29 Nov 2012 12:04
Results of ANNUAL General Meeting
ANNOUNCEMENT 29 NOVEMBER 2012
In accordance with Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act, the Company announces the following outcome of the resolutions put to the Annual General Meeting of shareholders held earlier today:
Resolution 1: Non-binding Resolution to adopt Remuneration Report
The resolution was carried unanimously on a show of hands, and the total number of proxy votes in respect of validly appointed proxies was as follows:
Number | % of Vote | % of Issued Capital | |
For: | 501,935,130 | 93.84 | 62.67 |
Against: | 31,780,377 | 5.94 | 3.97 |
Abstain: | 1,143,390 | 0.21 | 0.14 |
Discretionary: | 32,470 | 0.01 | 0.00 |
TOTAL: | 534,891,367 | 100 | 66.78 |
Resolution 2: Election of Director - Mr David Brown
The resolution was carried unanimously on a show of hands, and the total number of proxy votes in respect of validly appointed proxies was as follows:
Number | % of Vote | % of Issued Capital | |
For: | 533,599,064 | 99.76 | 66.62 |
Against: | 28,443 | 0.01 | 0.00 |
Abstain: | 1,181,390 | 0.22 | 0.15 |
Discretionary: | 82,470 | 0.02 | 0.01 |
TOTAL: | 534,891,367 | 100 | 66.78 |
Resolution 3: Election of Director - Mr Bernard Pryor
The resolution was carried unanimously on a show of hands, and the total number of proxy votes in respect of validly appointed proxies was as follows:
Number | % of Vote | % of Issued Capital | |
For: | 533,566,708 | 99.75 | 66.62 |
Against: | 60,799 | 0.01 | 0.01 |
Abstain: | 1,181,390 | 0.22 | 0.15 |
Discretionary: | 82,470 | 0.02 | 0.01 |
TOTAL: | 534,891,367 | 100 | 66.78 |
Resolution 4: Re-election of Director - Mr Wayne Koonin
This resolution was withdrawn and was not put to the meeting.
Resolution 5: Re-election of Director - Mr Peter Cordin
The resolution was carried unanimously on a show of hands, and the total number of proxy votes in respect of validly appointed proxies was as follows:
Number | % of Vote | % of Issued Capital | |
For: | 506,373,878 | 94.67 | 63.22 |
Against: | 2,826,035 | 0.53 | 0.35 |
Abstain: | 25,608,984 | 4.79 | 3.20 |
Discretionary: | 82,470 | 0.02 | 0.01 |
TOTAL: | 534,891,367 | 100 | 66.78 |
Resolution 6 - Issue of Options to Director - Mr David Brown
The resolution was carried unanimously on a show of hands, and the total number of proxy votes in respect of validly appointed proxies was as follows:
Number | % of Vote | % of Issued Capital | |
For: | 503,822,654 | 94.19 | 62.90 |
Against: | 29,798,564 | 5.57 | 3.72 |
Abstain: | 1,237,679 | 0.23 | 0.15 |
Discretionary: | 32,470 | 0.01 | 0.00 |
TOTAL: | 534,891,367 | 100 | 66.78 |
Resolution 7 - Issue of Options to Director - Mr Bernard Pryor
The resolution was carried unanimously on a show of hands, and the total number of proxy votes in respect of validly appointed proxies was as follows:
Number | % of Vote | % of Issued Capital | |
For: | 503,822,654 | 94.19 | 62.90 |
Against: | 29,826,564 | 5.58 | 3.72 |
Abstain: | 1,209,679 | 0.23 | 0.15 |
Discretionary: | 32,470 | 0.01 | 0.00 |
TOTAL: | 534,891,367 | 100 | 66.78 |
For more information contact
John Wallington | Chief Executive Officer | Coal of Africa | +27 11 575 4363 |
Shannon Coates | Company Secretary | Coal of Africa | +61 89 322 6776 |
Sakhile Ndlovu | Investor Relations | Coal of Africa | +27 11 575 6858 |
Jos Simson/Emily Fenton | Financial PR (United Kingdom) | Tavistock | +44 20 7920 3150 |
Chris Sim/Neil Elliot | Nominated Adviser | Investec Bank plc | +44 20 7597 5970 |
Robert Smith | JSE Sponsor | Investec Bank Limited | +27 11 286 7000 |
Charmane Russell/Jane Kamau | Financial PR (South Africa) | Russell & Associates | +27 11 880 3924 or +27 82 372 5816 |
About CoAL:
CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoAL's key projects include the Vele Colliery (coking and thermal coal), the Greater Soutpansberg Project, including CoAL's Makhado Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both thermal coal).
The Mooiplaats Colliery commenced production in 2008 and is currently ramping up to produce 1.6 Mtpa. The Woestalleen Colliery, acquired through the acquisition of NuCoal Mining (Pty) Limited in January 2010, currently processes approximately 2.5Mtpa of saleable coal for domestic and export markets. The Woestalleen Complex also incorporates three beneficiation plants with a total processing capacity of 350,000 run-of-mine (ROM) feed tonnes per month.
www.coalofafrica.com
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