REG - Aura Energy Limited - Notice of AGM

Aura EnergyAnnouncement

25/10/2024 07:30

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RNS Number : 6579J  Aura Energy Limited  25 October 2024

25 October 2024

Aura Energy Limited

("Aura" or the "Company")

Notice of Annual General Meeting

 

Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura", the "Company") advises that
its Notice of Annual General Meeting ("AGM") and Proxy Forms will be issued to
shareholders today and are available on the Company's website at:
https://www.auraenergy.com.au/ (https://www.auraenergy.com.au/)

The AGM will be held at the offices of Thomson Geer, Level 29, Central Park
Tower, 152-158 St Georges Terrace, Perth WA 6000. The AGM will also be
broadcast live via the Company's online meeting platform
(https://us02web.zoom.us/j/86772055171?pwd=gXEATrYuOCYonPtGGxGN6oiaTPfSIi.1
(https://us02web.zoom.us/j/86772055171?pwd=gXEATrYuOCYonPtGGxGN6oiaTPfSIi.1) )
on Tuesday 26 November 2024 at 4:00pm AWST (8.00am GMT). There will be no
online voting at the meeting.

Any updates will be included on the Company's website and through a Regulatory
Information Service. Shareholders are strongly encouraged to submit their
votes by proxy as soon as possible, appointing the Chairperson of the AGM as
their proxy, so that their votes can be taken into account. There will be no
online voting at the meeting.

If you are unable to attend the AGM in person, please register for the meeting
in advance should you wish to attend it virtually using the link provided
above.

Business of the AGM

The meeting will seek approval for, inter alia:

1.   Remuneration Report

2.   Re-election of Mr Philip Mitchell as Director

3.   Re-election of Mr Patrick Mutz as Director

4.   Ratify prior issue of Offtake Restructure Shares to refresh 15%
Placement Capacity

5.   Ratify prior issue of Placement Shares to refresh 15% Placement
Capacity

6.   Ratify prior issue of Placement Options to refresh 15% Placement
Capacity

7.   Approval of 10% Placement Facility

8.   Issue of Sign-On Options to Mr Andrew Grove

9.   Issue of Incentive Options to Mr Andrew Grove

10. Issue of Options to Mr Philip Mitchell

11. Issue of Options to Mr Bryan Dixon

12. Issue of Options to Mr Patrick Mutz

13. Issue of Options to Mr Warren Mundine

14. Section 195 Approval

15. Spill Resolution (Conditional Resolution)

 

Proposed Grant of Options to Directors

Ordinary resolutions will be proposed at the AGM pursuant to which
shareholders will be asked to approve the grant of options to Directors of the
Company.

Mr Andrew Grove is proposed to be granted 4,941,860 zero priced incentive
options ("Incentive Options") as part of his incentive-based remuneration
package as Managing Director and Chief Executive Officer of the Company. The
Incentive Options will only vest and become exercisable if Mr Grove remains
employed or engaged by the Company, meets challenging performance measures
over the three-year performance period commencing 1 July 2024 and the Company
achieving a share price gateway during a six month period. The Incentive
Options will expire on 30 June 2029.

A further 1,500,000 zero priced incentive options are proposed to be granted
to Managing Director and Chief Executive Officer, Mr Andrew Grove as part of
his sign-on remuneration package of Mr Grove (the "Sign-On Options"). The
Sign-On Options will only vest and become exercisable at any time prior to the
expiry date of 25 November 2029, subject to Mr Grove remaining employed or
engaged by the Company on the date which is two years from the date the
Sign-On Options are granted.

An aggregate of 1,395,350 zero priced incentive options are proposed to be
granted to the non-executive Directors of the Company ("Director Options") as
part of their remuneration package and expire on 30 June 2029. The Director
Options will vest and become exercisable if the relevant Non-Executive
Director remains in their position as a Non-Executive Director on the date
which is three years from the vesting commencement date of 1 July 2024. There
will be no incremental vesting of any Director Options during the three-year
period. The exercise of any vested Director Options is subject to the relevant
Non-Executive Director remaining employed or engaged as a Director on the date
the Director Options are exercised.

 

 Director         Type of proposed option  Number of proposed options
 Andrew Grove     Sign-On Options          1,500,000
 Andrew Grove     Incentive Options        4,941,860
 Philip Mitchell  Director Options         465,116
 Bryan Dixon      Director Options         310,078
 Patrick Mutz     Director Options         310,078
 Warren Mundine   Director Options         310,078

 

 

Please refer to the link below to view the full Notice of Meeting and Proxy
Forms: http://www.rns-pdf.londonstockexchange.com/rns/6579J_1-2024-10-25.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6579J_1-2024-10-25.pdf)

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain.

For Further Information, please contact:

 Andrew Grove                                   Paul Ryan                                            SP Angel Corporate Finance LLP

 Managing Director and CEO                      Sodali & Co                                          Nominated Advisor and Broker

 Aura Energy Limited                            Investor & Media Relations                           David Hignell

 agrove@auraee.com (mailto:Agrove@auraee.com)   paul.ryan@sodali.com (mailto:paul.ryan@sodali.com)   Adam Cowl

 +61 414 011 383                                +61 409 296 511                                      Devik Mehta

                                                                                                     Grant Barker

                                                                                                     +44 203 470 0470

 

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