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CZA - Coal of Africa Limited - Results of General Meeting
Coal of Africa Limited
(Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
ISIN AU000000CZA6
JSE/ASX/AIM share code: CZA
("CoAL or the "Company" or the "Group")
RESULTS OF GENERAL MEETING
In accordance with Listing Rule 3.13.2 and Section 251AA(2) of the Corporations
Act, the Company advises the following outcome of the resolutions put to the
General Meeting of shareholders held earlier today:
Resolution 1 - Proposed issue of Shares to Mr John Wallington
The resolution was passed on a poll with the total number of votes cast as
follows:
Number % of Vote % of Issued Capital
For: 437,643,519 90.34 66.06
Against: 46,783,246 9.66 7.06
TOTAL: 484,426,765 100 73.12
Resolution 2 - Proposed issue of Shares to Mr Wayne Koonin
The resolution was passed on a poll with the total number of votes cast as
follows:
Number % of Vote % of Issued Capital
For: 440,032,371 90.84 66.42
Against: 44,394,394 9.16 6.70
TOTAL: 484,426,765 100 73.12
Resolution 3 - Special Resolution: Approval of Financial Assistance to any
Related or Inter-Related Company
The resolution was passed on a poll with the total number of votes cast as
follows:
Number % of Vote % of Issued Capital
For: 484,991,148 99.78 73.21
Against: 1,087,620 0.22 0.16
TOTAL: 486,078,768 100 73.38
Resolution 4 - Proposed issue of Shares to Mr Simon Farrell
The resolution was passed on a poll with the total number of votes cast as
follows:
Number % of Vote % of Issued Capital
For: 185,462,723 51.21 27.99
Against: 176,717,231 48.79 26.67
TOTAL: 362,179,954 100 54.66
Resolution 5 - Proposed issue of Shares to Mr Richard Linnell
The resolution was passed on a poll with the total number of votes cast as
follows:
Number % of Vote % of Issued Capital
For: 306,190,798 63.54 46.22
Against: 175,717,231 36.46 26.52
TOTAL: 481,908,029 100 72.74
Resolution 6 - Proposed issue of Shares to Mr Peter Cordin
The resolution was passed on a poll with the total number of votes cast as
follows:
Number % of Vote % of Issued Capital
For: 395,857,834 82.14 59.75
Against: 86,050,195 17.86 12.99
TOTAL: 481,908,029 100 72.74
Resolution 7 - Proposed issue of Shares to Mr Geoffrey Linnell
The resolution was passed on a poll with the total number of votes cast as
follows:
Number % of Vote % of Issued Capital
For: 400,123,361 82.30 60.40
Against: 86,050,195 17.70 12.98
TOTAL: 486,173,556 100 73.38
Resolution 8 - Proposed issue of Shares to Mr Stephen Rowse
The resolution was passed on a poll with the total number of votes cast as
follows:
Number % of Vote % of Issued Capital
For: 441,767,432 90.87 66.68
Against: 44,406,124 9.13 6.70
TOTAL: 486,173,556 100 73.38
Resolution 9 - Proposed approval of termination benefits for Mr John Wallington
The resolution was passed on a poll with the total number of votes cast as
follows:
Number % of Vote % of Issued Capital
For: 416,606,227 86.01 62.89
Against: 67,741,765 13.99 10.23
TOTAL: 484,347,992 100 73.12
Resolution 10 - Proposed approval of termination benefits for Mr Wayne Koonin
The resolution was passed on a poll with the total number of votes cast as
follows:
Number % of Vote % of Issued Capital
For: 416,606,227 86.00 62.89
Against: 67,811,255 14.00 10.23
TOTAL: 484,417,482 100 73.12
22 June 2012
For more information contact
John Wallington
Chief Executive Officer
Coal of Africa
+27 11 575 4363
Wayne Koonin
Financial Director
Coal of Africa
+27 11 575 4363
Shannon Coates
Company Secretary
Coal of Africa
+61 893 226 776
Sakhile Ndlovu
Investor Relations
Coal of Africa
+27 11 575 6858
Chris Sim/ Jeremy Ellis/ Neil Elliot
Nominated Adviser
Evolution Securities
+44 20 7071 4300
Jos Simson/Emily Fenton
Financial PR (United Kingdom)
Tavistock
+44 207 920 3150
Ruben Govender
JSE Sponsor
J.P. Morgan Equities Limited
+27 11 507 0430
Charmane Russell/Jane Kamau
Financial PR (South Africa)
Russell & Associates
+27 11 880 3924
+27 82 372 5816
www.coalofafrica.com
About CoAL:
CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company
operating in South Africa. CoAL`s key projects include the Vele Colliery (coking
and thermal coal), the Greater Soutpansberg Project, including CoAL`s Makhado
Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both
thermal coal).
The Mooiplaats Colliery commenced production in 2008 and is currently ramping up
to produce 2 Mtpa. The Woestalleen Colliery, acquired through the acquisition of
NuCoal Mining (Pty) Limited in January 2010, currently processes approximately
2.5Mtpa of saleable coal for domestic and export markets. The Woestalleen
Complex also incorporates three beneficiation plants with a total processing
capacity of 350,000 run-of-mine (ROM) feed tonnes per month.
CoAL`s Vele Colliery commenced production in Q1 2012. During the initial phase,
the operation is targeting 2.7 Mtpa ROM production to produce 1.0Mtpa of
saleable coking coal. The Makhado Project, CoAL`s flagship project in the
Soutpansberg coalfield, is well into the feasibility stage, with a Definitive
Feasibility Study having been reviewed by the CoAL Board in March 2012. An
application for a New Order Mining Right for the Makhado Project was submitted
in January 2011.
In May 2012, CoAL acquired the Chapudi coal project and several other coal
exploration properties in the Soutpansberg coal basin in South Africa,
subsequently renamed the Greater Soutspansberg Project, from the previous
owners, including Rio Tinto. The Greater Soutpansberg Project is a consolidation
of nine potential coking and thermal coal assets grouped into three proximate
regions, namely Mopane, Makhado and Chapudi. The acquisition of these assets
strengthens Coal of Africa`s position as one of the most substantial holders of
prospecting and mining rights for coking coal in South Africa`s Soutpansberg
coalfield.
Date: 22/06/2012 16:14:01 Supplied by www.sharenet.co.za
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