Dragon Mining to Seek Shareholder Approval for Director Changes and New Issuance/Buy-back Mandates at 21 May 2026 AGM

Bulletin Express
03/26

Dragon Mining Limited will ask shareholders to vote on several key resolutions at its annual general meeting scheduled for 21 May 2026 (10:00 a.m., Novotel Century Hong Kong).

Key proposals 1. Board changes • Executive Director and CEO Brett Robert Smith (age 64) and Independent Non-Executive Director Pak Wai Keung Martin (age 62) offer themselves for re-election. • Independent Non-Executive Director Carlisle Caldow Procter will retire and not seek re-election.

2. General share mandates • Issue mandate: Directors may allot and issue up to 20% of the company’s share capital in issue on the date of approval, equal to a maximum of 37.94 million shares (based on 189.72 million shares outstanding as of 23 March 2026). • Share buy-back mandate: Authority to repurchase up to 10% of issued shares, representing 18.97 million shares. Repurchased shares will be cancelled. • Extension mandate: The issue mandate may be increased by the number of shares actually bought back under the new buy-back mandate.

3. Shareholder reference points • Major shareholder APAC Resources Limited currently holds 51.98 million shares, or 27.39% of issued capital. If the buy-back mandate is exercised in full and no new shares are issued, APAC’s stake could rise to 30.44%, potentially triggering a mandatory general offer under Hong Kong’s Takeovers Code. • The board states it has no present intention to issue new shares or repurchase shares under the proposed mandates.

Administrative details • Shareholders must lodge proxy forms by 10:00 a.m. on 19 May 2026 (Hong Kong time). • The register of members will be closed from 18 May to 21 May 2026 (both dates inclusive) for AGM attendance and voting eligibility. • The meeting will vote by poll on all resolutions, with results to be published on the Hong Kong Stock Exchange website.

Remuneration snapshots • Brett Robert Smith: annual salary AU$0.36 million plus discretionary bonus. • Pak Wai Keung Martin: annual remuneration AU$0.03 million.

Auditor re-appointment Shareholders will also vote on re-appointing Ernst & Young as auditor and authorising the board to fix its remuneration.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10