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PALLINGHURST RESOURCES LIMITED - Results of Annual General Meeting

Release Date: 29/06/2016 15:15
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 29 June 2016, 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)                            404,023,750

Percentage of ordinary shares represented at the meeting                    53.13%



Resolution proposed                                                         For           Against      Abstain*

Ordinary Resolution 1:

To adopt the Company’s Annual Report for the year ended 31                  403,949,601   -            74,149
December 2015.                                                              100.00%       0.00%        0.01%

Ordinary Resolution 2:

To re-elect Lumkile Mondi, who is retiring by rotation, as a Director of    403,949,601   -            74,149
the Company.                                                                100.00%       0.00%        0.01%

Ordinary Resolution 3:

To re-elect Martin Tolcher, who is retiring by rotation, as a Director of   332,213,050   71,620,699   190,001
the Company.                                                                82.26%        17.74%       0.02%

Ordinary Resolution 4:

To elect each of Martin Tolcher (subject to his re-election as a            315,070,529   88,763,220   190,001
Director pursuant to ordinary resolution 3), Clive Harris and Stuart
Platt-Ransom to the Company’s Audit Committee.                              78.02%        21.98%       0.02%

Ordinary Resolution 5:

To reappoint Saffery Champness as the Company’s auditor (until the          403,949,601   -            74,149
conclusion of the 2017 annual general meeting) and to authorise the
Directors to fix their remuneration.                                        100.00%       0.00%        0.01%

Non-binding advisory vote:

To endorse the Company’s Remuneration Policy (as set out within the         346,030,301   57,919,300   74,149
Remuneration Committee Report).                                             85.66%        14.34%       0.01%

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


Guernsey
29 June 2016

Sponsor
Investec Bank Limited

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