Alamos Gold Announces Results of the Annual General and Special Meeting of Shareholders

Rhea-AI Summary

Alamos Gold Inc. (AGI) reported the results of its Annual General and Special Meeting held on May 26, 2022. A total of 295,085,862 shares were voted, representing 75.25% of the total shares issued. All nominated directors received overwhelming support, with votes for ranging from 77.01% to 99.78%. KPMG LLP was appointed as the auditor. Additionally, resolutions for the Long-Term Incentive Plan and Employee Share Purchase Plan were approved, along with the Fifth Amended and Restated Shareholder Rights Plan. The meeting highlighted strong shareholder engagement and approval of executive compensation approaches.

Positive

• Total shares voted at the meeting were 295,085,862, representing 75.25% of outstanding shares.
• All nominated directors were elected with high approval rates, with votes ranging from 77.01% to 99.78%.
• Approval of KPMG LLP as the company's auditor, indicating shareholder confidence.
• Successful passage of the Long-Term Incentive Plan and Employee Share Purchase Plan.
• The Fifth Amended and Restated Shareholder Rights Plan was approved, reinforcing shareholder rights.

Negative

• None.

TORONTO, May 27, 2022 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported a summary of the voting results of its Annual General and Special Meeting of Shareholders (the “Meeting”).

Results of the Meeting

The Company is reporting the voting results of its Meeting held virtually on Thursday, May 26, 2022. The summary of the results are as follows:

Total Shares Voted:	295,085,862
Total Shares Issued and Outstanding:	392,142,349
Total Percentage of Shares Voted:	75.25%

1. Election of Directors

Each of the nominee directors listed in Alamos’ management proxy circular dated April 7, 2022 was elected as a director as set forth in the table below:

Name of Nominee	Vote For	%	Withheld Vote	%
Elaine Ellingham	203,846,524	77.01	60,859,734	22.99
David Fleck	240,867,743	90.99	23,838,515	9.01
David Gower	232,697,622	87.91	32,008,636	12.09
Claire M. Kennedy	239,694,365	90.55	25,011,892	9.45
John A. McCluskey	264,130,275	99.78	575,932	0.22
Monique Mercier	262,467,453	99.15	2,238,805	0.85
Paul J. Murphy	259,083,947	97.88	5,622,311	2.12
J. Robert S. Prichard	262,585,820	99.20	2,120,438	0.80
Kenneth Stowe	263,869,703	99.68	836,554	0.32

2. Appointment and Compensation of Auditors

KPMG LLP was appointed as the Company’s auditor and the directors were authorized to fix the auditor’s remuneration.

	Vote For	%	Withheld Vote	%
KPMG LLP	292,968,205	99.28	2,115,143	0.72

3. Long-Term Incentive Plan

The resolution approving the Company’s Long-Term Incentive Plan was approved.

	Vote For	%	Vote Against	%
Long-Term Incentive Plan	256,731,876	96.99	7,974,381	3.01

4. Employee Share Purchase Plan

The resolution approving the Company’s Employee Share Purchase Plan was approved.

	Vote For	%	Vote Against	%
ESPP	263,114,944	99.40	1,591,313	0.60

5. Shareholder Rights Plan

The resolution approving the Company’s Fifth Amended and Restated Shareholder Rights Plan was approved.

	Vote For	%	Vote Against	%
Shareholder Rights Plan	261,929,655	98.95	2,776,601	1.05

6. Approval of Approach to Executive Compensation

The non-binding advisory resolution approving the Company’s approach to Executive Compensation was passed.

	Vote For	%	Vote Against	%
Executive Compensation	259,300,018	97.96	5,406,240	2.04

About Alamos

Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects in Canada, Mexico, Turkey, and the United States. Alamos employs more than 1,700 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Scott K. Parsons
Vice President, Investor Relations
(416) 368-9932 x 5439

All amounts are in United States dollars, unless otherwise stated.

Cautionary Note

The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

FAQ

What were the voting results from Alamos Gold Inc.'s Annual Meeting on May 26, 2022?

A total of 295,085,862 shares were voted, or 75.25% of outstanding shares, during Alamos Gold Inc.'s Annual Meeting.

Who were elected as directors at Alamos Gold's Annual Meeting?

All nominated directors received significant support, with votes for ranging from 77.01% to 99.78%.

What plans were approved at the Alamos Gold Annual Meeting in 2022?

The Long-Term Incentive Plan, Employee Share Purchase Plan, and the Fifth Amended and Restated Shareholder Rights Plan were all approved.

Which auditor was appointed at the Alamos Gold Inc. Annual Meeting?

KPMG LLP was appointed as the auditor during the Annual Meeting.

What percentage of shares voted at Alamos Gold's AGM?

75.25% of total shares outstanding were voted at Alamos Gold's Annual General Meeting.