Newmont shareholders approve Newcrest acquisition with 96% of votes cast

NEWMONT Corp /DE/

Over 96% of votes cast on share issuance proposal in favor; 77% of outstanding shares approved charter amendment to increase authorized shares to 2.55 billion.
All government regulatory approvals secured; Newcrest shareholder vote scheduled for Oct 13, 2023.
Transaction expected to close in early November 2023, subject to customary conditions.
Combined company to deliver annual pre-tax synergies of $500 million within 24 months and target at least $2 billion in cash improvements via portfolio optimization in first two years.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

NEWMONT Corp /DE/ shareholders approved To approve an amendment and restatement of the Company’s Amended and Restated Certificate of Incorporation to increase authorized shares of common stock from 1,280,000,000 to 2,550,000,000 at the 2023-10-11 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-10-11

Exact text from the filing

Proposal #2—The amendment proposal % of outstanding common stock Votes For 614,357,894 77.30 % Votes Against 14,495,004 1.82 % Abstentions 919,901 0.12 % Broker Non-Votes 0 — %

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

NEWMONT Corp /DE/ shareholders approved To approve the adjournment or postponement of the special meeting, if necessary or appropriate at the 2023-10-11 meeting.

Outcome: passed
Meeting: 2023-10-11

Exact text from the filing

Proposal #3—The adjournment proposal % of votes present or represented by proxy at the special meeting Votes For 573,408,527 91.05 % Votes Against 54,082,835 8.59 % Abstentions 2,281,437 0.36 % Broker Non-Votes 0 — %

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

NEWMONT Corp /DE/ shareholders approved To approve the issuance of shares of Newmont common stock to shareholders of Newcrest pursuant to the Scheme and the Deed Poll at the 2023-10-11 meeting.

Proposal: merger approval
Outcome: passed
Meeting: 2023-10-11

Exact text from the filing

Proposal #1—The share issuance proposal % of votes present or represented by proxy at the special meeting Votes For 554,633,372 88.07 % Votes Against 19,953,349 3.17 % Abstentions 1,476,242 0.23 % Broker Non-Votes 53,709,836 8.53 %

View on SEC.gov

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NEWMONT Corp /DE/ filing history →

Source: SEC EDGAR

accession 0001104659-23-108635

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