25 Nov 2011 13:38
AQUARIUS PLATINUM LIITEDASX, LSE & JSE 25 November 2011 RESULTS - ANNUAL GENERAL MEETING
We advise the following resolutions placed before shareholders at the Annual General Meeting of Aquarius Platinum Limited on 25 November 2011 were approved as follows:
1. Resolution 1 - Re-election of Mr David Dix
To consider and, if thought fit, to pass, with or without amendment, the following resolution:
"That Mr David Dix, who retires by rotation in accordance with the Company's Bye-laws and being eligible, offers himself for re-election, be re-elected as a Director."
In Favour: 337,432,804 Against: 4,927,779 Abstain: 4,686,212
2. Resolution 2 - Re-election of Sir William Purves
To consider and, if thought fit, to pass, with or without amendment, the following resolution:
"That Sir William Purves, who retires by rotation in accordance with the Company's Bye-laws and being eligible, offers himself for re-election, be re-elected as a Director."
In Favour: 337,938,734 Against: 5,638,886 Abstain: 3,469,175
3. Resolution 3 - Buy back authorisation
To consider and, if thought fit, to pass, with or without amendment, the following resolution:
"That the Company be generally and unconditionally authorised to make market purchases of Shares on such terms and in such manner as the Directors may determine, provided that:
the maximum number of Shares that may be purchased pursuant to this authority is 23,508,360 Shares, representing 5% of the issued capital of the Company as at 21 October 2011;
the minimum price which may be paid for any Share purchased pursuant to this authority is US$0.05;
the maximum price which may be paid for any Share purchased pursuant to this authority shall not be more than an amount equal to 105% of the average of the middle market prices shown in the quotations for the Shares in the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which that Share is contracted to be purchased and the amount stipulated by Article 5(1) of the Buy-back and Stabilisation Regulation 2003; and
the authority shall expire at the conclusion of the Company's next annual general meeting after the passing of this Resolution unless renewed, varied or revoked before that time, but the Company may make a contract or contracts to purchase Shares under this authority before its expiry which will or may be executed wholly or partly after the expiry of this authority, and may make a purchase of Shares in pursuance of any such contract."
In Favour: 343,956,332 Against: 2,576,014 Abstain: 514,449
4. Resolution 4 - Ratification of issue of 6,804,162 Shares under Afarak
acquisition
To consider and, if thought fit, to pass, with or without amendment, the following resolution:
"That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, the Shareholders ratify the issue of 6,804,162 Shares as part consideration for the acquisition of Afarak Platinum (Proprietary) Limited on 13 April 2011, and otherwise on the terms and conditions set out in the Explanatory Memorandum."
The Company will disregard any votes cast on this resolution by any person who participated in the issue, and any associate of such persons. However, the Company need not disregard a vote if it is cast by a person as proxy for a person who is entitled to vote, in accordance with the directions on the proxy form, or it is cast by the person chairing the meeting as proxy for a person who is entitled to vote, in accordance with a direction on the proxy form to vote as the proxy decides.
In Favour: 342,072,117 Against: 4,097,931 Abstain: 876,747
5. Resolution 5 - Amendments to Bye-laws
To consider and, if thought fit, to pass, with or without amendment, the following resolution:
"That, in accordance with Bye-law 94 of the Company's Bye-laws and for all other purposes, the amendments to the Bye-laws set out in Schedule A to the Explanatory Memorandum be approved and be implemented with immediate effect."
In Favour: 344,467,097 Against: 2,579,698 Abstain: 0
6. Resolution 6 - Disapplication of pre-emptive rights
To consider and, if thought fit, to pass, with or without amendment, the following resolution as a special resolution:
"That, subject to Resolution 5 being passed, in accordance with Bye-law 51.2A (f), the Directors be given power to allot Equity Securities (including, for the avoidance of doubt, any Common Shares held as treasury shares immediately before their sale) for cash pursuant to the authority conferred on them by Bye-law 51.2 as if Bye-law 51.2A(a) did not apply to any such allotment provided that:
a. this power shall be limited to the allotment of Equity Securities up to a
maximum amount of 70,525,080 Shares (or a nominal amount of US$3,526,254);
and
this power shall expire on the conclusion of the Company's next annual general meeting or, if earlier, close of business on 25 February 2013, however the Company may, before the expiry of this power, make offers or agreements which would or might require Equity Securities to be issued after such expiry and, notwithstanding such expiry, the Directors may issue Equity Securities in pursuance of such offers or agreements as if this power had not expired."
In Favour: 310,900,996 Against: 36,145,293 Abstain: 506
7. Resolution 7 - Re-appointment of Auditor
To consider and, if thought fit, to pass, with or without amendment, the following resolution:
"That, Messrs Ernst & Young of Perth, Western Australia, be and are hereby appointed as Auditors of the Company until the conclusion of the next annual general meeting at a fee to be agreed by the Directors."
In Favour: 343,947,779 Against: 3,099,016 Abstain: 0
For further information please contact:
In Australia: Willi Boehm Aquarius Platinum Corporate Services Pty Ltd +61 8 9367 5211 In South Africa: Stuart Murray Aquarius Platinum (South Africa) (Pty) Ltd +27 11 455 2050 or visit: www.aquariusplatinum.com
REGISTERED OFFICE
Aquarius Platinum Limited â— Clarendon House â— 2 Church Street â— Hamilton HMCX Bermuda
Email: info@aquariusplatinum.com
Telephone: +61 8 9367 5211
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