Eastplats Announces Voting Results of Its Annual General and Special Meeting of Shareholders
Eastplats Announces Voting Results of Its
Annual General and Special Meeting of
Shareholders
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2022) - Eastern Platinum Limited (TSX: ELR)
(JSE: EPS) ("Eastplats" or the "Company") announces the voting results of the Company's 2022 Annual
General and Special Meeting of Shareholders held on June 21, 2022 (the "Meeting"). A total of
81,269,162 common shares were voted at the Meeting, representing 58.97% of the votes attached to all
the outstanding common shares of the Company.
Detailed results of the vote held at the Meeting are set out below:
Business
Outcome of Vote
Votes For
Votes Against
Votes Withheld
1. To set the number of
Directors
Approved
79,626,484
(99.90%)
83,688
(0.10%)
2. Resolution electing:
(a)
Diana Hu;
Approved
25,443,954
(31.92%)
54,266,218
(68.08%)
(b)
Michael Cosic;
Approved
25,439,554
(31.92%)
54,270,618
(68.08%)
(c)
George Dorin;
Approved
70,441,773
(88.37%)
9,268,399
(11.63%)
(d)
Bielin Shi; and
Approved
79,652,568
(99.93%)
57,604
(0.07%)
(e)
Xin (Alex)
Guan
Approved
70,437,873
(88.37%)
9,272,299
(11.63%)
as directors of the
Company.
3. Resolution appointing
PricewaterhouseCoopers
LLP, as auditors of the
Company for the ensuing
year and authorizing the
directors of the Company
to fix their remuneration.
Approved
81,109,491
(99.80%)
159,671
(0.20%)
4. Resolution approving
the continuation of the
Company's Stock Option
Plan for a further three
years.
Approved
73,098,311
(91.71%)
6,611,861
(8.29%)
Based on the voting results, all of the nominees proposed as directors and listed in the management
information circular dated May 6, 2022 (the "Circular") were elected as directors of Eastplats at the
Meeting in accordance with applicable corporate law.
However, two directors (Diana Hu and Michael Cosic) had more votes withheld than were voted in their
favour of their appointments to the Board. As a result, in accordance with the Company's Majority Voting
Policy (the "Policy"), these two directors have tendered their resignations from the Board of Directors of
the Company (the "Board"), effective upon acceptance by the Board. The Board will refer such
resignations to the Corporate Governance and Compensation Committee (the "Committee") for
consideration on whether or not to accept the resignations submitted by these directors. In accordance
with the Policy, the Board shall accept such resignations unless the Committee determines that there are
exceptional circumstances relating to the composition of the Board or the voting results that should delay
the acceptance of such resignations or justify rejecting such resignations. The Board will issue a news
release with its decision.
At the Meeting, Eastplats' Stock Option Plan has been authorized for three further years, and the
PricewaterhouseCoopers LLP were also re-appointed as auditors of Eastplats.
For further information, please contact:
EASTERN PLATINUM LIMITED
Wylie Hui, Chief Financial Officer and Corporate Secretary
(email)
(604) 800-8200 (phone)
No stock exchange, securities commission or other regulatory authority has approved or
disapproved the information contained herein.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/128541