Last checked at 24 Nov 2017 13:30
24 November 2017 | LSE: PDL |
Petra Diamonds Limited
("Petra" or "the Company" or "the Group")
Results of Annual General Meeting
Petra Diamonds Limited is pleased to announce that, at its AGM held earlier today, shareholders passed each of the ordinary and special resolutions by the requisite majorities on a poll. The full text of each resolution is contained in the Notice of Annual General Meeting, which is available on the Company's website. The total number of votes cast for each resolution is set out in the table below.
Resolutions | Votes for (incl. discretionary) | % of Votes cast | Votes against | % of Votes Cast | Total Votes Cast | Total Votes Withheld |
1. To receive the Financial Statements of the Company for the year ended 30 June 2017, together with the Reports of the Directors and Auditors thereon. | 386,349,566 | 100.00 | 0 | 0.00 | 386,349,566 | 0 |
2. To approve the Directors' Annual Remuneration Report for the year ended 30 June 2017. | 376,104,402 | 99.88 | 465,781 | 0.12 | 376,570,183 | 9,779,383 |
3. To approve the Directors' Remuneration Policy, as contained in the 2017 Annual Report. | 376,406,002 | 99.96 | 164,181 | 0.04 | 376,570,183 | 9,779,383 |
4. To re-appoint BDO LLP as Auditors to act as such until the conclusion of the next AGM of the Company. | 386,346,585 | 100.00 | 2,981 | 0.00 | 386,349,566 | 0 |
5. To authorise the Directors of the Company to fix the remuneration of the Auditors. | 386,047,966 | 99.92 | 301,600 | 0.08 | 386,349,566 | 0 |
6. To re-appoint Mr Adonis Pouroulis, who retires in accordance with the Company's Bye-Laws, as a Director of the Company. | 310,502,042 | 80.61 | 74,707,364 | 19.39 | 385,209,406 | 1,140,160 |
7. To re-appoint Mr Christoffel Johannes Dippenaar, who retires in accordance with the Company's Bye-Laws, as a Director of the Company. | 379,882,660 | 98.33 | 6,466,906 | 1.67 | 386,349,566 | 0 |
8. To re-appoint Mr James Murry Davidson, who retires in accordance with the Company's Bye-Laws, as a Director of the Company. | 383,124,131 | 99.17 | 3,225,435 | 0.83 | 386,349,566 | 0 |
9. To re-appoint Mr Anthony Carmel Lowrie, who retires in accordance with the Company's Bye-Laws, as a Director of the Company. | 319,966,668 | 82.82 | 66,382,898 | 17.18 | 386,349,566 | 0 |
10. To re-appoint Dr Patrick John Bartlett, who retires in accordance with the Company's Bye-Laws, as a Director of the Company. | 383,125,131 | 99.17 | 3,224,435 | 0.83 | 386,349,566 | 0 |
11. To re-appoint Mr Alexander Gordon Kelso Hamilton, who retires in accordance with the Company's Bye-Laws, as a Director of the Company. | 386,105,735 | 99.94 | 243,831 | 0.06 | 386,349,566 | 0 |
12. To re-appoint Ms Octavia Matshidiso Matloa, who retires in accordance with the Company's Bye-Laws, as a Director of the Company. | 383,124,131 | 99.17 | 3,225,435 | 0.83 | 386,349,566 | 0 |
13. To authorise the Directors of the Company to allot Relevant Securities within the meaning of Bye-Law 2.4 of the Company's Bye-Laws. | 386,345,586 | 100.00 | 3,980 | 0.00 | 386,349,566 | 0 |
14. To disapply the pre-emption provisions of Bye-Law 2.5(a) pursuant to Bye-Law 2.6(a)(i) of the Company's Bye-Laws. | 386,345,586 | 100.00 | 3,980 | 0.00 | 386,349,566 | 0 |
Notes:
1. Votes "For" and "Against" are expressed as a percentage of votes received.
2. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
3. Total number of ordinary shares in issue as at 5pm on 23 November 2017 was 532,072,039.
In accordance with LR 9.6.2R the full text of resolution 13 has been submitted to the National Storage Mechanism and will be available for inspection at www.Hemscott.com/nsm.do.
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For further information, please contact:
Petra Diamonds, London Telephone: +44 20 7494 8203
Cathy Malins cathy.malins@petradiamonds.com
Buchanan Telephone: +44 20 7466 5000
(PR Adviser)
Bobby Morse bobbym@buchanan.uk.com
Anna Michniewicz annam@buchanan.uk.com
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About Petra Diamonds Limited
Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has interests in five producing operations: three underground mines in South Africa (Finsch, Cullinan and Koffiefontein), the Kimberley Ekapa Mining joint venture (including the Kimberley Underground mine and extensive tailings retreatment operations) and one open pit mine in Tanzania (Williamson). It also maintains an exploration programme in Botswana and South Africa.
Petra has a core objective to steadily increase annual production to 5.0 - 5.3 million from FY 2019 onwards. The Group has a significant resource base in excess of 300 million carats.
Petra conducts all operations according to the highest ethical standards and will only operate in countries which are members of the Kimberley Process. Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL' and is a constituent of the FTSE4Good Index. For more information, visit www.petradiamonds.com.