28th Nov 2013 10:28
28 November 2013 | LSE: PDL |
Petra Diamonds Limited
("Petra" or the "Company" or the "Group")
Result of Annual General Meeting
Petra Diamonds Limited today held its Annual General Meeting ("AGM") and is pleased to confirm that all resolutions proposed to shareholders were duly passed. A summary of the proxy voting for the AGM is set out below and is available on the Company's website.
Resolutions | Votes for (incl. discretionary) | % of Votes cast | Votes against | % of Votes Cast | Total Votes Cast | Votes Withheld |
1. To receive the Financial Statements of the Company for the year ended 30 June 2013, together with the Reports of the Directors and Auditors thereon. | 302,147,852 | 99.99 | 772 | 0.01 | 302,148,624 | 37,070 |
2. To approve the Directors' remuneration Report for the year ended 30 June 2013. | 294,535,633 | 99.51 | 1,437,990 | 0.49 | 295,973,623 | 6,212,071 |
3. To re-appoint BDO LLP as auditors to act as such until the conclusion of the next AGM of the Company. | 302,184,422 | 99.99 | 1,272 | 0.01 | 302,185,694 | - |
4. To authorise the Directors of the Company to fix the remuneration of the Auditors | 302,182,776 | 99.99 | 1,264 | 0.01 | 302,184,040 | 1,654 |
5. To re-appoint Mr Adonis Pouroulis, who retires in accordance with the Company's Bye-Laws, as a Director of the Company. | 288,731,005 | 96.22 | 11,345,662 | 3.78 | 300,076,667 | 2,109,027 |
6. To re-appoint Mr Christoffel Johannes Dippenaar, who retires in accordance with the Company's Bye-Laws, as a Director of the Company. | 294,318,289 | 98.05 | 5,866,801 | 1.95 | 300,185,090 | 2,000,604 |
7. To re-appoint Mr David Gary Abery, who retires in accordance with the Company's Bye-Laws, as a Director of the Company. | 293,360,581 | 97.73 | 6,824,009 | 2.27 | 300,184,590 | 2,001,104 |
8. To re-appoint Mr James Murry Davidson, who retires in accordance with the Company's Bye-Laws, as a Director of the Company. | 292,909,930 | 97.58 | 7,275,160 | 2.42 | 300,185,090 | 2,000,604 |
9. To re-appoint Mr Anthony Carmel Lowrie, who retires in accordance with the Company's Bye-Laws, as a Director of the Company. | 294,434,419 | 98.08 | 5,750,171 | 1.92 | 300,184,590 | 2,001,104 |
10. To re-appoint Dr Patrick John Bartlett, who retires in accordance with the Company's Bye-Laws, as a Director of the Company. | 294,434,911 | 98.08 | 5,750,179 | 1.92 | 300,185,090 | 2,000,604 |
11. To re-appoint Mr Alexander Gordon Kelso Hamilton, who retires in accordance with the Company's Bye-Laws, as a Director of the Company. | 294,434,419 | 98.08 | 5,750,671 | 1.92 | 300,185,090 | 2,000,604 |
12. To increase the Company's authorised share capital (ordinary shares of £0.10 each) from £65,000,000 to £75,000,000. | 302,129,002 | 99.98 | 55,198 | 0.02 | 302,184,200 | 1,494 |
13. To authorise the Directors of the Company to allot Relevant Securities within the meaning of Bye-Law 2.4 of the Company's Bye-Laws. | 302,149,697 | 99.99 | 2,259 | 0.01 | 302,151,956 | 33,738 |
14. To disapply the pre-emption provisions of Bye-Law 2.5(a) pursuant to Bye-Law 2.6(a)(i) of the Company's Bye-Laws. | 302,143,018 | 99.99 | 39,667 | 0.01 | 302,182,685 | 3,009 |
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" or "Against" a resolution.
3. Total number of ordinary shares in issue as at 5pm on 26 November 2013 was 511,886,048. Votes were cast in respect of 302,184,422 shares, being 59.0% of shares in issue.
In accordance with LR 9.6.2R the full text of resolution 11 has been submitted to the National Storage Mechanism and will be available for inspection at www.Hemscott.com/nsm.do.
~ Ends ~
For further information, please contact:
Petra Diamonds (Corporate Communications) | Telephone: +44 20 7494 8203 |
Cathy Malins |
Buchanan (PR Adviser) | Telephone: +44 20 7466 5000 |
Cornelia Browne Bobby Morse Louise Mason |
RBC Capital Markets (Joint Broker) | Telephone: +44 20 7653 4000 |
Matthew Coakes Jonathan Hardy |
Canaccord Genuity Limited (Joint Broker) | Telephone: +44 20 7523 8000 |
Ryan Gaffney | |
Chris Fincken |
About Petra Diamonds Limited
Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has interests in six producing mines: five in South Africa (Finsch, Cullinan, Koffiefontein, Kimberley Underground and Helam) and one in Tanzania (Williamson). It also maintains an exploration programme in Botswana.
Petra offers an exceptional growth profile, with a core objective to steadily increase annual production to 5 million carats by FY 2019. The Group has a major resource base in excess of 300 million carats.
Petra conducts all operations according to the highest ethical standards and will only operate in countries which are members of the Kimberley Process. Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL' and is a member of the FTSE 250.
For more information, visit the Company's website at www.petradiamonds.com.
Related Shares:
Petra Diamonds