27th Nov 2008 07:00
ANNOUNCEMENT 27 NOVEMBER 2008
RESULTS OF ANNUAL GENERAL MEETING
In accordance with Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act, Coal of Africa Limited wishes to advise the following outcome of resolutions put to the Annual General Meeting of shareholders held earlier today:
Resolution 1: Remuneration Report
The resolution was carried unanimously by 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: |
85,645,047 |
67.21 |
20.83 |
|
Against: |
37,305,219 |
29.26 |
9.07 |
|
Abstain: |
4,393,571 |
3.45 |
1.06 |
|
Discretionary: |
104,108 |
0.08 |
0.03 |
|
127,486,945 |
100.00 |
30.99 |
Resolution 2: Re-election of Director - Mr Blair Sergeant
The resolution was carried unanimously by 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: |
127,379,252 |
99.92 |
30.96 |
|
Against: |
2,000 |
0.00 |
0.00 |
|
Abstain: |
7,785 |
0.01 |
0.01 |
|
Discretionary: |
97,908 |
0.07 |
0.02 |
|
127,486,945 |
100.00 |
30.99 |
Resolution 3: Re-election of Director - Mr Richard Linnell
The resolution was carried unanimously by 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: |
127,373,052 |
99.91 |
30.95 |
|
Against: |
2,000 |
0.00 |
0.00 |
|
Abstain: |
7,785 |
0.01 |
0.01 |
|
Discretionary: |
104,108 |
0.08 |
0.03 |
|
127,486,945 |
100.00 |
30.99 |
Resolution 4: Ratification of Issue of 450,000 Shares on 10 April 2008
The resolution was carried unanimously by 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: |
127,338,945 |
99.89 |
30.95 |
|
Against: |
28,791 |
0.02 |
0.01 |
|
Abstain: |
15,101 |
0.01 |
0.00 |
|
Discretionary: |
104,108 |
0.08 |
0.03 |
|
127,486,945 |
100.00 |
30.99 |
Resolution 5: Ratification of Issue of Options
The resolution was carried unanimously by 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: |
91,898,766 |
72.08 |
22.34 |
|
Against: |
35,473,271 |
27.83 |
8.62 |
|
Abstain: |
10,800 |
0.01 |
0.00 |
|
Discretionary: |
104,108 |
0.08 |
0.03 |
|
127,486,945 |
100.00 |
30.99 |
Resolution 6: Ratification of Issue of 25,500,000 Shares on 19 June 2008 and 12,000,000 Shares on 4 August 2008
The resolution was carried unanimously by 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: |
127,341,111 |
99.89 |
30.95 |
|
Against: |
27,791 |
0.02 |
0.01 |
|
Abstain: |
7,935 |
0.01 |
0.00 |
|
Discretionary: |
104,108 |
0.08 |
0.03 |
|
127,486,945 |
100.00 |
30.99 |
Resolution 7: Ratification of Issue of 55,000 Shares on 4 August 2008
The resolution was carried unanimously by 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: |
127,344,921 |
99.89 |
30.95 |
|
Against: |
29,791 |
0.02 |
0.01 |
|
Abstain: |
8,125 |
0.01 |
0.00 |
|
Discretionary: |
104,108 |
0.08 |
0.03 |
|
127,486,945 |
100.00 |
30.99 |
Resolution 8: Ratification of Issue of 375,000 Shares on 4 August 2008
The resolution was carried unanimously by 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: |
127,341,921 |
99.88 |
30.95 |
|
Against: |
32,791 |
0.03 |
0.01 |
|
Abstain: |
8,125 |
0.01 |
0.00 |
|
Discretionary: |
104,108 |
0.08 |
0.03 |
|
127,486,945 |
100.00 |
30.99 |
Resolution 9: Issue of up to 1,650,000 Options to Riaan van der Merwe
The resolution was carried unanimously by 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: |
87,485,905 |
68.62 |
21.27 |
|
Against: |
35,477,695 |
27.83 |
8.62 |
|
Abstain: |
4,409,237 |
3.46 |
1.07 |
|
Discretionary: |
114,108 |
0.09 |
0.03 |
|
127,486,945 |
100.00 |
30.99 |
Yours faithfully
Shannon Coates
Company Secretary
About CoAL:
Coal of Africa Limited ("CoAL"), is primarily focused on the acquisition, exploration and development of metallurgical and thermal coal projects. The Company's key projects, along with its leading metals processing company NiMag Group (Pty) Ltd are in South Africa. The Company was incorporated in Western Australia and listed in 1980. Since 2005, the Company has also listed on both the AIM and JSE markets, allowing further growth in the Company's coal assets.
www.coalofafrica.com
Related Shares:
MCM.L