Capital Limited Results of Annual General Meeting (7484J)

TIDMCAPD

RNS Number : 7484J

Capital Limited

28 April 2022

 
 For Immediate Release   28 April 2022 
 

Capital Limited

("Capital", the "Group" or the "Company")

Results of Annual General Meeting

The Board of Directors of Capital Limited announces that all resolutions put to shareholders at today's Annual General Meeting ("AGM") were duly passed.

The Company's issued share capital eligible to be voted at the AGM was 190,891,187 shares and 68.2% of the Company's issued share capital was voted at the AGM.

During today's AGM, Executive Chairman Jamie Boyton gave a presentation followed by a Q&A session for shareholders. The presentation can be found here ( https://www.capdrill.com/investors/announcements ).

The details of the proxy votes lodged are set out below:

 
 RESOLUTION       FOR         %       AGAINST       %      WITHHELD       TOTAL 
   NUMBER 
     1        130,022,803   100.00       -          -      193,063     130,215,866 
     2*       104,952,236   81.55    23,743,630   18.45   1,520,000    130,215,866 
     3        99,153,585    88.44    12,954,347   11.56   18,107,934   130,215,866 
     4        120,227,741   96.48    4,387,092    3.52    5,601,033    130,215,866 
     5        127,406,290   97.86    2,789,576    2.14      20,000     130,215,866 
     6        119,733,567   97.37    3,234,755    2.63    7,247,544    130,215,866 
     7        130,095,497   99.93      95,309     0.07      25,060     130,215,866 
     8        130,171,201   100.00       -          -       44,665     130,215,866 
     9        104,622,514   98.58    1,511,490    1.42    24,081,862   130,215,866 
     10       130,145,166   99.96      50,000     0.04      20,700     130,215,866 
     11       128,637,280   99.95      58,586     0.05    1,520,000    130,215,866 
     12       128,695,166   100.00       -          -     1,520,700    130,215,866 
     13       130,166,610   100.00       -          -       49,256     130,215,866 
 

*The Board notes that 18.45 % of votes cast were against the Remuneration Report. The Remuneration Committee consulted with its major shareholders in respect of the changes made to remuneration in early 2022. The package of changes is aimed at ensuring that the Executive Directors' remuneration arrangements effectively serve the best interests of the Company and its shareholders. The Board will continue to engage with shareholders and continue to take account of shareholder views in taking decisions on executive remuneration.

A copy of the results of the AGM, along with a copy of resolutions passed other than those concerning ordinary business at the AGM, have been submitted to the Financial Services Authority's National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

- ENDS -

For further information, please visit Capital's website www.capdrill.com or contact:

 
 Capital Limited                                  [phone] 
  Jamie Boyton, Executive Chairman                 [e-mail] 
  Giles Everist, Chief Financial Officer 
  Conor Rowley, Investor Relations & Corporate 
  Development Manager 
 Berenberg 
  Matthew Armitt 
  Jennifer Wyllie 
  Detlir Elezi                                    [phone] 
 Tamesis Partners LLP 
  Charlie Bendon 
  Richard Greenfield                              [phone] 
 Stifel Nicolaus Europe Limited 
  Ashton Clanfield 
  Callum Stewart 
  Rory Blundell                                   [phone] 
 Buchanan                                         [phone] 
  Bobby Morse                                      [e-mail] 
  James Husband 
 

About Capital Limited

Capital Limited is a leading mining services company providing a complete range of drilling, mining, maintenance, and geochemical laboratory solutions to customers within the global minerals industry, focusing on the African markets. The Company's services include: exploration, delineation and production drilling; load and haul services; mining equipment hire and maintenance; and geochemical analysis. The Group's corporate headquarters are in Mauritius and it has established operations in Burkina Faso, Côte d'Ivoire, Egypt, Guinea, Kenya, Mali, Mauritania, Nigeria, Saudi Arabia and Tanzania.

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END

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April 28, 2022 09:50 ET (13:50 GMT)