Shanta Gold Limited Results of 2023 AGM (9327X)
29 April 2023 - 12:17AM
UK Regulatory
TIDMSHG
RNS Number : 9327X
Shanta Gold Limited
28 April 2023
28 April 2023
Shanta Gold Limited
("Shanta Gold", "Shanta" or the "Company")
Result of the Annual General Meeting
Shanta Gold (AIM: SHG), the East Africa-focused gold producer,
developer and explorer, announces that all resolutions put to
shareholders were duly passed at the Company's Annual General
Meeting, which took place on 28 April 2023 at 11 New Street, St
Peter Port, Guernsey, GY1 3EG.
The results from the meeting were as follows :
Resolution Total Votes Cast For (1) Against Withheld/ Abstained
Number % Number %
---- --------------------------- ----------------- ------------ ----------- ------- --------------------
To receive and consider
the profit and loss
account and the balance
sheet of the Company for
the financial year ended
1. December 2022. 459,668,289 459,666,289 99.99 2,000 0.0004 17,130
---- --------------------------- ----------------- ------------ ------ ----------- ------- --------------------
2. To receive and consider
the report of the
directors of the Company. 459,662,909 459,590,321 99.98 72,588 0.02 22,510
---- --------------------------- ----------------- ------------ ------ ----------- ------- --------------------
3. To receive and consider
the report of the
auditors of the Company. 459,614,002 459,612,002 99.99 2,000 0.0004 71,417
---- --------------------------- ----------------- ------------ ------ ----------- ------- --------------------
4. To approve the Directors'
remuneration paid for the
year to 31 December 2022
as detailed in
the 2022 Annual Report
and Accounts. 457,845,763 405,901,918 88.65 51,943,845 11.35 1,839,656
---- --------------------------- ----------------- ------------ ------ ----------- ------- --------------------
5. To re-appoint BDO LLP as
the auditors of the
Company. 459,434,425 459,236,525 99.96 197,900 0.04 250,994
---- --------------------------- ----------------- ------------ ------ ----------- ------- --------------------
6. To approve the
Non-Executive Directors'
aggregate fees for the
period between 1 January
2023
to 31 December 2023
inclusive to be
US$405,000. 458,131,244 457,356,831 99.83 774,413 0.17 1,554,175
---- --------------------------- ----------------- ------------ ------ ----------- ------- --------------------
7. To authorise the directors
to fix the remuneration
of the auditors as the
directors see fit. 459,306,525 459,304,525 99.99 2,000 0.0004 378,894
---- --------------------------- ----------------- ------------ ------ ----------- ------- --------------------
8. To consider and if thought
fit re-elect Anthony
Peter Wynn Durrant as
director of the Company
who retires by rotation
and who makes himself
available for re-election
as a director of the
Company. 458,476,950 458,394,962 99.98 81,988 0.02 1,208,469
---- --------------------------- ----------------- ------------ ------ ----------- ------- --------------------
9. To approve a final
dividend proposed by the
Directors of 0.10 pence
per share. 459,672,289 459,670,289 99.99 2,000 0.0004 13,130
---- --------------------------- ----------------- ------------ ------ ----------- ------- --------------------
1. Includes Discretionary votes of 31,606
Enquiries:
Shanta Gold Limited
Eric Zurrin (CEO) +44 (0) 14 8173 2153
Michal Devine (CFO)
Nominated Adviser and Joint Broker
Liberum Capital Limited
Scott Mathieson / Ed Thomas / Nikhil
Varghese +44 (0) 20 3100 2000
Joint Broker
Tamesis Partners LLP
Charlie Bendon / Richard Greenfield +44 (0) 20 3882 2868
Public Relations
FTI Consulting
Sara Powell / Nick Hennis +44 (0) 20 3727 1426
About Shanta Gold
Shanta Gold is an East Africa-focused responsible gold producer,
developer, and explorer. The company has an established operational
track record, with defined ore resources on the New Luika and
Singida projects in Tanzania, with reserves of 625 koz grading 2.91
g/t, and exploration licences covering approximately 800 km2 in the
country. Alongside New Luika and Singida, Shanta also owns the
high-grade West Kenya Project in Kenya and licences with resources
of 1.7 million ounces including 722 Koz in the Indicated category
grading 11.45 g/t, and exploration licences covering 580km(2)
containing multiple highly-prospective targets. With a healthy
balance sheet, a growing diversified portfolio and consistent
dividend payments, Shanta offers a resilient investment opportunity
for the near and long-term. Shanta is quoted on London's AIM market
(AIM: SHG) and has approximately 1,051 million shares in issue.
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