29th Jul 2010 07:00
29 July 2010
Vedanta Resources plc
("the Company")
Result of Annual General Meeting
The annual general meeting ('AGM') of the Company was held on 28 July 2010 at 3pm.
A poll was conducted on each resolution proposed at the meeting and the results are detailed below:
|
|
Type of resolution |
For |
Against |
Total votes cast |
|
Votes withheld1 |
||
|
Resolution (Full text of resolutions is set out in the Notice of Annual General Meeting0 |
Special/ Ordinary |
No. of votes |
% |
No. of votes |
% |
No. of votes |
% of ISC voted |
No. of votes |
|
1. To receive the 2010 Report and Accounts |
Ordinary |
215,609,189 |
96.51 |
7,798,257 |
3.49 |
223,407,446 |
75.45 |
7,128,689 |
|
2. To approve the Directors' Remuneration Report |
Ordinary |
200,226,337 |
87.16 |
29,504,647 |
12.84 |
229,730,984 |
77.58 |
806,354 |
|
3. To approve the final dividend
|
Ordinary |
230,518,927 |
99.99 |
88 |
0.01 |
230,519,015 |
77.85 |
18,323 |
|
4. To re-elect Naresh Chandra as a director |
Ordinary |
214,069,353 |
96.22 |
8,404,891 |
3.78 |
222,474,244 |
75.13 |
8,063,098 |
|
5. To re-elect Euan Macdonald as a director |
Ordinary |
219,899,717 |
98.81 |
2,654,228 |
1.19 |
222,553,945 |
75.16 |
7,983,297 |
|
6. To re-elect Aman Mehta as a director |
Ordinary |
219,567,092 |
98.66 |
2.986,752 |
1.34 |
222,553,844 |
75.16 |
7,983,497 |
|
7. To re-appoint Deloitte LLP as auditors |
Ordinary |
229,187,303 |
99.83 |
382,827 |
0.17 |
229,570,130 |
77.53 |
967,206 |
|
8. To authorise directors to agree the auditors' remuneration |
Ordinary |
230,342,887 |
99.92 |
175,753 |
0.08 |
230,518,640 |
77.85 |
18,498 |
|
9. To authorise the directors to allot shares |
Ordinary |
228,978,524 |
99.33 |
1,540,334 |
0.67 |
230,518,858 |
77.85 |
18,473 |
|
10. To disapply pre-emption rights |
Special
|
230,490,732 |
99.99 |
12,926 |
0.01 |
230,503,658 |
77.84 |
33,678 |
|
11. Authority to facilitate full conversion of 2017 Bonds in ordinary shares |
Special |
228,516,816 |
99.49 |
1,163,549 |
0.51 |
229,680,365 |
77.57 |
856,968 |
|
12. To authorise the Company to make market purchases of own shares |
Special |
229,758,008 |
99.67 |
760,953 |
0.33 |
230,518,961 |
77.85 |
18,373 |
|
13. To authorise a general meeting to be called on not less than 14 days' notice |
Special |
225,339,710 |
97.87 |
4,893,567 |
2.13 |
230,233,277 |
77.75 |
303,857 |
|
14. To amend the articles of association |
Special |
230,435,219 |
99.96 |
80,872 |
0.04 |
230,516,091 |
77.85 |
21,243 |
|
15. To authorise reduction of share premium account by a sum of US$190million subject to approval from the High Court of Justice |
Special |
228,588,504 |
99.58 |
964,598 |
0.42 |
229,553,102 |
77.52 |
984,031 |
1. A vote withheld is not a vote in law and is not counted in the calculation of votes validly cast for or against a resolution.
All resolutions put to the meeting as set out in the Notice of Meeting were carried.
Two copies of the resolutions passed as special business at the AGM have been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at Financial Services Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS.
Deepak Kumar
Company Secretary
|
Ashwin Bajaj Vice President - Investor Relations Vedanta Resources plc
|
Tel: +91 22 6646 1531
|
|
Gordon Simpson Finsbury
|
Tel: +44 20 7251 3801 |
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