I see the NZSA have sent out a press release:SHAREHOLDER ACTIVISM MAKES A DIFFERENCE AT NEWTALISMAN GOLD MINES
September29th 2021
The NZ Shareholders Association(NZSA) is satisfied with the outcome of today’s shareholder votes in relationto New Talisman Gold Mines (NZX: NTL).
NZSA has supported retailshareholders to ensure that their concerns are heard by the NTL Board and to advocatefor governance improvement – as we do for any listed company.
For New Talisman Gold Mines,NZSA supported the election of John Upperton, a concerned shareholder of NTL,to the Board, as well as opposing recent board appointee Kelly Wyse.
Additionally, two non-bindingresolutions were tabled at the meeting calling for the immediate resignationfrom the Board of both the current Chair, Charbel Nader and Matthew Hill, whois also the CEO of the company. NZSA voted in favour of these resolutions.
The vote of shareholders attodays’ meeting supported the positions adopted by NZSA with regard to theresolutions.
“The outcome of today’s vote atNew Talisman Gold Mines shows that the voices of retail investors remainimportant for any listed entity, and that concerns raised by shareholdersshould carry weight with New Zealand’s corporate leadership”, says OliverMander, NZSA Chief Executive. “We’re looking forward to a change inapproach by NTL, in terms of both its current strategy and its relationshipwith shareholders”.
“While the results of theresolutions calling for the removal of Charbel Nader and Matthew Hill from theBoard are non-binding, NZSA would ask both individuals to consider the wishesof shareholders.”
To support shareholder advocacy,NZSA offers a free proxy service that allows retail shareholder votes to becounted. Contact [email protected] forfurther information on this service and the registration process.
ENDS
About NZ Shareholders Association
Since its formation in2001, the NZSA mission is to represent, promote and protect the interests ofinvestors in shares and other investment products. We aim to promote andencourage an active, efficient, fair and transparent market for raisingcapital, trading shares and other investment products.
For further informationor comment, please contact Oliver Mander (CEO) on 021 190-5343 or at [email protected].
