Last checked at 28 Apr 2022 14:50
For Immediate Release | 28 April 2022 |
Capital Limited
("Capital", the "Group" or the "Company")
Results of Annual General Meeting
The Board of Directors of Capital Limited announces that all resolutions put to shareholders at today's Annual General Meeting ("AGM") were duly passed.
The Company's issued share capital eligible to be voted at the AGM was 190,891,187 shares and 68.2% of the Company's issued share capital was voted at the AGM.
During today's AGM, Executive Chairman Jamie Boyton gave a presentation followed by a Q&A session for shareholders. The presentation can be found here (https://www.capdrill.com/investors/announcements).
The details of the proxy votes lodged are set out below:
RESOLUTION NUMBER | FOR | % | AGAINST | % | WITHHELD | TOTAL |
1 | 130,022,803 | 100.00 | - | - | 193,063 | 130,215,866 |
2* | 104,952,236 | 81.55 | 23,743,630 | 18.45 | 1,520,000 | 130,215,866 |
3 | 99,153,585 | 88.44 | 12,954,347 | 11.56 | 18,107,934 | 130,215,866 |
4 | 120,227,741 | 96.48 | 4,387,092 | 3.52 | 5,601,033 | 130,215,866 |
5 | 127,406,290 | 97.86 | 2,789,576 | 2.14 | 20,000 | 130,215,866 |
6 | 119,733,567 | 97.37 | 3,234,755 | 2.63 | 7,247,544 | 130,215,866 |
7 | 130,095,497 | 99.93 | 95,309 | 0.07 | 25,060 | 130,215,866 |
8 | 130,171,201 | 100.00 | - | - | 44,665 | 130,215,866 |
9 | 104,622,514 | 98.58 | 1,511,490 | 1.42 | 24,081,862 | 130,215,866 |
10 | 130,145,166 | 99.96 | 50,000 | 0.04 | 20,700 | 130,215,866 |
11 | 128,637,280 | 99.95 | 58,586 | 0.05 | 1,520,000 | 130,215,866 |
12 | 128,695,166 | 100.00 | - | - | 1,520,700 | 130,215,866 |
13 | 130,166,610 | 100.00 | - | - | 49,256 | 130,215,866 |
\* The Board notes that 18.45% of votes cast were against the Remuneration Report. The Remuneration Committee consulted with its major shareholders in respect of the changes made to remuneration in early 2022. The package of changes is aimed at ensuring that the Executive Directors' remuneration arrangements effectively serve the best interests of the Company and its shareholders. The Board will continue to engage with shareholders and continue to take account of shareholder views in taking decisions on executive remuneration.
A copy of the results of the AGM, along with a copy of resolutions passed other than those concerning ordinary business at the AGM, have been submitted to the Financial Services Authority's National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
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For further information, please visit Capital's website www.capdrill.com or contact:
Capital Limited Jamie Boyton, Executive Chairman Giles Everist, Chief Financial Officer Conor Rowley, Investor Relations & Corporate Development Manager
| +230 464 3250 investor@capdrill.com |
Berenberg Matthew Armitt Jennifer Wyllie Detlir Elezi | +44 20 3207 7800
|
Tamesis Partners LLP Charlie Bendon Richard Greenfield
| +44 20 3882 2868 |
Stifel Nicolaus Europe Limited Ashton Clanfield Callum Stewart Rory Blundell
| +44 20 7710 7600 |
Buchanan Bobby Morse James Husband | +44 20 7466 5000 capital@buchanan.uk.com |
About Capital Limited
Capital Limited is a leading mining services company providing a complete range of drilling, mining, maintenance, and geochemical laboratory solutions to customers within the global minerals industry, focusing on the African markets. The Company's services include: exploration, delineation and production drilling; load and haul services; mining equipment hire and maintenance; and geochemical analysis. The Group's corporate headquarters are in Mauritius and it has established operations in Burkina Faso, Côte d'Ivoire, Egypt, Guinea, Kenya, Mali, Mauritania, Nigeria, Saudi Arabia and Tanzania.