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IN BRIEF: Tertiary Minerals Faces Sizeable Investor Opposition At AGM Thu, 28th Jan 2021 21:19 Tertiary Minerals PLC - mineral exploration and development in the US state of Nevada and in northern Europe - Notes a special annual general meeting resolution failed to pass, with two other motions also facing sizeable opposition. A special resolution to approve dis-application of pre-emption rights was rejected by just over 42% of voters, meaning it did not pass as majority of 75% was needed. Motion to re-elect Donald McAlister as non-executive director passed, though just under 35% rejected proposal. Tertiary adds just over 31% rejected vote to authorise the directors to allot shares, though motion passed. Patrick Cheetham, the executive chair is always available to engage with shareholders and we would like to take this opportunity to encourage shareholders to contact him to discuss any company issues affecting them, Tertiary says. ....
Tertiary Minerals plc, the AIM traded company building a multi-commodity project portfolio , held its Annual General Meeting ( AGM ) today. All resolutions were passed with the exception of Resolution 5 (being the resolution to disapply pre-emption rights for share issues) which did not achieve the 75% majority of the votes required to pass. The meeting was held behind closed doors due to Covid-19 restrictions and all proxies received appointed the Chairman as their proxy. Voting on all resolutions was carried out by poll. The proxies received for each resolution were as follows and include the two shareholders present at the meeting. Consequently Votes for and Against numbers also reflect the results of the poll. Votes withheld are not counted in a poll. ....