25 Mar 2009 12:32
25 March 2009
PETER HAMBRO MINING PLC
Results of EGM
On 6 February 2009 the Independent Board Committees of Aricom plc ("Aricom") and Peter Hambro Mining Plc ("Peter Hambro Mining" or "PHM") announced that they had reached agreement on the terms of a recommended all share offer to be made by Peter Hambro Mining for the entire issued and to be issued share capital of Aricom. The offer is to be implemented by means of a scheme of arrangement ("Scheme") and is subject to the satisfaction or waiver of the conditions of the Scheme and to the approval of the High Court and of both Aricom and PHM shareholders.
On 9 March 2009, Peter Hambro Mining announced the posting of a circular to PHM shareholders with the notice ("Notice") convening the Extraordinary General Meeting to allow PHM shareholders to vote on the resolutions required to approve and enable implementation of the Scheme by PHM.
The PHM Extraordinary General Meeting was held today and both the resolutions proposed, as set out in the Notice, were duly passed on a show of hands.
It is currently expected that the Scheme will become effective on or around 22 April 2009.
Full details of the proxy votes received from shareholders prior to the meeting for each resolution are set out below and will also be made available on the Company's website www.peterhambro.com.
| Resolutions | Votes for (including discretionary | % of votes cast | Votes against | % of votes cast | Total votes cast | Votes withheld | |
| 1 | Approval of the acquisition of Aricom | 68,015,877 | 99.96% | 27,888 | 0.04% | 68,043,765 | 425 |
| 2 | Authority of Directors to allot additional PHM shares and partial disapplication of pre-emption rights
| 64,740,378 | 96.80% | 2,142,739 | 3.20% | 66,883,117 | 1,161,073 |
For further information:
| Peter Hambro Mining Plc | +44 (0) 20 7201 8900 |
| Alya Samokhvalova, Director of External Communications | |
| JPMorgan Cazenove | +44 (0) 20 7588 2828 |
| Ian Hannam Patrick Magee | |
| Merlin | +44 (0) 20 7653 6620 |
| David Simonson Tom Randell Maria Suleymanova |