REG - Caracal Gold PLC - Results of Annual General Meeting

Caracal GoldAnnouncement

25/11/2024 11:15

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RNS Number : 5339N  Caracal Gold PLC  25 November 2024

25 November 2024

Caracal Gold Plc

('Caracal' or the 'Company')

Results of Annual General Meeting

Caracal Gold Plc, the East African gold producer with over 1,300,000oz
JORC-compliant gold resources, is pleased to announce that all resolutions
proposed to shareholders at the Annual General Meeting ("AGM") held at 10.00am
on Friday 22(nd) November 2024 were duly passed on a show of hands.

 

The proxy votes received in relation to these resolutions were as follows:

 

 Resolution                                                                       Shares
                                                                                  For          % of votes  Against     % of votes  Withheld
 Ordinary Resolution:                                                             457,823,295  99.98%      97,808      0.02%       NIL

 1. To receive the report of the Directors and the financial statements of the
 Company for the period ended 30(th) June 2023.
 Ordinary Resolution:                                                             456,285,451  99.73%                  0.27%       384,261

 2. To re-elect, as a director, Simon Grant-Rennick, who retires in accordance                             1,251,391
 with Article 74 of the Articles and offers himself for re-election.

 Ordinary Resolution:                                                             452,467,951  98.89%                  1.11%       384,261

 3. To re-elect, as a director, Robert Andrew McCrae, who retires in accordance                            5,068,891
 with Article 74 of the Articles and offers himself for re-election.

 Ordinary Resolution:                                                             457,803,103  99.97%                  0.03%       1,024

 4. To appoint RPG Crouch Chapman LLP of 40 Gracechurch Street, London, EC3V                               116,976
 0BT, as auditors of the Company ("Auditors") from the conclusion of the AGM

 until the conclusion of the next AGM before which the accounts are laid.
 Ordinary Resolution:                                                             457,285,585  99.89%      502,261     0.11%       133,257

 5. To authorise the directors to determine the Auditors remuneration.
 Ordinary Resolution:                                                             440,392,601  96.94%      13,883,575  3.06%       3,644,927

 6. To authorise the directors of the Company to allot securities up to an
 aggregate nominal value of £8,500,000.
 Special Resolution:                                                              441,709,311  97.23%      12,566,865  2.77%       3,644,927

 7. To authorise the directors of the Company to disapply statutory pre-emption
 rights to allow equity securities for cash on a non-pre-emptive basis.

 

A vote withheld is not a vote in law and is not counted in the calculation of
the proportion of votes "For" or "Against" any of the resolutions.

 

* * ENDS * *

For further information visit www.caracalgold.com
(http://www.caracalgold.com/)  or contact the following:

 Caracal Gold plc

 Robbie McCrae                                                               robbie@kilimapesa.com (mailto:robbie@kilimapesa.com)

 Simon Grant-Rennick                                                         simon@caracalgold.com (mailto:simon@caracalgold.com)
 DGWA, the German Institute for Asset and Equity Allocation and Valuation    info@dgwa.org (mailto:info@dgwa.org)

 European Investor and Corporate Relations Advisor

 Katharina Löckinger

 

Notes:

Caracal Gold plc is an expanding East African focused gold producer with a
clear path to grow production and resources both organically and through
strategic acquisitions. Its aim is to rapidly increase production to
+50,000ozs p.a. and build a JORC compliant resource base of +3Moz. The Company
is progressing a well-defined mine optimisation strategy at its 100%
owned Kilimapesa Gold Mine in Kenya, where there is significant mid-term
expansion potential and the ability to increase gold production to 24,000oz
p.a. and the resource to +2Moz (current JORC compliant resources of approx.
706,000oz). Alongside this, Caracal owns 100% of Tyacks Gold Ltd which owns
the Nyakafuru Project in Tanzania, which has an established high-grade
shallow gold resource of 658,751oz at 2.08g/t contained within four deposits
over 280 km2 and appears amenable to development as a large scale conventional
open pit operation.

Caracal's experienced team has a proven track record in successfully
developing and operating mining projects throughout Africa.

The Company is a responsible mining and exploration company and supports the
positive social and economic change that it contributes to the communities in
the regions that it operates. It is a proudly East African-focused company: it
buys locally, employs locally, and protects the environment and its employees
and their families' health, safety, and wellbeing.

 

 

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