Wrap Text
CRD - Central Rand Gold Limited - Results of annual general meeting
Central Rand Gold Limited
("CRG" or the "Company" or the "Group")
(Incorporated as a company with limited liability under the laws of Guernsey,
Company Number 45108)
(Incorporated as an external company with limited liability under the laws of
South Africa, registration number 2007/0192231/10)
ISIN: GG00B24HM601
Share code on LSE: CRND
Share code on JSE: CRD
27 June 2011
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are hereby advised that at the Annual General Meeting of CRG
held at 11.00 a.m. on 24 June 2011 (UK time), resolutions 1, 2 and 3 were
passed by shareholders on a show of hands. Following a poll, requested by the
Chairman, resolution 4, an ordinary resolution, and resolution 5, an
extraordinary resolution, failed to be passed by the shareholders as the
requisite percentage of votes required was not obtained.
At the AGM the following resolutions were put to the meeting as ordinary
resolutions:
1. To receive and consider the Company`s annual accounts for the financial
year ended 31 December 2010 together with the directors` and auditors`
reports on the annual accounts.
2. To re-appoint KPMG LLP as auditors to the Company to hold office from the
conclusion of the meeting until the conclusion of the next meeting at which
accounts are laid before the Company and to authorise the directors to fix
their remuneration.
3. To re-elect Michael McMahon as a director of the Company who retires by
rotation in accordance with Article 16.6 of the Articles and being eligible
offers himself for re-election.
4. To approve the Directors remuneration report for the financial year ended
31 December 2010.
The following resolution was put to the meeting as an extraordinary
resolution:
5. That the directors be and are hereby empowered to allot equity securities
wholly for cash pursuant to the authority conferred by Article 4.1 and
Article 10.6 of the Articles as if Article 10.1 of the Articles did not apply
to any such allotment, provided that this power shall be limited to the
allotment of equity securities:
in connection with an offer of such securities by way of rights to holders of
shares in proportion (as nearly as may be practicable) to their respective
holdings of such shares, but subject to such exclusions or other arrangements
as the directors may deem necessary or expedient in relation to fractional
entitlements or any legal or practical problems under the laws of any
territory, or the requirements of any regulatory body or stock exchange or
otherwise; and
b. otherwise than and in addition to pursuant to sub-paragraph (a) of this
resolution up to a maximum aggregate nominal amount equal to GBP799,841
(being approximately 5 per cent. of the issued share capital of the Company
as at 29 April 2011);
and provided that this authority shall expire on the 15 month anniversary of
the date of this resolution or on the conclusion of the Company`s next
general meeting if earlier save that the Company may, before such expiry make
an offer or agreement which would or might require equity securities to be
allotted after such expiry and the directors may allot equity securities in
pursuance of any such offer or agreement notwithstanding that the power
conferred hereby has expired and in this resolution the expression "equity
securities" and references to the "allotment of equity securities" shall bear
the same respective meanings as in Article 1.1 of the Articles.
The proxy votes cast before the meeting in respect of the individual
resolutions were as follows:
RESOLUTION FOR AGAINST WITHHELD
1 200,319,323 50,299,375 28,550
2 250,613,960 27,738 5,550
3 249,287,256 922,353 437,639
4 13,186,772 118,553,798 118,906,678
5 170,135,090 80,506,608 5,550
Issued ordinary share capital as at 24 June 2011: 1,599,682,990
Issued on behalf of: Central Rand Gold Limited
Contact:
Johan du Toit +27 (0) 11 674 2304
Patrick Malaza +27 (0) 11 674 2304
Enquiries:
Evolution Securities Limited +44 (0) 20 7071 4300
Chris Sim / Neil Elliot
Merchantec Capital +27 (0) 11 325 6363
Roger Pitt / Marcel Goncalves /
Monique Martinez
Buchanan Communications Limited +44 (0) 20 7466 5000
Bobby Morse / Katharine Sutton /
James Strong
Jenni Newman Public Relations +27 (0) 11 506 7351
(Pty) Ltd
Jenni Newman
Date: 27/06/2011 11:40:07 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
