24th Nov 2017 12:15
ANNOUNCEMENT 24 November 2017
RESULTS OF ANNUAL GENERAL MEETING
The Directors of the Coal of Africa Limited (the "Company" or "CoAL") are pleased to announce that at the Annual General Meeting of Shareholders held earlier today, the resolutions put to the meeting was passed unanimously by a show of hands.
In accordance with Australian Stock Exchange Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act 2001, the Company hereby provides the following information on proxy votes received for each resolution:
For | Against | Proxy Discretion | Abstain | Excluded | |
Resolution 1: Adoption of Remuneration Report | 1,362,007,230 | 133,625,897 | 143,916 | 2,084,356 | 2,196,058 |
Resolution 2: Re-election of Director - De Wet Schutte | 1,496,200,582 | 1,018,604 | 968,915 | 1,869,356 | - |
Resolution 3: Re-election of Director - Rudolph Torlage | 1,496,637,264 | 581,922 | 968,915 | 1,869,356 | - |
Resolution 4: Re-election of Director - Andrew Mifflin | 1,496,638,947 | 580,239 | 968,915 | 1,869,356 | - |
Resolution 5: Grant of Performance Rights to Director - David Brown | 1,496,296,448 | 1,259,402 | 140,916 | 1,535,692 | 824,999 |
Resolution 6: Grant of Performance Rights to Director - De Wet Schutte | 1,496,292,556 | 1,261,068 | 965,915 | 1,537,918 | - |
Resolution 7: Grant of Performance Rights to Director - David Brown | 998,758,421 | 498,782,647 | 153,232 | 1,538,158 | 824,999 |
Resolution 8: Grant of Performance Rights to Director - De Wet Schutte | 998,757,277 | 498,780,647 | 977,815 | 1,541,718 | - |
Resolution 9: Consolidation of ordinary shares | 1,496,098,225 | 1,026,752 | 980,815 | 1,951,665 | - |
Resolution 10: Approval for Change of Company Name | 1,496,658,289 | 892,297 | 980,815 | 1,526,056 | - |
The Company reminds shareholders that due to the divergent treatment of changes to CoAL's International Securities Identification Number (ISIN) arising from the share consolidation and name change resolutions, shares on the United Kingdom register will be suspended from Tuesday 28 November 2017 to Wednesday 6 December 2017. During this period Computershare will be unable to transfer any shares between the Australian, United Kingdom and South African registers and shareholders are advised to consult with their investment advisors should they have any queries regarding the process.
AUTHORISED BY:
Tony Bevan
Company Secretary
For more information contact:
David Brown | Chief Executive Officer | Coal of Africa | +27 10 003 8000 |
De Wet Schutte | Chief Financial Officer | Coal of Africa | +27 10 003 8000 |
Stephen Rowse | Business Executive | Coal of Africa | +27 10 003 8000 |
Tony Bevan | Company Secretary | Endeavour Corporate Services | +61 08 9316 9100 |
Company advisors:
Ross Allister/ Richard Crichton | Nominated Adviser and Broker | Peel Hunt LLP | +44 20 7418 8900 |
Jos Simson/ Barney Hayward/ Annabel de Morgan | Financial PR (United Kingdom) | Tavistock | +44 20 7920 3150 |
Charmane Russell/Olwen Auret | Financial PR (South Africa) | R&A Strategic Communications | +27 11 880 3924 or +27 82 372 5816 |
Investec Bank Limited is the nominated JSE Sponsor
About CoAL:
CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoAL's key projects include the Uitkomst Colliery, Makhado Project (coking and thermal coal), Vele Colliery (coking and thermal coal) and the Greater Soutpansberg Projects (MbeuYashu).
This announcement is inside information for the purposes of article 7 of EU Regulation 596/2014.
Forward-Looking Statements
This Announcement, including information included or incorporated by reference in this Announcement, may contain "forward-looking statements" concerning CoAL that are subject to risks and uncertainties. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond CoAL's ability to control or estimate precisely, such as future market conditions, changes in regulatory environment and the behaviour of other market participants. CoAL cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward looking statements. CoAL assumes no obligation and do not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.
Statements of intention
Statements of intention are statements of current intentions only, which may change as new information becomes available or circumstances change.
Related Shares:
MCM.L