REG - Scotgold Resources - Result of AGM

Scotgold ResourcesAnnouncement

26/11/2019 15:10

RNS Number : 7403U
Scotgold Resources Ltd
26 November 2019
 


26 November 2019
 
Scotgold Resources Limited (AIM:SGZ)
("Scotgold" or the "Company")
Results of 2019 Annual General Meeting
The Company confirms that all resolutions put to shareholders at the Annual General Meeting ("AGM") held today, were carried on a show of hands.
 
The Company received valid proxies representing 71.93% of the total number of shares in the Company with voting rights.
 
It is noted that following a motion tabled to amend Resolution 3, the amended Resolution was carried unanimously on the following terms:
 
"That, approval is given for the Company to grant, Mr Richard Gray CEO, 1,000,000 options exercisable at £0.30, vesting on the date of first production of gold with an expiry date of 1 May 2028"
 
The motion to amend Resolution 3 was proposed to correct the date of expiry of options (previously referred to as "Warrants" in the RNS of 03 May 2019)  with the terms as agreed by the Board and  announced on 03 May 2018, whereby the options were to vest upon the latter of 1 year from the date of award or from first gold production and have an expiry date of 10 years from award.
 
 



Resolution


For


% of received


Against


% of received


Open Usable


% of received


Abstain


% of received




1: Re-election of director - Chris Sangster


35,318,299


99.98%


0


0.00%


6,022


0.02%


0


0




2: Election of Director - Ian Proctor


35,317,624


99.98%


675


0.00%


6,022


0.02%


0


0




3: Executive Management Options


35,313,563


99.97%


4,736


0.01%


6,022


0.02%


0


0




4: Management Incentive Share Capacity


35,313,110


99.97%


5,189


0.01%


6,022


0.02%


0


0



                                                        
 
For further information please contact:



Scotgold Resources Limited
Richard Gray
 


Tel: +44 (0)1838 400 306




SP Angel Corporate Finance LLP
Nomad and Joint Broker
Ewan Leggat / Charlie Bouverat
 


Tel +44 (0) 20 3470 0470




Smaller Company Capital Ltd
Joint Broker
Rupert Williams
 


Tel: +44 (0)20 3651 2911




Capital Markets Consultants
Financial PR
Simon Rothschild


Tel: +44 (0) 7703 167 065



 




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