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LONDON - Central Asia Metals PLC (AIM:CAML) reported Thursday that its Annual General Meeting (AGM) concluded with shareholders passing all proposed resolutions. The company, which operates the Kounrad SX-EW copper project in Kazakhstan and the Sasa zinc-lead mine in North Macedonia, held the AGM earlier in the day with votes cast on a poll basis.
Key resolutions included the adoption of the Annual Report and Accounts for the year ended December 31, 2024, the declaration of a final dividend of 9 pence per share, and the approval of the Directors’ Remuneration Policy. The remuneration of the Auditors and the re-appointment of BDO LLP as the company’s Auditors were also ratified.
The company’s issued share capital at the time of the meeting was reported as 182,098,266 Ordinary Shares, with each carrying voting rights, and an additional 193,325 shares held in treasury. This set the total number of voting rights at 181,904,941.
The resolutions saw overwhelming support, with the adoption of the Annual Report and Accounts receiving 99.98% votes in favor, and the declaration of the dividend also receiving a similar level of approval. The Directors’ Remuneration Policy and the Remuneration Committee Report were approved with 99.18% and 99.70% of the votes, respectively.
All directors up for re-appointment were confirmed in their positions, with votes in favor ranging from 98.68% to 99.79%. The authorization for the Directors to allot securities and disapply pre-emption rights was passed with approximately 93% approval, and the company was authorized to repurchase its own shares with 99.94% of the votes in favor.
The AGM results reflect shareholder confidence in the company’s governance and strategic direction. Central Asia Metals is known for its ownership of significant mining projects in Kazakhstan and North Macedonia, and for holding interests in exploration and base metals opportunities in the UK.
The information for this article is based on a press release statement from Central Asia Metals PLC.
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