Company Announcements

Result of AGM

Source: RNS
RNS Number : 6069V
Greatland Gold PLC
14 December 2021
 

 

 

14 December 2021

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

Greatland Gold plc

("Greatland" or "the Company")

 

Result of AGM

 

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, announces that at the Annual General Meeting, held earlier today, all resolutions proposed at the meeting were approved.

 

Details of the voting results, which should be read alongside the Notice of AGM, are below:

Resolution

Votes

for *

Votes

against

Votes withheld

Total

votes

Result


No. of votes

% of votes cast **

No. of votes

% of votes cast **




1

674,942,640

93.2%

49,339,446

6.8%

1,825,412

726,107,498

Approved

2

347,213,740

50.9%

334,673,960

49.1%

44,219,798

726,107,498

Approved

3

719,247,343

99.2%

6,027,159

0.8%

832,996

726,107,498

Approved

4

723,806,505

99.9%

1,082,997

0.1%

1,217,996

726,107,498

Approved

5

723,585,319

99.8%

1,675,706

0.2%

846,473

726,107,498

Approved

6

720,048,486

99.9%

682,269

0.1%

5,376,743

726,107,498

Approved

7

711,153,347

98.5%

10,919,592

1.5%

4,034,559

726,107,498

Approved

8

705,015,527

98.4%

11,756,418

1.6%

9,335,553

726,107,498

Approved

9

707,590,547

98.6%

9,733,218

1.4%

8,783,733

726,107,498

Approved


*   
Includes discretionary votes
** Excludes withheld votes


The Company notes the outcome for Resolution 2 and recognises the differing interpretations of the benefits of Non-Executive Directors holding options and believes there are benefits for wider shareholder alignment vis-à-vis its potential to impact the perception of independence.

 

The growth of Greatland in recent years has been substantial and its success has been supported by the contribution of an experienced Board and executive management team. The Company's view is that a strong Board and executive team is essential for Greatland's continued success, particularly as it moves through development and into maiden production of its flagship asset.

Greatland would like to reiterate that the Board considers all the Non-Executive Directors to be independent in judgement and character. In demonstrating its commitment to continued strong corporate governance, in September 2021 the Board recognised the need to strengthen its independence by appointing Paul Hallam as a Non-Executive Director of the Company, which increased the ratio of Board independence from 50% to 75%. Furthermore, the Board recognises the value of good governance and complies with the guidelines contained in the QCA Corporate Governance Code and is undertaking a search for additional high quality Non-Executive Directors.

 

 

Enquiries:

 

Greatland Gold PLC

Shaun Day

+44 (0)20 3709 4900

info@greatlandgold.com

www.greatlandgold.com



SPARK Advisory Partners Limited (Nominated Adviser)

Andrew Emmott/James Keeshan

+44 (0)20 3368 3550

 



Berenberg (Joint Corporate Broker and Financial Adviser)

Matthew Armitt/ Varun Talwar/Alamgir Ahmed/Detlir Elezi

+44 (0)20 3207 7800

 



Canaccord Genuity (Joint Corporate Broker and Financial Adviser)

James Asensio/Patrick Dolaghan

+44 (0)20 7523 8000

 



Hannam & Partners (Joint Corporate Broker and Financial Adviser)

Andrew Chubb/Matt Hasson/Jay Ashfield

+44 (0)20 7907 8500



SI Capital Limited (Joint Broker)

Nick Emerson/Alan Gunn

+44 (0)14 8341 3500

 



Luther Pendragon (Media and Investor Relations)

Harry Chathli/Alexis Gore

+44 (0)20 7618 9100

 

 

 

Notes for Editors:

 

Greatland Gold plc (AIM:GGP) is a mining development and exploration company with a focus on precious and base metals. The Company's flagship asset is the world-class Havieron gold-copper deposit in the Paterson region of Western Australia, discovered by Greatland and presently under development in Joint Venture with Newcrest Mining Ltd.

Havieron is located approximately 45km east of Newcrest's Telfer gold mine and, subject to positive decision to mine, will leverage the existing infrastructure and processing plant to significantly reduce the project's capital expenditure and carbon impact for a low-cost pathway to development. An extensive growth drilling programme is presently underway at Havieron with a maiden Pre-Feasibility Study released on the South-East crescent on 12 October 2021. Construction of the box cut and decline to develop the Havieron deposit commenced in February 2021.

Greatland has a proven track record of discovery and exploration success. It is pursuing the next generation of tier-one mineral deposits by applying advanced exploration techniques in under-explored regions. The Company is focused on safe, low-risk jurisdictions and is strategically positioned in the highly prospective Paterson region. Greatland has a total six projects across Australia with a focus on becoming a multi-commodity mining company of significant scale.

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