Result of AGM
Conroy Gold and Natural Resources PLC announced that all resolutions were passed at its Annual General Meeting, with resolutions 1, 2(a), 2(b), 3, 4, and 6 receiving overwhelming support of 99.8% of votes cast. Resolution 5, concerning agreements with directors to restructure amounts owed into payments linked to commercial production and a significant share price increase, passed with 86.7% of votes for. This approval allows the company to proceed with granting a net smelter royalty and issuing share options related to these agreements.
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Conroy Gold and Natural Resources PLC (AIM: CGNR), the gold exploration and development company, announces that all resolutions put to shareholders at the Company's annual general meeting ("
AGM
") held earlier today were duly passed.
All resolutions were passed on a poll in accordance with Euroclear requirements.
The votes received from shareholders on each resolution put to the AGM are set out below.
| Resolutions | Votes for* | % | Votes against | % | Votes withheld** |
|---|---|---|---|---|---|
| Resolution 1 | 17,643,041 | 99.8 | 30,000 | 0.2 | 0 |
| Resolution 2 (a) | 17,638,985 | 99.8 | 34,056 | 0.2 | 0 |
| Resolution 2 (b) | 17,638,985 | 99.8 | 34,056 | 0.2 | 0 |
| Resolution 3 | 17,643,041 | 99.8 | 30,000 | 0.2 | 0 |
| Resolution 4 | 17,642,370 | 99.8 | 30,671 | 0.2 | 0 |
| Resolution 5 | 15,325,993 | 86.7 | 2,347,043 | 13.3 | 5 |
| Resolution 6 | 17,642,720 | 99.8 | 30,321 | 0.2 | 0 |
*Includes discretionary votes
As a result of Resolution 5 being passed, the agreements with certain past and current directors to restructure amounts owed to them by the Company in respect of accrued fees and other emoluments into an entitlement that links payment of those amounts to commercial production and a material increase in the Company's share price will be progressed. The shareholder ratification provides the necessary approval to enable the Company to proceed with the granting of the net smelter royalty ("NSR") and the issue of share options in relation to the agreements.
Full details of these agreements can be found in the announcement of 28 August 2025 and details of the final participants to the agreements and the amounts were set out in the Company's recently published audited financial statements and notice of annual general meeting.
A further announcement will be made by the Company at the time of the granting of the NSR and the issue of the share options to the participants.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.