Ero Copper Announces Voting Results of Annual General and Special Meeting of Shareholders
Ero Copper Corp. (TSX: ERO, NYSE: ERO) held its Annual General and Special Meeting of Shareholders on April 26, 2023, in Vancouver, where 89.08% of shares were represented.
Sentiment and the balance of points
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Rhea-AI Summary
Ero Copper Corp. (TSX: ERO, NYSE: ERO) held its Annual General and Special Meeting of Shareholders on April 26, 2023, in Vancouver, where 89.08% of shares were represented. Shareholders approved all proposals including the re-election of ten directors, with significant support ranging from 95.91% to 99.99% for the election of directors. The company also re-appointed KPMG LLP as auditor and approved the Stock Option Plan and Share Unit Plan with 98.40% and 99.54% of votes in favor, respectively. An advisory vote on executive compensation received 97.81% approval. Ero Copper is based in Vancouver and operates primarily in Brazil, focusing on high-margin copper production.
Positive
- Shareholders approved the re-election of ten directors with high support, indicating strong governance.
- 99.99% approval to set the number of directors at ten demonstrates shareholder confidence.
- Re-appointment of KPMG LLP as auditor with 99.97% approval reflects trust in financial oversight.
- Stock Option Plan and Share Unit Plan received favorable votes (98.40% and 99.54%), supporting employee incentives.
Negative
- None.
Details
News Market Reaction – ERO
The recorded move for ERO in the trading session of this news was +2.13%.
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VANCOUVER, British Columbia, April 26, 2023 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) reported the voting results from its Annual General and Special Meeting of Shareholders held today in Vancouver, British Columbia. A total of 82,182,553 common shares were represented at the meeting, being
Each item of business voted upon at the meeting is described in detail in the Company's Management Information Circular dated March 7, 2023 (the “Circular”), which is available on the Company's website (www.erocopper.com), on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov).
SET THE NUMBER OF DIRECTORS AT TEN
Shareholders approved the proposal to set the number of directors at ten with
ELECTION OF DIRECTORS
Shareholders re-elected ten directors as follows:
| Number of Common Shares Voted | Percentage of Votes Cast | |||||||
| Director Nominee | For | Withheld | For | Withheld | ||||
| Christopher Noel Dunn | 67,587,902 | 1,003,619 | 98.54 | % | 1.46 | % | ||
| David Strang | 68,465,016 | 126,505 | 99.82 | % | 0.18 | % | ||
| Jill Angevine | 67,568,540 | 1,022,981 | 98.51 | % | 1.49 | % | ||
| Lyle Braaten | 65,783,770 | 2,807,751 | 95.91 | % | 4.09 | % | ||
| Steven Busby | 67,586,891 | 1,004,630 | 98.54 | % | 1.46 | % | ||
| Dr. Sally Eyre | 66,888,685 | 1,702,837 | 97.52 | % | 2.48 | % | ||
| Robert Getz | 67,216,580 | 1,374,941 | 98.00 | % | 2.00 | % | ||
| Chantal Gosselin | 67,972,999 | 618,523 | 99.10 | % | 0.90 | % | ||
| John Wright | 68,452,809 | 138,712 | 99.80 | % | 0.20 | % | ||
| Matthew Wubs | 67,445,877 | 1,145,644 | 98.33 | % | 1.67 | % | ||
APPOINTMENT OF AUDITOR
Shareholders re-appointed KPMG LLP, Chartered Professional Accountants, as the auditor of the Company and authorized the directors of the Company to fix the remuneration to be paid to the auditor with
CERTAIN MATTERS RELATING TO THE STOCK OPTION PLAN
Shareholders authorized and approved the Company’s Stock Option Plan, including amendments thereto, and the unallocated options issuable thereunder with
CERTAIN MATTERS RELATING TO THE SHARE UNIT PLAN
Shareholders authorized and approved the Company’s Share Unit Plan, including amendments thereto, and the unallocated units issuable thereunder with
ADVISORY VOTE ON EXECUTIVE COMPENSATION
Shareholder approved the non-binding advisory “say on pay” resolution accepting the Company’s approach to executive compensation as described in the Circular with
ABOUT ERO COPPER CORP
Ero Copper Corp is a high-margin, high-growth, clean copper producer with operations in Brazil and corporate headquarters in Vancouver, B.C. The Company's primary asset is a
FOR MORE INFORMATION, PLEASE CONTACT
Courtney Lynn, VP, Corporate Development & Investor Relations
(604) 335-7504
info@erocopper.com
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