3rd Jun 2016 09:42
3 June 2016
| AIM/ASX Code: SO4
|
SALT LAKE POTASH LIMITED Results of General Meeting
|
AIM and ASX listed Salt Lake Potash Limited ("the Company") advises that at a General Meeting of shareholders held earlier today, 3 June 2016, at 10.00am (WST), all resolutions were duly passed.
As a result, shareholders have approved the issue and placement of 1,600,000 ordinary shares of no par value ("Ordinary Shares"), as announced on 31 March 2016, ratified the issue of 26,175,000 Ordinary Shares (announced on 24 March 2016), pursuant to Listing Rule 7.4 of the Australian Securities Exchange and approved the issue of incentive options to Mr Matthew Syme, the Company's Chief Executive Officer.
The resolutions voted on were in accordance with the Notice of General Meeting announced on 3 May 2016.
In accordance with Section 251AA of the Corporations Act 2001, the following information is also provided:
Resolution | Result | Number of Proxy Votes | |||
| For | Against | Abstain | Proxy's Discretion | ||
1. Authorise Issue of Placement Shares | Passed on a show of hands | 30,726,633 | 1,920 | 791,503 | 133 |
2. Authority to Issue Incentive Options | Passed on a show of hands | 31,517,777 | 2,279 | Nil | 133 |
3. Ratification of Prior Placement | Passed on a show of hands | 17,820,907 | 66 | 13,699,083 | 133 |
For further information please visit www.saltlakepotash.com.au or contact:
Sam Cordin | Salt Lake Potash Limited | Tel: +61 8 9322 6322 |
Colin Aaronson/Richard Tonthat/Daniel Bush | Grant Thornton UK LLP (Nominated Adviser) | Tel: +44 (0)207 383 5100 |
Nick Tulloch/Beth McKiernan | Cenkos Securities plc (Broker) | Tel: +44 (0) 131 220 6939 |
Related Shares:
SO4.L