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OceanaGold Corporation - Updated information for annual general and special meeting of shareholders
OceanaGold Corporation - Updated information for annual general and special meeting of sha...
About this update from Oceanagold Corporation
[{"type":"text","content":"\n\n\n\nOceanaGold Corporation - Updated information for annual general and special meeting of shareholders\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMELBOURNE, May 17, 2018\n\n\n\n\n\n\n/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./\n\n\n\nMELBOURNE, May 17, 2018 /CNW/ - OceanaGold Corporation (TSX/ASX: OGC) (the \"Company\") today announced that in order to continue to align the Company with leading governance practices, it proposes to present an amended Performance Rights Plan to reduce the maximum number of securities to be issued or reserved for issuance under its Performance Rights Plan from 5% of the issued and outstanding Common Shares of the Company to 3.3%.  The shareholders' resolution to approve the amendment to the Performance Rights Plan will be presented from the floor at the upcoming shareholders' meeting to be held on June 1, 2018.    \n\nReference is made to the Notice of Meeting and Management Information Circular in respect of the Annual General and Special Meeting of Shareholders dated April 26, 2018 (\"Circular\").  All undefined capitalised terms have the meaning given to it in the Circular unless the context requires otherwise.  The amendments to the Circular are as follows:  \n\nSection A (iv) – Resolution 3: Re-approval of Performance Rights Plan  \n\nThe amendment to the Plan involves reducing the maximum number of Common Shares to be issued or reserved for issuance on redemption of Performance Rights issued under the Plan from 5% of the issued and outstanding Common Shares of the Company to 3.3%.  The Performance Rights Plan is the only active equity compensation plan for employees of the Company. There are no other changes to the Performance Rights Plan otherwise.     \n\nAs of the date of this media release, an aggregate of 617,464,893 Common Shares of the Company were issued and outstanding.  A total of 649,503 options remained outstanding under the Option Plan, 7,795,095 perfo...