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Eastplats announces voting results of its annual general and special meeting of shareholders
EASTERN PLATINUM LIMITED
(Incorporated in Canada)
(Canadian Registration number BC0722783)
(South African Registration number 2007/006318/10)
Share Code TSX: ELR ISIN: CA2768555096
Share Code JSE: EPS ISIN: CA2768555096
(“Eastplats” or the “Company”)
June 22, 2022
Trading Symbol: ELR (TSX); EPS (JSE)
NEWS RELEASE
EASTPLATS ANNOUNCES VOTING RESULTS OF ITS ANNUAL GENERAL AND SPECIAL MEETING
OF SHAREHOLDERS
June 22, 2022, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”)
announces the voting results of the Company’s 2022 Annual General and Special Meeting of Shareholders
held on June 21, 2022 (the “Meeting”). A total of 81,269,162 common shares were voted at the Meeting,
representing 58.97% 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 Votes For Votes Votes
Vote Against Withheld
1. To set the number of Directors Approved 79,626,484 83,688
(99.90%) (0.10%)
2. Resolution electing:
(a) Diana Hu; Approved 25,443,954 54,266,218
(31.92%) (68.08%)
(b) Michael Cosic; Approved 25,439,554 54,270,618
(31.92%) (68.08%)
(c) George Dorin; Approved 70,441,773 9,268,399
(88.37%) (11.63%)
(d) Bielin Shi; and Approved 79,652,568 57,604
(99.93%) (0.07%)
(e) Xin (Alex) Guan Approved 70,437,873 9,272,299
(88.37%) (11.63%)
as directors of the Company.
3. Resolution appointing Approved 81,109,491 159,671
PricewaterhouseCoopers LLP, (99.80%) (0.20%)
as auditors of the Company for
the ensuing year and
authorizing the directors of the
Company to fix their
remuneration.
4. Resolution approving the Approved 73,098,311 6,611,861
continuation of the Company’s (91.71%) (8.29%)
Stock Option Plan for a further
three years.
Based on the voting results, all of the nominees proposed as directors and listed in the management
information circular dated May 6, 2022 (the “Circular”) were elected as directors of Eastplats at the Meeting
in accordance with applicable corporate law.
However, two directors (Diana Hu and Michael Cosic) 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"), these two directors have tendered their resignations 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 these directors. In accordance with the Policy, the
Board shall accept such resignations 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 resignations or justify rejecting such resignations. The Board will issue a news release
with its decision.
At the Meeting, Eastplats’ Stock Option Plan has been authorized for three further years, and the
PricewaterhouseCoopers LLP were also re-appointed as auditors of Eastplats.
For further information, please contact:
EASTERN PLATINUM LIMITED
Wylie Hui, Chief Financial Officer and Corporate Secretary
whui@eastplats.com (email)
(604) 800-8200 (phone)
No stock exchange, securities commission or other regulatory authority has approved or
disapproved the information contained herein.
The Company has a primary listing on the Toronto Stock Exchange and a secondary listing on the JSE
Limited.
JSE Sponsor
PSG Capital
Date: 22-06-2022 08:45:00
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