Key points
- Geoffrey Loudon, Russell Debney, Cynthia Thomas, Dr. Mohammed Al Barwani, Usama Barwani and Mark Horn were re-elected as directors for the ensuing year.
- PricewaterhouseCoopers LLP was reappointed as auditor, with directors authorized to fix its remuneration.
- Shareholders reapproved the company’s stock option plan and its share loan plan for Australian-resident directors, officers and employees.
- Chairman Geoffrey Loudon said the company reached a commercial resolution with the Independent State of Papua New Guinea over its equity participation in the Solwara 1 project.
Nautilus Minerals Inc. has released the results of its annual general meeting (AGM) held today in Toronto, Ont., at which 58.3 per cent of the issued shares were represented. Shareholders voted strongly in favour of all resolutions brought before them.
Geoffrey Loudon, Nautilus Minerals’ chairman, said: “I am pleased that we reached a commercial resolution with the Independent State of Papua New Guinea for its equity participation in the Solwara 1 project (the project), and I would like to thank all our shareholders for their continued support during this time. The critical factor in the development of the project remains securing a suitable vessel. Over the past year, we have been busy meeting with shipyards and shipbuilders around the world, determining the basic vessel design and receiving class approval for the basic design. We intend to secure the arrangements for a vessel by the end of the year, following which we will have a clearer understanding of the ultimate timeline to first production.”
The company provides the following report on the voting results of the matters considered at the AGM, the particulars of which are set out in more detail in the company’s information circular, filed on SEDAR on May 20, 2014:
Election of directors: Geoffrey Loudon, Russell Debney, Cynthia Thomas,
Dr. Mohammed Al Barwani, Usama Barwani and Mark Horn were re-elected as
directors of the company for the ensuing year.
Appointment and remuneration of auditor: PricewaterhouseCoopers LLP was
reappointed as the auditor of the company for the ensuing year, and the
directors were authorized to fix its remuneration.
Stock option plan reapproval: The shareholders reapproved the company’s
stock option plan.
Share loan plan reapproval: The shareholders reapproved the company’s
share loan plan, which is an equity-based compensation scheme for the
company’s Australian-resident directors, officers and employees.
- Election of directors: Geoffrey Loudon, Russell Debney, Cynthia Thomas,
Dr. Mohammed Al Barwani, Usama Barwani and Mark Horn were re-elected as
directors of the company for the ensuing year.
- Appointment and remuneration of auditor: PricewaterhouseCoopers LLP was
reappointed as the auditor of the company for the ensuing year, and the
directors were authorized to fix its remuneration.
- Stock option plan reapproval: The shareholders reapproved the company’s
stock option plan.
- Share loan plan reapproval: The shareholders reapproved the company’s
share loan plan, which is an equity-based compensation scheme for the
company’s Australian-resident directors, officers and employees.
The proxy results of voting in respect of the directors are as follows.
Mr. Loudon
Votes for: 99.89 per cent
Votes for: 99.89 per cent
Votes withheld: 0.11 per cent
Votes withheld: 0.11 per cent
Mr. Debney
Votes for: 99.89 per cent
Votes for: 99.89 per cent
Votes withheld: 0.11 per cent
Votes withheld: 0.11 per cent
Mr. Al Barwani
Votes for: 99.88 per cent
Votes for: 99.88 per cent
Votes withheld: 0.12 per cent
Votes withheld: 0.12 per cent
Ms. Thomas
Votes for: 99.90 per cent
Votes for: 99.90 per cent
Votes withheld: 0.10 per cent
Votes withheld: 0.10 per cent
Mr. Barwani
Votes for: 95.33 per cent
Votes for: 95.33 per cent
Votes withheld: 4.67 per cent
Votes withheld: 4.67 per cent
Mr. Horn
Votes for: 99.89 per cent
Votes for: 99.89 per cent
Votes withheld: 0.11 per cent
Votes withheld: 0.11 per cent
