Result of AGM
Andrada Mining Limited announced that all resolutions at its Annual General Meeting were passed with substantial shareholder support, with most receiving approximately 99% of votes in favour, reflecting strong confidence in the company's strategy. Approximately 57% of the issued share capital was represented in the voting. Glen Parsons and Laurence Robb retired from the Board, with Glen remaining as a consultant and Laurence continuing as a Competent Person. Gida Nakazibwe Sekandi assumed the role of Chair, and Neil Gawthorpe and Lili Alexandra Nupen-Staude were elected as Independent Non-Executive Directors.
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Andrada (AIM: ATM, OTCQB: ATMTF), a critical metals producer with a portfolio of mining and exploration assets in Namibia, confirms that all resolutions proposed at its Annual General Meeting (“AGM”) held yesterday, were duly passed with substantial shareholder support, with most resolutions receiving approximately 99% of votes cast in favour.
Approximately 57% of the Company’s issued share capital was represented in the voting. The Board thanks shareholders for their continued support and engagement. The strong level of participation and substantial backing for all resolutions reflect shareholder confidence in the Company’s strategy and progress.
Directors’ Retirement, Appointment of Chair and New Directors
As announced on 28 August 2026, Glen Parsons and Laurence Robb retired from the Board at the conclusion of the AGM. Chief Executive Officer and Executive Director, Anthony Viljoen acknowledged their extensive contributions during an important period in the Company’s development.
Glen will remain as a consultant to the Company for a transitional period to support an orderly handover to the renewed Board. Laurence will also continue to support the Company as a Competent Person in relation to its exploration projects.
Gida Nakazibwe Sekandi assumed the role of Chair of the Board at the conclusion of the AGM. Shareholders also elected Neil Gawthorpe and Lili Alexandra Nupen-Staude as Independent Non-Executive Directors.
Details of the voting are set out below and are available on the Company’s website:
https://andradamining.com/investors/corporate-publications/ .
| ORDINARY RESOLUTIONS | VOTES IN FAVOUR | % | VOTES AGAINST | % | |
|---|---|---|---|---|---|
| 1 | To receive and adopt the Company’s Annual Financial Statements, Directors’ Report and the Auditor’s Report for the year ended 28 February 2026. | 1 249 922 592 | 99.07 | 11 683 131 | 0.93 |
| 2 | That Neil Gawthorpe shall be elected as a Director of the Company. | 1 258 285 954 | 99.74 | 3 270 294 | 0.26 |
| 3 | That Lili Alexandra Nupen-Staude shall be elected as a Director of the Company. | 1 258 473 930 | 99.76 | 3 015 906 | 0.24 |
| 4 | To reappoint Messrs. BDO LLP as Auditors to the Company. | 1 261 056 545 | 99.96 | 465 524 | 0.04 |
| 5 | To authorise the Directors to approve the remuneration of the Company’s Auditors. | 1 261 273 039 | 99.98 | 245 940 | 0.02 |
| 6 | To authorise the Company to generally and unconditionally make market acquisitions of Ordinary Shares. | 1 249 264 860 | 99.02 | 12 303 798 | 0.98 |
| 7 | To authorise the Directors to issue equity securities in respect of up to 725 641 876 shares representing 33% of the issued share capital of the Company on 28 August 2026. | 1 241 865 526 | 98.53 | 18 475 623 | 1.47 |
| EXTRA-ORDINARY RESOLUTIONS | VOTES IN FAVOUR | % | VOTES AGAINST | % | |
| 8 | To authorise the Directors to grant rights to subscribe for shares to Directors or employees as part of the previously adopted share option schemes. | 1 197 491 502 | 95.03 | 62 597 413 | 4.97 |
| 9 | Disapplication of general pre-emption rights to Resolution 6 To authorise the Directors to issue equity securities as if the pre-emption rights contained in Article 5.2 of the Articles did not apply. | 1 256 091 068 | 99.69 | 3 950 663 | 0.31 |
| 10 | Disapplication of pre-emption rights to Resolution 6 and 8 for acquisition or capital investment To authorise the Directors to issue equity securities and/or sell Ordinary Shares held by the Company as treasury shares for cash as if the pre-emption rights contained in Article 5.2 of the Articles did not apply to such issuance or sale. | 1 259 056 027 | 99.92 | 1 001 026 | 0.08 |
| CONTACTS Andrada Mining Limited Anthony Viljoen, CEO Sakhile Ndlovu, Head of Investor Relations | +27 (11) 268 6555 | ||||
| NOMINATED ADVISOR & BROKER | |||||
| Zeus Capital Limited Katy Mitchell Andrew de Andrade Harry Ansell | +44 (0) 20 382 95000 | ||||
| CORPORATE BROKER & ADVISOR | |||||
| H&P Advisory Limited Andrew Chubb Matt Hasson | +44 (0) 20 7907 8500 | ||||
| VSA Capital Andrew Monk Brian Wong | +44 (0) 20 3005 5000 | ||||
| FINANCIAL PUBLIC RELATIONS | |||||
| Tavistock Emily Moss Abigail Gilchrist | +44 (0) 207 920 3150 andrada@tavistock.co.uk | ||||
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.