Last checked at 4 Jun 2019 14:38
4 June 2019
GEM DIAMONDS LIMITED
("Gem Diamonds" or 'the Company')
RESULT OF ANNUAL GENERAL MEETING
At the Company's Annual General Meeting held at Linklaters LLP, One Silk Street London EC2Y 8HQ, on the 4th June 2019 at 09.30am. All resolutions were decided by poll.
All the resolutions were duly passed. The results of the poll incorporating proxy votes lodged in advance of the meeting are set out below: -
ORDINARY RESOLUTIONS | FOR | FOR (% of shares voted) | AGAINST | AGAINST (% of shares voted) | WITHHELD |
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RESOLUTION 1 Report and Accounts | 112,481,583 | 99.99% | 6,616 | 0.01% | 1,024,434 |
RESOLUTION 2 Annual Report on Directors' Remuneration | 93,250,698 | 83.91% | 17,881,133 | 16.09% | 2,380,802 |
RESOLUTION 3 Appointment of Auditor | 92,727,789 | 96.46% | 3,399,236 | 3.54% | 17,385,608 |
RESOLUTION 4 Remuneration of Auditor | 112,488,200 | 99.10% | 1,024,434 | 0.90% | 0 |
RESOLUTION 5 Re-election of Mr Harry Kenyon-Slaney as a Director | 86,955,723 | 76.60% | 26,556,910 | 23.40% | 0 |
RESOLUTION 6 Re-election of Mr Mike Brown as a Director | 109,272,986 | 98.32% | 1,864,845 | 1.68% | 2,374,802 |
RESOLUTION 7 Re-election of Mr Michael Lynch-Bell as a Director | 91,446,029 | 80.56% | 22,060,604 | 19.44% | 6,000 |
RESOLUTION 8 Re-election of Mr Clifford Elphick as a Director | 89,356,069 | 78.72% | 24,156,564 | 21.28% | 0 |
RESOLUTION 9 Re-election of Mr Michael Michael as a Director | 93,978,961 | 82.79% | 19,533,673 | 17.21% | 0 |
RESOLUTION 10 Election of Mr Johnny Velloza as a Director | 109,063,726 | 96.08% | 4,448,907 | 3.92% | 0 |
RESOLUTION 11 Authority to allot shares | 96,124,095 | 84.68% | 17,388,539 | 15.32% | 0 |
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SPECIAL RESOLUTIONS |
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RESOLUTION 12 Disapplication of standard pre-emption rights | 96,124,729 | 84.68% | 17,387,905 | 15.32% | 0 |
RESOLUTION 13 Disapplication of additional pre-emption rights | 93,749,926 | 82.59% | 19,762,707 | 17.41% | 0 |
RESOLUTION 14 Purchase of own shares | 111,135,331 | 97.91% | 2,377,302 | 2.09% | 0 |
1. All resolutions were passed.2. Votes "For" and "Against" are expressed as a percentage of votes received.3. A "Vote withheld" is not a vote in law and is not counted in the calculation of the % of shares voted "For" or "Against" a resolution.
4.The Company notes the votes received on resolutions 5 and 8 ("Re-election of Harry Kenyon-Slaney as a director and re-election of Clifford Elphick as a director"). In accordance with the UK Corporate Governance Code, the Company plans to consult with relevant shareholders to understand the reasons behind the results on those resolutions and address any concerns they may have. Once the outcomes of the consultations have been assimilated, an update will be provided in due course on the views received from such shareholders and any actions taken.5. The total voting rights of the Company on 4 June 2019 is 138,956,545 Ordinary Shares of US$ 0.01 each. The Company holds no Ordinary Shares in Treasury.6. In accordance with LR 9.6.2, copies of the resolutions passed as special business will be submitted to the National Storage Mechanism website and will be available for inspection at www.morningstar.co.uk/uk/NSM.7. These poll results will be available shortly on the Company's website www.gemdiamonds.com
The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.
For further information:
Gem Diamonds LimitedSusan Wallace, Company Secretarial department
Tel: +44 (0) 203 043 0280
ir@gemdiamonds.com
Celicourt Communications
Mark Antelme/Jimmy Lea
Tel: +44 (0) 207 520 9261
ABOUT GEM DIAMONDS:
Gem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho and 100% of the Ghaghoo mine in Botswana. The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.
www.gemdiamonds.com