SO4 Salt Lake Potash Limited

TIDMSO4

RNS Number : 9989F

Salt Lake Potash Limited

20 November 2020

 
 20 November 2020   AIM/ASX Code: SO4 
 
 
      SALT LAKE POTASH LIMITED 
  RESULTS OF ANNUAL GENERAL MEETING 
----------------------------------- 
 

Salt Lake Potash Limited (SO4 or the Company) advises that the Annual General Meeting of the Company was held today, 20 November 2020, at 11.00am (WST).

The resolutions voted on were in accordance with the Notice of Annual General Meeting as announced on 21 October 2020 and which is available on the Company's website, www.so4.com.au. All resolutions were voted on and carried by way of a poll.

In accordance with Section 251AA of the Corporations Act 2001, the details of the poll and the proxies received in respect of each resolution are set out in the following summary.

 
 Resolution                                                        Result    Voting                         Number of Proxy Votes Received                                     Number and Percentage of Votes Cast 
                                                                             Method                                                                                                           by Poll 
                                                                                                For             Against      Abstain                  Proxy's                  For                Against                Abstain 
                                                                                                                                                     Discretion 
                                                                                      ----------------------  -----------  ----------  ------------------------  -----------------  ---------------------  --------------------- 
 1. Remuneration Report                                           Carried     Poll               136,961,586   47,407,468    151,089          12,736,619            166,959,660           47,407,468              151,089 
                                                                                                                                                                       77.88%               22.12% 
  ----------------------------------------------------------------------------------  ----------------------  -----------  ----------  ------------------------  -----------------  ---------------------  --------------------- 
 2. Re-election of Director - Mr Ian Middlemas                    Carried     Poll               191,499,129   9,610,626    5,413,599         12,769,033            229,401,330           9,610,626              5,413,599 
                                                                                                                                                                       95.98%                4.02% 
  ----------------------------------------------------------------------------------  ----------------------  -----------  ----------  ------------------------  -----------------  ---------------------  --------------------- 
 3. Election of Director - Mr Matthew Bungey                      Carried     Poll               199,796,547   1,341,488    5,415,599         12,738,753            236,011,351           1,341,488              5,415,599 
                                                                                                                                                                       99.43%                0.57% 
  ----------------------------------------------------------------------------------  ----------------------  -----------  ----------  ------------------------  -----------------  ---------------------  --------------------- 
 4. Election of Director - Mr Philip Montgomery                   Carried     Poll               206,485,870     30,446      37,318           12,738,753            244,357,791             30,446                 37,318 
                                                                                                                                                                       99.99%                0.01% 
  ----------------------------------------------------------------------------------  ----------------------  -----------  ----------  ------------------------  -----------------  ---------------------  --------------------- 
 5. Election of Director - Mr Peter Thomas                        Carried     Poll               206,385,624    100,166      37,318           12,769,279            244,288,071            100,166                 37,318 
                                                                                                                                                                       99.96%                0.04% 
  ----------------------------------------------------------------------------------  ----------------------  -----------  ----------  ------------------------  -----------------  ---------------------  --------------------- 
 6. Approval to increase Non-Executive Directors' Remuneration    Carried     Poll               187,771,233   1,659,690     57,318           12,738,521            219,449,659           1,659,690                57,318 
                                                                                                                                                                       99.25%                0.75% 
  ----------------------------------------------------------------------------------  ----------------------  -----------  ----------  ------------------------  -----------------  ---------------------  --------------------- 
 7. Change of Company Name                                        Carried     Poll               206,333,884    172,435      45,815           12,740,253            244,207,305            172,435                 45,815 
                                                                                                                                                                       99.93%                0.07% 
  ----------------------------------------------------------------------------------  ----------------------  -----------  ----------  ------------------------  -----------------  ---------------------  --------------------- 
 8. Issue of Performance Rights to Mr Tony Swiericzuk             Carried     Poll               140,518,200   48,906,338    66,146           12,736,078            172,194,183           48,906,338               66,146 
                                                                                                                                                                       77.88%               22.12% 
  ----------------------------------------------------------------------------------  ----------------------  -----------  ----------  ------------------------  -----------------  ---------------------  --------------------- 
 9(a). Issue of Director Options - Mr Philip Montgomery           Carried     Poll               199,482,691   6,972,150     101,468          12,736,078            237,231,937           6,972,150               221,468 
                                                                                                                                                                       97.14%                2.86% 
  ----------------------------------------------------------------------------------  ----------------------  -----------  ----------  ------------------------  -----------------  ---------------------  --------------------- 
 9(b). Issue of Director Options - Mr Peter Thomas                Carried     Poll               199,482,691   6,972,150     101,468          12,736,078            237,231,937           6,972,150               221,468 
                                                                                                                                                                       97.14%                2.86% 
  ----------------------------------------------------------------------------------  ----------------------  -----------  ----------  ------------------------  -----------------  ---------------------  --------------------- 
 10. Approval of Additional 10% Placement Capacity                Carried     Poll               204,163,997    141,541     2,246,396         12,740,453            242,037,618            141,541               2,246,396 
                                                                                                                                                                       99.94%                0.06% 
  ----------------------------------------------------------------------------------  ----------------------  -----------  ----------  ------------------------  -----------------  ---------------------  --------------------- 
 

Corporate Presentation

   A new presentation is also now available to view on the Company's website:   www.so4.com.au 

For further information please visit www.so4.com.au or contact:

 
              Tony Swierizcuk / Richard                 Salt Lake Potash Limited                  Tel: +61 8 6559 5800 
              Knights 
              Colin Aaronson / Seamus                   Grant Thornton UK LLP        Tel: +44 (0) 20 7383 5100 
              Fricker                                   (Nominated Adviser) 
              Derrick Lee / Peter Lynch                 Cenkos Securities plc        Tel: +44 (0) 131 220 6939 
                                                        (Joint Broker) 
              Rupert Fane / Ernest Bell    Hannam & Partners (Joint Broker)          Tel: +44 (0) 20 7907 8500 
 

This announcement has been authorised for release by the Company Secretary.

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November 20, 2020 02:00 ET (07:00 GMT)