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Centerra to hold meeting on proposed plan of arrangement with Kyrgyzstan

Centerra Gold Inc. announced that it has called a special meeting of shareholders. Website of the company says.

At the meeting, Centerra shareholders will be asked to consider and, if deemed advisable, to pass a resolution approving the proposed plan of arrangement which will give effect to certain aspects of the previously announced global arrangement agreement entered into by, among others, Centerra, Kyrgyzaltyn JSC and the Government of the Kyrgyz Republic.

As reported, Centerra will file a management information circular and proxy-related materials with securities regulatory authorities in connection with the meeting in the coming days. The circular will contain important information relating to the status of the transactions contemplated by the arrangement agreement as well as details about the conduct of, and voting by shareholders at, the meeting. Centerra shareholders are urged to read and consider the information that will be contained in the circular in its entirety prior to voting at the meeting.

The meeting will be held virtually on July 25, 2022, at 11 a.m. (Toronto time).

All Centerra shareholders are encouraged to vote at the Meeting online or by proxy.

In order for Centerra to implement the arrangement, the arrangement resolution must be approved by at least two-thirds of the votes cast at the meeting by Centerra shareholders, and a majority of the votes cast by Centerra shareholders, excluding the votes of any Centerra shareholders, such as Kyrgyzaltyn, required to be excluded under Multilateral Instrument 61-101 — Protection of Minority Security Holders in Special Transactions, in each case present virtually or represented by proxy at the meeting.

«The arrangement has been approved by the Board of Directors of Centerra, following the recommendation of a Special Committee of independent directors of Centerra. The Centerra Board of Directors recommends that Centerra shareholders vote in favour of the arrangement resolution at the meeting,» the statement says.

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