2 Aug 2011 09:37
TanzaniteOne Limited
("TanzaniteOne" or "the Company") (AIM: TNZ)
Result of AGM
and
Change of Name
TanzaniteOne Limited is pleased to announce thatthe following resolutions placed before shareholders at the Annual General Meeting of TanzaniteOne Limited on 1 August 2011 were approved as follows:
1. Resolution 1 - Re-election of Mr Edward Nealon
"That Mr Edward Nealon, who retires by rotation in accordance with the Company's Bye-Laws and being eligible, offers himself for re-election, be re-elected as a Director."
In Favour: | 46,276,463 | Against: | 0 | Abstain: | 2,872,631 |
2. Resolution 2 - Re-election of Mr Farai Manyemba
To consider, and if thought fit, to pass, with or without amendment, the following resolution:
"That Mr Farai Manyemba, who was appointed a director of the Company to fill a casual vacancy on 27 June 2011, retires in accordance with the Company's Bye-Laws and being eligible, offers himself for re-election, be re-elected as a Director."
In Favour: | 46,924,094 | Against: | 0 | Abstain: | 2,225,000 |
3. Resolution 3 - Change of Name
To consider, and if thought fit, to pass, with or without amendment, the following resolution:
"That, pursuant to Section 10 of the Companies Act and for all other purposes, the name of the Company be changed to Richland Resources Ltd."
In Favour: | 46,924,094 | Against: | 0 | Abstain: | 2,225,00 |
4. Resolution 4 - Re-Appointment of Auditor
To consider and, if thought fit, to pass, with or without amendment, the following resolution:
"That, Messrs PricewaterhouseCoopers, be and are hereby appointed as Auditors of the Company until the conclusion of the next annual general meeting at a fee to be agreed by the Directors."
In Favour: | 46,915,232 | Against: | 0 | Abstain: | 2,233,862 |
Change of Name
As noted above, Resolution 3 to change the name of the Company to Richland Resources Limited was passed at today's AGM and the directors of the Company expect this change to be effective within a week of today. A further announcement will be made in due course.
For more information, please visit www.tanzaniteone.com or contact:
Willi Boehm
Company Secretary
+61 409 969 955
Bernard Olivier
Chief Executive Officer
+61 4089 48182
Nominated Advisor & Broker (AIM)
Ambrian Partners Limited
Samantha Harrison / Jen Boorer
+44 (0) 20 7634 4700
Joint Broker XCAP Securities PLC
John Grant/Jon Belliss/David Newton
+44(0)2071017070
Threadneedle Communications
Laurence Read/Beth Harris
+44 (0)20 7653 9855
+44 (0)7979 955 923
Notes to Editors
TanzaniteOne is the largest and most scientifically advanced miner and supplier of rough tanzanite, a unique position that affords it the opportunity to support and influence the entire channel, from mine to market, ensuring that maximum stakeholder value is achieved at each stage of the process.
Our leading position in the tanzanite market has ensured TanzaniteOne the recognition and respect of its peers and provides the opportunity for expansion into a broader range of PCGs located at various key sites around the world.
TanzaniteOne, which uses state-of-the-art optical sorters and technically advanced processing and sorting methods, has further enhanced its sorting techniques resulting in the unlocking of further value in the B and BL categories. This initiative forms part of the Group's stated refocus on its main production source, lighter but equally brilliant stones. Additional evaluation continues in this area as TanzaniteOne strives to unlock value in this significant portion of its production.