.10% 10,643,495 50.91% 1,250
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
Re-appointment of
G Wylie as
5 Director 10,633,660 99.90% 10,835 0.10% 10,644,495 50.92% 250
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
Re-appointment of
D C Cather as
6 Director 10,633,660 99.90% 10,835 0.10% 10,644,495 50.92% 250
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
Re-appointment of
7 J Wynn as Director 10,633,660 99.90% 10,835 0.10% 10,644,495 50.92% 250
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
Re-appointment of
B Wentink as
8 Director 10,633,660 99.90% 10,835 0.10% 10,644,495 50.92% 250
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
9 Re-appointment of 10,629,286 99.90% 11,159 0.10% 10,640,445 50.90% 4,374
Grant Thornton UK
LLP as auditors of
the Company
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
10 Authority to 10,629,382 99.90% 10,935 0.10% 10,640,317 50.90% 4,428
determine the
auditors'
remuneration
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
11 Authority to allot 10,631,881 99.89% 11,849 0.11% 10,643,730 50.91% 1,015
shares (s551 Co
Act 2006)
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
Special
Resolutions
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
12 Authority to 2,895,679 99.59% 11,841 0.41% 2,907,520 13.91% 7,737,225
disapply
pre-emption rights
up to 5% of share
capital
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
13 Authority to 2,906,098 99.95% 1,550 0.05% 2,907,648 13.91% 7,737,097
purchase own
shares up to 10%
of share capital
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
14 Call General 10,633,769 99.90% 10,848 0.10% 10,644,617 50.92% 128
Meeting with less
than 21 days'
notice
------------------ ------------ ----------- ------------ ------------ ------------ ----------- ------------
Notes
a) "Votes for" includes those votes giving discretion to the Chairman
b) "Votes withheld" do not count toward votes cast "for" or "against" a resolution
c) As at 29 June 2017, the Company had 20,949,671 ordinary
shares in issue, of which 20,905,471 represented ordinary shares
with voting rights (after excluding 44,200 treasury shares).
Ordinary shares with voting rights were entitled to vote for all
resolutions at the Annual General Meeting and the General
Meeting.
In accordance with the Listing Rule 9.6.2, a copy of the Special
Resolutions passed at these meetings has been submitted to the
National Storage Mechanism and will shortly be available for
inspection at www.hemscott.com/nsm.do.
Unless the context otherwise requires, capitalised terms used in
this announcement shall have the meanings given to them in the
Notices of Meeting dated 6 June 2017.
FOR FURTHER INFORMATION PLEASE CONTACT
Avocet Mining PLC Blytheweigh Financial PR J.P. Morgan Cazenove
Corporate Broker
Boudewijn Wentink, CEO Tim Blythe Michael Wentworth-Stanley
Yolanda Bolleurs , CFO Megan Ray
Camilla Horsfall
+44 20 3709 2570 +44 207 138 3204 +44 20 7742 4000
NOTES TO EDITORS
Avocet Mining PLC ("Avocet" or the "Company") is an unhedged
gold mining and exploration company listed on the London Stock
Exchange (ticker: AVM.L) and the Oslo Børs (ticker: AVM.OL). The
Company's principal activities are gold mining and exploration in
West Africa.
In Burkina Faso the Company owns 90 per cent of the Inata Gold
Mine. The Inata Gold Mine poured its first gold in December 2009
and produced 72,485 ounces of gold in 2016. Other assets in Burkina
Faso include five exploration permits surrounding the Inata Gold
Mine in the broader Bélahouro region. The most advanced of these
projects is Souma, some 20 kilometers from the Inata Gold Mine.
The Company also holds an interest in the Tri-K project in
Guinea. On 22 May 2017, the Company announced that it had completed
its agreement to dispose of 40 per cent of the project to Managem,
a Moroccan group listed on the Casablanca stock exchange, which
will increase upon completion of a bankable feasibility study for a
CIL plant at the site, the incurring of expenditures of at least
US$10 million, and the enlarging of the ore reserve, to 70 per cent
(in the event of an increase of the reserve to 1 million ounce or
more) or 60 per cent (if less than 1 million ounces).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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