24 Nov 2010 07:00
Metminco Limited (LSE: MNC)
("the Company")
Metminco Shareholders
24 November 2010
RESULTS OF ANNUAL GENERAL MEETING - 24 NOVEMBER 2010
Pursuant to Listing Rule 3.13.2 and Section 251AA of the Corporations Law, details in relation to resolutions put to the Company's Annual General Meeting held today follow:
Resolution 1:
"That the Remuneration Report for the year ended 30 June 2010 be adopted."
Valid proxies received in respect of resolution 1.
VOTES | NUMBER |
For | 378,748,963 |
Against | 34,000 |
Abstain | 131,504,920 |
Resolution 1 was passed by majority of eligible votes cast in favour of the resolution carried on valid proxies received.
Resolution 2:
"That, for the purpose of clause 15.6 of the Constitution and for all other purposes, Timothy Read, a Director who was appointed as an additional Director on 1 April 2010 retires, and being eligible, is re-elected as a Director."
Valid proxies received in respect of resolution 2.
VOTES | NUMBER |
For | 509,923,105 |
Against | 54,000 |
Abstain | 310,778 |
Resolution 2 was passed by more than 50% of eligible votes cast in favour of the resolution carried on valid proxies received.
.
Resolution 3:
"That, for the purpose of clause 15.6 of the Constitution and for all other purposes, Francisco Vergara-Irarrazaval, a Director who was appointed as an additional Director on 1 April 2010 retires, and being eligible, is re-elected as a Director."
Valid proxies received in respect of resolution 3.
VOTES | NUMBER |
For | 507,593,883 |
Against | 54,000 |
Abstain | 2,640,000 |
Resolution 3 was passed by more than 50% of eligible votes cast in favour of the resolution carried on valid proxies received.
.
Resolution 4:
"That, for the purpose of clause 15.10 of the Constitution and for all other purposes, John Fillmore, a Director who was appointed as a Director on 10 May 2007 retires, and being eligible, is re-elected as a Director."
Valid proxies received in respect of resolution 4.
VOTES | NUMBER |
For | 506,399,772 |
Against | 54,000 |
Abstain | 2,510,778 |
Resolution 4 was passed by more than 50% of eligible votes cast in favour of the resolution carried on valid proxies received.
.
Resolution 5:
"That, for the purposes of Listing Rule 7.4 and for all other purposes, Shareholders approve and ratify the prior allotment and issue of a total of 36,666,666 Shares in the Company on the terms and conditions set out in the Explanatory Memorandum accompanying the 2010 Notice Of Annual General Meeting."
Valid proxies received in respect of resolution 5.
VOTES | NUMBER |
For | 510,214,883 |
Against | 73,000 |
Abstain | 0 |
Resolution 5 was passed by more than 50% of eligible votes cast in favour of the resolution carried on valid proxies received.
Resolution 6:
"That, for the purposes of Listing Rule 7.4 and for all other purposes, Shareholders approve and ratify the prior allotment and issue of a total of 21,506,248 Shares in the Company on the terms and conditions set out in the Explanatory Memorandum accompanying the 2010 Notice Of Annual General Meeting."
Valid proxies received in respect of resolution 6.
VOTES | NUMBER |
For | 510,184,883 |
Against | 103,000 |
Abstain | 0 |
Resolution 6 was passed by more than 50% of eligible votes cast in favour of the resolution carried on valid proxies received.
.
Resolution 7:
"That, for the purposes of Listing Rule 7.1 of Listing Rules and for all other purposes, the issue of 150,000,000 new fully paid ordinary shares at a subscription price of $A0.20 per share to selected sophisticated and institutional investors on the basis set out in the Explanatory Memorandum is accompanying the 2010 Notice Of Annual General Meeting."
Valid proxies received in respect of resolution 7.
VOTES | NUMBER |
For | 510,179,883 |
Against | 108,000 |
Abstain | 0 |
Resolution 7 was passed by more than 50% of eligible votes cast in favour of the resolution carried on valid proxies received.
Resolution 8:
"That for the purposes of Listing Rule 7.1 and for all other purposes, approval is given for the Company to be authorised to issue and allot 160,000,000 Shares to Takoradi Limited (Takoradi) as the major component of a cash and Shares consideration for the acquisition of 56,511,906 fully paid ordinary shares held by Takoradi in Hampton Mining Limited."
