Andrada Mining Limited
("Andrada" or the "Company")
Results of the Annual General Meeting
Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), the African technology metals mining company with a portfolio of mining and exploration assets in Namibia, announces that, at its Annual General Meeting ("AGM") held earlier today all resolutions were duly passed.
The details of the voting are set out below and can be found on the Company's website: https://andradamining.com/investors/corporate-publications/2/
| Ordinary resolutions | Votes FOR | % | Votes AGAINST | % | |
| 1 | Approve the Annual Financial Statements of the Company and the Directors' report and the report of the Auditor for the year ended 29 February 2024. | 751 470 046 | 95.58 | 34 698 726 | 4.41 |
| 2 | Approve the re-election of Terence Goodlace as a Director of the Company. | 714 110 349 | 90.83 | 72 058 423 | 9.16 |
| 3 | Approve the re-election of Laurence Robb as a Director of the Company. | 714 110 349 | 90.83 | 72 058 423 | 9.16 |
| 4 | Approve the re-appointment of Messrs BDO LLP as Auditors to the Company. | 766 394 234 | 97.48 | 274 538 | 0.03 |
| 5 | Authorise the Directors to approve the remuneration of the Company's Auditors. | 786 144 027 | 99.99 | 24 745 | 0.00 |
| 6 | Authorise the Company to generally and unconditionally make market acquisitions of Ordinary Shares. | 751 444 711 | 95.57 | 34 724 061 | 4.42 |
| 7 | Authorise the Directors to issue equity securities (as defined in Article 5.1 of the Articles) in respect of up to 545 650 910 shares representing approximately 33% of the issued share capital of the Company on 28 August 2024. | 783 831 292 | 99.69 | 2 141 543 | 0.27 |
| Extra-ordinary resolutions | Votes FOR | % | Votes AGAINST | % | |
| 8 | Authorise the Directors to grant rights to subscribe for shares to Directors or employees of the Company in accordance with Article 4.2 of the Articles as part of the previously adopted Directors and employees share option schemes (together the "Options"). | 713 993 815 | 90.81 | 72 060 922 | 9.17 |
| 9 | Disapplication of general pre-emption rights to Resolution 7 To authorise the Directors to issue equity securities as if the pre-emption rights contained in Article 5.2 of the Articles did not apply to such issue provided that such authority shall be limited to the listed conditions. | 764 937 148 | 97.29 | 20 919 963 | 2.66 |
| 10 | Disapplication of pre-emption rights to Resolution 7 and 9 for acquisition or capital investment To authorise the Directors to issue equity securities and/or sell Ordinary Shares held by the Company as treasury shares for cash as if the pre-emption rights contained in Article 5.2 of the Articles did not apply to such issuance or sale, provided such authority shall be limited to the stated listed conditions. | 765 133 085 | 97.32 | 20 919 963 | 2.66 |
CONTACTSAndrada MiningAnthony Viljoen, CEO Sakhile Ndlovu, Investor Relations
| +27 (11) 268 6555
|
NOMINATED ADVISOR & BROKER | |
Zeus Capital LimitedKaty Mitchell Harry Ansell Andrew de Andrade
| +44 (0) 20 2382 9500 |
CORPORATE BROKER & ADVISOR | |
H&P Advisory LimitedAndrew Chubb Jay Ashfield Matt Hasson
| +44 (0) 20 7907 8500 |
BerenbergJennifer Lee Natasha Ninkov
| +44 (0) 20 3753 3040 |
FINANCIAL PUBLIC RELATIONS | |
Tavistock (United Kingdom)Emily Moss Josephine Clerkin | +44 (0) 207 920 3150 andrada@tavistock.co.uk |
About Andrada Mining Limited
Andrada Mining Limited is listed on the London Stock Exchange (AIM), New York (OTCQB) and Namibia Stock Exchange with mining assets in Namibia, a top-tier investment jurisdiction in Africa. Andrada strives to produce critical raw materials from a large resource portfolio, to contribute to a more sustainable future, improved living conditions and the upliftment of communities adjacent to its operations. Leveraging its strong foundation in Namibia, Andrada is on a strategic path to becoming a leading African producer of critical metals including lithium, tin, tungsten, tantalum and copper. These metals are important enablers of the green energy transition, being essential for components of electric vehicles, solar panels and wind turbines.
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