Result of AGM

RNS Number : 7416T

Aura Energy Limited

18 November 2019

 

AURA ENERGY LIMITED

("Aura" or the "Company")

Result of Annual General Meeting

Aura Energy Limited wishes to inform the market of the results from its Annual General Meeting ("AGM") which was held today at 11am (Australian Eastern Daylight Time) in Melbourne, Australia.

All resolutions put to the AGM were decided by way of poll. The results were as follows:

Resolution 1      Adoption of the Remuneration Report      Rejected as an ordinary resolution

Resolution 2      Re-election of Brett Fraser                       Withdrawn

Resolution 3      Ratification of prior issue of shares          Passed as an ordinary resolution

Resolution 4      Ratification of prior issue of shares          Passed as an ordinary resolution

Resolution 5      Ratification of prior issue of shares          Passed as an ordinary resolution

Resolution 6      Ratification of prior issue of shares          Passed as an ordinary resolution

Resolution 7      Ratification of prior issue of shares          Passed as an ordinary resolution

Resolution 8      Ratification of prior issue of options          Passed as an ordinary resolution

Resolution 9      Ratification of prior issue of options          Passed as an ordinary resolution

Resolution 10    Approval of additional 10% capacity         Rejected as a special resolution

Resolution 1 was a non-binding ordinary resolution to adopt the Remuneration Report as contained in the Company's annual financial report for the financial year ended 30 June 2019. A total of 84.65% votes were cast against the resolution which constitutes a 'first strike' for the purposed of the Corporations Act 2001 (Cth).

Resolution 2 was an ordinary resolution to seek re-election of Mr. Brett Fraser, Non-Executive Director of the Company. Prior to the commencement of the AGM, Mr. Fraser informed the board of his decision to resign as a director of the Company with immediate effect and therefore this resolution was withdrawn.

Mr Reeve expresses his sincere gratitude to Mr Fraser for his years of service and the role he had performed over the years as the Chairman of the broad of directors until 31 December 2014 and then as a non-Executive Director.

Resolution 10 was a special resolution to seek approval to issue up to an additional 10% of its securities under Listing Rule 7.1A. Under Listing Rule 7.1, the Company has the capacity to place up to 15% of its securities without shareholder approval. Given that this resolution was voted down, the Company will need to call general meetings over the next 12 months in order to place more than 15% of its securities.

Details of the total number of proxies received and the total number of votes cast in respect of each resolution can be viewed on the Company's website.

For more information please visit www.auraenergy.com.au or contact the following:

Aura Energy Limited Peter Reeve (Executive Chairman) SP Angel Corporate Finance LLP (Nominated Advisor and Joint Broker) Ewan Leggat Caroline Rowe WH Ireland Limited (Joint Broker) Adrian Hadden James Sinclair-Ford Yellow Jersey PR Limited Felicity Winkles Joe Burgess

Telephone: [phone] [e-mail] Telephone: [phone] Telephone: [phone] Telephone: [phone]

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

 

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