PAN AFRICAN RESOURCES PLC - Result of AGM

Freitag, 25.11.2016 15:35 von

PR Newswire

Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
(“Pan African” or the “Company”)

RESULTS OF ANNUAL GENERAL MEETING

Pan African shareholders are advised that at the annual general meeting (“AGM”) of shareholders held on Friday, 25 November 2016, all the ordinary and special resolutions, as set out in the notice of AGM dated 20 September 2016, were approved by the requisite majority of shareholders present or represented by proxy.

The total number of Pan African shares eligible to vote at the AGM is 1,943,206,554. The highest number of shares voted in person or by proxy was 1,481,855,576 representing 76.26% of the total issued share capital of the same class of Pan African.

All resolutions proposed at the AGM, together with the percentage of shares abstained, as well as the percentage of votes carried for and against each resolution, are as follows:

Ordinary resolution number 1: To receive and adopt the directors’ report, the audited statement of accounts and the auditors’ report for the year ended 30 June 2016

Shares Voted

1,464,834,235
75.38%
Abstained

17,094,631
0.88%
For
 
99.99%
Against
 
0.01%

Ordinary resolution number 2: To approve the payment of a final dividend for the year ended 30 June 2016*

Shares Voted
 
1,481,855,576
76.26%
Abstained
 
73,290
0.004%
For
 
100%
Against
 
0.00%

*Shareholders are referred to the SENS announcement released on 13 October 2016 for the salient dates and conversion rate details of the final dividend.

Ordinary resolution number 3: To re-elect Mrs HH Hickey as a director of the Company

Shares Voted

1,464,978,996
75.39%
Abstained

16,949,870
0.87%
For
 
99.88%
Against
 
0.12%

Ordinary resolution number 4: To re-elect Mr T Mosololi as a director of the Company

Shares Voted

1,464,967,701
75.39%
Abstained

16,961,165
0.87%
For
 
99.88%
Against
 
0.12%

Ordinary resolution number 5: To re-elect Mrs HH Hickey as a member of the audit committee

Shares Voted

1,464,978,996
75.39%
Abstained

16,949,870
0.87%
For
 
98.63%
Against
 
1.37%

Ordinary resolution number 6: To re-elect Mr KC Spencer as a member of the audit committee

Shares Voted

1,464,978,996
75.39%
Abstained

16,949,870
0.87%
For
 
80.99%
Against
 
19.01%

Ordinary resolution number 7: To re-elect Mr T Mosololi as a member of the audit committee

Shares Voted

1,464,967,701
75.39%
Abstained

16,961,165
0.87%
For
 
99.88%
Against
 
0.12%

Ordinary resolution number 8: To endorse the Company’s remuneration policy

Shares Voted

1,464,708,981
75.38%
Abstained

17,216,885
0.89%
For
 
85.95%
Against
 
14.05%

Ordinary resolution number 9: To re-appoint Deloitte LLP as auditors of the Company and to authorise the directors to determine their remuneration

Shares Voted

1,464,992,727
75.39%
Abstained

16,936,139
0.87%
For
 
99.79%
Against
 
0.21%

Ordinary resolution number 10: To authorise the directors to allot equity securities

Shares Voted

1,461,924,036
75.23%
Abstained

20,004,830
1.03%
For
 
69.46%
Against
 
30.54%

Special resolution number 11: To approve market purchases of ordinary shares

Shares Voted

1,481,740,735
76.25%
Abstained

188,131
0.01%
For
 
99.75%
Against
 
0.25%

Notes

  • Percentages of shares voted are calculated in relation to the total issued share capital of Pan African
  • Percentages of shares voted for and against  are calculated in relation to the total number of shares voted for each resolution
  • Abstentions are calculated as a percentage in relation to the total issued share capital of Pan African

Johannesburg

25 November 2016

CONTACT INFORMATION


Corporate Office
The Firs Office Building
1st Floor, Office 101
Cnr. Cradock and Biermann Avenues
Rosebank, Johannesburg
South Africa
Office:   + 27 (0) 11 243 2900
Facsimile: + 27 (0) 11 880 1240
 
Registered Office
Suite 31
Second Floor
107 Cheapside
London
EC2V 6DN
United Kingdom
Office:   + 44 (0) 207 796 8644
Facsimile: + 44 (0) 207 796 8645
 
 

Cobus Loots Deon Louw
Pan African Resources PLC Pan African Resources PLC
Chief Executive Officer Financial Director
Office: + 27 (0) 11 243 2900 Office: + 27 (0) 11 243 2900


 

Phil Dexter John Prior / Paul Gillam
St James's Corporate Services Limited Numis Securities Limited
Company Secretary Nominated Adviser and Joint Broker
Office: + 44 (0) 207 796 8644 Office: +44 (0) 20 7260 1000


 

Sholto Simpson Matthew Armitt / Ross Allister
One Capital Peel Hunt LLP
JSE Sponsor Joint Broker
Office: + 27 (0) 11 550 5009 Office: +44 (0) 207 418 8900


 

Julian Gwillim Daniel Thöle
Aprio Strategic Communications Bell Pottinger PR
Public & Investor Relations SA Public & Investor Relations UK
Office: +27 (0)11 880 0037 Office: + 44 (0) 203 772 2500



Jeffrey Couch / Neil Haycock / Thomas Rider
BMO Capital Markets Limited
Joint Broker
Office: +44 (0) 207 236 1010

www.panafricanresources.com