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Result of AGM

26 Nov 2019 15:07

RNS Number : 7403U
Scotgold Resources Ltd
26 November 2019
 

26 November 2019

 

Scotgold Resources Limited (AIM:SGZ)

("Scotgold" or the "Company")

Results of 2019 Annual General Meeting

The Company confirms that all resolutions put to shareholders at the Annual General Meeting ("AGM") held today, were carried on a show of hands.

 

The Company received valid proxies representing 71.93% of the total number of shares in the Company with voting rights.

 

It is noted that following a motion tabled to amend Resolution 3, the amended Resolution was carried unanimously on the following terms:

 

"That, approval is given for the Company to grant, Mr Richard Gray CEO, 1,000,000 options exercisable at £0.30, vesting on the date of first production of gold with an expiry date of 1 May 2028"

 

The motion to amend Resolution 3 was proposed to correct the date of expiry of options (previously referred to as "Warrants" in the RNS of 03 May 2019) with the terms as agreed by the Board and announced on 03 May 2018, whereby the options were to vest upon the latter of 1 year from the date of award or from first gold production and have an expiry date of 10 years from award.

 

 

Resolution

For

% of received

Against

% of received

Open Usable

% of received

Abstain

% of received

1: Re-election of director - Chris Sangster

35,318,299

99.98%

0

0.00%

6,022

0.02%

0

0

2: Election of Director - Ian Proctor

35,317,624

99.98%

675

0.00%

6,022

0.02%

0

0

3: Executive Management Options

35,313,563

99.97%

4,736

0.01%

6,022

0.02%

0

0

4: Management Incentive Share Capacity

35,313,110

99.97%

5,189

0.01%

6,022

0.02%

0

0

 

For further information please contact:

Scotgold Resources Limited

Richard Gray

 

Tel: +44 (0)1838 400 306

SP Angel Corporate Finance LLP

Nomad and Joint Broker

Ewan Leggat / Charlie Bouverat

 

Tel +44 (0) 20 3470 0470

Smaller Company Capital Ltd

Joint Broker

Rupert Williams

 

Tel: +44 (0)20 3651 2911

Capital Markets Consultants

Financial PR

Simon Rothschild

Tel: +44 (0) 7703 167 065

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
RAGUNRVRKVAAUAA
Date   Source Headline
27th Dec 20237:00 amRNSCancellation - Scotgold Resources Limited
24th Nov 202310:09 amRNSAppointment of Administrators
22nd Nov 20237:00 amRNSPlanned Appointment of Administrators
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7th Nov 20238:00 amRNSPotential Administration Appointment
16th Oct 20237:00 amRNSUpdate On Financing Discussions
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14th Jun 20237:00 amRNSBoard Appointment
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27th Mar 20234:35 pmRNSPrice Monitoring Extension
27th Mar 20232:05 pmRNSSecond Price Monitoring Extn
27th Mar 20232:00 pmRNSPrice Monitoring Extension
27th Mar 202311:06 amRNSSecond Price Monitoring Extn
27th Mar 202311:00 amRNSPrice Monitoring Extension
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27th Mar 20237:00 amRNSOperations and Corporate Update
16th Feb 20237:00 amRNSResult of Retail Offer - Capital Raising of £3m
10th Feb 202311:05 amRNSSecond Price Monitoring Extn
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31st Jan 20239:05 amRNSSecond Price Monitoring Extn
31st Jan 20239:00 amRNSPrice Monitoring Extension
30th Jan 20239:05 amRNSSecond Price Monitoring Extn
30th Jan 20239:00 amRNSPrice Monitoring Extension
20th Jan 20232:05 pmRNSSecond Price Monitoring Extn
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19th Jan 20232:15 pmRNSResults of 2022 Annual General Meeting
19th Jan 20237:00 amRNSQ4 2022 Results and 2023 Outlook
29th Dec 20221:00 pmRNSNotice of AGM
21st Dec 20227:00 amRNSPre-close Q4 2022 – Production Update
21st Dec 20227:00 amRNSFinal Results
19th Dec 20227:00 amRNSIssue of Equity and Total Voting Rights

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