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29 May 2025 17:06
29 May 2025
Kavango Resources PLC
("the Company")
Results of Annual General Meeting
Kavango Resources plc (LSE: KAV), the Southern Africa focussed metals exploration and gold production company is pleased to announce the results of its Annual General Meeting, held at the offices of the Company's Solicitors, Druces LLP, Salisbury House, London Wall, London EC2M 5PS on 29 May 2025 at 11 a.m.
All eleven resolutions put to members were passed on a show of hands. Resolutions 1, 2, 3, 4, 5, 6 and 7 were passed as ordinary resolutions and resolutions 8, 9, 10 and 11 were passed as special resolutions.
The number of proxy votes cast for and against each of the resolutions proposed, and the number of proxy votes withheld were as follows:
Resolution | Votes for | % | Votes against | % | Votes withheld |
Resolution 1 (Ordinary) To approve the accounts for the year ended 31 December 2024, auditor's report and strategic report | 2,182,963,215 | 99.98% | 408,245 | 0.02% | 25,000 |
Resolution 2 (Ordinary) To approve the re‐appointment and remuneration of PKF Littlejohn LLP as the Company's auditor | 2,182,422,495 | 99.98% | 408,245 | 0.02% | 565,720 |
Resolution 3 (Ordinary) To approve the Directors' Remuneration Report in the Company's 2024 Annual Report | 2,182,241,908 | 99.97% | 551,832 | 0.03% | 602,720 |
Resolution 4 (Ordinary) To approve the re‐election of Alexandra Rose Gorman as a director | 2,175,544,244 | 99.64% | 7,790,216 | 0.36% | 62,000 |
Resolution 5 (Ordinary) To approve the re‐election of Donald Alexander Robert McAlister as a director | 2,175,644,244 | 99.65% | 7,690,216 | 0.35% | 62,000 |
Resolution 6 (Ordinary) To authorise the allotment and issue of equity securities | 2,175,040,524 | 99.64% | 7,790,216 | 0.36% | 565,720 |
Resolution 7 (Ordinary)To authorise the allotment and issue of equity securities up to such number of Ordinary Shares of £0.001 each in the capital of the Company as is equal to £622,841 (being the nominal value of the VFEX Shares) | 2,175,003,524 | 99.64% | 7,790,216 | 0.36% | 602,720 |
Resolution 8 (Special)To disapply the statutory pre‐emption rights on the issue of equity securities | 2,174,824,237 | 99.64% | 7,944,503 | 0.36% | 627,720 |
Resolution 9 (Special)To disapply the statutory pre‐emption rights on the issue of equity securities pursuant to the authority conferred by Resolution 7 | 2,174,824,237 | 99.64% | 7,944,503 | 0.36% | 627,720 |
Resolution 10 (Special)To approve the adoption of new articles of association | 2,175,078,524 | 99.65% | 7,690,216 | 0.35% | 627,720 |
Resolution 11 (Special)To approve that general meetings may be called on not less than 14 clear days' notice | 2,175,681,244 | 99.65% | 7,690,216 | 0.35% | 25,000 |
The total proxy votes cast on the 11 Resolutions represented approximately 71.60% of the issued share capital as at 29 May 2025.
As at 29 May 2025, there were 3,048,706,821 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.
The full text of each resolution is available in the Notice of General Meeting, published on our website.
Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.
For further information please contact:
Kavango Resources plc
Ben Turney
+44 203 488 5678
First Equity (Broker)
+44 207 374 2212
Jason Robertson
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