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Kazakhmys PLC (KAZ)

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Friday 11 May, 2012

Kazakhmys PLC

Result of Annual General Meeting

RNS Number : 2112D
Kazakhmys PLC
11 May 2012
 



 

Result of 2012 Annual General Meeting

 

Kazakhmys PLC (the 'Company') announces that at its Annual General Meeting held today, all the resolutions put to shareholders were duly passed on a poll. The poll results showing the number of votes received for and against each resolution are shown below.

 

The poll results for Resolutions 1 to 18 represent approximately 86% of the total number of 524,107,131 Ordinary Shares in issue which carry voting rights of one vote per share. In accordance with the Code, the Concert Party (comprising Vladimir Kim, Oleg Novachuk and Eduard Ogay) has not voted its interest in 188,064,645 Ordinary Shares in respect of Resolution 19 (the 'LTIP Waiver Resolution') and therefore the poll results for this resolution represent approximately 73% of the total number of 336,042,486 Ordinary Shares eligible to vote.

 

The Company currently holds 11,310,830 Ordinary Shares in treasury which do not carry voting rights.

 

Full details of the resolutions passed, together with explanatory notes, are set out in the Notice of Annual General Meeting which is available on the Company's website at www.kazakhmys.com.

 

 

Resolution

For/

Discretion

%

Against

%

Total

Vote Withheld*

1. To receive the 2011 report and accounts

447,877,493

100.00

3,311

0.00

447,880,804

4,357,978

2. To declare the final dividend for 2011

450,933,746

100.00

0

0.00

450,933,746

1,305,036

3. To approve the 2011 Directors' Remuneration Report

444,976,656

98.68

5,954,090

1.32

450,930,746

1,308,036

4. To elect Charles Watson as a Director

450,686,153

99.95

247,372

0.05

450,933,525

1,305,257

5. To re-elect Vladimir Kim as a Director

443,804,512

98.69

5,881,038

1.31

449,685,550

2,553,232

6. To re-elect Oleg Novachuk as a Director

449,749,486

99.74

1,183,759

0.26

450,933,245

1,305,537

7. To re-elect Eduard Ogay as a Director

449,699,498

99.73

1,233,947

0.27

450,933,445

1,305,537

8. To re-elect Philip Aiken as a Director

449,737,539

99.74

1,193,556

0.26

450,931,095

1,307,687

9. To re-elect Clinton Dines as a Director

450,097,302

99.81

835,943

0.19

450,933,245

1,305,537

10. To re-elect Simon Heale as a Director

450,594,745

99.93

333,250

0.07

450,927,995

1,310,787

11. To re-elect Lord Renwick as a Director

450,164,831

99.92

368,414

0.08

450,533,245

1,705,537

12. To re-elect Daulet Yergozhin as a Director

448,586,582

99.57

1,945,663

0.43

450,532,245

1,706,537

13. To re-appoint Ernst & Young LLP as auditors

450,766,528

99.96

167,139

0.04

450,933,667

1,305,115

14. To authorise the Directors to set the auditors' remuneration

450,836,671

99.98

96,821

0.02

450,933,492

1,305,290

15. To renew the Directors' authority to allot shares

440,752,659

97.85

9,676,116

2.15

450,428,775

1,810,007

16. To renew the Directors' authority to disapply pre-emption rights

450,794,834

99.96

195,481

0.04

450,990,315

1,248,467

17. To authorise the Directors to make market purchases of the Company's shares

450,680,582

99.94

252,912

0.06

450,933,494

1,305,288

18. To authorise the calling of general meetings on 14 clear days' notice

435,647,691

96.61

15,285,514

3.39

450,933,205

1,305,577

19. To approve the LTIP Waiver granted by the Takeover Panel pursuant to the vesting of LTIP Awards

233,225,001

95.06

12,120,210

4.94

245,345,211

2,478,768

 

*'Vote Withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.

 

Following the passing of the LTIP Waiver Resolution by Independent Shareholders, and assuming vesting of Ordinary Shares to the maximum extent possible under all approved LTIP awards granted to Oleg Novachuk and Eduard Ogay to date, the Concert Party's maximum potential interest in the voting share capital of the Company would be 188,745,246 representing 35.99%.

 

In accordance with LR 9.6.2 of the UK Listing Authority, Kazakhmys PLC has submitted copies of the special resolutions passed at its Annual General Meeting to the National Storage Mechanism which will shortly be available for inspection at www.hemscott.com/nsm.do.

 

Capitalised terms used in this announcement but not otherwise defined herein shall have the same meanings given in the Notice of Annual General Meeting.

 

Robert Welch

Company Secretary

Tel: + 44 (0)20 7901 7831

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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