Last checked at 27 Jun 2018 11:01
27 June 2018
Kore Potash Plc
("Kore Potash" or the "Company")
Kore Potash - Results of AGM
Kore Potash plc, (ASX: KP2, AIM: KP2, JSE: KP2) the potash development company whose flagship asset is the 97%-owned Sintoukola Potash Project ("Kola" or the "Project"), is pleased to announce that the resolutions put to its Annual General Meeting ("AGM") held earlier today, Wednesday 27 June 2018, were duly passed.
The Company also advises that a change to the wording of resolution 24 was put to the AGM. Due to a typographical error, the resolution made reference to an aggregated nominal amount of US286,411,481 instead of US257,770 (being approximately 30% of the Company's share capital). No objections were received to the amended wording and with the consent of the meeting resolution 24 was passed in its amended form.
The resolutions were all passed on a show of hands.
The following statistics, as detailed in the attached Annexure A, are provided in respect of each motion on the Agenda of Kore Potash Limited's AGM.
ENDS
For further information, please visit www.korepotash.com or contact:
Kore Potash David Hathorn
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| Tel: +27 11 469 9140
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Tavistock Communications Jos Simson Edward Lee
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| Tel: +44 (0) 20 7920 3150
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Canaccord Genuity - Nomad and Broker Martin Davison James Asensio
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| Tel: +44 (0) 20 7523 4600
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ANNEXURE A:
In respect to each resolution the total number of votes exercisable by all validly appointed proxies was as follows:
RESOLUTION | TOTAL VOTES VALIDLY CAST | FOR |
DISCRETION - CHAIRMAN
| DISCRETION - OTHER | AGAINST | VOTES WITHHELD |
Resolution 1 - Receive the 2017 Annual Report | 478,719,349 | 478,084,912 | 330,479 | 20,034 | 155,652 | 128,272 |
Resolution 2 - Approval of Remuneration Report | 478,719,349 | 477,187,760 | 325,479 | 20,034 | 238,013 | 948,063 |
Resolution 3 - Re-appointment and Remuneration of Auditors | 478,719,349 | 474,875,547 | 325,479 | 20,034 | 3,333,156 | 165,133 |
Resolution 4 - Re-appointment of David Hathorn as a Director | 478,719,349 | 456,475,546 | 333,479 | 20,034 | 157,052 | 21,733,238 |
Resolution 5 - Re-appointment of Brad Sampson as a Director | 478,719,349 | 478,105,612 | 325,479 | 20,034 | 152,052 | 116,172 |
Resolution 6 - Re-appointment of Leonard Math as a Director | 478,719,349 | 478,055,951 | 325,479 | 20,034 | 151,052 | 166,833 |
Resolution 7 - Re-appointment of Jonathan Trollip as a Director | 478,719,349 | 477,264,237 | 325,479 | 20,034 | 151,052 | 958,547 |
Resolution 8 - Re-appointment Timothy Keating as a Director | 478,719,349 | 478,050,665 | 325,479 | 20,034 | 156,338 | 166,833 |
Resolution 9 - Re-appointment of David Netherway as a Director | 478,719,349 | 478,099,912 | 325,479 | 20,034 | 156,052 | 117,872 |
Resolution 10 - Re-appointment of Jose Antonio Merino as a Director | 478,719,349 | 478,051,651 | 325,479 | 20,034 | 157,052 | 165,133 |
Resolution 11 - Ratification of prior issue of Shares to Canaccord Genuity Limited | 478,719,349 | 478,018,474 | 325,479 | 20,034 | 208,613 | 146,749 |
ANNEXURE A (CONTINUED):
RESOLUTION | TOTAL VOTES VALIDLY CAST | FOR |
DISCRETION - CHAIRMAN
| DISCRETION - OTHER | AGAINST | VOTES WITHHELD |
Resolution 12 - Ratification of prior issue of Shares to Renaissance Securities (Cyprus) Limited and Rencap Securities (Pty) Limited | 478,719,349 | 478,018,474 | 325,479 | 20,034 | 208,613 | 146,749 |
Resolution 13 - Issue of Warrants | 164,195,349 | 163,497,376 | 325,479 | 20,034 | 232,188 | 120,272 |
Resolution 14 - Approval for issue of Shares and Warrants to Theseus (Guernsey) Limited on conversion of Convertible Loan | 478,719,349 | 456,429,659 | 325,479 | 20,034 | 229,723 | 21,714,454 |
Resolution 15 - Approval to cancel and re-grant Performance Rights to David Hathorn | 162,887,385 | 140,572,989 | 325,479 | 20,034 | 243,819 | 21,725,064 |
Resolution 16 - Approval to cancel and re-grant Performance Rights to Jonathan Trollip | 162,887,385 | 161,349,380 | 325,479 | 20,034 | 243,819 | 948,673 |
Resolution 17 - Approval to cancel and re-grant Performance Rights to Leonard Math | 162,887,385 | 162,141,094 | 332,979 | 20,034 | 236,319 | 156,959 |
Resolution 18 - Approval for the grant of 750,000 Performance Rights to David Netherway | 162,887,385 | 162,141,094 | 325,479 | 20,034 | 269,219 | 131,559 |
Resolution 19 - Approval for the grant of 750,000 Performance Rights to Timothy Keating | 162,887,385 | 162,141,094 | 325,479 | 20,034 | 269,219 | 131,559 |
Resolution 20 - Approval for the grant of 4,000,000 Options to David Hathorn | 162,882,385 | 140,556,350 | 337,308 | 20,034 | 264,219 | 21,704,474 |
Resolution 21 - Approval for the grant of 17,200,000 Options to Brad Sampson | 162,887,385 | 162,133,357 | 325,479 | 20,034 | 272,146 | 136,369 |
Resolution 22 - Issue of 500,000 Performance Rights to Sean Bennett | 162,887,385 | 162,141,094 | 325,479 | 20,034 | 269,219 | 131,559 |
ANNEXURE A (CONTINUED):
RESOLUTION | TOTAL VOTES VALIDLY CAST | FOR |
DISCRETION - CHAIRMAN
| DISCRETION - OTHER | AGAINST | VOTES WITHHELD |
Resolution 23 - Issue of 1,050,000 Performance Rights to Sean Bennett | 162,887,385 | 162,107,117 | 325,479 | 20,034 | 298,386 | 136,369 |
Resolution 24 - Authority to allot Shares | 478,719,349 | 474,817,260 | 325,479 | 20,034 | 3,398,317 | 158,259 |
Resolution 25 - Disapplication of Pre-emption Rights (Special Resolution) | 478,719,349 | 474,783,450 | 345,479 | 20,034 | 3,411,127 | 159,259 |