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NEW GOLD ANNOUNCES RESULTS OF VOTE FOR ELECTION OF BOARD OF DIRECTORS

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New Gold announced the results of its Board of Directors election at the Annual General Meeting held on May 14, 2024. Patrick Godin was re-elected with 99.53% of votes. Other directors like Thomas McCulley and Margaret Mulligan also received strong support.

The appointment of the auditor received 84.52% approval, and the 'Say on Pay' advisory vote saw a 98.84% approval rate. Detailed voting results can be found on SEDAR+.

Positive
  • Patrick Godin was re-elected with 99.53% support, indicating strong investor confidence.
  • Thomas McCulley received 99.52% of votes, reinforcing stability in the Board.
  • The 'Say on Pay' advisory vote had a high approval rate of 98.84%, showing shareholder satisfaction with executive compensation.
  • Margaret Mulligan received 99.11% approval, reflecting board continuity.
  • Gillian Davidson's re-election with 94.06% support shows solid backing from shareholders.
Negative
  • Nicholas Chirekos received only 79.95% of votes, showing a significant level of shareholder withholding at 20.05%.
  • The appointment of the auditor was approved by 84.52%, indicating some dissent among shareholders with 15.48% voting against.

TORONTO, May 15, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) today announces the voting results from the election of its Board of Directors at New Gold's Annual General Meeting of Shareholders (the "Meeting") held on May 14, 2024, as set out below.

Election of Directors

Director Nominee

Votes For

% For

Votes Withheld

% Withheld

Patrick Godin

361,329,329

99.53 %

1,717,797

0.47 %

Nicholas Chirekos

290,253,990

79.95 %

72,793,135

20.05 %

Gillian Davidson

341,491,337

94.06 %

21,555,788

5.94 %

Thomas McCulley

361,301,870

99.52 %

1,745,255

0.48 %

Margaret Mulligan

359,813,070

99.11 %

3,234,055

0.89 %

Richard O'Brien

361,028,341

99.44 %

2,018,784

0.56 %

Ian Pearce

340,842,205

93.88 %

22,204,920

6.12 %

Marilyn Schonberner

356,463,339

98.19 %

6,583,788

1.81 %

Appointment of Auditor

Votes For

Votes Against

% For

% Against

364,555,009

66,778,395

84.52 %

15.48 %

Say on Pay Advisory Vote

Votes For

Votes Against

% For

% Against

358,842,014

4,205,111

98.84 %

1.16 %

The results of the other matters considered at the Meeting are disclosed in the Report of Voting Results filed on SEDAR+ at www.sedarplus.com on May 14, 2024.

About New Gold

New Gold is a Canadian-focused intermediate mining company with a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. New Gold's vision is to build a leading diversified intermediate gold company based in Canada that is committed to the environment and social responsibility. For further information on the Company, visit www.newgold.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/new-gold-announces-results-of-vote-for-election-of-board-of-directors-302146798.html

SOURCE New Gold Inc.

FAQ

What were the results of the Board of Directors election at New Gold's Annual General Meeting on May 14, 2024?

Patrick Godin received 99.53% of votes, Thomas McCulley 99.52%, Margaret Mulligan 99.11%, and Gillian Davidson 94.06%.

What percentage of votes did Patrick Godin receive for his re-election?

Patrick Godin received 99.53% of votes in favor.

How did shareholders vote on the 'Say on Pay' advisory vote for New Gold?

The 'Say on Pay' advisory vote was approved with 98.84% of votes in favor.

What percentage of shareholders voted against the appointment of the auditor for New Gold?

15.48% of shareholders voted against the appointment of the auditor.

What were the votes for Nicholas Chirekos in the New Gold Board of Directors election?

Nicholas Chirekos received 79.95% of votes in favor and 20.05% withheld.

New Gold Inc.

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