Last checked at 8 Jun 2023 14:47
8 June 2023
KAVANGO RESOURCES PLC
("Kavango" or "the Company")
Results of the Annual General Meeting
Southern Africa-focussed metals exploration company Kavango Resources plc (LSE:KAV) is pleased to announce the result of the Annual General Meeting of Kavango Resources PLC held at the offices of the Company's Solicitors, Druces LLP, Salisbury House, London Wall, London EC2M 5PS on 8 June 2023 at 11 a.m.
All nine resolutions put to members were passed on a poll. Resolutions 1 to 6, and 8 were passed as ordinary resolutions and resolutions 7 and 9 were passed as special resolutions.
The number of votes cast for and against each of the resolutions proposed, and the number of 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 2022, auditors' report and strategic report | 300,626,522 | 90.50 | 31,564,114 | 9.50 | 873,263 |
Resolution 2 (Ordinary) To approve the re-appointment and remuneration of PKF Littlejohn LLP as the Company's auditor | 309,691,550 | 93.23 | 22,499,086 | 6.77 | 873,263 |
Resolution 3 (Ordinary) To approve the Directors' Remuneration Report in the Company's Annual Report | 286,851,364 | 86.22 | 45,836,091 | 13.78 | 376,444 |
Resolution 4 (Ordinary) To approve the re-election of Jeremy Brett as a director | 309,168,705 | 93.08 | 22,996,931 | 6.92 | 898,263 |
Resolution 5 (Ordinary) To approve the re-election of Peter Francis Wynter Bee as a director | 299,476,521 | 90.19 | 32,564,114 | 9.81 | 1,023,263 |
Resolution 6 (Ordinary) To authorise the allotment and issue of equity securities | 290,792,562 | 88.81 | 36,629,949 | 11.19 | 5,641,383 |
Resolution 7 (Special) To disapply the statutory pre-emption rights on the issue of equity securities | 289,841,872 | 88.53 | 37,560,633 | 11.47 | 5,661,391 |
Resolution 8 (Ordinary) To authorise the allotment and issue of the Stage 1 Subscription Shares | 281,880,160 | 84.72 | 50,852,300 | 15.28 | 331,436 |
Resolution 9 (Special) To disapply the statutory pre-emption rights on the issue of the Stage 1 Subscription Shares | 276,445,216 | 84.43 | 50,977,300 | 15.57 | 5,641,383 |
As at 8 June, there were 705,569,314 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 Annual 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.
For further information please contact:
Kavango Resources plc
Ben Turney
bturney@kavangoresources.com
+46 7697 406 06
First Equity Limited (Broker)
+44 207 374 2212
Jason Robertson