Centerra Gold Announces Election of Directors

Rhea-AI Summary

On May 11, 2021, Centerra Gold announced the successful election of 11 director nominees during its annual general meeting. A total of 168,096,447 shares were represented, equating to 56.69% of the company’s issued shares. Notably, Richard W. Connor received the highest approval rate at 98.25%, while Sheryl K. Pressler had the lowest approval at 69.50%. Detailed voting results are to be made available on SEDAR and EDGAR. Centerra operates three mines in North America and Central Asia, strengthening its position as a significant player in gold production.

Positive

• Successful election of 11 directors, ensuring continuity in leadership.
• High voter turnout with 56.69% of shares represented at the meeting.

Negative

• Sheryl K. Pressler received only 69.50% of votes, indicating potential shareholder concerns.

TORONTO, May 11, 2021 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) (“Centerra”) announces that the 11 nominees listed in the management information circular for its 2021 annual general meeting of shareholders (the “Meeting”) held earlier today were elected as directors of Centerra. The vote for director nominees was conducted by ballot. 168,096,447 shares were represented at the Meeting, representing 56.69% of Centerra’s issued and outstanding common shares. The detailed results of the vote for the election of directors are set out below:

Nominee		Votes For		% Votes For		Votes Withheld		% Votes Withheld
Tengiz A.U. Bolturuk		155,423,290		93.66		10,519,594		6.34
Richard W. Connor		163,036,014		98.25		2,906,870		1.75
Dushen Kasenov		155,839,989		93.91		10,102,895		6.09
Nurlan Kyshtobaev		165,435,507		99.69		507,377		0.31
Michael S. Parrett		156,884,743		94.54		9,058,141		5.46
Jacques Perron		157,323,574		94.81		8,619,310		5.19
Scott G. Perry		163,997,870		98.83		1,945,014		1.17
Sheryl K. Pressler		115,323,101		69.50		50,619,783		30.50
Bruce V. Walter		161,892,447		97.56		4,050,437		2.44
Paul N. Wright		165,903,240		99.98		39,644		0.02
Susan Yurkovich		161,335,365		97.22		4,607,519		2.78

Final voting results on all matters voted on at the Meeting will be filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.

About Centerra Gold
Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Asia and other markets worldwide and is one of the largest Western-based gold producers in Central Asia. Centerra operates three mines, the Kumtor Mine in the Kyrgyz Republic, the Mount Milligan Mine in British Columbia, Canada and the Öksüt Mine in Turkey. Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG and on the New York Stock Exchange (NYSE) under the symbol CGAU. The Company is based in Toronto, Ontario, Canada.

For more information:
John W. Pearson
Vice President, Investor Relations
(416) 204-1953
john.pearson@centerragold.com

Additional information on Centerra is available on the Company’s web site at www.centerragold.com and at SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.

A PDF accompanying this announcement is available at: http://ml.globenewswire.com/Resource/Download/959dcd1a-3ed5-462e-9b53-4e0aa089c627 

FAQ

What were the results of the May 2021 Centerra Gold annual general meeting?

During the May 11, 2021 meeting, 11 director nominees were elected, with Richard W. Connor receiving the highest approval at 98.25%.

How many shares were represented at the Centerra Gold 2021 meeting?

A total of 168,096,447 shares were represented, which is 56.69% of the outstanding common shares.

What percentage of votes did Sheryl K. Pressler receive?

Sheryl K. Pressler received 69.50% of the votes, with 30.50% withheld.

What is the significance of the May 2021 meeting for Centerra Gold's shareholders?

The meeting was significant as it confirmed the election of directors, which is crucial for the company's governance and strategic direction.