24 Nov 2010 07:00
AQUARIUS PLATINUM LIMITEDASX, LSE & JSE24 November 2010 RESULTS - ANNUAL GENERAL MEETING
We advise the following ordinary resolutions placed before shareholders at the Annual General Meeting of Aquarius Platinum Limited on 23 November 2010 were approved as follows:
1. 1. Resolution 1 - Re-election of Mr Nicholas Sibley
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That Mr Nicholas Sibley, 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: 320,662,713 Against: 23,324,439 Abstain: 6,214,491
2. Resolution 2 - Re-election of Mr Kofi Morna
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That Mr Kofi Morna, 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: 312,329,694 Against: 37,078,551 Abstain: 793,398
3. Resolution 3 - Amendments to Bye-laws
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary 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."
In Favour: 347,048,309 Against: 2,346,771 Abstain: 806,563
4. Resolution 4 - Buy back authorisation
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary 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:
a. the maximum number of Shares that may be purchased pursuant to this
authority is 23,161,550 Shares, representing 5% of the issued capital of
the Company as at 8 October 2010;
b. the minimum price which may be paid for any Share purchased pursuant to
this authority is US$0.05;
c. 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
d. 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: 346,478,923 Against: 2,647,982 Abstain: 1,074,738
5. Resolution 5 - Directors' Fees
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That, for the purposes of Bye-law 22.1, ASX Listing Rule 10.17 and for all other purposes, the maximum fees payable to the non-executive Directors of the Company be increased by US$400,000 to US$1,250,000 per annum, to be divided amongst the non-executive Directors in such proportions and in such manner as they may agree and, in default of agreement, in equal shares."
In Favour: 322,379,195 Against: 27,017,779 Abstain: 804,669
6. Resolution 6 - Re-appointment of Auditor
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary 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: 337,201,455 Against: 11,588,359 Abstain: 1,411,829
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
vendor