Endeavour Mining Corporation Endeavour Announces Results Ofannual General Meeting

 
TIDMEDV 
 

EAVOUR 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:

 
                                                                                                                        % OF 
                                                                     VOTES    %       VOTES        %                    ISC     VOTES 
RESOLUTION                                                             FOR    FOR     AGAINST    AGAINST  TOTAL VOTES  VOTED   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 
-------------------------------------------------------------  -----------  ------  ----------  --------  -----------  ------  -------- 
 
 
                                                                                                             % OF 
                                                           VOTES    %       VOTES       %                    ISC      VOTES 
RESOLUTION                                                   FOR    FOR    AGAINST    AGAINST  TOTAL VOTES  VOTED   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                                 Brunswick Group LLP in London 
       Martino De Ciccio                                Carole Cable, Partner 
       Vice President - Strategy & Investor Relations   [phone] 
       [phone]                                 [e-mail] 
       [e-mail]                    Vincic Advisors in Toronto 
                                                        John Vincic, Principal 
                                                        [phone] 
                                                        [e-mail] 
 

ABOUTEAVOUR 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 https://www.globenewswire.com/Tracker?data=68tX3zXjMQ78zZwxb4HoQjUpb0D6SD9UUbCV1xdvhufR4jd8kB6TbiL0ax3l-C3WAYGgaJFMt2Z_8iJD2_OAcH0TMtoJFZlkdeGNuJScxOI= 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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   -- 220524 - NR - Results of Annual General Meeting 
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May 24, 2022 12:26 ET (16:26 GMT)

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