Result of AGM

Source: RNS
RNS Number : 5564L
KAZ Minerals PLC
30 April 2020
 

 

 

KAZ MINERALS PLC

6TH FLOOR

CARDINAL PLACE

100 VICTORIA STREET

LONDON SW1E 5JL

Tel: +44 (0) 20 7901 7800

 

 

 

30 April 2020

 

RESULT OF 2020 ANNUAL GENERAL MEETING

KAZ Minerals PLC (the 'Company') announces that at its Annual General Meeting held today, all the resolutions put to shareholders were duly passed on a poll. The poll results showing the number of votes received for and against each resolution are shown below. The poll results represent approximately 69.70% of the total number of 472,438,527 Ordinary Shares in issue which carry voting rights of one vote per share.

The votes cast on resolutions 7, 8, 9, 11 and 12, relating to the election or re-election of the independent non-executive Directors, have been calculated separately. These resolutions were duly passed by a majority of votes cast by both Independent Shareholders as well as by a majority of votes cast by all Shareholders. The result of the votes cast by the Independent Shareholders (marked with **) and the votes cast by all Shareholders are set out below.

The Company currently holds 8,285,450 Ordinary Shares in treasury which do not carry voting rights.

Full details of the resolutions passed, together with explanatory notes, are set out in the Notice of Annual General Meeting which is available on the Company's website at www.kazminerals.com. 

Andrew Southam, Chief Executive Officer, chaired the meeting and in line with the announcement released by the Company on 3 April 2020 and in accordance with the "Stay at Home" rules implemented by the UK Government, he and another senior employee of the Company, each of whom being a shareholder or a proxy appointed by a shareholder of the Company, formed the quorum for the Annual General Meeting and were the only two persons present throughout.

The Conrad London St. James Hotel, the venue specified in the notice of meeting, has temporarily suspended operations due to the coronavirus pandemic so Mr Southam opened the meeting from the location of the hotel and immediately adjourned proceedings to the Company's registered office, where the adjourned meeting was held shortly thereafter. Each of the resolutions set out in the notice of meeting was put to a vote on a poll and the meeting was then closed.

 

Resolution

For / Discretion

%

Against

%

Total

Vote

Withheld*

1. To receive the 2019 Directors' and auditors' reports and the accounts of the Company

327,935,725

99.68

1,064,663

0.32

329,000,388

273,384

2. To approve the Directors' Policy on Remuneration

321,424,079

97.62

7,827,680

2.38

329,251,759

22,014

3. To approve the 2019 Directors' Report on Remuneration

277,168,915

84.18

52,082,384

15.82

329,251,299

22,474

4. To declare a final dividend for 2019 of 8.0 US cents per ordinary share

329,269,537

100.00

2,625

0.00

329,272,162

1,461

5. To re-elect Oleg Novachuk as a Director

324,152,209

98.45

5,114,348

1.55

329,266,557

7,215

6. To re-elect Andrew Southam as a Director

329,201,913

99.98

64,645

0.02

329,266,558

7,215

7. To re-elect Michael Lynch-Bell as a Director

129,207,551**

74.12**

45,107,966**

25.88**

174,315,517**

1,817,034**

282,348,773

86.22

45,107,966

13.78

327,456,739

1,817,034

8. To re-elect Lynda Armstrong as a Director

169,470,206**

96.22**

6,658,232**

3.78**

176,128,438**

4,112**

322,611,428

97.98

6,658,232

2.02

329,269,660

4,112

9. To re-elect Alison Baker

163,294,882**

92.71**

12,833,557**

7.29**

176,128,439**

4,112**

316,436,104

96.10

12,833,557

3.90

329,269,661

4,112

10.     To re-elect Vladimir Kim as a Director

304,716,575

92.78

23,710,474

7.22

328,427,049

846,723

11.     To re-elect John MacKenzie as a Director

176,066,522**

99.97**

60,814**

0.03**

176,127,336**

5,215**

329,207,744

99.98

60,814

0.02

329,268,558

5,215

12.     To re-elect Charles Watson as a Director

174,987,753**

99.35**

1,138,583**

0.65**

176,126,336**

6,215**

328,128,975

99.65

1,138,583

0.35

329,267,558

6,215

13.     To re-appoint KPMG LLP as auditors

328,153,039

99.98

76,201

0.02

328,229,240

1,044,533

14.     To authorise the Audit Committee to set the remuneration of the auditors

329,228,104

99.99

24,972

0.01

329,253,076

20,697

15.     To renew the Directors' authority to allot shares

314,703,838

95.58

14,563,172

4.42

329,267,010

6,763

16.     To renew the Directors' authority to disapply pre-emption rights

329,187,204

99.98

77,259

0.02

329,264,463

9,310

17.     To authorise the Directors to disapply pre-emption rights in connection with an acquisition or specified capital investment

328,144,951

99.66

1,121,806

0.34

329,266,757

7,015

18.     To authorise the Directors to make market purchases of the Company's shares

328,160,689

99.67

1,097,299

0.33

329,257,988

15,784

19.     To authorise the calling of general meetings on 14 clear days' notice

314,727,915

95.58

14,543,397

4.42

329,271,312

2,461

*'Vote Withheldis not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.

** Result of the votes cast by the Independent Shareholders.

In accordance with LR 9.6.2 of the UK Listing Authority, KAZ Minerals PLC has submitted copies of the special resolutions passed at its Annual General Meeting to the National Storage Mechanism which will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism. 

Capitalised terms used in this announcement but not otherwise defined herein shall have the same meanings given in the Notice of Annual General Meeting.

For further information please contact:

Susanna Freeman

Company Secretary

Tel: + 44 (0)20 7901 7826


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