2 May 2013 16:08
2 May 2013
Avocet Mining PLC
Results of Annual General Meeting
Avocet Mining PLC has confirmed that all resolutions at the Annual General Meeting of its shareholders, held on 2 May 2013, were carried as proposed. The final proxy voting figures for the meeting are shown below:
For & discretionary | Against | With- held | Total votes | ||
Ordinary resolutions | |||||
1 | Receipt of reports and financial statements | 68,194,072 | 80 | 450 | 68,194,602 |
2 | Receipt of Directors' remuneration report | 66,511,535 | 1,675,167 | 7,900 | 68,194,602 |
3 | Re-appointment RP Edey as Director | 63,568,219 | 4,623,633 | 2,750 | 68,194,602 |
4 | Re-appointment of RA Pilkington as Director | 62,351,261 | 5,840,187 | 3,154 | 68,194,602 |
5 | Re-appointment of B Rourke as Director | 68,111,634 | 80,218 | 2,750 | 68,194,602 |
6 | Re-appointment of MJ Donoghue as Director | 62,375,993 | 5,815,859 | 2,750 | 68,194,602 |
7 | Re-appointment of G Wylie as Director | 68,124,634 | 67,218 | 2,750 | 68,194,602 |
8 | Re-appointment of N Harwerth as Director | 68,109,634 | 82,218 | 2,750 | 68,194,602 |
9 | Re-appointment of DC Cather as Director | 68,123,634 | 67,218 | 2,750 | 68,193,602 |
10 | Re-appointment of AM Norris as Director | 68,111,230 | 80,622 | 2,750 | 68,194,602 |
11 | Re-appointment of Grant Thornton as auditors | 63,354,770 | 4,835,178 | 4,654 | 68,194,602 |
12 | Authority to determine auditors' remuneration | 68,179,748 | 11,200 | 3,654 | 68,194,602 |
13 | Authority to allot shares (s551 Co Act 2006) | 68,164,302 | 21,900 | 8,050 | 68,194,252 |
Special resolutions | |||||
14 | Authority to disapply pre-emption rights | 68,174,518 | 12,034 | 8,050 | 68,194,602 |
15 | Authority to purchase its own shares | 68,166,952 | 20,900 | 6,750 | 68,194,602 |
16 | Reduction in notice for general meeting to 14 days | 65,153,052 | 3,041,020 | 530 | 68,194,602 |
FOR FURTHER INFORMATION PLEASE CONTACT
Avocet Mining PLC | Pelham Bell PottingerFinancial PR Consultants | J.P. Morgan CazenoveCorporate Broker | Arctic SecuritiesFinancial Adviser & Market Maker | SEB EnskildaFinancial Adviser &Market Maker |
David Cather, CEOMike Norris, FDRob Simmons, IR | Daniel Thöle | Michael Wentworth-Stanley | Arne WengerPetter Bakken | Fredrik Cappelen |
+44 20 7766 7676 | +44 20 7861 3232 | +44 20 7742 4000
| +47 2101 3100 | +47 2100 8500 |
NOTES TO EDITORS
Avocet Mining is a gold mining and exploration company listed on the London Stock Exchange (ticker: AVM.L) and the Oslo Børs (ticker: AVM.OL). The Company's principal activities are gold mining and exploration in West Africa.
In Burkina Faso the Company owns 90% of the Inata Gold Mine. The deposit at Inata currently comprises a Mineral Resource of 4.7 million ounces and an Ore Reserve of 0.9 million ounces. The Inata Gold Mine poured its first gold in December 2009 and produced 135,189 ounces of gold in 2012. Other assets in Burkina Faso include eight exploration permits surrounding the Inata Gold Mine in the broader Bélahouro region. The most advanced of these projects is Souma, some 20 kilometres from the Inata Gold Mine, where there is a Mineral Resources estimate of 0.8 million ounces.
In Guinea, Avocet owns exploration licences in the north east of the country. Mineral Resource development has been ongoing since 2005 and the Tri-K project is the most advanced, which currently has a Mineral Resource estimate of 3.2 million ounces and where a feasibility study is underway.