Last checked at 14 Oct 2010 10:30
14 October 2010
RESULTS OF GENERAL MEETING
In accordance with Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act, Coal of Africa Limited wishes to advise the following outcome of resolutions put at the General Meeting of Shareholders held earlier today:
1. Adoption of Constitution
The resolution was carried unanimously by a show of hands, and the total number of proxy votes in respect of validly appointed proxies was as follows:
|
| Number | % of Vote | % of Issued Capital |
| For: | 212,205,052 | 99.67 | 40.00 |
| Against: | 268,050 | 0.13 | 0.05 |
| Abstain: | 404,198 | 0.19 | 0.08 |
| Discretionary: | 34,092 | 0.02 | 0.01 |
| TOTAL | 212,911,392 | 100.00 | 40.13 |
2. Adoption of Employee Share Option Plan
The resolution was carried unanimously by a show of hands, and the total number of proxy votes in respect of validly appointed proxies was as follows:
|
| Number | % of Vote | % of Issued Capital |
| For: | 131,127,392 | 61.59 | 24.72 |
| Against: | 81,604,612 | 38.33 | 15.38 |
| Abstain: | 165,774 | 0.08 | 0.03 |
| Discretionary: | 13,614 | 0.01 | 0.00 |
| TOTAL | 212,911,392 | 100.00 | 40.13 |
3. Increase in Directors' Fees
The resolution was carried unanimously by a show of hands, and the total number of proxy votes in respect of validly appointed proxies was as follows:
|
| Number | % of Vote | % of Issued Capital |
| For: | 105,223,385 | 49.42 | 19.83 |
| Against: | 105,033,311 | 49.33 | 19.80 |
| Abstain: | 2,653,082 | 1.25 | 0.50 |
| Discretionary: | 1,614 | 0.00 | 0.00 |
| TOTAL | 212,911,392 | 100.00 | 40.13 |
4. Grant of Options to David Murray
The resolution was carried unanimously by a show of hands, and the total number of proxy votes in respect of validly appointed proxies was as follows:
|
| Number | % of Vote | % of Issued Capital |
| For: | 171,472,931 | 80.54 | 32.32 |
| Against: | 38,777,265 | 18.21 | 7.31 |
| Abstain: | 2,639,254 | 1.24 | 0.50 |
| Discretionary: | 21,942 | 0.01 | 0.00 |
| TOTAL | 212,911,392 | 100.00 | 40.13 |
5. Ratification of Issue of 50,000,000 Shares at an Issue Price of GBP1.10
The resolution was carried unanimously by a show of hands, and the total number of proxy votes in respect of validly appointed proxies was as follows:
|
| Number | % of Vote | % of Issued Capital |
| For: | 136,812,968 | 64.26 | 25.79 |
| Against: | 75,576,768 | 35.50 | 14.25 |
| Abstain: | 492,514 | 0.23 | 0.09 |
| Discretionary: | 29,142 | 0.01 | 0.01 |
| TOTAL | 212,911,392 | 100.00 | 40.13 |
Yours faithfully
Shannon Coates
Company Secretary