Valid proxies received in respect of resolution 8.
VOTES | NUMBER |
For | 509,781,628 |
Against | 506,255 |
Abstain | 0 |
Resolution 8 was passed by more than 50% of eligible votes cast in favour of the resolution carried on valid proxies received.
Resolution 9:
"That for the purposes of Listing Rule 7.1 and for all other purposes, approval is given for the Company to be authorised to issue and allot 35,000,000 Shares to the Sentient Group (at the irrevocable direction of Takoradi) as a component of the consideration for the acquisition of 56,511,906 fully paid ordinary shares held by Takoradi in Hampton Mining Limited."
Valid proxies received in respect of resolution 9.
VOTES | NUMBER |
For | 509,781,628 |
Against | 506,255 |
Abstain | 0 |
Resolution 9 was passed by more than 50% of eligible votes cast in favour of the resolution carried on valid proxies received.
Resolution 10:
"That for the purposes of Listing Rule 7.1 and for all other purposes, approval is given for the Company to be authorised to issue and allot 11,434,076 Shares to Notesan Pty Limited (Notesan) in consideration for the acquisition of 2,858,519 fully paid ordinary shares held by Notesan in Hampton Mining Limited."
Valid proxies received in respect of resolution 10.
VOTES | NUMBER |
For | 509,781,628 |
Against | 506,255 |
Abstain | 0 |
Resolution 10 was passed by more than 50% of eligible votes cast in favour of the resolution carried on valid proxies received.
Resolution 11:
"That for the purposes of Listing Rule 7.1 and for all other purposes, approval is given for the Company to be authorised to issue and allot 6,400,000 Shares to A J Holdings Corporation (A J Holdings) in consideration for the acquisition of 1,600,000 fully paid ordinary shares held by A J Holdings in Hampton."
Valid proxies received in respect of resolution 11.
VOTES | NUMBER |
For | 509,774,628 |
Against | 513,255 |
Abstain | 0 |
Resolution 11 was passed by more than 50% of eligible votes cast in favour of the resolution carried on valid proxies received.
Resolution 12:
"That, pursuant to and in accordance with Listing Rule 7.2, Exception 9 of the Listing Rules, the Company approve the issue of securities to employees under the employee incentive option scheme known as the "Metminco Employee Share Option Plan", the rules of which are annexed as Attachment 4 of the Explanatory Memorandum accompanying the 2010 Notice Of Annual General Meeting."
Valid proxies received in respect of resolution 12.
VOTES | NUMBER |
For | 509,351,628 |
Against | 936,255 |
Abstain | 0 |
Resolution 12 was passed by more than 50% of eligible votes cast in favour of the resolution carried on valid proxies received.
Resolution 13:
"That, for the purposes of s208 of the Corporations Act and Listing Rule 10.11 of the ASX, and for all other purposes, the Company be authorised to grant to John Fillmore (and/or his nominees):
(a) 3,000,000 Class A Options; and
(b) 3,000,000 Class B Options,
on the terms and conditions set out in Attachment 4 of the Explanatory Memorandum accompanying the 2010 Notice Of Annual General Meeting."
Valid proxies received in respect of resolution 13.
VOTES | NUMBER |
For | 502,522,430 |
Against | 5,249,675 |
Abstain | 2,515,778 |
Resolution 13 was passed by more than 50% of eligible votes cast in favour of the resolution carried on valid proxies received.
Resolution 14:
"That, for the purposes of s208 of the Corporations Act and Listing Rule 10.11 of the ASX, and for all other purposes, the Company be authorised to grant to Timothy Read (and/or his nominees):
(a) 3,000,000 Class A Options; and
(b) 3,000,000 Class B Options,
on the terms and conditions set out in Attachment 4 of this Explanatory Memorandum accompanying the 2010 Notice Of Annual General Meeting."
Valid proxies received in respect of resolution 14.
VOTES | NUMBER |
For | 503,349,097 |
Against | 5,269,675 |
Abstain | 315,778 |
Resolution 14 was passed by more than 50% of eligible votes cast in favour of the resolution carried on valid proxies received.
For further information, please contact:
Metminco Limited:
John Fillmore +61 (0) 407 524 235
Daniel Stewart & Company plc +44 (0)20 7776 6550
Oliver Rigby
Buchanan Communications
Tim Thompson / James Strong / Katharine Sutton +44 (0)20 7466 5000