GM Result
General Meeting passed all six resolutions to authorise share issuances and disapply pre-emption rights.
- Votes for Resolution 1 1,030,553,317
- Percentage in favour 98.55%
- Total proxy votes cast approximately 66% of issued share capital
- Ordinary shares in issue at 22 January 2025 1,562,683,176
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Southern Africa-focussed metals exploration company Kavango Resources plc (LSE:KAV) is pleased to announce the results of a General Meeting of Kavango Resources PLC held at the offices of the Company's Solicitors, Druces LLP, Salisbury House, London Wall, London EC2M 5PS on 22 January 2025 at 11 a.m.
All six resolutions put to members were passed on a show of hands. Resolutions 1, 3 and 5 were passed as ordinary resolutions and Resolutions 2, 4 and 6 were passed as special resolutions.
| Resolution | Votes for | % | Votes against | % | Votes withheld |
|---|---|---|---|---|---|
| Resolution 1 (Ordinary) To authorise the allotment and issue of the Subscription Shares | 1,030,553,317 | 98.55% | 15,204,622 | 1.45% | 152,347 |
| Resolution 2 (Special) Conditional upon the passing of Resolution 1, to disapply the statutory pre-emption rights on the issue of the Subscription Shares | 1,030,690,317 | 98.56% | 15,104,622 | 1.44% | 115,347 |
| Resolution 3 (Ordinary) To authorise the allotment and issue of the CLN Shares | 1,030,553,317 | 98.55% | 15,204,622 | 1.45% | 152,347 |
| Resolution 4 (Special) Conditional upon the passing of Resolution 3, to disapply the statutory pre-emption rights on the issue of the CLN Shares | 1,030,653,317 | 98.56% | 15,104,622 | 1.44% | 152,347 |
| Resolution 5 (Ordinary) To authorise the allotment and issue of the VFEX Shares | 1,029,027,792 | 98.54% | 15,204,622 | 1.46% | 1,677,872 |
| Resolution 6 (Special) Conditional upon the passing of Resolution 5, to disapply the statutory pre-emption rights on the issue of the VFEX Shares | 1,029,127,792 | 98.55% | 15,104,622 | 1.45% | 1,677,872 |
The total proxy votes cast on the 6 Resolutions represented approximately 66% of the issued share capital as at 22 January 2025.
As at 22 January 2025, there were 1,562,683,176 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.