REG - Andrada Mining Ltd - Result of AGM

Andrada MiningAnnouncement

30/09/2024 16:30

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RNS Number : 3066G  Andrada Mining Limited  30 September 2024

Andrada Mining Limited

("Andrada" or the "Company")

Results of the Annual General Meeting

Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), the African technology metals
mining company with a portfolio of mining and exploration assets in Namibia,
announces that, at its Annual General Meeting ("AGM") held earlier today all
resolutions were duly passed.

The details of the voting are set out below and can be found on the Company's
website: https://andradamining.com/investors/corporate-publications/2/
(https://andradamining.com/investors/corporate-publications/2/)

 

 Ordinary resolutions                                                                             Votes        %      Votes       %

                                                                                                  FOR                 AGAINST
 1               Approve the Annual Financial Statements                                          751 470 046  95.58  34 698 726  4.41

                 of the Company and the Directors' report and the report of the Auditor for the
                 year ended 29 February 2024.
 2               Approve the re-election of Terence Goodlace as a Director of the Company.        714 110 349  90.83  72 058 423  9.16
 3               Approve the re-election of Laurence Robb as a Director of the Company.           714 110 349  90.83  72 058 423  9.16
 4               Approve the re-appointment of Messrs BDO LLP as Auditors to the Company.         766 394 234  97.48  274 538     0.03
 5               Authorise the Directors to approve the                                           786 144 027  99.99  24 745      0.00

                 remuneration of the Company's Auditors.
 6               Authorise the Company to generally and unconditionally make market               751 444 711  95.57  34 724 061  4.42
                 acquisitions of Ordinary Shares.
 7               Authorise the Directors to issue equity securities (as defined in Article 5.1    783 831 292  99.69  2 141 543   0.27
                 of the Articles) in respect of up to 545 650 910 shares representing
                 approximately 33% of the issued share capital of the Company on 28 August
                 2024.
 Extra-ordinary resolutions                                                                       Votes        %      Votes       %

                                                                                                  FOR                 AGAINST
 8               Authorise the Directors to grant rights to                                       713 993 815  90.81  72 060 922  9.17

                 subscribe for shares to Directors or employees of the

                 Company in accordance with Article 4.2 of the Articles as part of the
                 previously adopted Directors and employees share option schemes (together the
                 "Options").
 9               Disapplication of general pre-emption rights to Resolution 7                     764 937 148  97.29  20 919 963  2.66

                 To authorise the Directors to issue equity securities as if the pre-emption
                 rights contained in Article 5.2 of the Articles did not apply to such issue
                 provided that such authority shall be limited to the listed conditions.
 10              Disapplication of pre-emption rights to Resolution 7 and 9 for acquisition or    765 133 085  97.32  20 919 963  2.66
                 capital investment

                 To authorise the Directors to issue equity securities and/or sell Ordinary
                 Shares held by the Company as treasury shares for cash as if the pre-emption
                 rights contained in Article 5.2 of the Articles did not apply to such issuance
                 or sale, provided such authority shall be limited to the stated listed
                 conditions.

 

 

 

 

 CONTACTS                             +27 (11) 268 6555
 Andrada Mining

Anthony Viljoen, CEO

 Sakhile Ndlovu, Investor Relations

 NOMINATED ADVISOR & BROKER
 Zeus Capital Limited                  +44 (0) 20 2382 9500

Katy Mitchell

 Harry Ansell

 Andrew de Andrade

 CORPORATE BROKER & ADVISOR
 H&P Advisory Limited                 +44 (0) 20 7907 8500

Andrew Chubb

 Jay Ashfield

 Matt Hasson

 Berenberg                            +44 (0) 20 3753 3040

Jennifer Lee

 Natasha Ninkov

 FINANCIAL PUBLIC RELATIONS
 Tavistock (United Kingdom)           +44 (0) 207 920 3150

Emily Moss

                                    andrada@tavistock.co.uk
 Josephine Clerkin

About Andrada Mining Limited

Andrada Mining Limited is listed on the London Stock Exchange (AIM), New York
(OTCQB) and Namibia Stock Exchange with mining assets in Namibia, a top-tier
investment jurisdiction in Africa. Andrada strives to produce critical raw
materials from a large resource portfolio, to contribute to a more sustainable
future, improved living conditions and the upliftment of communities adjacent
to its operations. Leveraging its strong foundation in Namibia, Andrada is on
a strategic path to becoming a leading African producer of critical metals
including lithium, tin, tungsten, tantalum and copper. These metals are
important enablers of the green energy transition, being essential for
components of electric vehicles, solar panels and wind turbines.

 

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