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Eastplats Announces Voting Results of Its Annual General and Special Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2022) - Eastern Platinum Limited (TSX:...
About this update from Eastern Platinum Limited
[{"type":"text","content":"Eastplats Announces Voting Results of Its Annual General and Special Meeting of ShareholdersVancouver, British Columbia--(Newsfile Corp. - June 22, 2022) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) (\"Eastplats\" or the \"Company\") announces the voting results of the Company's 2022 Annual General and Special Meeting of Shareholders held on June 21, 2022 (the \"Meeting\"). A total of 81,269,162 common shares were voted at the Meeting, representing 58.97% of the votes attached to all the outstanding common shares of the Company. Detailed results of the vote held at the Meeting are set out below: BusinessOutcome of VoteVotes ForVotes AgainstVotes Withheld1. To set the number of DirectorsApproved79,626,484(99.90%)83,688(0.10%)        2. Resolution electing:        (a) Diana Hu;Approved25,443,954(31.92%)54,266,218(68.08%)(b) Michael Cosic;Approved25,439,554(31.92%)54,270,618(68.08%)(c) George Dorin;Approved70,441,773(88.37%)9,268,399(11.63%)(d) Bielin Shi; andApproved79,652,568(99.93%)57,604(0.07%)(e) Xin (Alex) GuanApproved70,437,873(88.37%)9,272,299(11.63%)as directors of the Company.        3. Resolution appointing PricewaterhouseCoopers LLP, as auditors of the Company for the ensuing year and authorizing the directors of the Company to fix their remuneration.Approved81,109,491(99.80%)159,671(0.20%)        4. Resolution approving the continuation of the Company's Stock Option Plan for a further three years.Approved73,098,311(91.71%)6,611,861(8.29%)  Based on the voting results, all of the nominees proposed as directors and listed in the management information circular dated May 6, 2022 (the \"Circular\") were elected as directors of Eastplats at the Meeting in accordance with applicable corporate law. However, two directors (Diana Hu and Michael Cosic) had more votes withheld than were voted in their favour of their appointments to the Board. As a result, in accordance with the Company's Majority Voting Policy (the \"Policy\"), these two directors have tendered their resignations from the Board of Directors of the Company (the \"Board\"), effective upon acceptance by the Board. The Board will refer such resignations to the Corporate Governance and Compensation Co...