RESULTS OF 2024 ANNUAL GENERAL MEETING
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO
The results in respect of each of the resolution put to shareholders at the Annual General Meeting are set out in Appendix 1.
Released On behalf of the Board of Directors, Mr
Company profile
Macarthur is an iron ore development, and lithium exploration company that is focused on bringing to production its
Caution Regarding Forward Looking Statements
Certain of the statements made and information contained in this press release may constitute forward-looking information and forward-looking statements (collectively, "forward-looking statements") within the meaning of applicable securities laws. All statements herein, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, including but not limited to statements regarding expected completion of the Feasibility Study; conversion of Mineral Resources to Ore Reserves or the eventual mining of the Project, are forward-looking statements. The forward-looking statements in this press release reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct as actual results or developments may differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include but are not limited to: unforeseen technology changes that results in a reduction in iron or magnetite demand or substitution by other metals or materials; the discovery of new large low cost deposits of iron magnetite; the general level of global economic activity; failure to complete the FS; inability to demonstrate economic viability of Mineral Resources; and failure to obtain mining approvals. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. The forward-looking statements contained in this press release are made as of the date of this press release and except as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
Appendix 1 -
The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2.
|
Resolution details |
Instructions given to validly appointed proxies (as at proxy close) |
Number of votes cast on the poll (where applicable) |
Resolution Result |
||||||
|
Resolution |
Resolution |
For |
Against |
Proxy's Discretion |
Abstain |
For |
Against |
Abstain* |
Carried / Not Carried |
|
1. Adoption of Remuneration Report |
Ordinary |
57,187,198 90.08% |
4,300,417 6.77% |
2,000,970 3.15% |
52,250 |
59,192,352 93.23% |
4,300,417 6.77% |
284,761 |
Carried |
|
2. Re-Election of Director - |
Ordinary |
59,906,140 82.78% |
5,508,652 7.61% |
6,952,407 9.61% |
1,000 |
67,837,913 92.48% |
5,512,836 7.52% |
1,000 |
Carried |
|
3. Re-Election of Director - |
Ordinary |
56,754,319 80.68% |
5,308,652 7.55% |
8,276,462 11.77% |
201,000 |
66,010,147 92.55% |
5,312,836 7.45% |
201,000 |
Carried |
|
4. Re-Election of Director - |
Ordinary |
61,777,526 84.07% |
3,437,266 4.67% |
8,276,462 11.26% |
201,000 |
70,286,499 95.33% |
3,441,450 4.67% |
201,000 |
Carried |
|
5. Appointment of Canadian Auditor |
Ordinary |
65,589,431 85.90% |
2,490,536 3.26% |
8,276,462 10.84% |
9,000 |
74,849,443 96.78% |
2,490,536 3.22% |
9,000 |
Carried |
|
6. Approval of Fixed 20% Omnibus Incentive Plan, Employee Share Compensation Plan and Consultant Share Compensation Plan |
Ordinary |
55,220,929 88.13% |
5,433,185 8.68% |
2,000,970 3.19% |
885,750 |
57,454,410 91.35% |
5,437,369 8.65% |
885,750 |
Carried |
|
|
|
* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll. |
|
|
SOURCE
