2 Dec 2016 10:14
For Immediate Release
2 December 2016
NYOTA MINERALS LIMITED
("NYOTA" OR THE "COMPANY")
RESULTS OF 2016 ANNUAL GENERAL MEETING
The Board of the Company announces that the following resolutions were passed on a show of hands by shareholders at the Annual General Meeting of Nyota held on Wednesday 30 November 2016.
| Resolution | Outcome |
1 | Adoption of remuneration report | Carried |
2 | Election of director - Sergii Budkin | Carried |
3 | Ratify past issue of Shares | Carried |
4 | Approval of additional 10% placement capacity | Carried |
5 | Adoption of ESOP | Carried |
Resolutions 6, 7 and 8 set out in the Notice of Annual General Meeting with respect to the approval of termination benefits for Jonathan Morley-Kirk, Andrew Wright and Sergii Budkin were withdrawn from consideration.
In accordance with section 251AA of the Corporations Act 2001 (Cth), the total number of valid proxy votes received in respect of each resolution that was put to the meeting are set out in the attached report.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 956/2014.
For more information please visit www.nyotaminerals.com or contact:
Jonathan Morley-Kirk | Chairman, Nyota Minerals Limited | +44 7797 859986 |
Michael CornishJames Biddle | Beaumont Cornish LimitedNominated Advisor | +44 (0) 207 628 3396 |
NYOTA MINERALS LIMITED
Results of Annual General Meeting
(ASX Report)
Wednesday 30 November 2016
As required by section 251AA(2) of the Corporations Act 2001 (Cth) the following statistics are provided in respect of each resolution on the agenda.Note all resolutions were decided by a show of hands.
| Manner in which the securityholder directed the proxy vote (as at proxy close) | |||
Resolution | VotesFor | VotesAgainst | VotesDiscretionary | VotesAbstain |
1 - Adoption of remuneration report | 65,032,000 | Nil | 281,200 | Nil |
2 - Election of director - Sergii Budkin | 65,032,000 | Nil | 281,200 | Nil |
3 - Ratify past issue of Shares | 65,032,000 | Nil | 281,200 | Nil |
4 - Approval of additional placement capacity | 65,032,000 | Nil | 281,200 | Nil |
5 - Adoption of ESOP | 65,032,000 | Nil | 281,200 | Nil |
6 - Approval of Termination Benefit - Jonathan Morley-Kirk | This resolution was withdrawn | |||
7 - Approval of Termination Benefit - Andrew Wright | This resolution was withdrawn | |||
8 - Approval of Termination Benefit - Sergii Budkin | This resolution was withdrawn | |||
ENDS