Dundee Precious Metals Shareholders Elect All 10 Nominees To The Board Of Directors And 97% Support Executive Compensation Program
May 7, 2015
TORONTO, ONTARIO--(Marketwired - May 7, 2015) - Dundee Precious Metals Inc. (TSX:DPM) (TSX:DPM.WT.A) (the "Company" or "DPM") held its Annual General Meeting of shareholders in Toronto today and is pleased to announce the results of voting. A total of 112,854,315 shares (approximately 80% of the outstanding common shares) were represented, in person or by proxy, demonstrating strong support for the election of its nominees as directors and for the Company's inaugural say on pay advisory vote on its approach to executive compensation.
The shareholders appointed the 10 board members (eight of whom are independent), with shares represented at the meeting voting in favour of the individual directors as follows:
| Derek H.L. Buntain | 99.86% |
| R. Peter Gillin | 99.80% |
| Jonathan Goodman | 99.43% |
| Richard Howes | 99.88% |
| Murray John | 99.42% |
| Jeremy Kinsman | 99.89% |
| Garth A.C. MacRae | 92.68% |
| Peter Nixon | 99.68% |
| Anthony P. Walsh | 99.67% |
| Donald Young | 99.96% |
Advisory Say on Pay Vote
This year, for the first time, DPM gave shareholders the opportunity to cast an advisory vote on its approach to executive compensation. The advisory resolution was passed by 97.06% of the votes cast at the meeting, demonstrating overwhelming shareholder support for the Company's approach to compensation. The primary objective of the Company's compensation program is to attract, motivate and retain qualified employees to achieve its corporate objectives, maintain shareholder value and promote greater alignment of interests between its executive officers and shareholders.
About DPM
Dundee Precious Metals Inc. is a Canadian based, international gold mining company engaged in the acquisition, exploration, development, mining and processing of precious metals. The Company's principal operating assets include the Chelopech operation, which produces a copper concentrate containing gold and silver, located east of Sofia, Bulgaria; the Kapan operation, which produces a copper concentrate and a zinc concentrate, both containing gold and silver, located in southern Armenia; and the Tsumeb smelter, a concentrate processing facility located in Namibia. DPM also holds interests in a number of developing gold properties located in Bulgaria, Serbia, and northern Canada, including interests held through its 50.1% owned subsidiary, Avala Resources Ltd., and its 12.1% interest in Sabina Gold & Silver Corp.
Contact Information:
Dundee Precious Metals Inc.
Lori Beak
Senior Vice President, Governance, and Corporate Secretary
(416) 365-5165
moc.suoicerpeednud@kaebl
