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Caledonia Mining Corporation Plc Results of Annual General Meeting

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Caledonia Mining Corporation Plc (CMCL) held its annual general meeting on May 4, 2022, with 35.17% of shares represented. All resolutions, including reappointments of directors and auditors, were passed with significant majorities. Specifically, Leigh Wilson received 97.55% support while Steve Curtis garnered 99.51%. The AGM also approved the authority for the company to buy back up to 10% of its share capital. The full details are available on their official website.

Positive
  • All resolutions passed at the AGM with strong support from shareholders.
  • Significant majority for director reappointments indicates shareholder confidence.
  • Authority to buy back up to 10% of share capital may support stock price.
Negative
  • None.

ST HELIER, Jersey, May 04, 2022 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (the "Company") (NYSE American, AIM and VFEX: CMCL) announces the results of its annual general meeting of shareholders (the “AGM”) held at St Helier, Jersey today.  

The total number of shareholders present in person or by proxy at the AGM was 78, representing 35.17% of the Company’s outstanding voting shares.

The table below shows the proxy votes received on resolutions 1(a) to 1(h), which were duly passed by a show of hands, to reappoint the eight nominees proposed for re-election as directors:

NomineeForPercentAgainstPercentAbstained
Leigh Wilson4,388,99997.55%110,2472.45%14,446
Steve Curtis 4,478,84599.51%22,1870.49%12,660
Mark Learmonth 3,909,75386.86%591,47913.14%12,460
John Kelly4,406,06997.96%91,5672.04%16,056
Johan Holtzhausen4,440,35498.71%57,9561.29%15,382
Dana Roets4,471,27899.47%23,6320.53%18,782
Nick Clarke4,448,80498.92%48,7161.08%16,172
Geralda Wildschutt4,440,86198.73%57,1451.27%15,686

Further resolutions 2, 3, 4 and 5 were also passed at the AGM so that:

  • BDO South Africa Inc was reappointed as the auditor of the Company for the ensuing year and the directors were authorised to fix its remuneration;
  • Messrs. Holtzhausen, Kelly and Wildschutt were reappointed as members of the Audit Committee; and
  • the Company was granted an authority to make market purchases of up to 10% of its share capital and to hold repurchased shares in treasury.

The full text of each resolution, together with explanatory notes, are set out in the notice of AGM and management information circular dated March 22, 2022 which are available on the Company's website at www.caledoniamining.com.

Enquiries

Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall

Tel: +44 1534 679 802
Tel: +44 7817 841793
  
WH Ireland
Jessica Cave/ Andrew De Andrade

Tel: +44 20 7220 1751
  
Liberum Capital Limited
Scott Mathieson/Kane Collings

Tel: +44 20 3100 2000
  
BlytheRay Financial PR
Tim Blythe/Megan Ray

Tel: +44 207 138 3204
  
3PPB
Patrick Chidley
Paul Durham

Tel: +1 917 991 7701
Tel: +1 203 940 2538
  
Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77280 2131

 


FAQ

What were the results of Caledonia Mining's AGM on May 4, 2022?

The AGM resulted in all resolutions being passed, including the reappointment of directors and auditors.

What percentage of shares were represented at Caledonia Mining's AGM?

35.17% of the company's outstanding voting shares were represented at the AGM.

Which director received the highest vote percentage at Caledonia Mining's AGM?

Steve Curtis received 99.51% of votes in favor of his reappointment.

What authority was granted to Caledonia Mining regarding share buybacks?

The company was granted the authority to make market purchases of up to 10% of its share capital.

Where can I find detailed information about Caledonia Mining's AGM resolutions?

Detailed information is available on Caledonia Mining's official website.

Caledonia Mining Corporation Plc

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Saint Helier