17 Jun 2014 16:23
17 June 2014
Annual General Meeting Results and Statement
Petropavlovsk PLC ("the Company") announces that at the Annual General Meeting ("AGM") of the Company held at 2.30 p.m. today, resolutions 1 to 19 proposed as set out in the notice of the meeting to shareholders dated 14 May 2014, were duly passed on a show of hands.
Having noted the concerns of several of the Company's overseas Shareholders, and wishing to respect their views, the Board decided to withdraw Resolution 20 which would allow general meetings of the Company to be called on the minimum notice period provided for in the Companies Act 2006, being 14 clear days' notice instead of 21. Accordingly this resolution was not proposed to the meeting.
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.petropavlovsk.net.
Resolutions | Votes for (including Chairman's discretion) | % of Votes Cast | Votes against | % of votes cast | Total votes cast | Votes withheld |
Adoption of Report and Accounts | 97,208,643 | 99.55% | 142 | 0.0001 | 97,468,614 | 1,262,570 |
Approval of Directors' Remuneration Report | 92,479,251 | 97.63% | 1,809,303 | 1.91 | 94,728,383 | 4,182,801 |
Approval of Directors' Remuneration Policy | 93,375,175 | 98.57 | 912,327 | 0.96 | 94,727,331 | 4,183,853 |
Appointment of Auditors | 96,808,224 | 99.54 | 2,845 | 0.03 | 97,250,898 | 1,660,286 |
Remuneration of Auditors | 97,200,076 | 99.54 | 3,840 | 0.04 | 97,643,745 | 1,267,439 |
Re-appoint Mr Dmitry Chekashkin | 96,444,154 | 98.78 | 755,255 | 0.77 | 97,639,238 | 1,271,946 |
Re-elect Mr Peter Hambro | 84,369,106 | 89.13 | 9,850,274 | 10.41 | 94,659,209 | 4,251,975 |
Re-elect Mr Sergey Ermolenko | 88,202,509 | 90.34 | 8,995,913 | 9.21 | 97,638,251 | 1,272,933 |
Re-elect Mr Andrey Maruta | 96,212,476 | 98.54 | 984,894 | 1.00 | 97,637,199 | 1,273,985 |
Re-elect Dr Graham Birch | 97,148,858 | 99.50 | 51,038 | 0.05 | 97,639,725 | 1,271,459 |
Re-elect Sir Malcolm Field | 82,747,762 | 84.75 | 14,450,872 | 14.80 | 97,638,463 | 1,272,721 |
Re-elect Field Marshal the Lord Guthrie of Cragiebank | 97,139,876 | 99.49 | 58,444 | 0.06 | 97,638,149 | 1,273,035 |
Re-elect Dr David Humphreys | 97,146,537 | 99.50 | 51,185 | 0.05 | 97,637,551 | 1,273,633 |
Re-elect Sir Roderic Lyne | 95,357,106 | 97.66 | 1,840,828 | 1.89 | 97,637,763 | 1,273,421 |
Re-elect Mr Charles McViegh III | 96,740,062 | 99.48 | 64,311 | 0.07 | 97,244,202 | 1,666,982 |
Re-elect Dr Alfiya Samokhvalova | 96,675,005 | 99.02 | 521,665 | 0.53 | 97,636,499 | 1,274,685 |
Re-elect Mr Martin Smith | 96,447,065 | 98.78 | 751,856 | 0.77 | 97,638,750 | 1,272,434 |
Authority to Allot Shares | 97,190,639 | 99.54 | 10,985 | 0.01 | 97,641,453 | 1,269,731 |
Disapplication of pre-emption rights* | 96,728,333 | 99.07 | 466,832 | 0.48 | 97,634,994 | 1,276,190 |
* Special resolution
NOTES:
1. Votes "For" and "Against" are expressed as a percentage of votes received.
2. Third party proxies were appointed in respect of a total of 439,829 shares, at the discretion of the third party proxy. As the voting intention is unknown these votes have not been counted in the votes "For" or "Against".
3. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
4. Total number of ordinary shares in issue as at 6 p.m. on 13 June 2014 was 197,638,425. Votes were cast in respect of 98,911,184 shares representing approximately 50% of shares in issue.
AGM Presentation
A presentation was made to those Shareholders present at the Annual General Meeting, immediately after the conclusion of the formal business, on the Company's performance and strategy, a copy of which is available on the Company's website www.petropavlovsk.net.
ENQUIRIES
Petropavlovsk PLC | |
Alya Samokhvalova, Group Head of External Communications | +44 (0) 20 7201 8900 |
Rachel Tuft, Investor Relations Officer | |
Amanda Whalley, Company Secretary | |
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Bank of America Merrill Lynch | |
Simon Davy | +44 (0) 20 7995 3759 |
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Maitland |
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Neil Bennett | +44 (0) 20 7379 5151 |
George Trefgarne | |
Seda Ambartsumian |