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Results of annual general meeting
Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
(“Pan African” or the “Company”)
RESULTS OF ANNUAL GENERAL MEETING
Pan African shareholders are advised that at the annual general meeting (“AGM”) of
shareholders held on Friday, 21 November 2014, all the ordinary and special resolutions, as
set out in the notice of AGM dated 29 October 2014, were approved by the requisite majority
of shareholders present or represented by proxy.
The total number of Pan African shares eligible to vote at the AGM is 1,829,994,763. The
number of shares voted in person or by proxy was 1,623,706,516 representing 88.73% of
the total issued share capital of the same class of Pan African.
All resolutions proposed at the AGM, together with the percentage of shares abstained, as
well as the percentage of votes carried for and against each resolution, are as follows:
Resolution number 1 (Ordinary resolution): To receive the Accounts and the reports of
the directors and auditors thereon
Shares Voted Abstained For Against
1,375,675,018 6,155 100% 0%
(75.17%) (0.00%)
Resolution number 2 (Ordinary resolution): To approve the payment of a final dividend
for the year ended 30 June 2014
Shares Voted Abstained For Against
1,375,675,018 5,524 100% 0%
(75.17%) (0.00%)
Resolution number 3 (Ordinary resolution): To re-elect Mrs H H Hickey as a member of
the Audit Committee
Shares Voted Abstained For Against
1,375,675,018 27,483 98.73% 1.27%
(75.17%) (0.00%)
Resolution number 4 (Ordinary resolution): To re-elect Mr K C Spencer as a member of
the Audit Committee
Shares Voted Abstained For Against
1,375,675,018 27,483 73.49% 26.51%
(75.17%) (0.00%)
Resolution number 5 (Ordinary resolution): To re-elect Mr T Mosololi as a member of the
Audit Committee
Shares Voted Abstained For Against
1,375,675,018 27,483 98.73% 1.27%
(75.17%) (0.00%)
Resolution number 6 (Ordinary resolution): To endorse the Company’s Remuneration
Policy
Shares Voted Abstained For Against
1,375,675,018 248,031,498 83.53% 16.47%
(75.17%) (13.55%)
Resolution number 7 (Ordinary resolution): To re-elect Mr J A J Loots as a Director of the
Company
Shares Voted Abstained For Against
1,375,675,018 27,483 87.06% 12.94%
(75.17%) (0.00%)
Resolution number 8 (Ordinary resolution): To re-elect Mrs H H Hickey as a Director of
the Company
Shares Voted Abstained For Against
1,375,675,018 27,483 98.73% 1.27%
(75.17%) (0.00%)
Resolution number 9 (Ordinary resolution): To re-elect Mr T Mosololi as a Director of the
Company
Shares Voted Abstained For Against
1,375,675,018 27,483 98.73% 1.27%
(75.17%) (0.00%)
Resolution number 10 (Ordinary resolution): To re-elect Mr R M Smith as a Director of
the Company
Shares Voted Abstained For Against
1,375,675,018 27,483 98.73% 1.27%
(75.17%) (0.00%)
Resolution number 11 (Ordinary resolution): To re-appoint Deloitte LLP as auditors of the
Company and to authorise the Directors to determine their remuneration
Shares Voted Abstained For Against
1,375,675,018 38,147 97.47% 2.53%
(75.17%) (0.00%)
Resolution number 12 (Ordinary resolution): To authorise the Directors to allot equity
securities
Shares Voted Abstained For Against
1,375,675,018 30,483 91.36% 8.64%
(75.17%) (0.00%)
Resolution number 13 (Special resolution): To approve market purchases of Ordinary
Shares
Shares Voted Abstained For Against
1,375,675,018 5,524 90.12% 9.88%
(75.17%) (0.00%)
Notes
- Percentages of shares voted are calculated in relation to the total issued share
capital of Pan African eligible to vote
- Percentage of shares for and against are calculated in relation to the total number of
shares voted at the AGM
- Abstentions are calculated as a percentage in relation to the total issued share
capital of Pan African eligible to vote
21 November 2014
Pan African Resources Enquiries
Ron Holding Cobus Loots
Pan African Resources PLC Pan African Resources PLC
Chief Executive Officer Financial Director
Office: + 27 (0) 11 243 2900 Office: + 27 (0) 11 243 2900
Phil Dexter Neil Elliot / Peter Stewart
St James's Corporate Services Limited Canaccord Genuity Limited
Company Secretary Nominated Adviser and Joint Broker
Office: + 44 (0)20 7796 8647 Office: +44 (0)207 523 8350
Matthew Armitt / Ross Allister Sholto Simpson
Peel Hunt LLP One Capital
Joint Broker JSE Sponsor
Office: +44 (0)020 741 8900 Office: + 27 (0)11 550 5009
Julian Gwillim Daniel Thöle
Aprio Strategic Communications Bell Pottinger PR
Public & Investor Relations SA Public & Investor Relations UK
Office: +27 (0)11 880 0037 Office: + 44(0) 203 772 2500
www.panafricanresources.com
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