Last checked at 25 Nov 2016 13:00
ANNOUNCEMENT 25 November 2016
Results of 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 earlier today, 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 | Abstain | Excluded | |
RESOLUTION 1 - Adoption of Remuneration Report
| 950,325,961 | 9,837,881 | 1,025,981 | 847,006 | 1,371,059 |
Resolution 2: Re-election of Director - Bernard Pryor
| 961,315,621 | 179,548 | 1,025,981 | 886,738 | |
Resolution 3: Re-election of Director - Peter Cordin
| 952,778,458 | 8,716,711 | 1,025,981 | 886,738 | |
Resolution 4: Re-election of Director - Khomotso Mosehla | 959,390,443 | 1,958,226 | 1,031,981 | 1,027,238 | |
Resolution 5: Election of Director - Shangren Ding | 961,454,539 | 40,630 | 1,025,981 | 886,738 | |
Resolution 6: Replacement of Employee Share Options with Performance Rights to Director - David Brown
| 961,284,942 | 105,972 | 1,025,981 | 990,993 | |
Resolution 7: Replacement of Employee Share Options with Performance Rights to Director - De Wet Schutte | 961,274,759 | 245,972 | 1,034,207 | 852,950 | |
Resolution 8: Grant of Performance Rights to Director - David Brown
| 961,184,942 | 244,972 | 1,025,981 | 951,993 | |
Resolution 9: Grant of Performance Rights to Director - De Wet Schutte
| 961,181,634 | 244,972 | 1,028,207 | 953,075 |
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 van Tonder | 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).