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Silvercorp Announces Amendments to Meeting Proposal and Postponement of Annual General and Special Meeting

SVM
  • Silvercorp Metals Inc. (TSX/NYSE American: SVM) postponed its annual general and special meeting from September 25, 2026, to October 2, 2026, at 10:00 a.m. Pacific time.
  • The proxy voting deadline has been extended to September 30, 2026, at 10:00 a.m. Pacific time.
  • The Board approved variations to the special resolution regarding the Company's Articles to strengthen corporate governance & align with Hong Kong Stock Exchange listing rules.
  • Proposed amendments include increasing the shareholder meeting quorum requirement from 5% to 25% of issued shares entitled to vote.
  • The Company proposes to set the director meeting quorum at least at one-half of directors then in office, rounded up.
  • The Company intends to delete Article 15 & all references to alternate directors.
  • Advance notice provisions will be amended to remove the 65-day maximum submission window for shareholder nominations & adjust deadlines based on the new meeting date.
  • Requirements for additional information regarding proposed nominees will be limited to what is required under applicable securities laws & stock exchange rules.
  • Hong Kong listing-related amendments will only be implemented if the Board proceeds with listing common shares on the Hong Kong Stock Exchange.
  • The Board recommends shareholders vote IN FAVOR of the Amended Articles Resolution.
  • Laurel Hill Advisory Group was retained as proxy solicitation agent for a fee of $30,000 plus expenses.
  • Shareholders with questions can contact Laurel Hill via email at info@laurelhilladvisory.com or by phone at 1-877-452-7184 (North America) or 1-416-304-0211 (outside North America).