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ENDEAVOUR ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

·4 min read
Endeavour Mining PLC
Endeavour Mining PLC

ENDEAVOUR ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

London, 24 May 2022 – Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“the Company”) is pleased to announce that all resolutions at today’s annual general meeting (“AGM”) were duly passed by shareholders.

Sébastien de Montessus, President and CEO, commented “Michael Beckett has played an invaluable role in Endeavour’s transformation into the leading global gold producer we are today. On behalf of us all at Endeavour, I would like to thank him for his outstanding contribution and leadership. On a personal level, I am grateful for the mentorship and support that Michael has offered me throughout this period. His breadth of knowledge has been indispensable, and we all wish him the very best on his retirement. I would also like to welcome Venkat as our new Chair, and I look forward to working closely with both him and Ian Cockerill, our new Senior Independent Non-Executive Director, as they join our Board.”

All resolutions were taken by poll and the results for the resolutions voted upon at the annual general meeting are set out below:

RESOLUTION

VOTES
FOR

%
FOR

VOTES
AGAINST

%
AGAINST

TOTAL VOTES

% OF ISC VOTED

VOTES WITHHELD

ORDINARY RESOLUTIONS

1. To receive the 2021 Annual Report

198,263,935

99.95%

91,464

0.05%

198,355,399

79.77%

65,581

2. To re-elect James Askew as Director

193,718,140

97.64%

4,673,922

2.36%

198,392,062

79.79%

28,918

3. To re-elect Alison Baker as Director

194,774,289

98.18%

3,617,099

1.82%

198,391,388

79.79%

29,592

4. To elect Ian Cockerill as Director

198,293,573

99.95%

97,620

0.05%

198,391,193

79.79%

29,787

5. To re-elect Livia Mahler as Director

197,924,448

99.76%

466,760

0.24%

198,391,208

79.79%

29,772

6. To re-elect David Mimran as Director

193,717,093

97.64%

4,675,025

2.36%

198,392,118

79.79%

28,862

7. To re-elect Sébastien de Montessus as Director

196,800,413

99.20%

1,591,353

0.80%

198,391,766

79.79%

29,214

8. To re-elect Naguib Sawiris as Director

193,696,286

97.63%

4,695,274

2.37%

198,391,560

79.79%

29,419

9. To elect Srinivasan Venkatakrishnan as Director

197,163,176

99.38%

1,228,654

0.62%

198,391,830

79.79%

29,149

10. To re-elect Tertius Zongo as Director

180,879,503

91.17%

17,512,462

8.83%

198,391,965

79.79%

29,014

11. To reappoint BDO LLP as auditors

198,429,294

98.51%

3,010,251

1.49%

201,439,545

81.01%

147,810

12. To authorise the Audit Committee to fix the remuneration of the auditors of the Company

195,688,192

98.64%

2,699,406

1.36%

198,387,598

79.79%

33,382

13. To approve the Directors’ Remuneration Policy set out on pages 135 to 147 in the 2021 Annual Report

178,821,773

90.52%

18,721,174

9.48%

197,542,947

79.45%

878,031

14. To approve the Directors’ Remuneration Report (excluding the Directors’ Remuneration Policy) set out on pages 128 to 155 in the 2021 Annual Report

139,138,636

70.14%

59,243,189

29.86%

198,381,825

79.78%

39,153

15. Authority to allot shares or grant rights to subscribe for or to convert any security into shares

193,805,520

97.68%

4,599,669

2.32%

198,405,189

79.79%

15,790


RESOLUTION

VOTES
FOR

%
FOR

VOTES
AGAINST

%
AGAINST

TOTAL VOTES

% OF ISC VOTED

VOTES WITHHELD

SPECIAL RESOLUTIONS

16. General authority to disapply pre-emption rights

194,850,614

98.21%

3,549,430

1.79%

198,400,044

79.79%

20,936

17. Additional authority to disapply pre-emption rights

192,981,151

98.11%

3,725,345

1.89%

196,706,496

79.11%

1,714,484

18. Authority to purchase own shares

198,260,841

99.93%

144,772

0.07%

198,405,613

79.79%

15,368

19. Authority to call general meetings on not less than 14 clear days’ notice

194,592,863

98.08%

3,818,299

1.92%

198,411,162

79.80%

9,459

As at the date and time of the AGM, the total number of issued ordinary shares of the Company was 248,646,262 and the Company held 213,900 ordinary shares in treasury. The total number of voting rights for the ordinary shares was therefore 248,432,362. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes ‘for’ or ‘against’ a resolution.

While Resolution 13, to approve the Directors’ Remuneration Policy, received support exceeding 90%, the Board notes that Resolution 14, to approve the annual report on directors' remuneration contained in the Directors' Remuneration Report, received approximately 70% support. Endeavour will therefore continue to engage with shareholders in the coming months and will publish an update on that engagement within six months of the AGM.

Copies of resolutions passed at the AGM, other than resolutions concerning ordinary business, will shortly be uploaded to the FCA’s National Storage Mechanism in accordance with Listing Rule 9.6.2 and available to view at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

CONTACT INFORMATION

Endeavour Mining
Martino De Ciccio
Vice President - Strategy & Investor Relations
+44 203 640 8665
mdeciccio@endeavourmining.com

Brunswick Group LLP in London
Carole Cable, Partner
+44 7974 982 458
ccable@brunswickgroup.com

 

Vincic Advisors in Toronto
John Vincic, Principal
+1 647 402 6375
john@vincicadvisors.com

ABOUT ENDEAVOUR MINING PLC

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.

For more information, please visit www.endeavourmining.com.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.

 

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