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Result of AGM and Board Update

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Kenmare Resources
Kenmare Resources

Kenmare Resources plc

(“Kenmare” or “the Company”)

 

26 May 2022

AGM Results and Board Update

At the Annual General Meeting (“AGM”) of Kenmare Resources plc ((LSE:KMR, ISE:KMR) held today at The Shelbourne Hotel, 27 St Stephen's Green, Dublin 2, all resolutions were duly passed on a poll. The full text of each resolution was included in the Notice of the Meeting to shareholders, dated 21 April 2022. In accordance with the Listing Rules, copies of the resolutions passed at the AGM (not relating to ordinary business) have been forwarded to the National Storage Mechanism and Euronext Dublin where they will shortly be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and https://direct.euronext.com/#/oamfiling

The full voting results are set out below:

Resolution

Votes For

%

Votes Against

%

Votes Withheld *

%

Total Votes

% of issued share capital voted

To consider the Report of the Directors and Accounts

74,058,420

100.00

168

0.00

34,819

0.05

74,058,588

78.02

To consider the Directors’ Remuneration Report

73,221,015

98.87

837,362

1.13

35,030

0.05

74,058,377

78.02

To declare a final dividend of USc25.42

per share

74,093,080

100.00

29

0.00

298

0.00

74,093,109

78.06

To re-elect Michael Carvill

74,091,107

100.00

2,002

0.00

298

0.00

74,093,109

78.06

To re-elect Elaine Dorward-King

73,654,553

99.45

404,035

0.55

34,819

0.05

74,058,588

78.02

To re-elect Clever Fonseca

74,091,100

100.00

2,009

0.00

298

0.00

74,093,109

78.06

To re-elect Graham Martin

73,826,260

99.64

266,849

0.36

298

0.00

74,093,109

78.06

To re-elect Tony McCluskey

73,924,742

99.77

168,367

0.23

298

0.00

74,093,109

78.06

To re-elect Sameer Oundhakar

68,834,082

100.00

163

0.00

5,259,162

7.64

68,834,245

72.52

To re-elect Deirdre Somers

71,231,095

96.14

2,862,014

3.86

298

0.00

74,093,109

78.06

To elect Mette Dobel

74,092,622

100.00

476

0.00

309

0.00

74,093,098

78.06

To elect Andrew Webb

74,092,994

100.00

104

0.00

309

0.00

74,093,098

78.06

To authorise Directors to fix auditor’s remuneration

74,092,983

100.00

374

0.00

50

0.0

74,093,357

78.06

To renew the authority to convene an EGM by 14 days’ notice.

74,018,751

99.90

74,650

0.10

6

0.00

74,093,401

78.06

To authorise the directors to allot relevant securities

73,551,297

99.27

542,099

0.73

11

0.00

74,093,396

78.06

To disapply statutory
pre-emption rights

73,575,244

99.30

516,044

0.70

2,119

0.00

74,091,288

78.05

To authorise market purchases

74,045,365

99.94

48,036

0.06

6

0.00

74,093,401

78.06

To authorise re-issue of treasury shares.

73,556,740

99.28

536,605

0.72

62

0.00

74,093,345

78.06

To amend the articles of association for proposed Odd-lot Offer

73,558,416

99.28

534,682

0.72

309

0.00

74,093,098

78.06

To authorise the making of an Odd-lot Offer

73,556,704

99.28

536,692

0.72

11

0.00

74,093,396

78.06

To authorise the making of an off-market purchase of shares**

73,452,324

99.28

535,253

0.72

11

0.00

74,093,396

77.38

*A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes for or against a resolution.

** In accordance with section 105(5) of the Companies Act 2014, votes cast in respect of shares held by or on behalf of Odd-lot Holders (as defined in the Circular dated 21 April 2022) on 21 April 2022 were required to be excluded when determining whether resolution 13 was passed. For technical reasons, in order to effect this, the aggregate number of shares held by or on behalf of Odd-lot Holders on 21 April 2022 was deducted from the votes cast in favour of the resolution.

Board update

As announced on 3 December 2021, Steven McTiernan retired at the Annual General Meeting and Andrew Webb, having been elected as a Director, has succeeded him as Chair of the Board of Directors of Kenmare.

 

For further information, please contact:

 

Kenmare Resources plc

Jeremy Dibb / Katharine Sutton

Investor Relations

ir@kenmareresources.com

Tel: +353 1 671 0411

Mob: +353 87 943 0367 / +353 87 663 0875

 

Murray (PR advisor)

Doug Keatinge

dkeatinge@murraygroup.ie

Tel: +353 1 498 0300

Mob: +353 86 037 4163

 

About Kenmare Resources

 

Kenmare Resources plc is one of the world’s largest producers of mineral sands products. Listed on the London Stock Exchange and the Euronext Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. Moma’s production accounts for approximately 8% of global titanium feedstocks and the Group supplies to customers in more than 15 countries. Kenmare produces raw materials that are ultimately consumed in everyday quality-of life items such as paints, plastics and ceramic tiles.


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