25 November 2024
Caracal Gold Plc
('Caracal' or the 'Company')
Results of Annual General Meeting
Caracal Gold Plc, the East African gold producer with over 1,300,000oz JORC-compliant gold resources, is pleased to announce that all resolutions proposed to shareholders at the Annual General Meeting ("AGM") held at 10.00am on Friday 22nd November 2024 were duly passed on a show of hands.
The proxy votes received in relation to these resolutions were as follows:
| Resolution | Shares | ||||
| | For | % of votes | Against | % of votes | Withheld |
| Ordinary Resolution: 1. To receive the report of the Directors and the financial statements of the Company for the period ended 30th June 2023. | 457,823,295 | 99.98% | 97,808 | 0.02% | NIL |
| Ordinary Resolution: 2. To re-elect, as a director, Simon Grant-Rennick, who retires in accordance with Article 74 of the Articles and offers himself for re-election. | 456,285,451 | 99.73% |
1,251,391
| 0.27% | 384,261 |
| Ordinary Resolution: 3. To re-elect, as a director, Robert Andrew McCrae, who retires in accordance with Article 74 of the Articles and offers himself for re-election. | 452,467,951 | 98.89% |
5,068,891
| 1.11% | 384,261 |
| Ordinary Resolution: 4. To appoint RPG Crouch Chapman LLP of 40 Gracechurch Street, London, EC3V 0BT, as auditors of the Company ("Auditors") from the conclusion of the AGM until the conclusion of the next AGM before which the accounts are laid. | 457,803,103 | 99.97% |
116,976
| 0.03% | 1,024 |
| Ordinary Resolution: 5. To authorise the directors to determine the Auditors remuneration. | 457,285,585 | 99.89% | 502,261 | 0.11% | 133,257 |
| Ordinary Resolution: 6. To authorise the directors of the Company to allot securities up to an aggregate nominal value of £8,500,000. | 440,392,601 | 96.94% | 13,883,575 | 3.06% | 3,644,927 |
| Special Resolution: 7. To authorise the directors of the Company to disapply statutory pre-emption rights to allow equity securities for cash on a non-pre-emptive basis. | 441,709,311 | 97.23% | 12,566,865 | 2.77% | 3,644,927 |
A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" any of the resolutions.
* * ENDS * *
For further information visit www.caracalgold.com or contact the following:
| Caracal Gold plc Robbie McCrae Simon Grant-Rennick |
|
| DGWA, the German Institute for Asset and Equity Allocation and Valuation European Investor and Corporate Relations Advisor Katharina Löckinger |
|
Notes:
Caracal Gold plc is an expanding East African focused gold producer with a clear path to grow production and resources both organically and through strategic acquisitions. Its aim is to rapidly increase production to +50,000ozs p.a. and build a JORC compliant resource base of +3Moz. The Company is progressing a well-defined mine optimisation strategy at its 100% owned Kilimapesa Gold Mine in Kenya, where there is significant mid-term expansion potential and the ability to increase gold production to 24,000oz p.a. and the resource to +2Moz (current JORC compliant resources of approx. 706,000oz). Alongside this, Caracal owns 100% of Tyacks Gold Ltd which owns the Nyakafuru Project in Tanzania, which has an established high-grade shallow gold resource of 658,751oz at 2.08g/t contained within four deposits over 280 km2 and appears amenable to development as a large scale conventional open pit operation.
Caracal's experienced team has a proven track record in successfully developing and operating mining projects throughout Africa.
The Company is a responsible mining and exploration company and supports the positive social and economic change that it contributes to the communities in the regions that it operates. It is a proudly East African-focused company: it buys locally, employs locally, and protects the environment and its employees and their families' health, safety, and wellbeing.
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