Centamin PLC Announces Result of 2020 Annual General Meeting

PERTH, AUSTRALIA / ACCESSWIRE / June 29, 2020 / Centamin ("Centamin" or "the Company")(LSE:CEY)(TSX:CEE) 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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SOURCE: Centamin PLC

ReleaseID: 595596