30th Nov 2015 07:00
PAN AFRICAN RESOURCES PLC - Result of AGMPAN AFRICAN RESOURCES PLC - Result of AGM
PR Newswire
London, November 29
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 ANNUAL GENERAL MEETING
Pan African shareholders are advised that at the annual general meeting (“AGM”) of shareholders held on Friday, 27 November 2015, all the ordinary and special resolutions, as set out in the notice of AGM dated 30 October 2015, 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 AGM is 1,831,494,763. The highest number of shares voted in person or by proxy was 1,360,548,519 representing 74.29% of the total issued share capital of the same class of Pan African.
All resolutions proposed at the AGM, together with the percentage of shares abstained, as well as the percentage of votes carried for and against each resolution, are as follows:
Resolution number 1 (Ordinary resolution): To receive and adopt the directors’ report, the audited statement of accounts and the auditors’ report for the year ended 30 June 2015
| Shares Voted1,360,417,888(74.28%) | Abstained5,516(0.00%) | For100% | Against0.00% |
Resolution number 2 (Ordinary resolution): To approve the payment of a final dividend for the year ended 30 June 2015
| Shares Voted1,360,548,519(74.29%) | Abstained4,885(0.00%) | For100% | Against0.00% |
Resolution number 3 (Ordinary resolution): To re-elect Mrs H H Hickey as a member of the audit committee
| Shares Voted1,360,513,133(74.28%) | Abstained40,271(0.00%) | For99.99% | Against0.01% |
Resolution number 4 (Ordinary resolution): To re-elect Mr K C Spencer as a member of the audit committee
| Shares Voted1,360,513,133(74.28%) | Abstained40,271(0.00%) | For89.02% | Against10.98% |
Resolution number 5 (Ordinary resolution): To re-elect Mr T Mosololi as a member of the audit committee
| Shares Voted1,360,513,133(74.28%) | Abstained40,271(0.00%) | For99.99% | Against0.01% |
Resolution number 6 (Ordinary resolution): To endorse the Company’s Remuneration Policy
| Shares Voted1,360,509,162(74.28%) | Abstained44,242(0.00%) | For88.41% | Against11.59% |
Resolution number 7 (Ordinary resolution): To re-elect Mr K C Spencer as a director of the Company
| Shares Voted1,360,513,133(74.28%) | Abstained40,271(0.00%) | For94.16% | Against5.84% |
Resolution number 8 (Ordinary resolution): To re-elect Mr J A J Loots as a director of the Company
| Shares Voted1,360,513,133(74.28%) | Abstained40,271(0.00%) | For100% | Against0.00% |
Resolution number 9 (Ordinary resolution): To re-elect Mr G P Louw as a director of the Company
| Shares Voted1,360,513,133(74.28%) | Abstained40,271(0.00%) | For73.77% | Against26.23% |
Resolution number 10 (Ordinary resolution): To re-appoint Deloitte LLP as auditors of the Company and to authorise the directors to determine their remuneration
| Shares Voted1,360,524,793(74.28%) | Abstained28,611(0.00%) | For100% | Against0.00% |
Resolution number 11 (Ordinary resolution): To authorise the directors to allot equity securities
| Shares Voted1,360,468,078(74.28%) | Abstained85,326(0.00%) | For63.67% | Against36.33% |
Resolution number 12 (Special resolution): To approve market purchases of ordinary shares
| Shares Voted1,360,548,519(74.29%) | Abstained4,885(0.00%) | For99.95% | Against0.05% |
Notes
Percentages of shares voted are calculated in relation to the total issued share capital of Pan African eligible to vote Percentage of shares for and against are calculated in relation to the total number of shares voted at the AGM Abstentions are calculated as a percentage in relation to the total issued share capital of Pan African eligible to vote30 November 2015
Pan African Resources Enquiries
| 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 / James Black |
| 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)207 260 1000 |
| Matthew Armitt / Ross Allister | Sholto Simpson |
| Peel Hunt LLP | One Capital |
| Joint Broker | JSE Sponsor |
| Office: +44 (0)020 7418 8900 | Office: + 27 (0) 11 550 5009 |
| Julian Gwillim | Daniel Thöle |
| Aprio Strategic Communications | Bell Pottinger PR |
| Public & Investor Relations SA | Public & Investor Relations UK |
| Office: +27 (0)11 880 0037 | Office: + 44 (0) 203 772 2500 |
http://www.panafricanresources.com/
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Pan African Resources