Centamin PLC Announces Result of AGM

Rhea-AI Summary

Centamin held its Annual General Meeting on May 21, 2024. All resolutions were passed by a requisite majority. Notable approvals included a final dividend of 2 US cents per share and the re-election of key directors. Approximately 71% of the 1.16 billion eligible shares were voted. PricewaterhouseCoopers LLP was appointed as the auditor. The disapplication of pre-emption rights and market purchase of ordinary shares were also approved. Dr Ibrahim Fawzy retired from the Board after the AGM.

Positive

• All resolutions passed with a requisite majority.
• 71% voter turnout from eligible share capital.
• Final dividend of 2 US cents per share approved.
• Re-election of key directors approved.
• PricewaterhouseCoopers LLP appointed as auditor.

Negative

• 2.2% of votes cast against the authority to allot relevant securities.
• 5.1% of votes cast against the further disapplication of pre-emption rights.

PERTH, AUSTRALIA / ACCESSWIRE / May 21, 2024 / Centamin plc ("Centamin" or "the Company")(LSE:CEY)(TSX:CEE)

RESULT OF AGM

Centamin held its Annual General Meeting ("AGM") today, 21 May 2024, and announces that all resolutions set out in the Notice of AGM were put to the AGM on a poll and were passed with the requisite majority. The full results are detailed in the table below.

The Company's issued share capital eligible to be voted at the AGM was 1,161,082,695 ordinary shares and approximately 71% of the Company's issued share capital were voted at the AGM.

	VOTES FOR[1]	%	VOTES AGAINST	%	VOTES WITHHELD[2]
Ordinary Resolution 1 Adopt the annual accounts, strategic and governance reports and auditor's report on the accounts	818,611,903	99.94	528,464	0.06	2,405,172
Ordinary Resolution 2 Declare a final dividend of 2.0 US cents (US$0.02) per ordinary share	821,153,511	99.99	50,992	0.01	341,036
Ordinary Resolution 3.1 Approval of the Directors' remuneration report	804,402,428	97.96	16,734,075	2.04	409,036
Ordinary Resolution 4.1 Re-election of James Rutherford	782,868,756	95.33	38,321,175	4.67	355,608
Ordinary Resolution 4.2 Re-election of Martin Horgan	819,697,323	99.88	1,016,608	0.12	831,608
Ordinary Resolution 4.3 Re-election of Ross Jerrard	817,742,220	99.64	2,975,086	0.36	828,233
Ordinary Resolution 4.4 Re-election of Dr Sally Eyre	819,402,530	99.78	1,788,794	0.22	356,033
Ordinary Resolution 4.5 Re-election of Marna Cloete	818,053,551	99.62	3,137,398	0.38	356,408
Ordinary Resolution 4.6 Re-election of Dr Catharine Farrow	796,111,426	98.32	13,626,030	1.68	11,809,901
Ordinary Resolution 4.7 Re-election of Hendrik Faul	819,594,833	99.81	1,587,212	0.19	365,312
Ordinary Resolution 4.8 Re-election of Mark Bankes	806,194,684	98.17	14,996,265	1.83	356,408
Ordinary Resolution 4.9 Election of Hoda Mansour	819,391,835	99.78	1,798,414	0.22	357,108
Ordinary Resolution 4.10 Election of Iman Naguib	819,355,065	99.78	1,828,138	0.22	364,154
Ordinary Resolution 5.1 Appointment of PricewaterhouseCoopers LLP (auditor)	810,240,349	98.48	12,500,068	1.52	485,061
Ordinary Resolution 5.2 Authorise the Directors to agree the auditor's remuneration	822,402,008	99.95	425,548	0.05	397,922
Ordinary Resolution 6 Authority to allot relevant securities	803,024,403	97.79	18,132,205	2.21	390,749
Special Resolution 7.1 Disapplication of pre-emption rights	796,926,473	97.09	23,859,936	2.91	760,948
Special Resolution 7.2 Further disapplication of pre-emption rights	779,113,259	94.88	42,011,537	5.12	422,561
Special Resolution 8 Market purchase of ordinary shares	807,599,778	98.55	11,913,357	1.45	2,034,222

In accordance with LR 9.6.2R, a copy of the results of the AGM, along with a copy of resolutions passed other than those concerning ordinary business at the AGM, have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

The scrutineers of the poll were Computershare Investor Services (Jersey) Limited. The full text of each of the resolutions is set out in the Notice of AGM, a copy of which is available on the Centamin website (https://www.centamin.com/investors/shares-dividends/shareholder-meetings/).

As announced on 21 March 2024, Dr Ibrahim Fawzy, Non-Executive Director, has retired from the Board as a Director effective from the close of the AGM today. The Board and management thank Dr Ibrahim Fawzy for the invaluable contribution during his tenure as a Board member.

FOR MORE INFORMATION please visit the website www.centamin.com or contact:

Centamin plc Michael Stoner, Head of Corporate investor@centaminplc.com

FTI Consulting Ben Brewerton / Sara Powell / Nick Hennis +442037271000 centamin@fticonsulting.com

_________________________________________________________________________________________________

-END
LEI: 213800PDI9G7OUKLPV84
Company No: 109180

^[1] The "For" vote includes those giving the Chair of the AGM discretion.

^[2] A "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' the resolution.

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SOURCE: Centamin PLC

View the original press release on accesswire.com

FAQ

What was the date of Centamin's AGM in 2024?

Centamin's AGM was held on May 21, 2024.

What dividend was declared at Centamin's 2024 AGM?

A final dividend of 2 US cents per share was declared.

Which auditor was appointed at Centamin's 2024 AGM?

PricewaterhouseCoopers LLP was appointed as the auditor.

What percentage of shares were voted at Centamin's 2024 AGM?

Approximately 71% of issued share capital were voted.

Did Centamin approve the disapplication of pre-emption rights at the 2024 AGM?

Yes, the disapplication of pre-emption rights was approved.