Published

24 May 2022

Tags

Corporate

Share this page

News alerts

Sign up

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

Martino De Ciccio

VP – Strategy & Investor Relations

+44 203 640 8665

investor@endeavourmining.com

Vincic Advisors in Toront

John Vincic, Principal

+1 647 402 6375​​​​​​​

john@vincicadvisors.com

Brunswick Group LLP in London

Carole Cable, Partner

+44 7974 982 458

ccable@brunswickgroup.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.

Attachment