Result of General Meeting

Kavango Resources PLC

25 October 2023

 

25 October 2023

Kavango Resources PLC

("Kavango" or "the Company")

Result of General Meeting

Southern Africa-focussed metals exploration company Kavango Resources plc (LSE:KAV) is pleased to announce the result of the 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 25 October 2023 at 11 a.m.

Resolution 1 was passed by independent shareholders on a poll. Resolutions 2 and 3 were passed on a show of hands. Resolutions 1 and 2 were passed as ordinary resolutions and Resolution 3 was passed as a special resolution.

The number of votes cast on a poll of independent shareholders for and against Resolution 1, and the number of votes withheld were as follows:

Resolution	Votes for	%	Votes against	%	Votes withheld
Resolution 1 (Ordinary) To approve the waiver by the Panel on Takeovers and Mergers, described in the circular accompanying the notice convening this meeting, of the obligation under Rule 9 of the City Code on Takeovers and Mergers	167,355,788	97.19%	4,835,262	2.81%	130,865

Although Resolutions 2 and 3 were passed on a show of hands, the Company received the following votes and letters or representation in support of the resolutions.

Resolution	Votes for	%	Votes against	%	Votes withheld
Resolution 2 (Ordinary) To, conditional upon the passing of resolutions 1 and 3, authorise the allotment and issue of the Stage 2 Subscription Shares	167,334,788	97.14%	4,931,262	2.86%	55,865
Resolution 3 (Special) To, conditional upon the passing of resolutions 1 and 2, disapply the statutory pre-emption rights on the issue of the Stage 2 Subscription Shares	167,334,788	97.11%	4,931,262	2.86%	55,865

As at 25 October 2023, there were 845,569,314 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 General Meeting, published on the Company's 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

[phone]

First Equity Limited (Broker)

[phone]

Jason Robertson             

 

END