Eldorado Gold Announces Voting Results from Annual Meeting of Shareholders
NEWS RELEASE TSX: ELD NYSE: EGO June 21, 2018
Eldorado Gold Announces Voting Results from Annual Meeting of Shareholders
VANCOUVER - BC – Eldorado Gold Corporation (“Eldorado” or “the Company”), is pleased to announce that all director nominees, as listed in the Management Proxy Circular dated May 7, 2018, were elected as directors of Eldorado at the Company’s Annual and Special Meeting of Shareholders (the “Meeting”) held on June 21, 2018 in Vancouver, British Columbia.
| Directors | Votes For | Votes Withheld | Outcome |
| George Albino | 384,455,488 95.88% | 16,506,137 4.12% | Elected |
| George Burns | 392,317,796 97.84% | 8,643,829 2.16% | Elected |
| Teresa Conway | 393,515,817 98.14% | 7,445,807 1.86% | Elected |
| Pamela Gibson | 391,299,330 97.59% | 9,662,295 2.41% | Elected |
| Geoffrey Handley | 378,471,064 94.39% | 22,490,561 5.61% | Elected |
| Michael Price | 386,575,580 96.41% | 14,386,045 3.59% | Elected |
| Steven Reid | 383,770,480 95.71% | 17,191,145 4.29% | Elected |
| John Webster | 385,047,154 96.03% | 15,914,471 3.97% | Elected |
At the Meeting, shareholders of the Company also approved:
- The appointment of auditors;
- The advisory resolution on executive compensation;
- An amendment to Eldorado’s restated articles of incorporation to implement the proposed share consolidation; and
- Eldorado’s amended and restated Stock Option Plan.
Voting results on each resolution are detailed below and can also be found in the Company’s final Report on Voting Results as filed on SEDAR (www.sedar.com). All resolutions were conducted by ballot.
As shareholders have approved the amendments to the Company’s articles, the Board will review the merits of a share consolidation during the course of the next six months taking into consideration the best interests of the Company, its trading price and the requirements of the New York Stock Exchange.
As previously announced by the Company, Robert Gilmore did not stand for re-election to the Company’s Board. The Company thanks Robert for his years of service.
“We would like to thank our shareholders for their ongoing feedback and support,” said George Albino, Chair of Eldorado Gold’s Board of Directors. “As Chair, I look forward to continuing to improve our approach on executive compensation and other governance matters. Further, I would like to thank Robby for his dedicated years of service to the Company, and extend a warm welcome to Teresa Conway.”
| Appointment of Auditor | ||
| Votes For | Votes Withheld | Outcome |
| 497,457,885 98.65% | 6,832,779 1.35% | Carried |
| Setting Auditor’s Pay | ||
| Votes For | Votes Against | Outcome |
| 491,776,139 97.52% | 12,503,169 2.48% | Carried |
| Non-Binding Advisory Vote on Executive Compensation | ||
| Votes For | Votes Against | Outcome |
| 363,835,606 90.74% | 37,126,018 9.26% | Carried |
| Amendment to Articles to Implement a proposed Share Consolidation | ||
| Votes For | Votes Against | Outcome |
| 450,527,646 89.34% | 53,741,083 10.66% | Carried |
| Amended and Restated Stock Option Plan | ||
| Votes For | Votes Against | Outcome |
| 363,774,111 90.73% | 37,176,160 9.27% | Carried |
About Eldorado Gold
Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Greece, Romania, Serbia, Canada and Brazil. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
Contacts
Investor Relations
Peter Lekich, Manager Investor Relations 604.687.4018 or 1.888.353.8166 [email protected]
Media
Louise Burgess, Director Communications & Government Relations 604.687.4018 or 1.888.353.8166 [email protected]