Result of AGM

RNS Number : 6096N

Ormonde Mining PLC

30 September 2021

 

30 September 2021

Ormonde Mining plc

("Or m onde" or "the Company")

Result of AGM

Change of Board and

Resignation of Executive Team

Ormonde announces the results of voting on the resolutions considered by shareholders at the Company's Annual General Meeting held in Dublin today, which was held by way of a poll.  The poll results from the meeting are provided in Table A below.

As a result of the vote on Resolution 2 - the re-election of Mr. Tim Livesey, the Senior Independent Director at the time of the AGM - not being carried, he is no longer a director of the Company.  The Board wishes to thank Mr. Livesey for his valued contribution during his time with the Company.

As a result of the vote on Resolutions 7 and 8, Mr. Brendan McMorrow and Mr. Keith O'Donnell have joined the Board with immediate effect.

Following the results of the meeting and particularly Mr. Livesey having not been re-elected to the Board, the executive management team of the Company, being Mr. Jonathan Henry (Executive Chair), Mr. Paul Carroll (CFO and Company Secretary) and Mr. Fraser Gardiner (COO) (the "Executives") resigned from their positions.  Mr. Brown, the remaining independent director, has also decided to resign from the Board of the Company with immediate effect. Mr. Henry will step down from his Board position and Mr. Carroll will step down from his position as Company Secretary with immediate effect. The Board would like to thank these individuals for their service to the Company.

The Executives have agreed to work through their notice periods in order to manage the essential Company functions while a new management team is identified.

Following the AGM, the Board will now consist of Mr. Brian Timmons, Mr. Brendan McMorrow and Mr. Keith O'Donnell.

The Board intends to continue with the Company's existing strategy being to acquire, explore and develop mining projects in which it would have a controlling interest. During the notice period of the Executives', the Board intends to engage the required management resource for the continuation of this strategy.

The Board will update shareholders in due course.

Table A

		VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% of ISSUED SHARE CAPITAL VOTED
	RESOLUTION
1	To receive and consider the accounts for the year ended 31 December 2020.	123,235,082	100.00	2,000	0.00	123,237,082	26.08
2	To re-elect Mr. Timothy Livesey as a director.	22,328,867	18.12	100,906,215	81.88	123,235,082	26.08
3	To authorise the directors to fix the remuneration of the auditors.	123,237,082	100.00	0	0.00	123,237,082	26.08
4	To increase the authorised share capital of the Company.	122,142,677	99.49	631,215	0.51	122,773,892	25.98
5	To authorise the directors to allot relevant securities.	122,672,894	99.59	511,188	0.41	123,184,082	26.07
6	To empower the directors to allot equity securities.	122,653,867	99.53	580,215	0.47	123,234,082	26.08
7	To elect Mr. Keith O'Donnell as a director.	117,959,427	91.75	10,603,299	8.25	128,562,726	27.21
8	To elect Mr. Brendan McMorrow as a director.	117,981,427	91.75	10,603,299	8.25	128,584,726	27.21

Enquiries to:

Ormonde Mining plc

Brian Timmons

Tel: [phone]

Buchanan

Bobby Morse / Ariadna Peretz / James Husband

Tel: [phone]

Email: [e-mail]  

Davy (Nomad, Euronext Growth Advisor and Joint Broker)

John Frain

Tel: [phone]

SP Angel Corporate Finance LLP (Joint Broker)

Ewan Leggat

Tel: [phone]

 

END

 

 

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