Result of AGM
Cobra Resources PLC announced that all resolutions presented at its Annual General Meeting were passed, including the approval of the 2025 Annual Report with 99.74% in favour, the Directors' Remuneration Report with 98.48% in favour, and the appointment and re-election of directors, with most receiving over 98.5% approval. The reappointment of auditors and authorities for share allotment, pre-emption rights, market purchases, and calling general meetings also passed with strong support, generally above 98%. The exercise of the Manna Hill Option as a substantial property transaction received 99.66% approval.
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Cobra (LSE: COBR), a South Australian mineral exploration and development company, announces that at the Annual General Meeting ("AGM") of the Company held earlier today, all resolutions put to the meeting were duly passed (each a "Resolution", and together the "Resolutions").
A poll was held on each of the Resolutions and each was passed by the required majority. The results of the poll were as follows:
| In favour | Against | Withheld | Total Votes | |||
|---|---|---|---|---|---|---|
| Resolution | Votes | % | Votes | % | Votes | |
| Ordinary Resolutions | ||||||
| Resolution 1: To approve the Company's 2025 Annual Report | 389,433,077 | 99.74 | 1,000,000 | 0.26 | 60,000 | 390,493,077 |
| Resolution 2: To approve the Directors' Remuneration Report | 384,502,349 | 98.48 | 5,928,617 | 1.52 | 62,111 | 390,493,077 |
| Resolution 3: To appoint Andrew Michelmore as a director of the Company | 389,263,292 | 99.7 | 1,169,785 | 0.30 | 60,000 | 390,493,077 |
| Resolution 4: To re-elect Rupert Verco as a director of the Company | 384,670,912 | 98.52 | 5,762,165 | 1.48 | 60,000 | 390,493,077 |
| Resolution 5: To re-elect Daniel Maling as a director of the Company | 389,433,077 | 99.74 | 1,000,000 | 0.26 | 60,000 | 390,493,077 |
| Resolution 6: To re-elect David Clarke as a director of the Company | 293,026,673 | 97.28 | 1,000,000 | 0.33 | 89,270,907 | 390,493,077 |
| Resolution 7: To reappoint PKF Littlejohn LLP as the auditor of the Company and to fix auditors' remuneration | 389,433,077 | 99.74 | 1,000,000 | 0.26 | 60,000 | 390,493,077 |
| Resolution 8: To provide Directors with authority to allot shares | 383,644,300 | 98.49 | 5,895,909 | 1.51 | 952,868 | 390,493,077 |
| Resolution 9: To approve the exercise of the Manna Hill Option as a substantial property transaction | 292,969,940 | 99.66 | 1,000,000 | 0.34 | 96,523,137 | 390,493,077 |
| Special Resolutions | ||||||
| Resolution 10: To provide Directors with authority for disapplication of pre-emption rights | 382,845,212 | 98.28 | 6,692,886 | 1.72 | 954,979 | 390,493,077 |
| Resolution 11: To approve the authority to undertake market purchase of own shares | 389,430,966 | 99.74 | 1,002,111 | 0.26 | 60,000 | 390,493,077 |
| Resolution 12: To approve authority to call a general meeting by not less than 14 clear days' notice | 384,668,801 | 98.52 | 5,762,165 | 1.48 | 62,111 | 390,493,077 |
The total number of shares in issue at the voting date was 1,060,070,849. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of votes for and against the Resolution.
In accordance with Listing Rule 22.2.6R of the FCA, a copy of the Resolution passed at the AGM in connection with the substantial property transaction has been submitted to the FCA via the National Storage Mechanism and will shortly be available to the public for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The full text of all of the Resolutions can be found in the notice of AGM posted on the Company's website: https://investors.cobraplc.com/reports-presentations-circulars.
Regional map showing Cobra's tenements in South Australia
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