Lucara Reports Voting Results from Annual Meeting
May 12, 2023
PRESS RELEASE
LUCARA REPORTS VOTING RESULTS FROM ANNUAL MEETING
VANCOUVER, May 12, 2023 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm)
Lucara Diamond Corp. (“Lucara” or the “Company”) held its Annual General and Special Meeting of shareholders in Toronto, Ontario today. Shareholders voted as follows on the matters before the meeting:
Board Members Shareholders elected the following 7 board members with shareholders represented at the meeting voting in favour of individual directors as follows:
| Director | Votes For | % Votes For | Votes Withheld | % Votes Withheld |
|---|---|---|---|---|
| Paul Conibear | 264,352,502 | 97.41% | 7,040,747 | 2.59% |
| David Dicaire | 270,456,575 | 99.65% | 936,674 | 0.35% |
| Marie Inkster | 270,510,404 | 99.67% | 882,845 | 0.33% |
| Adam Lundin | 266,148,568 | 98.07% | 5,244,681 | 1.93% |
| Catherine McLeod-Seltzer | 264,431,695 | 97.43% | 6,961,554 | 2.57% |
| Peter J. O’Callaghan | 264,312,339 | 97.39% | 7,080,910 | 2.61% |
| Eira Thomas | 270,405,501 | 99.64% | 987,748 | 0.36% |
Appointment of Auditors Shareholders re-appointed PricewaterhouseCoopers LLP as Lucara’s auditors with 95.77% of shareholders voting in favour.
Ordinary Resolutions to Share Unit and Stock Option Plan Amendments Shareholders passed an ordinary resolution to approve certain amendments to the Company’s share unit plan, including, amongst other amendments, setting the maximum number of Common Shares reserved for issuance under the share unit plan to 17,000,000. This resolution passed with 95.81% of votes cast in favour.
Shareholders passed an ordinary resolution to approve certain amendments to the Company’s deferred share unit plan, with 99.62% voting in favour.
Shareholders passed an ordinary resolution to approve the continuation of the Company’s stock option plan, including certain amendments thereto and the unallocated entitlements thereunder, and to ratify the issuance of certain stock options previously granted by the Company, with 95.83% voting in favour.
Advisory Resolution on Executive Compensation Management’s approach to executive compensation, also disclosed in Lucara’s management proxy circular dated April 4, 2023 was approved with 97.19% of shares represented at the meeting voting in favour.
Following the meeting, Mr. Paul Conibear will continue to serve as Chairman of the Board.
On behalf of the Board,
Eira Thomas President and Chief Executive Officer
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For further information, please contact:
Hannah Reynish Investor Relations & Communications +1 604 674 0272| [email protected]
Sweden Robert Eriksson, Investor Relations & Public Relations +46 701 112615 | [email protected]
UK Public Relations Charles Vivian / Jos Simson, Tavistock +447788554035 | [email protected]
ABOUT LUCARA Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Mine in Botswana and owns a 100% interest in Clara Diamond Solutions, a secure, digital sales platform positioned to modernize the existing diamond supply chain and ensure diamond provenance from mine to finger. The Company has an experienced board and management team with extensive diamond development and operations expertise. The Company operates transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment, and community relations.
The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.
The information was submitted for publication, through the agency of the contact person set out above, on May 12, 2023 at 2:00pm Pacific Time.