Result of Annual General Meeting

RNS Number : 3219S

Petra Diamonds Limited

29 November 2012

 



29 November 2012

LSE: PDL

Petra Diamonds Limited

("Petra" or the "Company")

Result of Annual General Meeting

Petra Diamonds Limited today held its Annual General Meeting ("AGM") and is pleased to confirm that all resolutions proposed to shareholders were duly passed. A summary of the proxy voting for the AGM is set out below and is available on the Company's website here: http://www.petradiamonds.com/investors/shareholder-information/agm/2012. 

Johan Dippenaar, CEO of Petra, gave a presentation at the AGM and this is also available on the same link.

Resolutions	Votes for (incl. discretionary)	% of Votes cast	Votes against	% of Votes Cast	Total Votes Cast	Votes Withheld
1.  To receive and adopt the financial statements of the Company for the year ended 30 June 2012, together with the Reports of the Directors and Auditors thereon	366,495,726	99.94	210,000	0.06	366,705,726	220,880
2.  To approve the Directors' Remuneration Report for the year ended 30 June 2012	366,337,033	99.94	211,700	0.06	366,548,733	377,873
3.  To re-appoint BDO LLP as auditors to act as such until the conclusion of the next General Meeting of the Company	366,525,095	99.89	401,511	0.11	366,926,606	0
4.  To authorise the Directors of the Company to fix the remuneration of the auditors	362,340,548	99.86	492,132	0.14	362,832,680	4,093,926
5.  To re-appoint Mr Adonis Pouroulis, who retires in accordance with the Company's Bye-laws, as a Director of the Company	363,999,342	99.44	2,045,283	0.56	366,044,625	881,981
6.  To re-appoint Mr Christoffel Johannes Dippenaar, who retires in accordance with the Company's Bye-laws, as a Director of the Company	364,938,432	99.46	1,985,904	0.54	366,924,336	2,270
7.  To re-appoint Mr David Gary Abery, who retires in accordance with the Company's Bye-laws, as a Director of the Company	364,938,432	99.46	1,985,904	0.54	366,924,336	2,270
8.  To re-appoint Mr James Murry Davidson, who retires in accordance with the Company's Bye-laws, as a Director of the Company	364,938,432	99.46	1,985,904	0.54	366,924,336	2,270
9.  To re-appoint Mr Anthony Carmel Lowrie, who retires in accordance with the Company's Bye-laws, as a Director of the Company	366,262,825	99.82	661,511	0.18	366,924,336	2,270
10.        To re-appoint Dr Patrick John Bartlett, who retires in accordance with the Company's Bye-laws, as a Director of the Company	364,693,572	99.39	2,230,764	0.61	366,924,336	2,270
11.        To re-appoint Mr Alexander Gordon Kelso Hamilton, who retires in accordance with the Company's Bye-laws, as a Director of the Company	364,017,692	99.29	2,601,644	0.71	366,619,336	307,270
12.        To re-appoint Dr Omar Kamal, who retires in accordance with the Company's Bye-laws, as a Director of the Company	358,798,932	99.37	2,266,163	0.63	361,065,095	5,861,511
13.        To authorise the Directors of the Company to allot Relevant Securities within the meaning of Bye-law 2.4 of the Company's Bye-laws	366,926,606	100.00	0	0.00	366,926,606	0
Special Resolution
14.        To disapply the pre-emption provisions of Bye-law 2.5(a) pursuant to Bye-law 2.6(a)(i) of the Company's Bye-laws	366,911,781	99.99	11,700	0.01	366,923,481	3,125

Notes:

1. Votes "For" and "Against" are expressed as a percentage of votes received.

2. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

3. Total number of ordinary shares in issue as at 5pm on 27 November 2012 was 507,936,380. Votes were cast in respect of 72.2% of shares in issue.

In accordance with the UK Listing Authority's Listing Rules, copies of the resolutions have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.

~ Ends ~

For further information, please contact:

Petra Diamonds, London	Telephone: [phone]
Cathy Malins	[e-mail]

Buchanan (PR Adviser)	Telephone: [phone]
Bobby Morse Louise Mason Cornelia Browne	[e-mail] [e-mail] [e-mail]

RBC Capital Markets (Joint Broker)	Telephone: [phone]
Martin Eales	[e-mail]
Pierre Schreuder	[e-mail]

Canaccord Genuity Limited (Joint Broker)	Telephone: [phone]
Rob Collins Andrew Chubb	[e-mail] [e-mail]

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has interests in eight producing mines: seven in South Africa (Finsch, Cullinan, Koffiefontein, Kimberley Underground, Helam, Sedibeng and Star) and one in Tanzania (Williamson). It also maintains an exploration programme in Botswana.

The Company has recently commenced a disposal process in respect of the Helam, Sedibeng and Star mines (the Fissure Mines), which are no longer core to the Group's portfolio.

Petra offers an exceptional growth profile, with a core objective to steadily increase annual production to 5 million carats by FY 2019. The Group has a major resource base in excess of 300 million carats.

Petra conducts all operations according to the highest ethical standards and will only operate in countries which are members of the Kimberley Process. Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL' and is a member of the FTSE 250.

For more information, visit the Company's website at www.petradiamonds.com   

 

END

 

 

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