2nd Nov 2009 12:53
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ALBIDON LIMITED (Subject to Deed of Company Arrangement) |
Level 1 |
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62 Colin St |
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West Perth 6005 Western Australia ARBN 107 288 755 Tel:+6189211 4600 Fax: +6189211 4699 Email:[email protected] ASX Code: ALB AIM Code: ALD |
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2 November 2009
ALBIDON LIMITED (SUBJECT TO DEED OF COMPANY ARRANGEMENT) ARBN 107 288 755
("ALBIDON")
RESULTS OF GENERAL MEETING
In accordance with Listing Rule 3.13.2 and section 251AA of the Corporation Act 2001, we advise that the resolutions and proxies received in respect of each resolution are set out below:
1. Issue of Shares to Jinchuan Group Limited
The instructions given to validly appointed proxies in respect of the resolution were as follows:
|
In Favour |
Against |
Abstention |
Proxy's Discretion |
|
80,458,012 |
284,805 |
54,400 |
40,000 |
The motion was declared carried on the proxies received.
2. Issue of Convertible Notes to Jinchuan Group Limited
The instructions given to validly appointed proxies in respect of the resolution were as follows:
|
In Favour |
Against |
Abstention |
Proxy's Discretion |
|
79,659,687 |
883,130 |
54,400 |
40,000 |
The motion was declared carried on the proxies received.
3. Approval of issue of Shares and Convertible Notes without need for mandatory takeover offer
The instructions given to validly appointed proxies in respect of the resolution were as follows:
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In Favour |
Against |
Abstention |
Proxy's Discretion |
|
80,247,262 |
287,805 |
54,400 |
40,000 |
The motion was declared carried on the proxies received.
4. Provision of security
The instructions given to validly appointed proxies in respect of the resolution were as follows:
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In Favour |
Against |
Abstention |
Proxy's Discretion |
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79,958,262 |
289,805 |
316,400 |
40,000 |
The motion was declared carried on the proxies received.
5. Issue of warrants to Senior Lenders
The instructions given to validly appointed proxies in respect of the resolution were as follows:
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In Favour |
Against |
Abstention |
Proxy's Discretion |
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118,569,775 |
587,980 |
152,200 |
40,000 |
The motion was declared carried on the proxies received.
Accordingly, all resolutions in support of the Jinchuan Group recapitalisation plan were passed. Settlement of the transaction under the Deed of Company Arrangement is scheduled for Tuesday, 3 November 2009.
CONTACTS
If you have any queries please contact Hayden White or Matthew Woods of KPMG on +61 8 9263 7171 or email at [email protected].
Albidon's nominated adviser is RFC Corporate Finance Ltd, contact Stephen Allen +61 8 9480 2500.
Additional information may also be viewed on Albidon's website at www.albidon.com
Related Shares:
ALD.L