Endeavour Mining plc Reports Successful AGM Resolutions Passed
Endeavour Mining plc's AGM Outcomes and Highlights
Endeavour Mining plc is thrilled to inform its shareholders and stakeholders about the successful resolutions passed during the recent Annual General Meeting. The Company's commitment to transparency and shareholder engagement is evident as all resolutions were duly approved.
Detailed Vote Results at the Annual General Meeting
The AGM featured a series of resolutions, all of which were subject to a poll. The comprehensive results demonstrate overwhelming support from the shareholders. With a significant majority voting in favor, the results speak volumes about the confidence the investors have in the Company’s strategy and direction.
Ordinary Resolutions Overview
Among the ordinary resolutions, the proposal to receive the 2024 Annual Report received 99.99% votes in favor. This indicates a strong alignment between the management and shareholders regarding the Company's strategic direction. Further resolutions included the re-election of directors, with Alison Baker, Patrick Bouisset, Ian Cockerill, and others gaining substantial approval rates, ensuring their continued contribution to the Board.
Special Resolutions and Their Importance
The special resolutions focused on vital governance issues, including the authority to disapply pre-emption rights and a resolution permitting share buybacks. The remarkable approval rates demonstrate shareholders' trust in the management's ability to handle the Company's growth and operational decisions effectively.
Shareholder Engagement and Voting Rights
At the record date before the AGM, Endeavour Mining had a total of 242,212,493 ordinary shares issued and 103,147 shares held in treasury. The voting rights were calculated based on the issued ordinary shares, amounting to 242,109,346. It's crucial to note that a vote withheld is not counted when determining the proportion of votes 'for' or 'against' any resolution; thus, votes that weren't submitted have no impact on the resolutions passed.
Commitment to Transparency and Reporting
Copies of resolutions passed at the AGM will be made available on the FCA’s National Storage Mechanism soon, reaffirming Endeavour Mining's commitment to transparency and accountability. This openness enriches the relationship between the Company and its investors, fostering a culture of trust and collaboration.
About Endeavour Mining
Endeavour Mining is recognized as one of the world's leading gold producers, primarily focusing on operations in West Africa. With numerous mines across Senegal, Côte d’Ivoire, and Burkina Faso, the Company continues to explore and develop landmarks in the Birimian Greenstone Belt, a highly coveted geological region. Endeavour Mining is a member of the World Gold Council, showcasing its commitment to responsible mining and sustainable development.
The Company is publicly listed on the London Stock Exchange, Toronto Stock Exchange, and OTC Markets under the ticker symbols LSE:EDV, TSX-V:EDV, and OTCQX:EDVMF. For more details about Endeavour Mining and its operations, stakeholders can visit the official website, where they can access comprehensive information regarding the Company’s activities and corporate governance.
Frequently Asked Questions
What resolutions were passed at the AGM?
All resolutions proposed at the AGM were successfully passed, indicating strong shareholder support.
How did the shareholders vote on the election of directors?
The re-election of directors received significant approval, with votes ranging from 94.12% to 99.99% in favor.
What is the significance of the AGM outcomes?
The outcomes reflect the shareholders' confidence in the Company's direction and its management team, ensuring stability and continuity at the Board level.
Where can I find the AGM resolutions?
Copies of resolutions passed, except for ordinary business matters, will soon be available on the FCA’s National Storage Mechanism.
How large is Endeavour Mining in the gold production sector?
Endeavour Mining is one of the largest gold producers in West Africa, actively involved in significant mining operations and projects in the region.
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