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Friday 24 November, 2006

Union Resources LTD

Result of AGM


               Annual General Meeting - Outcome of Resolutions                

At the Company's annual general meeting held today the resolutions put to
members and the outcome of those resolutions were as follows:-

1. Resolution 1 (AGENDA ITEM 3) (Ordinary resolution)

"That Mr. James Collins-Taylor, who retires in accordance with the Company's
constitution and being eligible offers himself for re-election, be re-elected a
director of the Company."

Outcome of Resolution 1 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 206,524,816.

The instructions in respect of the proxies were:

        FOR               AGAINST             ABSTAIN             PROXY'S      
                                                                               
                                                                DISCRETION     
                                                                               
    180,590,148            3,624              24,000            25,907,044     

2. Resolution 2 (AGENDA ITEM 4) (Ordinary resolution)

"That in accordance with Listing Rule 10.17 of the Official Listing Rules of
the Australian Stock Exchange Limited and clause 61.1 of the Company's
constitution, the maximum aggregate annual remuneration payable to
non-executive directors of the Company be increased by $150,000 from $300,000
to $450,000."

Outcome of Resolution 2 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 206,524,816.

The instructions in respect of the proxies were:

        FOR               AGAINST             ABSTAIN             PROXY'S      
                                                                               
                                                                DISCRETION     
                                                                               
    180,561,147           46,525              10,100            25,907,044     

3. Resolution 3 (AGENDA ITEM 5) (Ordinary resolution)

"That the Remuneration Report for the year ended 30 June 2006 be adopted."

Outcome of Resolution 3 - Passed on a show of hands

The total number of proxy votes exercisable by all proxies validly appointed
was 206,524,816.

The instructions in respect of the proxies were:

        FOR               AGAINST             ABSTAIN             PROXY'S      
                                                                               
                                                                DISCRETION     
                                                                               
    180,586,393           30,879                500             25,907,044     


UNION RESOURCES LIMITED

John Lemon
Company Secretary

For further information:
Union Resources Limited (Tel: 00 61 7 3833 3833)
Rob Murdoch - Managing Director
www.unionresources.com.au

Hanson Westhouse LLP (Tel: 020 7601 6100)
Bill Staple
Martin Davison

Bankside Consultants (Tel: 020 7367 8888)
Keith Irons