Result of AGM

Kavango Resources PLC

08 June 2023

 

8 June 2023

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Results of the Annual General Meeting

Southern Africa-focussed metals exploration company Kavango Resources plc (LSE:KAV) is pleased to announce the result of the Annual General Meeting of Kavango Resources PLC held at the offices of the Company's Solicitors, Druces LLP, Salisbury House, London Wall, London EC2M 5PS on 8 June 2023 at 11 a.m.

All nine resolutions put to members were passed on a poll. Resolutions 1 to 6, and 8 were passed as ordinary resolutions and resolutions 7 and 9 were passed as special resolutions.

The number of votes cast for and against each of the resolutions proposed, and the number of votes withheld were as follows:

Resolution	Votes for	%	Votes against	%	Votes withheld
Resolution 1 (Ordinary) To approve the accounts for the year ended 31 December 2022, auditors' report and strategic report	300,626,522	90.50	31,564,114	9.50	873,263
Resolution 2 (Ordinary) To approve the re-appointment and remuneration of PKF Littlejohn LLP as the Company's auditor	309,691,550	93.23	22,499,086	6.77	873,263
Resolution 3 (Ordinary) To approve the Directors' Remuneration Report in the Company's Annual Report	286,851,364	86.22	45,836,091	13.78	376,444
Resolution 4 (Ordinary) To approve the re-election of Jeremy Brett as a director	309,168,705	93.08	22,996,931	6.92	898,263
Resolution 5 (Ordinary) To approve the re-election of Peter Francis Wynter Bee as a director	299,476,521	90.19	32,564,114	9.81	1,023,263
Resolution 6 (Ordinary) To authorise the allotment and issue of equity securities	290,792,562	88.81	36,629,949	11.19	5,641,383
Resolution 7 (Special) To disapply the statutory pre-emption rights on the issue of equity securities	289,841,872	88.53	37,560,633	11.47	5,661,391
Resolution 8 (Ordinary) To authorise the allotment and issue of the Stage 1 Subscription Shares	281,880,160	84.72	50,852,300	15.28	331,436
Resolution 9 (Special) To disapply the statutory pre-emption rights on the issue of the Stage 1 Subscription Shares	276,445,216	84.43	50,977,300	15.57	5,641,383

As at 8 June, there were 705,569,314 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.

The full text of each resolution is available in the Notice of Annual General Meeting, published on our website.

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com.

For further information please contact:

Kavango Resources plc                                                                                    

Ben Turney

[e-mail]

[phone]

First Equity Limited (Broker)

[phone]

Jason Robertson             

 

END