26 Nov 2019 15:07
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 |