Clean TeQ Results of 2019 Annual General Meeting
MELBOURNE, Oct. 31, 2019 - Clean TeQ Holdings Ltd. (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) announces the results of voting by shareholders during the Company’s Annual General Meeting held on 31 October 2019.
The information provided in the next page is in accordance with section 251AA(2) of Corporations Act 2001 (Cth).
For more information, please contact:
Clean TeQ – Ben Stockdale, CFO and Investor Relations +61 3 9797 6700
About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.
About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.
About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal, zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.
Clean TeQ Holdings Ltd.
2019 Annual General Meeting
Thursday, 31 October 2019
Voting Results
The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth).
| Resolution details | Instructions given to validly appointed proxies (as at proxy close) | Number of votes cast on the poll (where applicable) | Resolution Result | |||||||||||
| Resolution | Resolution Type | For | Against | Proxy's Discretion | Abstain | For | Against | Abstain* | Carried / Not Carried | |||||
| 1 Adoption of Remuneration Report | Ordinary | 156,127,093 | 24,171,645 | 6,507,878 | 1,252,858 | 171,441,130 | 24,406,599 | 1,252,858 | Carried | |||||
| 83.58% | 12.94% | 3.48% | 87.54% | 12.46% | ||||||||||
| 2 Election of Mr Shawn Wang as a Director of the Company | Ordinary | 222,259,766 | 62,697,350 | 6,477,370 | 1,460,654 | The motion was withdrawn | ||||||||
| 76.26% | 21.51% | 2.23% | ||||||||||||
| 3 Re-election of Mr Michael Spreadborough as a Director | Ordinary | 278,902,422 | 6,059,809 | 6,474,070 | 1,458,839 | 294,874,895 | 6,059,809 | 1,458,839 | Carried | |||||
| 95.69% | 2.08% | 2.23% | 97.99% | 2.01% | ||||||||||
| 4 Re-election of Ms Stefanie Loader as a Director of the Company | Ordinary | 266,773,880 | 17,562,067 | 7,093,653 | 1,465,540 | 283,365,936 | 17,562,067 | 1,465,540 | Carried | |||||
| 91.53% | 6.03% | 2.44% | 94.16% | 5.84% | ||||||||||
| 5 Approval to Issue 348,742 Performance Rights to Mr Sam Riggall | Ordinary | 267,596,597 | 13,070,281 | 6,406,081 | 5,720,481 | 282,566,127 | 14,005,235 | 5,720,481 | Carried | |||||
| 93.20% | 4.56% | 2.24% | 95.28% | 4.72% | ||||||||||
| 6 Approval to Issue 408,117 Performance Rights to Mr Sam Riggall | Ordinary | 269,630,800 | 10,940,378 | 6,507,781 | 5,714,481 | 285,402,030 | 11,175,332 | 5,714,481 | Carried | |||||
| 93.92% | 3.81% | 2.27% | 96.23% | 3.77% | ||||||||||
| 7 Approval to Grant Options to Mr Sam Riggall (or his nominee) | Ordinary | 250,142,778 | 30,645,440 | 6,417,781 | 5,587,441 | 265,798,661 | 30,905,741 | 5,587,441 | Carried | |||||
| 87.09% | 10.67% | 2.24% | 89.58% | 10.42% | ||||||||||
| 8 Approval of 10% Placement Facility | Special | 279,318,826 | 5,478,611 | 6,400,239 | 1,595,764 | 294,992,925 | 5,703,154 | 1,595,764 | Carried | |||||
| 95.92% | 1.88% | 2.20% | 98.10% | 1.90% | ||||||||||
| 9 Holding a Spill Meeting | Ordinary | 9,619,977 | 169,242,171 | 6,494,370 | 2,609,256 | The motion was not required | ||||||||
| 5.19% | 91.31% | 3.50% | ||||||||||||
* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.