5th Jun 2013 14:39
5 June 2013
Eurasian Natural Resources Corporation PLC
Result of Annual General Meeting
London - Eurasian Natural Resources Corporation PLC ('ENRC') is pleased to announce the result of its Annual General Meeting ('AGM') held at 11.00 (London time) today. At the meeting the Chairman, Mr Gerhard Ammann, said
"Since the release of Preliminary Results announcement on 20 March 2013, we released an update to the market through our Interim Management Statement on 9 May 2013. Guidance on production volumes, cost inflation and the Group's expectations for the year remain largely unchanged and there has been no new material operational or financial information released to the market."
Each of the resolutions as laid out in the Notice of AGM of 24 April 2013 was voted on by way of a poll. The results, certified by the Company's Registrars, Computershare Investor Services PLC, were as follows:
Resolutions | For
| % | Against | % | Total Votes Cast | Votes Withheld*
|
1- Receipt of audited accounts and Directors' and Auditors' Reports for 2012 | 911,824,335 | 96.57 | 32,361,961 | 3.43 | 944,186,296 | 1,468,015 |
2- Approval of Directors' Remuneration Report for 2012 | 887,688,763 | 93.88 | 57,821,591 | 6.12 | 945,510,354 | 143,956 |
3a- Election of Mr Richard Burrows | 943,822,421 | 99.94 | 551,076 | 0.06 | 944,373,497 | 1,280,814 |
3b- Election of Mr Mohsen Khalil | 943,240,705 | 99.74 | 2,412,349 | 0.26 | 945,653,054 | 1,257 |
4a- Re-election of Mr Gerhard Ammann | 943,423,541 | 99.76 | 2,229,513 | 0.24 | 945,653,054 | 1,257 |
4b- Re-election of Mr Marat Beketayev | 915,688,011 | 97.43 | 24,143,028 | 2.57 | 939,831,039 | 5,823,271 |
4c- Re-election of Mr Roderick Thomson | 941,137,325 | 99.52 | 4,514,536 | 0.48 | 945,651,861 | 2,450 |
4d- Re-election of Mr Felix Vulis | 934,830,043 | 98.86 | 10,822,918 | 1.14 | 945,652,961 | 1,350 |
4e - Re-election of Mr Terence Wilkinson | 942,960,852 | 99.72 | 2,692,240 | 0.28 | 945,653,092 | 1,109 |
4f- Re-election of Dr Zaure Zaurbekova | 941,304,629 | 99.81 | 1,798,907 | 0.19 | 943,103,536 | 2,550,606 |
5- Re-appointment of PricewaterhouseCoopers LLP as auditors | 942,726,030 | 99.71 | 2,731,942 | 0.29 | 945,457,972 | 196,339 |
6- Authority to set the remuneration of the auditors. | 944,230,087 | 99.86 | 1,349,582 | 0.14 | 945,579,669 | 74,642 |
7- Authority to allot shares | 562,755,157 | 74.32 | 194,461,422 | 25.68 | 757,216,579 | 188,437,563 |
8- Special Resolution: Authority to disapply pre-emption rights | 561,935,210 | 74.21 | 195,281,119 | 25.79 | 757,216,329 | 188,437,813 |
9 - Special Resolution: Authority to purchase own ordinary shares. | 567,568,574 | 60.07 | 377,279,363 | 39.93 | 944,847,937 | 806,374 |
10- Special Resolution: Authority to call a general meeting on not less than 14 clear days' notice. | 934,475,786 | 98.82 | 11,176,707 | 1.18 | 945,652,493 | 1,817 |
Notes:
1. Votes "For" and "Against" are expressed as a percentage of votes received.
2. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" and "Against" a resolution.
3. Total number of ordinary shares in issue was 1,287,500,000.
Full details of the resolutions, together with explanatory notes, are set out in the Notice of AGM which is available on the Company's website www.enrc.com .
In accordance with Listing Rule 9.6.2R, copies of the resolutions passed as special business have been submitted to the Financial Services Authority National Storage Mechanism and will be available shortly for inspection at http://www.hemscott.com/nsm.do. In addition, special resolution10 will be filed with Companies House.
- ENDS -
For further information, please contact:
TMF Corporate Administration Services Limited, Company Secretary | |
+44 (0) 20 7389 1440 | |
About ENRC
ENRC is a leading diversified natural resources group, performing integrated mining, processing, energy, logistics and marketing operations. The operations comprise: the mining and processing of chrome, manganese and iron ore; the smelting of ferroalloys; the production of iron ore concentrate and pellet; the mining and processing of bauxite for the extraction of alumina and the production of aluminium; the production of copper and cobalt; coal extraction and electricity generation; and the transportation and sales of the Group's products. The Group's production assets are largely located in the Republic of Kazakhstan; other assets, notably the Other Non-ferrous Division, are mainly located in Africa; the Group also has iron ore assets in Brazil. In 2012 the Group's entities employed on average 78,484 (2011: 77,441) people. The Group currently sells the majority of its products to Russia, China, Japan, Western Europe and the United States. For the twelve months ended December 31 2012, the Group had revenue of US$6,320 million (2011: US$7,705 million) and profit attributable to equity holders of the Company of US$(804) million (2011: US$1,974 million). ENRC has six operating Divisions: Ferroalloys, Iron Ore, Alumina and Aluminium, Other Non-ferrous, Energy and Logistics. ENRC is a UK company with its registered office in London. ENRC's shares are quoted on the London Stock Exchange ('LSE') and the Kazakhstan Stock Exchange ('KASE'). For more information on ENRC visit the Group's website at www.enrc.com.
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