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COAL OF AFRICA LIMITED - Results of AGM

Release Date: 29/11/2012 14:53
Code(s): CZA     PDF:  
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Results of AGM

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 ANNUAL GENERAL MEETING

ANNOUNCEMENT                                                                                                                                                                        29 NOVEMBER 2012


In accordance with Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act, the Company announces the
following outcome of the resolutions put to the Annual General Meeting of shareholders held earlier today:

Resolution 1: Non-binding Resolution to adopt Remuneration Report

The resolution was carried unanimously on a show of hands, and the total number of proxy votes in respect of validly
appointed proxies was as follows:

                                                           Number                                            % of Vote                               % of Issued Capital
 For:                                                         501,935,130                                                          93.84                           62.67
 Against:                                                      31,780,377                                                           5.94                            3.97
 Abstain:                                                       1,143,390                                                           0.21                            0.14
 Discretionary:                                                    32,470                                                           0.01                            0.00
 TOTAL:                                                       534,891,367                                                            100                           66.78


Resolution 2: Election of Director – Mr David Brown

The resolution was carried unanimously on a show of hands, and the total number of proxy votes in respect of validly
appointed proxies was as follows:

                                                           Number                                            % of Vote                               % of Issued Capital
 For:                                                         533,599,064                                                          99.76                           66.62
 Against:                                                          28,443                                                           0.01                            0.00
 Abstain:                                                       1,181,390                                                           0.22                            0.15
 Discretionary:                                                    82,470                                                           0.02                            0.01
 TOTAL:                                                       534,891,367                                                            100                           66.78


Resolution 3: Election of Director – Mr Bernard Pryor

The resolution was carried unanimously on a show of hands, and the total number of proxy votes in respect of validly
appointed proxies was as follows:

                                                                      Number                                              % of Vote                     % of Issued Capital
 For:                                                              533,566,708                                                99.75                                  66.62
 Against:                                                               60,799                                                 0.01                                   0.01
 Abstain:                                                            1,181,390                                                 0.22                                   0.15
 Discretionary:                                                         82,470                                                 0.02                                   0.01
 TOTAL:                                                            534,891,367                                                  100                                  66.78



7963444/1AU: Level 1 Old Swan Brewery, 173 Mounts Bay Road, Perth WA 6000, Australia, Tel: +61 8 9322 6776, Fax: +61 8 9322 6778, Email: perth@coalofafrica.com, CAN 008 905388
ZA: 2nd Floor, Gabba Building, The Campus, 57 Sloane Street, Bryanston, Johannesburg, South Africa 2021, Tel: +27 11 575 4363, Fax: +27 11 576 7484, Email: adminza@coalofafrica.co.za
UK: 5th Floor, 33 St. James’s Street, London, SW1A 1HD, United Kingdom, Tel: +44 (0) 20 7839 8840, Fax: +44 (0) 20 7004 0959


David H. Brown - Chairman, John N. Wallington - Chief executive officer, Professor N. A. Nevhutanda - Corporate affairs director, Bernard R. Pryor - Non-executive director,
Peter G. Cordin - Non-executive director, Khomotso B. Mosehla - Non-executive director, Dave J. K. Murray - Non-executive director, Rudolph H. Torlage - Non-executive director


Resolution 4: Re-election of Director – Mr Wayne Koonin

This resolution was withdrawn and was not put to the meeting.


Resolution 5: Re-election of Director – Mr Peter Cordin

The resolution was carried unanimously on a show of hands, and the total number of proxy votes in respect of validly
appointed proxies was as follows:

                                    Number                        % of Vote             % of Issued Capital
 For:                                  506,373,878                              94.67                 63.22
 Against:                                2,826,035                               0.53                  0.35
 Abstain:                               25,608,984                               4.79                  3.20
 Discretionary:                             82,470                               0.02                  0.01
 TOTAL:                                534,891,367                                100                 66.78


Resolution 6 – Issue of Options to Director – Mr David Brown

The resolution was carried unanimously on a show of hands, and the total number of proxy votes in respect of validly
appointed proxies was as follows:

                                    Number                        % of Vote             % of Issued Capital
 For:                                  503,822,654                              94.19                 62.90
 Against:                               29,798,564                               5.57                  3.72
 Abstain:                                1,237,679                               0.23                  0.15
 Discretionary:                             32,470                               0.01                  0.00
 TOTAL:                                534,891,367                                100                 66.78


Resolution 7 – Issue of Options to Director – Mr Bernard Pryor

The resolution was carried unanimously on a show of hands, and the total number of proxy votes in respect of validly
appointed proxies was as follows:

                                    Number                        % of Vote             % of Issued Capital
 For:                                  503,822,654                              94.19                 62.90
 Against:                               29,826,564                               5.58                  3.72
 Abstain:                                1,209,679                               0.23                  0.15
 Discretionary:                             32,470                               0.01                  0.00
 TOTAL:                                534,891,367                                100                 66.78


For more information contact
John Wallington                Chief Executive Officer         Coal of Africa              +27 11 575 4363
Shannon Coates                 Company Secretary               Coal of Africa              +61 89 322 6776
Sakhile Ndlovu                 Investor Relations              Coal of Africa              +27 11 575 6858
Jos Simson/Emily Fenton        Financial PR (United Kingdom)   Tavistock                   +44 20 7920 3150
Chris Sim/Neil Elliot          Nominated Adviser               Investec Bank plc           +44 20 7597 5970
Robert Smith                   JSE Sponsor                     Investec Bank Limited       +27 11 286 7000
Charmane Russell/Jane Kamau    Financial PR (South Africa)     Russell & Associates        +27 11 880 3924 or
                                                                                           +27 82 372 5816
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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 1.6 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.

www.coalofafrica.com                                                                                                                                                  7963444/1

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