Source - RNS
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 fora

Votes for %

Votes against

Votes against %

Votes validly cast

Votes cast as % of shares with voting rightsc

Votes withheldb


Ordinary Resolutions








1

Receipt of reports and financial statements for the year ended 31 Dec 2016

10,643,697

99.99%

448

0.01%

10,644,145

50.92%

600

2

Receipt of Directors' remuneration report for the year ended 31 Dec 2016

10,627,586

99.85%

16,159

0.15%

10,643,745

50.91%

1,000

3

Re-appointment of R P Edey as Director

10,632,460

99.90%

11,035

0.10%

10,643,495

50.91%

1,250

4

Re-appointment of B J Rourke as Director

10,632,460

99.90%

11,035

0.10%

10,643,495

50.91%

1,250

5

Re-appointment of G Wylie as Director

10,633,660

99.90%

10,835

0.10%

10,644,495

50.92%

250

6

Re-appointment of D C Cather as Director

10,633,660

99.90%

10,835

0.10%

10,644,495

50.92%

250

7

Re-appointment of J Wynn as Director

10,633,660

99.90%

10,835

0.10%

10,644,495

50.92%

250

8

Re-appointment of B Wentink as Director

10,633,660

99.90%

10,835

0.10%

10,644,495

50.92%

250

9

Re-appointment of Grant Thornton UK LLP as auditors of the Company

10,629,286

99.90%

11,159

0.10%

10,640,445

50.90%

4,374

10

Authority to determine the auditors' remuneration

10,629,382

99.90%

10,935

0.10%

10,640,317

50.90%

4,428

11

Authority to allot shares (s551 Co Act 2006)

10,631,881

99.89%

11,849

0.11%

10,643,730

50.91%

1,015


Special Resolutions








12

Authority to disapply pre-emption rights up to 5% of share capital

2,895,679

99.59%

11,841

0.41%

2,907,520

13.91%

7,737,225

13

Authority to purchase own shares up to 10% of share capital

2,906,098

99.95%

1,550

0.05%

2,907,648

13.91%

7,737,097

14

Call General Meeting with less than 21 days' notice

10,633,769

99.90%

10,848

0.10%

10,644,617

50.92%

128

 

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

Yolanda Bolleurs , CFO

Tim Blythe

Megan Ray

Camilla Horsfall



Michael Wentworth-Stanley

+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).


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