REG - Shanta Gold Limited - Results of 2023 AGM

Shanta GoldAnnouncement

28/04/2023 15:30

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RNS Number : 9327X  Shanta Gold Limited  28 April 2023

28 April 2023

Shanta Gold Limited

 

("Shanta Gold", "Shanta" or the "Company")

 

Result of the Annual General Meeting

 

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and
explorer, announces that all resolutions put to shareholders were duly passed
at the Company's Annual General Meeting, which took place on 28 April 2023 at
11 New Street, St Peter Port, Guernsey, GY1 3EG.

 

The results from the meeting were as follows:

 

 Resolution                                                                              Total Votes Cast  For (1)             Against             Withheld/ Abstained
                                                                                                           Number       %      Number      %
 1.      To receive and consider the profit and loss account and the balance sheet of    459,668,289       459,666,289  99.99  2,000       0.0004  17,130
         the Company for the financial year ended December 2022.
 2.      To receive and consider the report of the directors of the Company.             459,662,909       459,590,321  99.98  72,588      0.02    22,510
 3.      To receive and consider the report of the auditors of the Company.              459,614,002       459,612,002  99.99  2,000       0.0004  71,417
 4.      To approve the Directors' remuneration paid for the year to 31 December 2022    457,845,763       405,901,918  88.65  51,943,845  11.35   1,839,656
         as detailed in the 2022 Annual Report and Accounts.
 5.      To re-appoint BDO LLP as the auditors of the Company.                           459,434,425       459,236,525  99.96  197,900     0.04    250,994
 6.      To approve the Non-Executive Directors' aggregate fees for the period between   458,131,244       457,356,831  99.83  774,413     0.17    1,554,175
         1 January 2023 to 31 December 2023 inclusive to be US$405,000.
 7.      To authorise the directors to fix the remuneration of the auditors as the       459,306,525       459,304,525  99.99  2,000       0.0004  378,894
         directors see fit.
 8.      To consider and if thought fit re-elect Anthony Peter Wynn Durrant as director  458,476,950       458,394,962  99.98  81,988      0.02    1,208,469
         of the Company who retires by rotation and who makes himself available for
         re-election as a director of the Company.
 9.      To approve a final dividend proposed by the Directors of 0.10 pence per share.  459,672,289       459,670,289  99.99  2,000       0.0004  13,130

 

1.     Includes Discretionary votes of 31,606

 

 

Enquiries:

 

 Shanta Gold Limited
 Eric Zurrin (CEO)                               +44 (0) 14 8173 2153
 Michal Devine (CFO)

 Nominated Adviser and Joint Broker
 Liberum Capital Limited
 Scott Mathieson / Ed Thomas / Nikhil Varghese   +44 (0) 20 3100 2000

 Joint Broker
 Tamesis Partners LLP
 Charlie Bendon / Richard Greenfield             +44 (0) 20 3882 2868

 Public Relations
 FTI Consulting
 Sara Powell / Nick Hennis                       +44 (0) 20 3727 1426

 

About Shanta Gold

 

Shanta Gold is an East Africa-focused responsible gold producer, developer,
and explorer. The company has an established operational track record, with
defined ore resources on the New Luika and Singida projects in Tanzania, with
reserves of 625 koz grading 2.91 g/t, and exploration licences covering
approximately 800 km2 in the country. Alongside New Luika and Singida, Shanta
also owns the high-grade West Kenya Project in Kenya and licences with
resources of 1.7 million ounces including 722 Koz in the Indicated category
grading 11.45 g/t, and exploration licences covering 580km(2) containing
multiple highly-prospective targets. With a healthy balance sheet, a growing
diversified portfolio and consistent dividend payments, Shanta offers a
resilient investment opportunity for the near and long-term. Shanta is quoted
on London's AIM market (AIM: SHG) and has approximately 1,051 million shares
in issue.

 

 

 

 

 

 

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