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Gem Resources plc announced that all resolutions presented at its Annual General Meeting (AGM) on 23 June 2025 were duly passed by shareholders. Resolution 6 was withdrawn following Mr Milligan's resignation on 20 June 2025. For the passed resolutions, 'Votes For' represented 99.96% of votes cast, with 308,658,088 shares in issue at the voting date.
| Date | 23 Jun 2025 |
| Time | 12:39:38 |
| Category | AGMs and other meetings |
| ID | 0074O |
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
23 June 2025
Gem Resources plc
("GEM" or "Company")
Results of AGM
The board of directors of Gem Resources plc (LSE: GEMR) is pleased to announces that, at the Annual General Meeting ("AGM") of the Company held on 23 June 2025, all resolutions put to the meeting were duly passed (each a "Resolution", and together the "Resolutions").
A poll was held on each of the Resolutions and was passed by the required majority.
Resolutions 1-5 and 7 to 9 were passed as ordinary resolutions. Resolution 6 was withdrawn following Mr Milligan tendering his resignation as announced on 20 June 2025.
Resolution 10 was passed as a special resolution.
The results of the poll were as follows:
|
Resolution |
Votes For (Number) |
Votes For (%) |
Votes Against (Number) |
Votes Against (%) |
Discretion Voted Holding (Number) |
Votes Withheld (Number) |
|
Resolution 1 (Ordinary): To approve the Company's 2024 Annual Report |
96,630,114 |
99.96 |
39,604 |
0.04 |
0 |
22,996 |
|
Resolution 2 (Ordinary): To re-appoint Edward Nealon as a director of the Company |
96,630,107 |
99.96 |
39,573 |
0.04 |
0 |
23,027 |
|
Resolution 3 (Ordinary): To re-appoint Bernard Olivier as a director of the Company |
96,630,107 |
99.96 |
39,573 |
0.04 |
0 |
23,027 |
|
Resolution 4 (Ordinary): To re-appoint Peter Redmond as a director of the Company |
96,630,107 |
99.96 |
39,573 |
0.04 |
0 |
23,027 |
|
Resolution 5 (Ordinary): To re-appoint John Treacy as a director of the Company |
96,630,107 |
99.96 |
39,573 |
0.04 |
0 |
23,027 |
|
Resolution 7 (Ordinary): To re-appoint Gerald Edelman LLC as the auditor of the Company |
96,630,114 |
99.96 |
39,573 |
0.04 |
0 |
23,020 |
|
Resolution 8 (Ordinary): To authorise the Directors to determine the Auditor's remuneration |
96,630,114 |
99.96 |
39,604 |
0.04 |
0 |
23,989 |
|
Resolution 9 (Ordinary): To approve authority to allot shares of the Company |
96,630,114 |
99.96 |
39,604 |
0.04 |
0 |
23,989 |
|
Resolution 10 (Special): To approve the disapplication of pre-emption rights |
96,630,114 |
99.96 |
39,604 |
0.04 |
0 |
23,989 |
*Any proxy appointments which gave discretion to the chair of the AGM have been included in the "Vote For" total.
The total number of shares in issue at the voting date is 308,658,088. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of votes for and against the Resolution.
The full text of all of the Resolutions can be found in the Notice of AGM posted on the Company's website, https://uraholdingsplc.co.uk/investors/publications/.
Enquiries:
|
Gem Resources Plc Chief Executive Officer Bernard Olivier Executive Director Peter Redmond |
+44 (0)746 368 6497
|
|
Peterhouse Capital Limited Joint Corporate Broker Lucy Williams Duncan Vasey Capital Plus Partners Joint Corporate Broker Jon Critchley |
+44 (0)20 7469 0930
+44 (0)203 821 6169
|
About Gem Resources Plc ("GEMR")
GEMR is an emerging emerald producer, focusing on the Gravelotte Emerald Mine. Historically, GEMR is one of the world's largest emerald mines, located in South Africa. The Company is committed to sustainable and efficient mining practices, utilizing modern technology to revive this historically significant emerald mine. The Company has also acquired the Curlew Emerald Mine in Australia, further expanding its emerald mining operations and assets.
For more information about Gem Resources Plc, including investor relations and corporate news, please visit our website at www.gemresources.co.uk. Interested parties are also invited to sign-up for our newsletter via our website.