REG - Capital Limited - Results of Annual General Meeting

CapitalAnnouncement

28/04/2022 15:00

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RNS Number : 7484J  Capital Limited  28 April 2022

 For Immediate Release  28 April 2022

 

 

 

Capital Limited

("Capital", the "Group" or the "Company")

 

Results of Annual General Meeting

 

The Board of Directors of Capital Limited announces that all resolutions put
to shareholders at today's Annual General Meeting ("AGM") were duly passed.

 

The Company's issued share capital eligible to be voted at the AGM
was 190,891,187 shares and 68.2% of the Company's issued share capital was
voted at the AGM.

 

During today's AGM, Executive Chairman Jamie Boyton gave a presentation
followed by a Q&A session for shareholders. The presentation can be found
here (https://www.capdrill.com/investors/announcements)
(https://www.capdrill.com/investors/announcements
(https://www.capdrill.com/investors/announcements) ).

 

The details of the proxy votes lodged are set out below:

 

 RESOLUTION NUMBER  FOR          %       AGAINST     %      WITHHELD    TOTAL
 1                  130,022,803  100.00  -           -      193,063     130,215,866
  2*                104,952,236  81.55   23,743,630  18.45  1,520,000   130,215,866
 3                  99,153,585   88.44   12,954,347  11.56  18,107,934  130,215,866
 4                  120,227,741  96.48   4,387,092   3.52   5,601,033   130,215,866
 5                  127,406,290  97.86   2,789,576   2.14   20,000      130,215,866
 6                  119,733,567  97.37   3,234,755   2.63   7,247,544   130,215,866
 7                  130,095,497  99.93   95,309      0.07   25,060      130,215,866
 8                  130,171,201  100.00  -           -      44,665      130,215,866
 9                  104,622,514  98.58   1,511,490   1.42   24,081,862  130,215,866
 10                 130,145,166  99.96   50,000      0.04   20,700      130,215,866
 11                 128,637,280  99.95   58,586      0.05   1,520,000   130,215,866
 12                 128,695,166  100.00  -           -      1,520,700   130,215,866
 13                 130,166,610  100.00  -           -      49,256      130,215,866

 

*The Board notes that 18.45% of votes cast were against the Remuneration
Report.  The Remuneration Committee consulted with its major shareholders in
respect of the changes made to remuneration in early 2022. The package of
changes is aimed at ensuring that the Executive Directors' remuneration
arrangements effectively serve the best interests of the Company and its
shareholders.  The Board will continue to engage with shareholders and
continue to take account of shareholder views in taking decisions on executive
remuneration.

 

A copy of the results of the AGM, along with a copy of resolutions passed
other than those concerning ordinary business at the AGM, have been submitted
to the Financial Services Authority's National Storage Mechanism and will
shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

- ENDS -

For further information, please visit Capital's website www.capdrill.com or
contact:

 

 Capital                                                                                                                                                                  +230 464 3250
 Limited

                                                                                                                                                                        investor@capdrill.com (mailto:investor@capdrill.com)
 Jamie Boyton, Executive
 Chairman

 Giles Everist, Chief Financial Officer

 Conor Rowley, Investor Relations & Corporate Development Manager

 Berenberg                                                                                                                                                                +44 20 3207 7800

 Matthew Armitt

 Jennifer Wyllie

 Detlir Elezi
 Tamesis Partners LLP                                                                                                                                                     +44 20 3882 2868

 Charlie Bendon

 Richard Greenfield

 Stifel Nicolaus Europe Limited                                                                                                                                           +44 20 7710 7600

 Ashton Clanfield

 Callum Stewart

 Rory Blundell

 Buchanan                                                                                                                                                                 +44 20 7466 5000

 Bobby Morse                                                                                                                                                              capital@buchanan.uk.com

 James Husband

 

About Capital Limited

Capital Limited is a leading mining services company providing a complete
range of drilling, mining, maintenance, and geochemical laboratory solutions
to customers within the global minerals industry, focusing on the African
markets. The Company's services include: exploration, delineation and
production drilling; load and haul services; mining equipment hire and
maintenance; and geochemical analysis. The Group's corporate headquarters are
in Mauritius and it has established operations in Burkina Faso, Côte
d'Ivoire, Egypt, Guinea, Kenya, Mali, Mauritania, Nigeria, Saudi Arabia and
Tanzania.

 

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