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Cision Canada
18-06-2025
- Business
- Cision Canada
EASTPLATS ANNOUNCES VOTING RESULTS OF ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
VANCOUVER, BC, June 18, 2025 /CNW/ - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) (" Eastplats" or the " Company") announces the voting results of the Company's 2025 Annual General and Special Meeting of Shareholders held on June 17, 2025 (the " Meeting"). A total of 122,533,921 common shares were voted at the Meeting, representing 60.51% 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: Business Outcome of Vote Votes For Votes Against Votes Withheld 1. To set the number of Directors at 5 Approved 122,379,825 (99.87 %) 154,096 (0.13 %) 2. Resolution electing: (a) Dr. Bielin Shi; Approved 10,654,809 (8.82%) 110,153,359 (91.18%) (b) Xin (Alex) Guan; Approved 120,579,533 (99.81%) 228,635 (0.19%) (c) Changyu (Charlie) Liu; Approved 120,573,767 (99.81%) 234,401 (0.19%) (d) Lisa Ng; and Approved 120,584,083 (99.82%) 224,085 (0.18%) (e) Eason Cong Chen Approved 120,573,667 (99.81%) 234,501 (0.19%) as directors of the Company. 3. Resolution appointing Davidson & Company LLP, as auditors of the Company for the ensuing year and authorizing the directors of the Company to fix their remuneration. Approved 122,360,473 (99.86%) 173,447 (0.14%) 4. Resolution approving the unallocated options, rights and other entitlements issuable under the Company's Stock Option Plan for a further three years. Approved 120,155,919 (99.46%) 652,249 (0.54%) Based on the voting results, all of the nominees proposed as directors and listed in the management information circular dated May 6, 2025 (the " Circular") were elected as directors of Eastplats at the Meeting in accordance with applicable corporate law. However, one director, Dr. Bielin Shi, 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"), Dr. Shi has tendered his resignation 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 Committee (the " Committee") for consideration on whether or not to accept the resignations submitted by Dr. Shi. In accordance with the Policy, the Board shall accept such resignation unless the Committee determines that there are exceptional circumstances relating to the composition of the Board or the voting results that should delay the acceptance of such resignation or justify rejecting such resignation. The Board will issue a news release with its decision. At the Meeting, the unallocated options, rights or other entitlements issuable under Eastplats' Stock Option Plan have been authorized for three further years and Davidson & Company LLP was also re-appointed as auditors of Eastplats. SOURCE Eastern Platinum Ltd.
Yahoo
18-06-2025
- Business
- Yahoo
EASTPLATS ANNOUNCES VOTING RESULTS OF ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
VANCOUVER, BC, June 18, 2025 /CNW/ - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") announces the voting results of the Company's 2025 Annual General and Special Meeting of Shareholders held on June 17, 2025 (the "Meeting"). A total of 122,533,921 common shares were voted at the Meeting, representing 60.51% 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 ofVoteVotes ForVotes Against VotesWithheld 1. To set the number of Directorsat 5Approved122,379,825 (99.87 %)154,096 (0.13 %) 2. Resolution electing: (a) Dr. Bielin Shi;Approved10,654,809 (8.82%) 110,153,359 (91.18%)(b) Xin (Alex) Guan;Approved120,579,533 (99.81%) 228,635 (0.19%)(c) Changyu (Charlie) Liu;Approved120,573,767 (99.81%) 234,401 (0.19%)(d) Lisa Ng; andApproved120,584,083 (99.82%) 224,085 (0.18%)(e) Eason Cong ChenApproved120,573,667 (99.81%) 234,501 (0.19%)as directors of the Company. 3. Resolution appointingDavidson & Company LLP, asauditors of the Company forthe ensuing year andauthorizing the directors of theCompany to fix (99.86%) 173,447 (0.14%)4. Resolution approving theunallocated options, rights andother entitlements issuableunder the Company's StockOption Plan for a further (99.46%)652,249 (0.54%)Based on the voting results, all of the nominees proposed as directors and listed in the management information circular dated May 6, 2025 (the "Circular") were elected as directors of Eastplats at the Meeting in accordance with applicable corporate law. However, one director, Dr. Bielin Shi, 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"), Dr. Shi has tendered his resignation 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 Committee (the "Committee") for consideration on whether or not to accept the resignations submitted by Dr. Shi. In accordance with the Policy, the Board shall accept such resignation unless the Committee determines that there are exceptional circumstances relating to the composition of the Board or the voting results that should delay the acceptance of such resignation or justify rejecting such resignation. The Board will issue a news release with its decision. At the Meeting, the unallocated options, rights or other entitlements issuable under Eastplats' Stock Option Plan have been authorized for three further years and Davidson & Company LLP was also re-appointed as auditors of Eastplats. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. SOURCE Eastern Platinum Ltd. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
