29 June 2022
GOLDEN PROSPECT PRECIOUS METALS LIMITED (the "Company")
Result of Annual General Meeting
The Company announces the results of voting on the resolutions at its Annual General Meeting ("AGM") held at 3rd Floor, 1 Le Truchot, St Peter Port, Guernsey, GY1 1WD on 29 June 2022.
A poll was held on each resolution and all resolutions were passed by the required majority.
|
ORDINARY RESOLUTIONS | FOR | AGAINST | TOTAL VOTES | VOTES WITHHELD* | ||
|
Votes |
% |
Votes |
% | |||
| 1. To receive the Company's Annual Report and Audited Financial Statements for the year-ended 31 December 2021. | 10,783,960 | 99.96 | 4,511 | 0.04 | 10,788,741 | 12,000 |
| 2. To re-appoint BDO Limited as auditor to the Company until the conclusion of the next general meeting at which accounts are laid before the Company.
| 10,748,489 | 99.92 | 8,985 | 0.08 | 10,757,474 | 42,997 |
| 3. To authorise the Directors of the Company to determine the remuneration of the auditor.
| 10,757,474 | 99.90 | 10,511 | 0.10 | 10,767,985 | 32,486 |
| 4. To re-elect Mr Graeme Ross as a Director of the Company who retires by rotation in accordance with Article 18.3 of the Articles of Association of the Company.
| 10,652,883 | 98.83 | 126,640 | 1.17 | 10,779,523 | 20,948 |
| 5. To re-elect Mr Malcolm Burne as a Director of the Company who retires by rotation in accordance with Article 18.3 of the Articles of Association of the Company.
| 10,652,883 | 98.83 | 126,640 | 1.17 | 10,779,523 | 20,948 |
| 6. To re-elect Mr Robert King as a Director of the Company who retires by rotation in accordance with Article 18.3 of the Articles of Association of the Company.
| 10,652,883 | 98.83 | 126,640 | 1.17 | 10,779,523 | 20,948 |
| 7. To re-elect Mr Toby Birch as a Director of the Company who retires by rotation in accordance with Article 18.3 of the Articles of Association of the Company.
| 10,652,883 | 98.83 | 126,640 | 1.17 | 10,779,523 | 20,948 |
| 8. To authorise the Company, in accordance with Article 4.8 of the Articles of Association of the Company and The Companies (Guernsey) Law, 2008, as amended (the "Law"), to make market purchases of its own ordinary shares of £0.001 each ("Ordinary Shares"), such authorisation conditional upon the Ordinary Shares of the Company continuing to be admitted to listing on The International Stock Exchange ("TISE") and, with the exception of a tender offer or partial offer being made to all holders of Ordinary Shares on the same terms:
8.1 the maximum number of Ordinary Shares hereby authorised to be purchased shall be up to 15% of the Company's existing issued ordinary share capital;
8.2 the minimum price (exclusive of expenses) which may be paid for the Ordinary Shares to be £0.001 per Ordinary Share;
8.3 the maximum price (exclusive of expenses) payable by the Company for the Ordinary Shares to be 5% above the average of the closing middle market quotations (as derived from Bloomberg) of an Ordinary Share for the five (5) consecutive dealing days preceding the date on which the purchase is made;
8.4 the authority (unless previously renewed or revoked) will expire at the end of the annual general meeting of the Company to be held in 2023 or, if earlier, the date being fifteen months from the date of passing of this resolution;
8.5 the Company may make a contract to purchase its own Ordinary Shares under the authority hereby conferred prior to the expiry of such authority which will or may be executed or wholly or partly executed after the expiry of such authority, and may make a purchase of its own Ordinary Shares in pursuance of any such contract; and
8.6 the purchase price for any Ordinary Shares may be paid by the Company out of distributable profits or out of capital and share premium or otherwise to the fullest extent permitted by The Companies (Financial Assistance for Acquisition of Own Shares) Ordinance, 1998.
| 10,768,971 | 99.82 | 19,500 | 0.18 | 10,788,471 | 12,000 |
*A 'vote withheld' is not a vote in law and is not counted towards the proportion of votes 'for' and 'against' a resolution.
As at the date of the AGM, the number of ordinary shares in issue, and therefore the total number of voting rights was 85,503,021.
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