Kenmare Resources Result Of Agm And Board Update

 
TIDMKMR 
 

Kenmare Resources plc

("Kenmare" or "the Company")

26 May 2022

AGM Results and Board Update

At the Annual General Meeting ("AGM") of Kenmare Resources plc ((LSE:KMR, ISE:KMR) held today at The Shelbourne Hotel, 27 St Stephen's Green, Dublin 2, all resolutions were duly passed on a poll. The full text of each resolution was included in the Notice of the Meeting to shareholders, dated 21 April 2022. In accordance with the Listing Rules, copies of the resolutions passed at the AGM (not relating to ordinary business) have been forwarded to the National Storage Mechanism and Euronext Dublin where they will shortly be available for viewing at https://www.globenewswire.com/Tracker?data=aKFnHdq9TWw_2Ne7LSL79eljtNH43sWeVW9Qz6NB6_UhZsFi_gCIokMwnMKTYn_QGFGxqUizP92WkFKhXGhrZ9cPoshxavpct2hdEFJ53YKAsNEgyZc6CbTp45dqrsxtEXKjEGbYuapRuFfAqPHv0rTBZop-wzjBtNr6CPOOA4cyDhGXTVKFzi9ipFeHk2y- https://data.fca.org.uk/#/nsm/nationalstoragemechanism and https://www.globenewswire.com/Tracker?data=aKFnHdq9TWw_2Ne7LSL79WiCsZufDkKhaI8OewFPEpTE2ECjUNbHEMf-8s9n6P-5DBAfrSyEtvr8A4Z3o61MpJznU9IMzIq-yZ1O402FpQJlKIXAmzJEIGSabhhKuaXDUMWCvGxW8JfH93kXzZuDNA== https://direct.euronext.com/#/oamfiling

The full voting results are set out below:

 
                                                                                                                       % of 
                                                                                                                      issued 
                                                                                                                       share 
                                                                               Votes Withheld                         capital 
Resolution                      Votes For       %      Votes Against     %            *          %     Total Votes     voted 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To consider the Report 
 of the Directors 
 and Accounts                     74,058,420  100.00               168  0.00            34,819  0.05     74,058,588     78.02 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To consider the Directors' 
 Remuneration Report              73,221,015   98.87           837,362  1.13            35,030  0.05     74,058,377     78.02 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To declare a final 
 dividend of USc25.42 
 per share                        74,093,080  100.00                29  0.00               298  0.00     74,093,109     78.06 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To re-elect Michael 
 Carvill                          74,091,107  100.00             2,002  0.00               298  0.00     74,093,109     78.06 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To re-elect Elaine 
 Dorward-King                     73,654,553   99.45           404,035  0.55            34,819  0.05     74,058,588     78.02 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To re-elect Clever 
 Fonseca                          74,091,100  100.00             2,009  0.00               298  0.00     74,093,109     78.06 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To re-elect Graham 
 Martin                           73,826,260   99.64           266,849  0.36               298  0.00     74,093,109     78.06 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To re-elect Tony 
 McCluskey                        73,924,742   99.77           168,367  0.23               298  0.00     74,093,109     78.06 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To re-elect Sameer 
 Oundhakar                        68,834,082  100.00               163  0.00         5,259,162  7.64     68,834,245     72.52 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To re-elect Deirdre 
 Somers                           71,231,095   96.14         2,862,014  3.86               298  0.00     74,093,109     78.06 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To elect Mette Dobel              74,092,622  100.00               476  0.00               309  0.00     74,093,098     78.06 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To elect Andrew Webb              74,092,994  100.00               104  0.00               309  0.00     74,093,098     78.06 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To authorise Directors 
 to fix auditor's 
 remuneration                     74,092,983  100.00               374  0.00                50   0.0     74,093,357     78.06 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To renew the authority 
 to convene an EGM 
 by 14 days' notice.              74,018,751   99.90            74,650  0.10                 6  0.00     74,093,401     78.06 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To authorise the 
 directors to allot 
 relevant securities              73,551,297   99.27           542,099  0.73                11  0.00     74,093,396     78.06 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To disapply statutory 
 pre-emption rights               73,575,244   99.30           516,044  0.70             2,119  0.00     74,091,288     78.05 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To authorise market 
 purchases                        74,045,365   99.94            48,036  0.06                 6  0.00     74,093,401     78.06 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To authorise re-issue 
 of treasury shares.              73,556,740   99.28           536,605  0.72                62  0.00     74,093,345     78.06 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To amend the articles 
 of association for 
 proposed Odd-lot 
 Offer                            73,558,416   99.28           534,682  0.72               309  0.00     74,093,098     78.06 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To authorise the 
 making of an Odd-lot 
 Offer                            73,556,704   99.28           536,692  0.72                11  0.00     74,093,396     78.06 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
To authorise the 
 making of an off-market 
 purchase of shares**             73,452,324   99.28           535,253  0.72                11  0.00     74,093,396     77.38 
---------------------------  ---------------  ------  ----------------  ----  ----------------  ----  -------------  -------- 
 

*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.

** In accordance with section 105(5) of the Companies Act 2014, votes cast in respect of shares held by or on behalf of Odd-lot Holders (as defined in the Circular dated 21 April 2022) on 21 April 2022 were required to be excluded when determining whether resolution 13 was passed. For technical reasons, in order to effect this, the aggregate number of shares held by or on behalf of Odd-lot Holders on 21 April 2022 was deducted from the votes cast in favour of the resolution.

Board update

As announced on 3 December 2021, Steven McTiernan retired at the Annual General Meeting and Andrew Webb, having been elected as a Director, has succeeded him as Chair of the Board of Directors of Kenmare.

For further information, please contact:

Kenmare Resources plc

Jeremy Dibb / Katharine Sutton

Investor Relations

https://www.globenewswire.com/Tracker?data=YZf4j2jdmDDKP4J4UDcNKnOWcRxv-XHjfRqvA8jtWOfUNT181v5mP8babSZciycD7URWtZYhF2jcbCEMts4KuQi5FE1KdP20zJyX3S6aKUEAQTC25gQVE1-PSiKQK-993rhHIH3uh-1UQovDpPbxwO7HCa9lNqH0QJgeInd3Yq4Wvwd4pj3HRZWmKZedvKS83dIJk6L1nnBERqeLoGVuKUVeFY_rJnJGqUFqfyqfxWRdq76do7_LwdpJDvHHKL1dU5aQbzsGqi_a-TtgUSQ1vg== [e-mail]

Tel: [phone]

Mob: [phone]

Murray (PR advisor)

Doug Keatinge

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Tel: [phone]

Mob: [phone]

About Kenmare Resources

Kenmare Resources plc is one of the world's largest producers of mineral sands products. Listed on the London Stock Exchange and the Euronext Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. Moma's production accounts for approximately 8% of global titanium feedstocks and the Group supplies to customers in more than 15 countries. Kenmare produces raw materials that are ultimately consumed in everyday quality-of life items such as paints, plastics and ceramic tiles.

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May 26, 2022 13:13 ET (17:13 GMT)

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