RESULTS OF ANNUAL GENERAL MEE

RNS Number : 8949V

Centamin Egypt Limited

09 November 2010

 



Centamin Egypt Limited ("Centamin" or "the Company")

(LSE: CEY, TSX: CEE)

RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

We wish to advise that the outcomes of each resolution put to the Company's members at the Annual General Meeting held on Tuesday, 09 November 2010, in the Bishopsgate & Chancery Rooms at The Andaz Hotel, Liverpool Street, London, United Kingdom at 11.30 am (London time) are set out below along with information required by section 251AA of the Corporations Act.

Ordinary Resolution 1.0 - Financial Statements and Reports

The Company's financial statements, the directors' report and the auditors' report for the year ended 30 June 2010, were tabled and considered.

Instructions in respect of proxy votes were as follows:

For	Against	Abstain	Proxy's Discretion
687,255,184	4,476,773	6,330,895	552,911

Ordinary Resolution 2.1 - Election of Mr Harry Michael

This resolution was passed without amendment by a show of hands. Instructions in respect of proxy votes were as follows:

For	Against	Abstain	Proxy's Discretion
691,371,544	2,380,481	6,967	552,911

Ordinary Resolution 2.2 - Re-Election of Professor G Robert Bowker

This resolution was passed without amendment by a show of hands. Instructions in respect of proxy votes were as follows:

For	Against	Abstain	Proxy's Discretion
691,920,902	1,513,906	324,184	552,911

Ordinary Resolution 2.3 - Re-Election of Mr Colin Cowden

This resolution was passed without amendment by a show of hands. Instructions in respect of proxy votes were as follows:

For	Against	Abstain	Proxy's Discretion
578,781,708	63,411,635	51,560,806	552,911

Ordinary Resolution 2.4 - Re-Election of Mr Josef El-Raghy

This resolution was passed without amendment by a show of hands. Instructions in respect of proxy votes were as follows.

For	Against	Abstain	Proxy's Discretion
679,476,827	6,200,276	8,078,046	552,911

Special Resolution 3.0 - Disapplication of Pre-Emption Rights

This resolution was passed by shareholders present without amendment by a show of hands. Instructions in respect of proxy votes were as follows:

For	Against	Abstain	Proxy's Discretion
556,411,416	85,626,909	51,716,824	552,911

Ordinary Resolution 4.0 - Adoption of the Loan Funded Share Plan 2010

The Chairman advised that the Company decided not to propose this resolution to the meeting. Since distributing the notice of meeting and details of the proposed Loan Funded Share Plan, the Directors have had discussions with a number of institutional shareholders and advisers in relation to the structure of the Plan. The response to the Plan has indicated that modifications will be desirable to bring the Plan more into line with United Kingdom corporate governance guidelines. The Directors will consider proposing a modified employee incentive plan at a future general meeting. Instructions in respect of proxy votes were as follows:

For	Against	Abstain	Proxy's Discretion
259,397,876	328,093,569	105,059,125	499,505

Yours sincerely

Heidi Brown

Company Secretary

09 November 2010

 

END

 

 

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