Besra Gold Announces Adoption of Advance Notice By-Law
Besra Gold Inc. (ASX: BEZ) has announced the adoption of an advance notice by-law for director nominations by shareholders. The by-law establishes a clear framework requiring shareholders to submit director nominations at least 30 days before annual meetings (40 days for notice and access cases), or 10 days after the first public announcement if the meeting is less than 50 days away.
For special meetings, nominations must be submitted within 15 days of the first public announcement. The company has postponed its Special Meeting from May 8 to May 26, 2025 (May 27 in Australia), with a record date of April 1, 2025. The Board will waive the nomination deadline until April 11, 2025, to ensure shareholders are not disadvantaged by the new by-law.
The by-law requires shareholder approval at the upcoming Special Meeting to remain effective, needing a majority vote for confirmation.
Besra Gold Inc. (ASX: BEZ) ha annunciato l'adozione di un regolamento di preavviso per le nomine dei direttori da parte degli azionisti. Il regolamento stabilisce un quadro chiaro che richiede agli azionisti di presentare le nomine dei direttori almeno 30 giorni prima delle assemblee annuali (40 giorni per i casi di notifica e accesso), oppure 10 giorni dopo il primo annuncio pubblico se l'assemblea è prevista a meno di 50 giorni.
Per le assemblee straordinarie, le nomine devono essere presentate entro 15 giorni dal primo annuncio pubblico. L'azienda ha posticipato la sua Assemblea Straordinaria dall'8 maggio al 26 maggio 2025 (27 maggio in Australia), con una data di registrazione fissata per il 1 aprile 2025. Il Consiglio rinuncerà alla scadenza per le nomine fino all'11 aprile 2025, per garantire che gli azionisti non siano svantaggiati dal nuovo regolamento.
Il regolamento richiede l'approvazione degli azionisti nella prossima Assemblea Straordinaria per rimanere efficace, necessitando di un voto di maggioranza per la conferma.
Besra Gold Inc. (ASX: BEZ) ha anunciado la adopción de un reglamento de aviso anticipado para las nominaciones de directores por parte de los accionistas. El reglamento establece un marco claro que requiere que los accionistas presenten nominaciones de directores al menos 30 días antes de las reuniones anuales (40 días para casos de aviso y acceso), o 10 días después del primer anuncio público si la reunión es dentro de menos de 50 días.
Para las reuniones especiales, las nominaciones deben presentarse dentro de los 15 días posteriores al primer anuncio público. La empresa ha pospuesto su Reunión Especial del 8 de mayo al 26 de mayo de 2025 (27 de mayo en Australia), con una fecha de corte del 1 de abril de 2025. La Junta renunciará a la fecha límite de nominación hasta el 11 de abril de 2025, para garantizar que los accionistas no se vean perjudicados por el nuevo reglamento.
El reglamento requiere la aprobación de los accionistas en la próxima Reunión Especial para seguir siendo efectivo, necesitando un voto mayoritario para su confirmación.
Besra Gold Inc. (ASX: BEZ)는 주주에 의한 이사 후보 추천을 위한 사전 통지 조례의 채택을 발표했습니다. 이 조례는 주주가 연례 회의 30일 전(통지 및 접근 사례의 경우 40일)까지 이사 후보 추천을 제출해야 하며, 회의가 50일 이내인 경우 첫 번째 공개 발표 후 10일 이내에 제출해야 한다는 명확한 틀을 설정합니다.
특별 회의의 경우, 후보 추천은 첫 번째 공개 발표 후 15일 이내에 제출해야 합니다. 회사는 특별 회의를 2025년 5월 8일에서 2025년 5월 26일로 연기했으며(호주에서는 5월 27일), 기준일은 2025년 4월 1일로 설정되었습니다. 이사회는 새로운 조례로 인해 주주가 불이익을 받지 않도록 2025년 4월 11일까지 후보 추천 마감일을 면제할 것입니다.
이 조례는 다음 특별 회의에서 주주 승인을 요구하며, 유효성을 유지하기 위해서는 과반수 투표가 필요합니다.
Besra Gold Inc. (ASX: BEZ) a annoncé l'adoption d'un règlement de préavis pour les nominations de directeurs par les actionnaires. Le règlement établit un cadre clair exigeant que les actionnaires soumettent leurs nominations au moins 30 jours avant les assemblées annuelles (40 jours pour les cas de notification et d'accès), ou 10 jours après la première annonce publique si l'assemblée a lieu dans moins de 50 jours.
Pour les assemblées extraordinaires, les nominations doivent être soumises dans les 15 jours suivant la première annonce publique. La société a reporté son Assemblée Extraordinaire du 8 mai au 26 mai 2025 (27 mai en Australie), avec une date d'enregistrement fixée au 1er avril 2025. Le Conseil renoncera à la date limite de nomination jusqu'au 11 avril 2025, afin de garantir que les actionnaires ne soient pas désavantagés par le nouveau règlement.
Le règlement nécessite l'approbation des actionnaires lors de la prochaine Assemblée Extraordinaire pour rester en vigueur, nécessitant un vote majoritaire pour sa confirmation.
Besra Gold Inc. (ASX: BEZ) hat die Einführung einer Vorankündigungsordnung für die Nominierung von Direktoren durch die Aktionäre angekündigt. Die Ordnung legt einen klaren Rahmen fest, der von den Aktionären verlangt, die Nominierungen mindestens 30 Tage vor den Hauptversammlungen (40 Tage für Mitteilungs- und Zugangsfälle) einzureichen, oder 10 Tage nach der ersten öffentlichen Bekanntgabe, wenn die Versammlung weniger als 50 Tage entfernt ist.
