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Andrada Mining Limited held its Annual General Meeting on 30 September 2025, confirming all resolutions presented were duly approved by shareholders. This included the adoption of the Company's Annual Financial Statements for the year ended 28 February 2025 and the re-appointment of Messrs. BDO LLP as Auditors. Resolution 2, concerning the re-election of Director Michael Rawlinson, was withdrawn as he resigned effective from the end of the AGM, and shareholders authorised Directors to issue up to 617,207,974 equity securities.
| Date | 30 Sept 2025 |
| Time | 14:00:00 |
| Category | AGMs and other meetings |
| ID | 4597B |
("Andrada" or the "Company")
Results of the Annual General Meeting
Andrada (AIM: ATM, OTCQB: ATMTF), a critical metals producer with a portfolio of mining and exploration assets in Namibia, confirms that all resolutions were duly approved at its Annual General Meeting ("AGM") held earlier today. The detail of the voting is set out below and can be found on the Company's website:
https://andradamining.com/investors/corporate-publications/ .
|
ORDINARY RESOLUTIONS |
VOTES IN FAVOUR |
% |
VOTES AGAINST |
% |
|
|
1 |
To receive and adopt the Company's Annual Financial Statements, Directors' Report and the Auditor's Report for the year ended 28 February 2025. |
709 759 842 |
95.74 |
31 554 095 |
4.26 |
|
2 |
WITHDRAWN*: That Michael Rawlinson be re‑elected as a Director of the Company, having retired by rotation pursuant to Article 24.9 of the Articles of Incorporation of the Company and offers himself for re‑election. |
||||
|
3 |
To reappoint Messrs. BDO LLP as Auditors to the Company. |
721 588 616 |
99.96 |
298 546 |
0.04 |
|
4 |
To authorise the Directors to approve the remuneration of the Company's Auditors. |
741 120 601 |
99.96 |
266 561 |
0.04 |
|
5 |
To authorise the Company to generally and unconditionally make market acquisitions of Ordinary Shares. |
726 490 293 |
99.99 |
76 491 |
0.01 |
|
6 |
To authorise the Directors to issue equity securities in respect of up to 617 207 974 shares representing 33% of the issued share capital of the Company on 28 August 2025. |
669 357 573 |
90.44 |
70 755 413 |
9.56 |
|
EXTRA-ORDINARY RESOLUTIONS |
VOTES IN FAVOUR |
% |
VOTES AGAINST |
% |
|
|
7 |
To authorise the Directors to grant rights to subscribe for shares to Directors or employees as part of the previously adopted share option schemes. |
593 207 371 |
80.03 |
148 001 208 |
19.97 |
|
8 |
Disapplication of general pre-emption rights to Resolution 6 To authorise the Directors to issue equity securities as if the pre-emption rights contained in Article 5.2 of the Articles did not apply. |
655 980 220 |
88.50 |
85 228 359 |
11.50 |
|
9 |
Disapplication of pre-emption rights to Resolution 6 and 8 for acquisition or capital investment To authorise the Directors to issue equity securities and/or sell Ordinary Shares held by the Company as treasury shares for cash as if the pre-emption rights contained in Article 5.2 of the Articles did not apply to such issuance or sale. |
661 857 541 |
89.29 |
79 351 038 |
10.71 |
* Michael Rawlinson resigned with effect from the end of the AGM, therefore Resolution 2 to re-elect him as a Director of the Company was not put to a vote. (See announcement dated 29 September 2025).
CONTACTSAndrada MiningAnthony Viljoen, CEO Sakhile Ndlovu, Investor Relations
|
+27 (11) 268 6555
|
NOMINATED ADVISOR & BROKER |
|
Zeus Capital LimitedKaty Mitchell Harry Ansell Andrew de Andrade
|
+44 (0) 20 2382 9500 |
CORPORATE BROKER & ADVISOR |
|
H&P Advisory LimitedAndrew Chubb Jay Ashfield Matt Hasson
|
+44 (0) 20 7907 8500 |
BerenbergJennifer Lee
|
+44 (0) 20 3753 3040 |
FINANCIAL PUBLIC RELATIONS |
|
Tavistock (United Kingdom)Emily Moss Josephine Clerkin |
+44 (0) 207 920 3150 |
Andrada Mining Limited is listed on the London Stock Exchange (AIM), New York (OTCQB) and Namibia Stock Exchange with mining assets in Namibia, a top-tier investment jurisdiction in Africa. Andrada strives to produce critical raw materials from a large resource portfolio, to contribute to a more sustainable future, improved living conditions and the upliftment of communities adjacent to its operations. Leveraging its strong foundation in Namibia, Andrada is on a strategic path to becoming a leading African producer of critical metals including lithium, tin, tungsten, tantalum and copper. These metals are important enablers of the green energy transition, being essential for components of electric vehicles, solar panels and wind turbines.