REG - Golden Prospect Prec Golden Prospect-GPSS - Result of Annual General Meeting

Golden Prospect Precious MetalsAnnouncement

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RNS Number : 4652K  Golden Prospect Precious Metals Ltd  29 May 2025

29 May 2025

 

GOLDEN PROSPECT PRECIOUS METALS LIMITED (the "Company")

 

Result of Annual General Meeting

 

The Company announces the results of voting on the resolutions at its Annual
General Meeting ("AGM") held at 1 Royal Plaza, Royal Avenue, St Peter Port,
Guernsey, GY1 2HL on 28 May 2025.

A poll was held on each resolution and all resolutions were passed by the
required majority.

 

                                                                                  FOR               AGAINST        TOTAL VOTES  VOTES WITHHELD*

 ORDINARY RESOLUTIONS

                                                                                  Votes      %      Votes    %
 1. To receive the Company's Annual Report and Audited Financial Statements       8,637,359  99.94  5,247    0.06  8,642,606    9,212
 for the year-ended 31 December 2024.
 2.  To re-appoint BDO Limited as auditor to the Company until the conclusion     8,609,634  99.64  31,467   0.36  8,641,101    10,717
 of the next general meeting at which accounts are laid before the Company.

 3.  To authorise the Directors of the Company to determine the remuneration      8,576,336  99.84  13,765   0.16  8,590,101    61,717
 of the auditor.

 4.   To re-elect Mr Toby Birch as Chairman of the Company who retires in         8,598,959  99.90  8,750    0.10  8,607,709    44,109
 accordance with recommendations of the AIC Corporate Governance Code.

 5.     To re-elect Ms Monica Tepes as a Director of the Company who retires      8,489,335  98.74  108,374  1.26  8,597,709    54,109
 in accordance with the recommendations of the AIC Corporate Governance Code.

 6.   To elect Mrs Helen Green as a Director of the Company who retires in        8,478,689  99.96  3,500    0.04  8,482,189    169,629
 accordance with Article 21.2 of the Articles of the Company.

 7.  To authorise the Company, in accordance with Article 4.8 of the Articles     8,637,601  99.94  5,005    0.06  8,642,606    9,212
 of Association of the Company and The Companies (Guernsey) Law, 2008, as
 amended (the "Law"), to make market purchases of its own ordinary shares of
 £0.001 each ("Ordinary Shares"), such authorisation conditional upon the
 Ordinary Shares of the Company continuing to be admitted to listing on The
 International Stock Exchange ("TISE") and, with the exception of a tender
 offer or partial offer being made to all holders of Ordinary Shares on the
 same terms:

 7.1 the maximum number of Ordinary Shares hereby authorised to be purchased
 shall be up to 14.99% of the Company's existing issued ordinary share capital;

 7.2 the minimum price (exclusive of expenses) which may be paid for the
 Ordinary Shares to be £0.001 per Ordinary Share;

 7.3 the maximum price (exclusive of expenses) payable by the Company for the
 Ordinary Shares to be 5% above the average of the closing middle market
 quotations (as derived from Bloomberg) of an Ordinary Share for the five (5)
 consecutive dealing days preceding the date on which the purchase is made;

 7.4 the authority (unless previously renewed or revoked) will expire at the
 end of the annual general meeting of the Company to be held in 2026 or, if
 earlier, the date being eighteen months from the date of passing of this
 resolution;

 7.5 the Company may make a contract to purchase its own Ordinary Shares under
 the authority hereby conferred prior to the expiry of such authority which
 will or may be executed or wholly or partly executed after the expiry of such
 authority, and may make a purchase of its own Ordinary Shares in pursuance of
 any such contract; and

 7.6 the purchase price for any Ordinary Shares may be paid by the Company out
 of distributable profits or out of capital and share premium or otherwise to
 the fullest extent permitted by The Companies (Financial Assistance for
 Acquisition of Own Shares) Ordinance, 1998.

 

*A 'vote withheld' is not a vote in law and is not counted towards the
proportion of votes 'for' and 'against' a resolution.

 

As at the date of the AGM, the number of ordinary shares in issue, and
therefore the total number of voting rights was 93,248,499.

 Enquiries

 Manulife | CQS Investment Management

 Craig Cleland                                        +44 (0) 20 7201 5368

 Cavendish Capital Markets Limited

 Robert Peel (Corporate Finance)                      +44 (0) 20 7908 6000

 Daniel Balabanoff / Pauline Tribe (Sales)            +44 (0) 20 7720 0500

 Apex Fund and Corporate Services (Guernsey) Limited

 James Taylor / Harriet Roberts                       +44 (0) 203 5303 600

 Tavistock

 Jos Simson / Gareth Tredway / Ruairi Millar          +44 (0) 20 7920 3150

 

About Golden Prospect Precious Metals

 

Golden Prospect Precious Metals Limited is a closed-ended investment company
incorporated with limited liability in Guernsey on 16 October 2006, which was
established to provide a listed entity for investors to gain exposure to the
Company's investment strategy within the gold and precious metals sector.

 

For the latest factsheet and other information, click here
(https://ncim.co.uk/golden-prospect-precious-metals-ltd/) .

 

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