Last checked at 25 Nov 2016 14:30
PAN AFRICAN RESOURCES PLC - Result of AGMPAN AFRICAN RESOURCES PLC - Result of AGM
PR Newswire
London, November 25
Pan African Resources PLC(Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000)Share code on AIM: PAFShare code on JSE: PANISIN: GB0004300496(“Pan African” or the “Company”)
RESULTS OF ANNUAL GENERAL MEETING
Pan African shareholders are advised that at the annual general meeting (“AGM”) of shareholders held on Friday, 25 November 2016, all the ordinary and special resolutions, as set out in the notice of AGM dated 20 September 2016, were approved by the requisite majority of shareholders present or represented by proxy.
The total number of Pan African shares eligible to vote at the AGM is 1,943,206,554. The highest number of shares voted in person or by proxy was 1,481,855,576 representing 76.26% of the total issued share capital of the same class of Pan African.
All resolutions proposed at the AGM, together with the percentage of shares abstained, as well as the percentage of votes carried for and against each resolution, are as follows:
Ordinary resolution number 1: To receive and adopt the directors’ report, the audited statement of accounts and the auditors’ report for the year ended 30 June 2016
| Shares Voted 1,464,834,235 75.38% | Abstained 17,094,631 0.88% | For 99.99% | Against 0.01% |
Ordinary resolution number 2: To approve the payment of a final dividend for the year ended 30 June 2016*
| Shares Voted 1,481,855,576 76.26% | Abstained 73,290 0.004% | For 100% | Against 0.00% |
*Shareholders are referred to the SENS announcement released on 13 October 2016 for the salient dates and conversion rate details of the final dividend.
Ordinary resolution number 3: To re-elect Mrs HH Hickey as a director of the Company
| Shares Voted 1,464,978,996 75.39% | Abstained 16,949,870 0.87% | For 99.88% | Against 0.12% |
Ordinary resolution number 4: To re-elect Mr T Mosololi as a director of the Company
| Shares Voted 1,464,967,701 75.39% | Abstained 16,961,165 0.87% | For 99.88% | Against 0.12% |
Ordinary resolution number 5: To re-elect Mrs HH Hickey as a member of the audit committee
| Shares Voted 1,464,978,996 75.39% | Abstained 16,949,870 0.87% | For 98.63% | Against 1.37% |
Ordinary resolution number 6: To re-elect Mr KC Spencer as a member of the audit committee
| Shares Voted 1,464,978,996 75.39% | Abstained 16,949,870 0.87% | For 80.99% | Against 19.01% |
Ordinary resolution number 7: To re-elect Mr T Mosololi as a member of the audit committee
| Shares Voted 1,464,967,701 75.39% | Abstained 16,961,165 0.87% | For 99.88% | Against 0.12% |
Ordinary resolution number 8: To endorse the Company’s remuneration policy
| Shares Voted 1,464,708,981 75.38% | Abstained 17,216,885 0.89% | For 85.95% | Against 14.05% |
Ordinary resolution number 9: To re-appoint Deloitte LLP as auditors of the Company and to authorise the directors to determine their remuneration
| Shares Voted 1,464,992,727 75.39% | Abstained 16,936,139 0.87% | For 99.79% | Against 0.21% |
Ordinary resolution number 10: To authorise the directors to allot equity securities
| Shares Voted 1,461,924,036 75.23% | Abstained 20,004,830 1.03% | For 69.46% | Against 30.54% |
Special resolution number 11: To approve market purchases of ordinary shares
| Shares Voted 1,481,740,735 76.25% | Abstained 188,131 0.01% | For 99.75% | Against 0.25% |
Notes
Percentages of shares voted are calculated in relation to the total issued share capital of Pan African Percentages of shares voted for and against are calculated in relation to the total number of shares voted for each resolution Abstentions are calculated as a percentage in relation to the total issued share capital of Pan AfricanJohannesburg
25 November 2016
CONTACT INFORMATION
Corporate OfficeThe Firs Office Building1st Floor, Office 101Cnr. Cradock and Biermann AvenuesRosebank, JohannesburgSouth AfricaOffice: + 27 (0) 11 243 2900Facsimile: + 27 (0) 11 880 1240Registered OfficeSuite 31Second Floor107 CheapsideLondonEC2V 6DNUnited KingdomOffice: + 44 (0) 207 796 8644Facsimile: + 44 (0) 207 796 8645
| Cobus Loots | Deon Louw |
| Pan African Resources PLC | Pan African Resources PLC |
| Chief Executive Officer | Financial Director |
| Office: + 27 (0) 11 243 2900 | Office: + 27 (0) 11 243 2900 |
| Phil Dexter | John Prior / Paul Gillam |
| St James's Corporate Services Limited | Numis Securities Limited |
| Company Secretary | Nominated Adviser and Joint Broker |
| Office: + 44 (0) 207 796 8644 | Office: +44 (0) 20 7260 1000 |
| Sholto Simpson | Matthew Armitt / Ross Allister |
| One Capital | Peel Hunt LLP |
| JSE Sponsor | Joint Broker |
| Office: + 27 (0) 11 550 5009 | Office: +44 (0) 207 418 8900 |
| Julian Gwillim | Daniel Thöle |
| Aprio Strategic Communications | Bell Pottinger PR |
| Public & Investor Relations SA | Public & Investor Relations UK |
| Office: +27 (0)11 880 0037 | Office: + 44 (0) 203 772 2500 |
Jeffrey Couch / Neil Haycock / Thomas RiderBMO Capital Markets LimitedJoint BrokerOffice: +44 (0) 207 236 1010www.panafricanresources.com