Silvercorp Shareholders Approve Articles Amendment and Compensation Plan
Silvercorp Metals Inc. announced that its annual general meeting approved all submitted proposals, including amendments to the company's articles and updates to its share-based compensation plan. Directors were also elected.
Vancouver, BC – Silvercorp Metals Inc. reported that all matters submitted to shareholders for approval at its annual general and special meeting held today were passed. The meeting saw 55.69% of the votes attached to outstanding shares represented, with shareholders approving amendments to the company's articles to align them with the listing rules of The Stock Exchange of Hong Kong.
In addition, shareholders approved an ordinary resolution to further amend and restate the company's amended and restated share-based compensation plan. Deloitte LLP was re-appointed as the company's auditor for the ensuing year. Detailed voting results for all matters will be filed on SEDAR+, EDGAR, and the company's website.
The meeting also resulted in the election of the company's directors. Dr. Rui Feng received 98.86% of the votes, while other director nominees received between 83.76% and 88.93% of the votes. The director election results indicate continued shareholder confidence in the nominated board members.
Silvercorp is a Canadian mining company that produces silver, gold, lead, and zinc. The company's strategy focuses on generating free cash flow from long-life mines, organic growth through exploration, and pursuing merger and acquisition opportunities, while maintaining a commitment to responsible mining and ESG principles.