LONDON – Arc Minerals Ltd announced today that its shareholders have approved all resolutions presented at the company’s virtual Annual General Meeting held on November 29, 2024. The resolutions included the acceptance of the company’s accounts and the reappointment of its auditor, among other agenda items.
The first ordinary resolution, which involved receiving and considering the company’s accounts, received 72.4% of the votes in favor and 27.6% against, with no votes withheld. Despite the significant proportion of votes against, the board intends to uphold the acceptance of the independently audited accounts and associated reports. The board acknowledged the need to further engage with shareholders to align on the company’s strategy and objectives, as outlined in the QCA Code.
The second resolution, concerning the reappointment of the company’s auditor and the determination of their remuneration, was passed with a higher approval rate of 89.2% votes for and 10.8% against.
Following the AGM, the company’s board expressed its commitment to ongoing dialogue with shareholders to address any concerns and improve consensus on corporate matters.
Arc Minerals, which is listed on the London Stock Exchange (LON:), is focused on the discovery and development of valuable mineral deposits. The company’s leadership, including Executive Chairman Nick von Schirnding, remains focused on advancing its strategic objectives and enhancing shareholder value.
The results of the AGM are based on a press release statement provided by the company and have been distributed by RNS, the news service of the London Stock Exchange. Arc Minerals has not disclosed further details on the specific nature of the discussions with shareholders or the potential modifications to its approach following the AGM results.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
