Shanta Gold Limited Results of 2023 AGM (9327X)

TIDMSHG

RNS Number : 9327X

Shanta Gold Limited

28 April 2023

28 April 2023

Shanta Gold Limited

("Shanta Gold", "Shanta" or the "Company")

Result of the Annual General Meeting

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces that all resolutions put to shareholders were duly passed at the Company's Annual General Meeting, which took place on 28 April 2023 at 11 New Street, St Peter Port, Guernsey, GY1 3EG.

The results from the meeting were as follows :

 
            Resolution              Total Votes Cast         For (1)               Against         Withheld/ Abstained 
                                                         Number        %       Number       % 
----  ---------------------------  -----------------  ------------          -----------  -------  -------------------- 
       To receive and consider 
        the profit and loss 
        account and the balance 
        sheet of the Company for 
        the financial year ended 
 1.     December 2022.                   459,668,289   459,666,289   99.99        2,000   0.0004                17,130 
----  ---------------------------  -----------------  ------------  ------  -----------  -------  -------------------- 
 2.    To receive and consider 
        the report of the 
        directors of the Company.        459,662,909   459,590,321   99.98       72,588     0.02                22,510 
----  ---------------------------  -----------------  ------------  ------  -----------  -------  -------------------- 
 3.    To receive and consider 
        the report of the 
        auditors of the Company.         459,614,002   459,612,002   99.99        2,000   0.0004                71,417 
----  ---------------------------  -----------------  ------------  ------  -----------  -------  -------------------- 
 4.    To approve the Directors' 
        remuneration paid for the 
        year to 31 December 2022 
        as detailed in 
        the 2022 Annual Report 
        and Accounts.                    457,845,763   405,901,918   88.65   51,943,845    11.35             1,839,656 
----  ---------------------------  -----------------  ------------  ------  -----------  -------  -------------------- 
 5.    To re-appoint BDO LLP as 
        the auditors of the 
        Company.                         459,434,425   459,236,525   99.96      197,900     0.04               250,994 
----  ---------------------------  -----------------  ------------  ------  -----------  -------  -------------------- 
 6.    To approve the 
        Non-Executive Directors' 
        aggregate fees for the 
        period between 1 January 
        2023 
        to 31 December 2023 
        inclusive to be 
        US$405,000.                      458,131,244   457,356,831   99.83      774,413     0.17             1,554,175 
----  ---------------------------  -----------------  ------------  ------  -----------  -------  -------------------- 
 7.    To authorise the directors 
        to fix the remuneration 
        of the auditors as the 
        directors see fit.               459,306,525   459,304,525   99.99        2,000   0.0004               378,894 
----  ---------------------------  -----------------  ------------  ------  -----------  -------  -------------------- 
 8.    To consider and if thought 
        fit re-elect Anthony 
        Peter Wynn Durrant as 
        director of the Company 
        who retires by rotation 
        and who makes himself 
        available for re-election 
        as a director of the 
        Company.                         458,476,950   458,394,962   99.98       81,988     0.02             1,208,469 
----  ---------------------------  -----------------  ------------  ------  -----------  -------  -------------------- 
 9.    To approve a final 
        dividend proposed by the 
        Directors of 0.10 pence 
        per share.                       459,672,289   459,670,289   99.99        2,000   0.0004                13,130 
----  ---------------------------  -----------------  ------------  ------  -----------  -------  -------------------- 
 
   1.     Includes Discretionary votes of 31,606 

Enquiries:

 
Shanta Gold Limited 
Eric Zurrin (CEO)                       [phone] 
Michal Devine (CFO) 
 
Nominated Adviser and Joint Broker 
Liberum Capital Limited 
Scott Mathieson / Ed Thomas / Nikhil 
 Varghese                               [phone] 
 
Joint Broker 
Tamesis Partners LLP 
Charlie Bendon / Richard Greenfield     [phone] 
 
Public Relations 
FTI Consulting 
Sara Powell / Nick Hennis               [phone] 
 

About Shanta Gold

Shanta Gold is an East Africa-focused responsible gold producer, developer, and explorer. The company has an established operational track record, with defined ore resources on the New Luika and Singida projects in Tanzania, with reserves of 625 koz grading 2.91 g/t, and exploration licences covering approximately 800 km2 in the country. Alongside New Luika and Singida, Shanta also owns the high-grade West Kenya Project in Kenya and licences with resources of 1.7 million ounces including 722 Koz in the Indicated category grading 11.45 g/t, and exploration licences covering 580km(2) containing multiple highly-prospective targets. With a healthy balance sheet, a growing diversified portfolio and consistent dividend payments, Shanta offers a resilient investment opportunity for the near and long-term. Shanta is quoted on London's AIM market (AIM: SHG) and has approximately 1,051 million shares in issue.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RAGPPUAGCUPWGCR

(END) Dow Jones Newswires

April 28, 2023 10:17 ET (14:17 GMT)