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2 Aug 2012 15:34
2nd August 2012
AFRICAN MINERALS LIMITED
(Registered in Bermuda No. 34816)
RESOLUTIONS PASSED AT 2012 AGM
_______________________________________
At the Annual General Meeting of African Minerals Limited (the "Company") held at Five Stratton Street, London, W1J 8LA at 11 am on 2 August 2012, the following ordinary resolutions were passed:
ORDINARY RESOLUTIONS
1. THAT the Directors' report, the financial statements and the auditors' report for the financial year ended 31 December 2011, as approved by the Directors, be received and adopted.
2. THAT the Directors' remuneration report for the year ended 31 December 2011 be approved.
3. THAT Ernst & Young LLP be reappointed as independent auditors to the Company, and that the Directors be authorised to set their remuneration.
4. THAT the maximum number of Directors of the Company be set at fifteen, and that all vacancies on the Board from time to time be deemed to be casual vacancies, and that the Directors be authorised to fill any casual vacancies as and when they deem fit.
5. THAT Frank Timis, who retired by rotation in accordance with the Bye-laws, be re-elected as a Director of the Company.
6. THAT Gibril Bangura, who retired by rotation in accordance with the Bye-laws, be re-elected as a Director of the Company.
7. THAT Dermot Coughlan, who retired by rotation in accordance with the Bye-laws, be re-elected as a Director of the Company.
8. THAT Cui Jurong, who was appointed as a Director by the Board, be re-elected as a Director of the Company.
9. THAT, on the recommendation of the Directors, the Bye-laws of the Company be amended by the insertion of new Bye-law 157, as set out in the schedule attached to the Notice of Annual General Meeting, and that the Bye-laws as amended be approved and adopted as the new Bye-Laws of the Company.
All resolutions were declared passed as ordinary resolutions of the Company, after being put to the vote of the meeting on a poll. The results of the voting were:
For | Against | |||||
Resolution No. | No. of shares | % of vote | % of issued shares | No. of shares | % of vote | % of issued shares |
1 | 255,432,734 | 99.98% | 77.12% | 39,000 | 0.02% | 0.01% |
2 | 246,406,257 | 99.61% | 74.39% | 954,351 | 0.39% | 0.29% |
3 | 255,403,434 | 99.97% | 77.11% | 68,300 | 0.03% | 0.02% |
4 | 255,376,794 | 99.99% | 77.10% | 29,300 | 0.01% | 0.01% |
5 | 212,015,626 | 82.99% | 64.01% | 43,456,078 | 17.01% | 13.12% |
6 | 233,577,145 | 91.43% | 70.52% | 21,894,589 | 8.57% | 6.61% |
7 | 216,098,814 | 84.59% | 65.24% | 39,361,457 | 15.41% | 11.88% |
8 | 233,320,448 | 91.33% | 70.44% | 22,151,256 | 8.67% | 6.69% |
9 | 151,208,827 | 59.19% | 45.65% | 104,262,907 | 40.81% | 31.48% |
Francis O'Neill, Company Secretary
2 August 2012
Ends
Contacts:
African Minerals Limited
+44 20 3435 7600
Mike Jones
Aura Financial
+44 20 7321 0000
Michael Oke/Harry Cameron
Deutsche Bank
+44 207 545 8000
Rupert Green
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