Results of Annual General Meeting

Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, announces that at the Annual General Meeting of the Company held at 2:00 pm on 27 June 2023, Shareholders approved all the ordinary and special resolutions (the “Resolutions”) proposed in the notice of meeting dated 29 May 2023 (the "Notice of Meeting”).

Unless otherwise stated all defined terms in this announcement are consistent with the definitions set out in the Notice of Meeting.

 

The voting was determined by a poll and the results in respect of each Resolution were as follows:

RESOLUTION	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% of ISC* VOTED	VOTES WITHHELD
1. To re-elect Mr Michael Hodgson as a Director of the Company.	46,688,443	99.98%	10,718	0.02%	46,699,161	61.7%	5,598
2. To re-elect Mr Luis Azevedo as a Director of the Company.	44,962,158	96.28%	1,737,003	3.72%	46,699,161	61.7%	5,600
3. To re-elect Mr Michael Lynch-Bell as a Director of the Company.	46,691,163	99.99%	7,003	0.01%	46,698,166	61.7%	5,595
4. To re-elect Ms Carolina Margozzini as a Director of the Company.	44,962,133	96.28%	1,737,003	3.72%	46,699,136	61.7%	5,625
5. To re-elect Ms Deborah Gudgeon as a Director of the Company	46,691,163	99.99%	7,003	0.01%	46,698,166	61.7%	5,595
6. That the Directors' Report and financial statements of the Company for the year ended 31 December 2022 be received and adopted.	46,694,011	99.99%	4,005	0.01%	46,698,016	61.7%	5,745
7. To re-appoint PKF Littlejohn LLP as auditor of the Company.	46,715,349	99.97%	12,007	0.03%	46,727,356	61.7%	5,516
8. To authorise the Directors of the Company to fix the auditors' remuneration and the terms of their engagement.	46,719,774	99.98%	7,607	0.02%	46,727,381	61.7%	5,491
9. That the Company have the ability to continue granting shares awards under the Serabi Gold 2020 Restricted Share Scheme until 26 June 2026 which is the date three (3) years from the date at which shareholder approval is being sought and that all unallocated share awards under the Serabi Gold 2020 Restricted Share Scheme are approved.	42,381,424	90.74%	4,323,251	9.26%	46,704,675	61.7%	86
10. That the Directors be and are hereby authorised to allot shares in the Company up to a nominal value of £2,500,000.	46,396,858	99.59%	189,812	0.41%	46,586,670	61.5%	118,091
11. That subject to the passing of resolution 10, the Directors are empowered to allot equity securities for cash, up to (a) a maximum nominal value of £757,000 and (b) a further nominal amount of 20% of the allotment or slae under (a) for the purpose of a follow-on offer.	46,384,371	99.57%	202,299	0.43%	46,586,670	61.5%	118,091
12. That subject to the passing of resolution 10, the Directors, in addition to the authority granted under resolution 11, are empowered to allot equity securities for cash, up to (a) a maximum nominal value of £757,000 for the purpose of financing an acquisition or other capital investment and (b) ) a further nominal amount of 20% of the allotment or sale under (a) for the purpose of a follow-on offer.	46,369,371	99.53%	217,274	0.47%	46,586,645	61.5%	118,116

* ISC – Issued Share Capital

 

The person who arranged for the release of this announcement on behalf of the Company was Clive Line, Director.

Enquiries

SERABI GOLD plc

Michael Hodgson        t +44 (0)20 7246 6830

Chief Executive        m +44 (0)7799 473621

 

Clive Line        t +44 (0)20 7246 6830

Fínance Director        m +44 (0)7710 151692

 

        e [email protected]

 

        www.serabigold.com

 

BEAUMONT CORNISH Limited

Nominated Adviser & Financial Adviser

Roland Cornish / Michael Cornish        t +44 (0)20 7628 3396

 

PEEL HUNT LLP

Joint UK Broker

Ross Allister                 t +44 (0)20 7418 9000

 

TAMESIS PARTNERS LLP

Joint UK Broker

Charlie Bendon/ Richard Greenfield        t +44 (0)20 3882 2868

 

CAMARCO

Financial PR

Gordon Poole / Emily Hall                t +44 (0)20 3757 4980

 

 

 

 

 

Copies of this announcement are available from the Company's website at www.serabigold.com.

 

 

 

Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this news release.