Result of AGM
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Power Metal Resources PLC (AIM:POW) the London-listed exploration company seeking large-scale metal discoveries across its global project portfolio announces the results of its Annual General Meeting held today.
All 9 resolutions put to members were passed on a poll. Resolutions 1 to 7 were passed as ordinary resolutions and resolutions 8-9 were passed as special resolutions.
The results of the poll (including proxy votes) are outlined in the table below.
The number of votes cast for and against each of the resolutions proposed and the number of votes withheld (including proxy votes) were as follows:
| Resolution | Votes for | % Votes Cast | Votes against | % Votes Cast | Votes withheld |
|---|---|---|---|---|---|
| Resolution 1 (Ordinary) To receive the report and accounts for the year ended 30 September 2023 | 321,512,695 | 99.85 | 471,094 | 0.15 | 304,006 |
| Resolution 2 (Ordinary) To re-appoint the auditors | 321,567,722 | 99.85 | 471,223 | 0.15 | 248,850 |
| Resolution 3 (Ordinary) To authorise the directors to determine the auditor's fees | 321,473,656 | 99.84 | 526,404 | 0.16 | 287,735 |
| Resolution 4 (Ordinary) To appoint Douglas William Brodie as a director of the company | 321,160,650 | 99.76 | 760,158 | 0.24 | 366,987 |
| Resolution 5 (Ordinary) To appoint Sean Wade as a director of the company | 321,440,650 | 99.85 | 480,158 | 0.15 | 366,987 |
| Resolution 6 (Ordinary) To re-appoint Scott Richardson-Brown as a director of the compnay | 321,212,471 | 99.78 | 708,337 | 0.22 | 366,987 |
| Resolution 7 (Ordinary) To authorise the directors to allot relevant securities | 321,000,722 | 99.70 | 963,017 | 0.30 | 324,056 |
| Resolution 8 (Special) To disapply pre-emption rights | 273,275,051 | 84.87 | 48,717,573 | 15.13 | 295,171 |
| Resolution 9 (Special) To resolve that the company be and is unconditionally authorised to make market purchases | 320,768,196 | 99.61 | 1,270,749 | 0.39 | 248,850 |
As at 26 March 2024, there were 2,213,468,340 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.
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