REG - Greatland Gold PLC - Result of AGM

Greatland GoldAnnouncement

14/12/2021 11:20

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RNS Number : 6069V  Greatland Gold PLC  14 December 2021

 

 

14 December 2021

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

Greatland Gold plc

("Greatland" or "the Company")

 

Result of AGM

 

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and
development company, announces that at the Annual General Meeting, held
earlier today, all resolutions proposed at the meeting were approved.

 

Details of the voting results, which should be read alongside the Notice of
AGM, are below:

 Resolution  Votes                             Votes                             Votes withheld  Total        Result

             for *                             against                                           votes
             No. of votes  % of votes cast **  No. of votes  % of votes cast **
 1           674,942,640   93.2%               49,339,446    6.8%                1,825,412       726,107,498  Approved
 2           347,213,740   50.9%               334,673,960   49.1%               44,219,798      726,107,498  Approved
 3           719,247,343   99.2%               6,027,159     0.8%                832,996         726,107,498  Approved
 4           723,806,505   99.9%               1,082,997     0.1%                1,217,996       726,107,498  Approved
 5           723,585,319   99.8%               1,675,706     0.2%                846,473         726,107,498  Approved
 6           720,048,486   99.9%               682,269       0.1%                5,376,743       726,107,498  Approved
 7           711,153,347   98.5%               10,919,592    1.5%                4,034,559       726,107,498  Approved
 8           705,015,527   98.4%               11,756,418    1.6%                9,335,553       726,107,498  Approved
 9           707,590,547   98.6%               9,733,218     1.4%                8,783,733       726,107,498  Approved

*   Includes discretionary votes

** Excludes withheld votes

The Company notes the outcome for Resolution 2 and recognises the differing
interpretations of the benefits of Non-Executive Directors holding options and
believes there are benefits for wider shareholder alignment vis-à-vis its
potential to impact the perception of independence.

 

The growth of Greatland in recent years has been substantial and its success
has been supported by the contribution of an experienced Board and executive
management team. The Company's view is that a strong Board and executive team
is essential for Greatland's continued success, particularly as it moves
through development and into maiden production of its flagship asset.

Greatland would like to reiterate that the Board considers all the
Non-Executive Directors to be independent in judgement and character. In
demonstrating its commitment to continued strong corporate governance, in
September 2021 the Board recognised the need to strengthen its independence by
appointing Paul Hallam as a Non-Executive Director of the Company, which
increased the ratio of Board independence from 50% to 75%. Furthermore, the
Board recognises the value of good governance and complies with the guidelines
contained in the QCA Corporate Governance Code and is undertaking a search for
additional high quality Non-Executive Directors.

 

 

Enquiries:

 

 Greatland Gold PLC                                                    +44 (0)20 3709 4900

 Shaun Day                                                             info@greatlandgold.com

                                                                       www.greatlandgold.com

 SPARK Advisory Partners Limited (Nominated Adviser)                   +44 (0)20 3368 3550

 Andrew Emmott/James Keeshan

 Berenberg (Joint Corporate Broker and Financial Adviser)              +44 (0)20 3207 7800

 Matthew Armitt/ Varun Talwar/Alamgir Ahmed/Detlir Elezi

 Canaccord Genuity (Joint Corporate Broker and Financial Adviser)      +44 (0)20 7523 8000

 James Asensio/Patrick Dolaghan

 Hannam & Partners (Joint Corporate Broker and Financial Adviser)      +44 (0)20 7907 8500

 Andrew Chubb/Matt Hasson/Jay Ashfield

 SI Capital Limited (Joint Broker)                                     +44 (0)14 8341 3500

 Nick Emerson/Alan Gunn

 Luther Pendragon (Media and Investor Relations)                       +44 (0)20 7618 9100

 Harry Chathli/Alexis Gore

 

 

Notes for Editors:

 

Greatland Gold plc (AIM:GGP) is a mining development and exploration company
with a focus on precious and base metals. The Company's flagship asset is the
world-class Havieron gold-copper deposit in the Paterson region of Western
Australia, discovered by Greatland and presently under development in Joint
Venture with Newcrest Mining Ltd.

Havieron is located approximately 45km east of Newcrest's Telfer gold mine
and, subject to positive decision to mine, will leverage the existing
infrastructure and processing plant to significantly reduce the project's
capital expenditure and carbon impact for a low-cost pathway to development.
An extensive growth drilling programme is presently underway at Havieron with
a maiden Pre-Feasibility Study released on the South-East crescent on 12
October 2021. Construction of the box cut and decline to develop the Havieron
deposit commenced in February 2021.

Greatland has a proven track record of discovery and exploration success. It
is pursuing the next generation of tier-one mineral deposits by applying
advanced exploration techniques in under-explored regions. The Company is
focused on safe, low-risk jurisdictions and is strategically positioned in the
highly prospective Paterson region. Greatland has a total six projects across
Australia with a focus on becoming a multi-commodity mining company of
significant scale.

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