TIDMCAPD
RNS Number : 8439P
Capital Drilling Limited
12 June 2020
For Immediate Release 12 June 2020
Capital Drilling Limited
("Capital Drilling", the "Group" or the "Company")
Results of Annual General Meeting
The Board of Directors of Capital Drilling announces that all
resolutions put to shareholders at today's annual general meeting
were duly passed.
Of 136,980,903 issued shares 103,032,443 voted, representing
75.22% of total shares issued.
Following today's AGM, Executive Chairman Jamie Boyton gave a
short presentation followed by a Q&A session with the Board for
shareholders. The presentation can be found here
(https://www.capdrill.com/investors/announcements) and included the
following highlights:
Q2 2020 Trading Update and COVID-19 Update
-- Q2 20 revenue expected to be broadly consistent with Q1 20,
continuing the strong revenue growth on 2019
-- Operations continue to perform strongly with no Capital sites
being meaningfully impacted by COVID-19, with the impact to
operations limited to;
- The movement of people, particularly international travel
- Increased RDO's (rostered days off) for fatigue management
- Slower movement of goods across the supply chain
-- Experienced delays in the resumption of greenfield
exploration drilling, primarily due to travel restrictions
Outlook
-- Current gold prices providing a highly supportive environment
for increased activity levels in exploration and delineation
drilling
-- Financing activities have increased in May 2020 providing
solid balance sheet support for junior and intermediate
explorers
-- Increasing demand from existing clients, reflecting improved
operating cash flows and increased operating budgets
-- Improved tendering pipeline across all business units
pointing to strong demand growth which we expect will materialise
in H2 2020, following the easing of travel restrictions and end of
the wet season in West Africa
The details of the proxy votes lodged are set out below:
RESOLUTION NUMBER FOR AGAINST WITHHELD TOTAL
1 102,923,455 108,267 721 103,032,443
------------ ----------- ----------- ------------
2 102,923,455 108,267 721 103,032,443
------------ ----------- ----------- ------------
3 59,178,695 127,245 43,726,503 103,032,443
------------ ----------- ----------- ------------
4 66,599,834 127,245 36,305,364 103,032,443
------------ ----------- ----------- ------------
5 66,599,834 127,245 36,305,364 103,032,443
------------ ----------- ----------- ------------
6 81,524,479 108,267 21,399,697 103,032,443
------------ ----------- ----------- ------------
7 87,941,443 127,245 14,963,755 103,032,443
------------ ----------- ----------- ------------
8 65,906,089 15,743,228 21,383,126 103,032,443
------------ ----------- ----------- ------------
9 87,960,421 15,071,301 721 103,032,443
------------ ----------- ----------- ------------
10 91,717,914 3,830,421 7,484,108 103,032,443
------------ ----------- ----------- ------------
11 91,753,967 3,767,170 7,511,306 103,032,443
------------ ----------- ----------- ------------
12 102,858,806 153,938 19,699 103,032,443
------------ ----------- ----------- ------------
13 91,753,967 3,767,170 7,511,306 103,032,443
------------ ----------- ----------- ------------
14 102,833,530 127,668 71,245 103,032,443
------------ ----------- ----------- ------------
- ENDS -
For further information, please visit Capital Drilling's website
www.capdrill.com or contact:
Capital Drilling Limited +230 464 3250
Jamie Boyton, Executive Chairman investor@capdrill.com
André Koekemoer, Chief Financial Officer
Rick Robson, Executive - Corporate Development
Berenberg +44 20 3207 7800
Matthew Armitt
Jennifer Wyllie
Detlir Elezi
Tamesis Partners LLP +44 20 3882 2868
Charlie Bendon
Richard Greenfield
Buchanan +44 20 7466 5000
Bobby Morse capitaldrilling@buchanan.uk.com
Kelsey Traynor
James Husband
About Capital Drilling
Capital Drilling is a leading mining services business providing
a complete range of drilling and mine site services to mineral
exploration and mining companies, with a focus on the African
markets. The company's services include: exploration, development,
drill and blast and grade control drilling for surface and
underground projects and load and haul services. The Group's
corporate headquarters are in Mauritius and it has established
operations in Botswana, Burkina Faso, Côte d'Ivoire, Egypt, Mali,
Mauritania, Namibia, Nigeria and Tanzania.
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contact rns@lseg.com or visit www.rns.com.
END
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