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PALLINGHURST RESOURCES LIMITED - Results of Annual General Meeting

Release Date: 06/08/2015 13:50
Code(s): PGL     PDF:  
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Results of Annual General Meeting

PALLINGHURST RESOURCES LIMITED
(Incorporated in Guernsey)
(Guernsey registration Number: 47656)
(South African external company registration number 2009/012636/10)
Share code on the BSX: PALLRES ISIN: GG00B27Y8Z93
Share code on the JSE: PGL
("Pallinghurst" or the "Company")



Results of Annual General Meeting


Shareholders are advised that at the Company’s Annual General Meeting held on Wednesday 5 August 2015,
all the resolutions set out in the notice of meeting and proposed at the meeting were passed by the requisite
majority of shareholders.

Details of the voting results at the AGM are as follows:

Total issued number of ordinary shares                                     760,452,631

Total number of shares present/represented including proxies at the
meeting (including shares abstained from voting)                           439,824,548

Percentage of ordinary shares represented at the meeting                   57.84%



Resolution proposed                                                        For              Against         Abstain*

Ordinary Resolution 1:
To adopt the Company’s Annual Report for the year ended 31                 439,712,398      -               112,150
December 2014.                                                             100.00%          0.00%           0.01%


Ordinary Resolution 2:
To re-elect Dr Christo Wiese, who is retiring by rotation, as a Director   439,712,398      -               112,150
of the Company.                                                            100.00%          0.00%           0.01%


Ordinary Resolution 3:
To re-elect Stuart Platt-Ransom, who is retiring by rotation, as a         439,712,398      -               112,150
Director of the Company.                                                   100.00%          0.00%           0.01%


Ordinary Resolution 4:
To elect each of Stuart Platt-Ransom (subject to his re-election as a      425,732,138      13,980,260      112,150
Director pursuant to ordinary resolution 3), Martin Tolcher, and Clive     96.82%           3.18%           0.01%
Harris to the Company’s Audit Committee.                                   


Ordinary Resolution 5:
To reappoint Saffery Champness as the Company’s auditor (until the         439,712,398       -              112,150
conclusion of the 2016 annual general meeting) and to authorise the        100.00%          0.00%           0.01%


Directors to fix their remuneration.                                    
Special Resolution 1:
To amend the Company’s memorandum of association (renamed as               439,699,289      13,109          112,150
the Memorandum of Incorporation)                                           100.00%          0.00%           0.01%


Special Resolution 2:
To amend the Company’s articles of association (renamed as the             439,699,289      13,109          112,150
Articles of Incorporation)                                                 100.00%          0.00%           0.01%


Non-binding advisory vote:
To endorse the Company’s Remuneration Policy (as set out within the        311,706,941      84,034,729      44,082,878
Remuneration Committee Report).                                            78.77%           21.23%          5.80%


*Abstentions are represented as a percentage of total issued number of ordinary shares.



Guernsey
6 August 2015

Sponsor
Investec Bank Limited

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