Centamin PLC Announces Result of 2020 Annual General Meeting

PERTH, AUSTRALIA / ACCESSWIRE / June 29, 2020 / Centamin ("Centamin" or "the Company")(LSE:CEY)(TSX:CEE) announces that, at its Annual General Meeting ("AGM") held today, 29 June 2020, all resolutions set out in the Notice of AGM were passed. The table below details the results of the resolutions.

The Company's issued share capital eligible to be voted at the AGM on 29 June 2020 was 1,155,955,384 ordinary shares. Approximately 73% of the Company's issued share capital were voted at the AGM.

		VOTES FOR				%				VOTES AGAINST				%				VOTES WITHHELD [1]
Ordinary Resolution 1 Annual accounts, strategic and governance report and auditor's report			841,108,838				99.99				112,399				0.01				6,485,212
Ordinary Resolution 2 Approval of the Directors' Remuneration Report			837,525,271				99.90				820,555				0.10				9,360,624
Ordinary Resolution 3.1 Election of Mr Jim Rutherford			789,203,836				97.61				19,317,524				2.39				39,185,090
Ordinary Resolution 3.2 Election of Martin Horgan			846,683,002				100.00				6,791				0.00				1,016,657
Ordinary Resolution 3.3 Election of Dr Sally Eyre			841,388,157				99.37				5,302,636				0.63				1,015,657
Ordinary Resolution 3.4 Election of Dr Catharine Farrow			845,588,805				99.87				1,081,988				0.13				1,035,657
Ordinary Resolution 3.5 Election of Marna Cloete			846,654,343				100.00				10,950				0.00				1,041,157
Ordinary Resolution 3.6 Re-election of Mr Ross Jerrard			844,313,473				99.72				2,367,009				0.28				1,025,968
Ordinary Resolution 3.7 Re-election of Mark Bankes			839,387,954				99.14				7,272,528				0.86				1,045,968
Ordinary Resolution 3.8 Re-election of Dr Fawzy			843,955,035				99.68				2,731,258				0.32				1,020,157
Ordinary Resolution 4.1 Appointment of PricewaterhouseCoopers LLP (Auditor)			841,024,440				99.82				1,540,206				0.18				5,141,803
Ordinary Resolution 4.2 Authorise the directors to agree the auditor's remuneration			845,401,512				99.85				1,308,443				0.15				996,494
Ordinary Resolution 5 Authority to allot relevant securities			796,321,551				94.05				50,360,358				5.95				1,024,541
Special Resolution 6 Disapplication of pre-emption rights			833,441,300				98.44				13,210,949				1.56				1,054,201
Special Resolution 7 Market purchase of ordinary shares			838,252,152				99.14				7,301,526				0.86				2,152,771

On 18 May 2020, the Company announced the new committee and board restructure which takes effect following the AGM and each of Josef El-Raghy, Mark Arnesen and Edward Haslam, who did not stand for re-election at the AGM, have now retired as directors of the Company effective immediately.

In accordance with LR 9.6.2R, a copy of the results of the AGM, along with a copy of resolutions passed other than those concerning ordinary business at the AGM, have been submitted to the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The scrutineers of the poll were Computershare Investor Services (Jersey) Limited. The full text of each of the resolutions is set out in the Notice of AGM, a copy of which is available on the Centamin website at www.centamin.com.

Jim Rutherford, Chairman commented:

"This AGM marks an important juncture for the Company, with the longstanding Chairman and Director, Josef El-Raghy, stepping down from the Board, together with two other directors, Ed Haslam and Mark Arnesen. Thank you to all three individuals for their hard work and dedication building a remarkable gold company.

Josef has led Centamin for over 20 years and has been responsible for overseeing the transition of the Company from a small explorer, through to the development and construction of the Sukari Gold Mine, which has now been producing for ten years. Centamin is well positioned for the future, with a strong management team and Board who will sustain the legacy and values of its founders.

I would like to reaffirm our commitment as a Board and management team acting on your behalf as shareholders, to continued effective corporate governance and regular shareholder engagement. As the new Chairman, I look forward to helping guide the Company forward to continued success in the future."

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For more information, please visit the website www.centamin.com or contact:

Centamin plc Alexandra Carse [phone] [e-mail]

Buchanan Communications Bobby Morse + 44 (0)20 7466 5000 [e-mail]

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[1] A "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' the resolution.

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SOURCE: Centamin PLC

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