Last checked at 30 Nov 2015 08:15
ANNOUNCEMENT 30 November 2015
Results of Annual General Meeting
The Directors of the Coal of Africa Limited (the "Company" or "CoAL") are pleased to announce that at the Annual General Meeting of Shareholders held on Friday 27 November 2015, the resolutions put to the meeting was passed unanimously by a show of hands.
In accordance with ASX Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act 2001, the Company hereby provides the following information on proxy votes received for each resolution:
For | Against | Proxy Discretion | Excluded | Abstain | |
RESOLUTION 1 - Adoption of Remuneration Report | 1 077 542 686 | 13 345 109 | 97 676 | 1 371 059 | 315 766 |
RESOLUTION 2 - Re-election of Director - David Brown | 1 089 108 839 | 3 155 283 | 97 676 | 310 498 | |
RESOLUTION 3 - Re-election of Director - Rudolph Torlage | 1 092 233 283 | 18 839 | 99 676 | 320 498 | |
RESOLUTION 4 Election of Director - De Wet Schutte | 1 088 079 503 | 4 173 419 | 97 676 | 321 698 | |
RESOLUTION 5 - Election of Director - Thabo Mosololi | 1 092 233 174 | 9 748 | 97 676 | 331 698 | |
Resolution 6: Election of Director - Andrew Mifflin | 1 092 243 157 | 9 765 | 97 676 | 321 698 | |
Resolution 7: Ratification of Shares issued in preceding 12 month period | 283 626 683 | 81 160 | 97 676 | 808 546 429 | 320 348 |
Resolution 8: Ratification of Shares issued in preceding 12 month period | 1 092 172 956 | 81 316 | 97 676 | 320 348 | |
Resolution 9: Ratification of Shares issued in preceding 12 month period | 1 091 056 662 | 1 197 610 | 97 676 | 320 348 | |
Resolution 10: Ratification of Options issued in preceding 12 month period | 1 091 056 662 | 1 197 610 | 97 676 | 320 348 | |
Resolution 11: Approval of Performance Rights Plan | 1 082 715 589 | 9 548 683 | 97 676 | 310 348 | |
Resolution 12: Grant of Performance Rights to Director - David Brown | 1 082 665 433 | 9 598 839 | 97 676 | 310 348 | |
Resolution 13: Grant of Performance Rights to Director - De Wet Schutte | 1 082 665 433 | 9 598 839 | 97 676 | 310 348 | |
Resolution 14: Approval of Potential Termination Benefits under Performance Rights Plan | 1 081 547 339 | 10 706 933 | 97 676 | 320 348 | |
Resolution 15: Approval to Issue Options to Non-Executive Director - Peter Cordin | 1 073 300 387 | 17 592 826 | 97 676 | 1 371 059 | 310 348 |
Resolution 16: Approval to Issue Options to Non-Executive Director - Khomotso Mosehla | 1 074 671 463 | 17 592 809 | 97 676 | 310 348 | |
Resolution 17: Approval to Issue Options to Non-Executive Director - Bernard Pryor | 1 074 671 446 | 17 592 826 | 97 676 | 310 348 | |
Resolution 18: Approval to Issue Securities to Non-Executive Director - Andrew Mifflin | 1 074 671 446 | 17 592 826 | 97 676 | 310 348 | |
Resolution 19: Approval to Issue Options to Non-Executive Director - Thabo Mosololi | 1 074 671 463 | 17 592 809 | 97 676 | 310 348 |
AUTHORISED BY:
Tony Bevan
Company Secretary
For more information contact:
David Brown | Chief Executive Officer | Coal of Africa | +27 10 003 8000 |
De Wet Schutte | Chief Financial Officer | Coal of Africa | +27 10 003 8000 |
Celeste Riekert | Investor Relations | Coal of Africa | +27 10 003 8000 |
Tony Bevan | Company Secretary | Endeavour Corporate Services | +61 08 9316 9100 |
Company advisors:
Jos Simson/Emily Fenton | Financial PR (United Kingdom) | Tavistock | +44 20 7920 3150 |
Matthew Armitt/Ross Allister | Nominated Adviser and Broker | Peel Hunt LLP
| +44 20 7418 8900 |
Charmane Russell/Olwen Auret | Financial PR (South Africa) | Russell & Associates | +27 11 880 3924 or +27 82 372 5816 |
Investec Bank Limited is the nominated JSE Sponsor
About CoAL:
CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoAL's key projects include the Vele Colliery (coking and thermal coal), the Greater Soutpansberg Project /MbeuYashu, including CoAL's Makhado Project (coking and thermal coal).