Trump announces trade deal with EU following months of negotiations
LONDON - Gemfields Group Limited announced that shareholders approved most resolutions at its Annual General Meeting held Wednesday, but rejected a special resolution that would have granted the company general authority to issue shares for cash.
The mining company reported that all ordinary resolutions passed with the required majority, including the adoption of its 2024 Annual Report and the re-election of directors Bruce Cleaver, Kieran Daly, and Simon Scott. Shareholders also approved the appointment of Louis du Preez as a director and the reappointment of Ernst & Young LLP as the company’s auditor.
Special resolution 1, which sought authority to issue shares for cash with a waiver of pre-emption rights, failed to reach the required 75% threshold, receiving only 39.63% support with 60.37% voting against.
Special resolution 2 to amend the company’s Articles of Incorporation passed with 88.55% approval.
The non-binding advisory votes on the company’s Remuneration Policy and Remuneration Implementation Report both received strong support, with 88.11% and 99.14% approval respectively.
The meeting saw representation of 67.76% of the company’s ordinary shares, with 1,168,290,263 shares present or represented at the AGM out of a total 1,724,230,526 shares with voting rights.
The voting results were disclosed in a statement released by the company following the conclusion of the meeting.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.