9 Feb 2017 15:16
PAN AFRICAN RESOURCES PLC - Result of General MeetingPAN AFRICAN RESOURCES PLC - Result of General Meeting
PR Newswire
London, February 9
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 GENERAL MEETING
Pan African shareholders are advised that at the general meeting (“GM”) of shareholders held on Thursday, 9 February 2017, all the ordinary and special resolutions, as set out in the notice of GM dated Tuesday, 17 January 2017, 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 GM is 1,943,206,554. The highest number of shares voted in person or by proxy was 1,409,947,299 representing 72.56% of the total issued share capital of the same class of Pan African.
All resolutions proposed at the GM, 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 authorise the directors to allot equity securities
| Shares Voted 1,409,944,533 72.56% | Abstained 4,978,118 0.26% | For 98.55% | Against 1.45% |
Special resolution number 2: To disapply pre-emption rights for the issue of securities
| Shares Voted 1,409,929,581 72.56% | Abstained 4,993,070 0.26% | For 91.14% | Against 8.86% |
Special resolution number 3: To comply with JSE Listings Requirements for cash equity issues
| Shares Voted 1,409,947,299 72.56% | Abstained 4,975,352 0.26% | For 92.18% | Against 7.82% |
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 AfricanJohannesburg9 February 2017CONTACT 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 | |
| Aprio Strategic Communications | |
| Public & Investor Relations SA | |
| Office: +27 (0)11 880 0037 |
Jeffrey Couch / Neil Haycock / Thomas RiderBMO Capital Markets LimitedJoint BrokerOffice: +44 (0) 207 236 1010
http://www.panafricanresources.com/
Pan African (PAF)