Für außerordentliche Versammlungen müssen die Nominierungen innerhalb von 15 Tagen nach der ersten öffentlichen Bekanntgabe eingereicht werden. Das Unternehmen hat seine außerordentliche Versammlung vom 8. Mai auf den 26. Mai 2025 (27. Mai in Australien) verschoben, mit einem Stichtag vom 1. April 2025. Der Vorstand wird die Frist für die Nominierung bis zum 11. April 2025 aussetzen, um sicherzustellen, dass die Aktionäre durch die neue Ordnung nicht benachteiligt werden.
Die Ordnung erfordert die Zustimmung der Aktionäre in der kommenden außerordentlichen Versammlung, um weiterhin wirksam zu bleiben, und benötigt eine Mehrheit für die Bestätigung.
- Implementation of clear governance framework for director nominations
- Extended deadline (April 11, 2025) allows shareholders time to adapt to new nomination rules
- Additional procedural requirements may create barriers for shareholder participation in director nominations
- Risk of by-law rejection by shareholders could create governance uncertainty
Melbourne, Victoria, Australia--(Newsfile Corp. - March 27, 2025) - Besra Gold Inc. (ASX: BEZ) (Besra or the Company) is pleased to announce that its board of directors (the Board) has approved the adoption of an advance notice by-law (the By-Law) establishing a process for advance nominations of directors by shareholders of Besra (Shareholders).
The purpose of the By-Law is to provide Shareholders, directors and management of the Company with a clear framework for nominating directors, and to help ensure that all Shareholders receive adequate notice and information about director nominees in order to exercise their voting rights in an informed manner. The By-Law is similar to the advance notice by-laws adopted by many other Canadian public companies.
Among other things, the By-Law fixes a deadline by which Shareholders must submit nominations to the Company before any annual or special meeting of Shareholders and sets forth the minimum information that a Shareholder must include in the notice to the Company for the notice to be valid.
In the case of an annual meeting of Shareholders (including an annual and special meeting), notice of director nominations must be given not less than 30 days (or 40 days where notice and access is to be used) prior to the date of the meeting. In the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice must be given not later than the close of business on the tenth day following the date of such public announcement.
In the case of a special meeting of Shareholders that is not also an annual meeting of Shareholders, notice of director nominations must be given not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.
In accordance with the Canada Business Corporations Act (the Act), the By-Law is effective until it is confirmed, confirmed as amended, or rejected by Shareholders and will be placed before Shareholders for approval, confirmation and ratification at the upcoming special meeting of the Company (the Special Meeting). The Board has resolved to postpone the Special Meeting that was originally scheduled to be held on May 8, 2025 (May 9, 2025 in Australia) until May 26, 2025 (May 27, 2025 in Australia). The record date for determining Shareholders entitled to receive notice of and to vote at the Special Meeting will be 5:00 p.m. (Melbourne time) on April 1, 2025. Pursuant to the provisions of the Act, the By-Law will cease to be effective unless it is approved, ratified and confirmed by a resolution adopted by a majority of the votes cast by the Shareholders at the Special Meeting.
In order to ensure that any Shareholders wishing to make director nominations at the Special Meeting are not prejudiced by the adoption of the By-Law, the Board will waive the deadline for nominations under the By-Law to permit director nominations to be made otherwise in accordance with the By-Law until 5:00 p.m. (Melbourne time) on April 11, 2025.
A copy of the By-Law has been filed under the Company's profile on SEDAR+ at www.sedarplus.ca and is also available for review on Besra's website at www.besra.com.
Advisors
Norton Rose Fulbright Canada LLP is acting as legal counsel to Besra in connection with the Special Meeting.
This announcement was authorised for release by the Board of Besra Gold Inc. For further information, please contact:
Michael Higginson
Director and Company Secretary
Email: michael.higginson@besra.com
N. American Contact
James Hamilton
M +1 416-471-4494
Forward-Looking Statements:
This news release contains "forward-looking information" or "forward-looking statements" within the meaning of applicable securities laws (collectively, "forward-looking statements"). In some cases, forward-looking statements are identifiable by the terminology used, such as "may," "expect," "believe," "plan," "anticipate," "intend," "could," "estimate," "continue," or similar expressions or the negative of such expressions. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances are considered forward- looking statements. Forward-looking statements in this news release include, among other things, references, expressed or implied, to the date of the Special Meeting, the approval by Shareholders of the By-Law, and the waiver of the deadline for nominations under the By-Law with respect to director nominations received for consideration at the Special Meeting.
Forward-looking statements are subject to known and unknown risks and uncertainties and other factors, some of which are beyond the control of Besra, which could cause actual events, results, expectations, achievements or performance to differ materially. These risks and uncertainties include, but are not limited to, the possibility that the Special Meeting will be further postponed or adjourned, the possibility that one or more Shareholders may attempt to nominate directors without complying with the By-Law, the risk that Shareholders will not approve the By-Law at the Special Meeting or that the By-Law will not be accepted by applicable regulatory authorities, and other risks and uncertainties. The foregoing list of risks and uncertainties is not exhaustive.
Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward- looking statements, which speak only as of the date made. The forward-looking statements contained in this news release represent the Company's expectations as of the date of this news release (or as of the date they are otherwise stated to be made) and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable laws. All of the forward-looking statements contained in this news release are expressly qualified by the foregoing cautionary statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246361
FAQ
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