11th Jun 2007 09:10
Summit Resources plc11 June 2007 NOTICE OF ANNUAL GENERAL MEETING TO BE HELD ON 4 JULY 2007 AT 9.00AM The Annual General Meeting of Summit Resources Plc (the "Company") will takeplace at the Hyde Park Suite in the London Marriot Hotel Park Lane, 140 ParkLane, London W1K 7AA, on 4 July 2007 at 9.00 am. This letter provides you withsome background and explanation of the Resolutions to be put to the Meeting. ORDINARY BUSINESS Resolution 1 - Annual Report and Accounts This is an ordinary resolution to receive and adopt the audited Statement ofAccounts and the Reports of the Directors and the Auditors of the Company forthe year ended 31 December 2006. Resolution 2 - Directors The board recommends the re-election of Malcolm James as a Director of theCompany who, being eligible, offers himself for re-election. A short biographyof the director standing for re-election follows: Malcolm James (Non-Executive Director) Malcolm James is a business graduate of RMIT University in Melbourne, Australiawith over 25 years experience in merchant banking, engineering, manufacturingand financing. Over the last 15 years he has played an active role inidentifying, exploring, financing and developing a number of significant naturalresource projects in Australia, the former Soviet Union, the Middle East, Africaand Asia. To date he has been involved in raising in excess of AUD $3 billion indebt and equity capital. Mr James is the chairman of Resource & CapitalManagement Pty Ltd and chairs three Australian Stock Exchange listed companies,Lefroy Resources Limited, Peninsula Minerals Limited and Torrens Energy Limited.Mr James is also a director of AIM listed Empyrean Energy plc and Cue Energy plcas well as a Director of MN Specialty Steels Limited. Resolutions 3 to 4 - Auditors' appointment and remuneration The resolutions relating to the auditors' appointment and remuneration are usualbusiness for the Annual General Meeting. Following the audit of the 31 December2006 Accounts, Chapman Davis LLP have resigned as auditors to the Company. It isproposed that CLB Littlejohn Frazer be appointed as auditors to the Company. Resolution 5 - Renewal of the Company's Investment Strategy The Company is seeking the consent of its Shareholders for the renewal of itsinvestment strategy as set out in the Admission Document issued in connectionwith the admission of the Company's ordinary shares to trading on AIM, being astrategy to acquire holdings in resource companies and assets which thedirectors believe are undervalued and where such transaction has a potential tocreate value for shareholders. Contacts: Summit Resources plc: Toby Howell - 020 7182 1741 Ruegg & Co Limited: Gavin Burnell - 020 7584 3663 Hichens, Harrison & Co plc: Daniel Briggs - 020 7382 4450 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Atlantic Coal