Ero Copper announces voting results of Annual General and Special Shareholders Meeting
May 08 2020 - 4:29PM
Ero Copper Corp. (the “Company”)
(TSX:
ERO) reported the voting results from its annual general
and special meeting of shareholders held on May 7, 2020 in the
Company’s head office located in Vancouver, British Columbia and by
live teleconference. A total of 76,357,768 common shares were
represented at the meeting, being 89.04% of the issued and
outstanding common shares of the Company. Shareholders voted in
favour of all items of business before the meeting, including the
re-election of management’s nominees as directors for the ensuing
year and the advisory vote on executive compensation. Detailed
results of the votes are presented below.
Each item of business voted upon at the meeting
is described in detail in the Company's Management Information
Circular dated March 12, 2020 (the “Circular”), which is available
on the Company's website (www.erocopper.com) and on SEDAR
(www.sedar.com).
Set the Number of Directors at Nine
The setting of the number of directors at nine
was approved, and the outcome of the valid proxies received was as
follows:
Number of Common Shares Voted |
Percentage of Votes Cast |
For |
Against |
For |
Against |
75,117,161 |
619,273 |
99.18% |
0.82% |
Election of Directors
Each of the nine nominees in the Circular were
re-elected as directors of the Company for the ensuing year, and
the outcome of the valid proxies received was as follows:
Director Nominee |
Number of Common Shares Voted |
Percentage of Votes Cast |
For |
Withheld |
For |
Withheld |
Christopher Noel Dunn |
75,143,611 |
592,823 |
99.22% |
0.78% |
David Strang |
75,735,629 |
805 |
100.00% |
0.00% |
Lyle Braaten |
72,926,657 |
2,809,777 |
96.29% |
3.71% |
Steven Busby |
75,246,220 |
490,214 |
99.35% |
0.65% |
Dr. Sally Eyre |
75,141,497 |
594,937 |
99.21% |
0.79% |
Robert Getz |
74,417,015 |
1,319,419 |
98.26% |
1.74% |
Chantal Gosselin |
75,711,632 |
24,802 |
99.97% |
0.03% |
John Wright |
75,373,813 |
362,621 |
99.52% |
0.48% |
Matthew Wubs |
74,926,225 |
810,209 |
98.93% |
1.07% |
Appointment of Auditor
KPMG LLP, Chartered Professional Accountants,
was re-appointed as the auditor of the Company for the ensuing
year, and the directors of the Company were authorized to fix the
remuneration to be paid to the auditor, and the outcome of the
valid proxies received was as follows:
Number of Common Shares Voted |
Percentage of Votes Cast |
For |
Withheld |
For |
Withheld |
75,740,505 |
617,261 |
99.19% |
0.81% |
Incentive Option Grants under the Stock Option Plan to
New Directors
The granting of 8,086 incentive stock options on
August 15, 2019 to each of Dr. Sally Eyre and Chantal Gosselin,
upon appointment to the Board of Directors of the Company, was
ratified, authorized and approved, and the outcome of the valid
proxies received was as follows:
Number of Common Shares Voted |
Percentage of Votes Cast |
For |
Against |
For |
Against |
74,294,664 |
1,441,770 |
98.10% |
1.90% |
Certain Matters Relating to the Stock Option
Plan
The Company’s Stock Option Plan, including
amendments thereto, and the unallocated options issuable thereunder
was authorized and approved, and the outcome of the valid proxies
received was as follows:
Number of Common Shares Voted |
Percentage of Votes Cast |
For |
Against |
For |
Against |
74,079,017 |
1,657,417 |
97.81% |
2.19% |
Certain Matters Relating to the Share Unit
Plan
The Company’s Share Unit Plan, including
amendments thereto, and the unallocated units issuable thereunder
was authorized and approved, and the outcome of the valid proxies
received was as follows:
Number of Common Shares Voted |
Percentage of Votes Cast |
For |
Against |
For |
Against |
74,270,259 |
1,466,175 |
98.06% |
1.94% |
Amendments to the Articles of the Company
The amendments to the Articles of the Company to
(i) increase the quorum requirement for the Company’s shareholder
meetings to two persons who are, or who represent by proxy,
shareholders who, in the aggregate, hold at least 25% of the issued
shares entitled to be voted at the meeting; and (ii) increase the
quorum requirement for the transaction of the business of the
directors to be set at a majority of the directors were authorized
and approved, and the outcome of the valid proxies received was as
follows:
Number of Common Shares Voted |
Percentage of Votes Cast |
For |
Against |
For |
Against |
75,117,132 |
619,302 |
99.18% |
0.82% |
Advisory Vote on Executive Compensation
The non-binding advisory “say on pay” resolution
accepting the Company’s approach to executive compensation as
described in the Circular was approved, and the outcome of the
valid proxies received was as follows:
Number of Common Shares Voted |
Percentage of Votes Cast |
For |
Against |
For |
Against |
70,844,985 |
4,891,449 |
93.54% |
6.46% |
ABOUT ERO COPPER CORP
Ero Copper Corp, headquartered in Vancouver,
B.C., is focused on copper production growth from the Vale do
Curaçá Property, located in Bahia, Brazil. The Company’s primary
asset is a 99.6% interest in the Brazilian copper mining company,
MCSA, 100% owner of the Vale do Curaçá Property with over 40 years
of operating history in the region. The Company currently
mines copper ore from the Pilar and Vermelhos underground mines. In
addition to the Vale do Curaçá Property, MCSA owns 100% of the Boa
Esperanҫa development project, an IOCG-type copper project located
in Pará, Brazil and the Company, directly and indirectly, owns
97.6% of the NX Gold Mine, an operating gold and silver mine
located in Mato Grosso, Brazil. Additional information on the
Company and its operations, including Technical Reports on the Vale
do Curaçá, Boa Esperanҫa and NX Gold properties, can be found on
the Company’s website (www.erocopper.com) and on SEDAR
(www.sedar.com).
ERO COPPER CORP. |
|
Signed: “David Strang” |
For further information contact: |
David Strang, President &
CEO |
Makko DeFilippo, Vice President, Corporate Development |
|
(604) 429-9244 |
|
info@erocopper.com |
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