PAN AFRICAN RESOURCES PLC - Results of annual general meeting

Release Date: 25/11/2016 16:30
Code(s): PAN
 
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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, 25 November 2016, all the ordinary and special resolutions, as
set out in the notice of AGM dated 20 September 2016, 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 1,943,206,554. The
highest number of shares voted in person or by proxy was 1,481,855,576 representing
76.26% 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:


Ordinary resolution number 1: To receive and adopt the directors’ report, the audited
statement of accounts and the auditors’ report for the year ended 30 June 2016

Shares Voted           Abstained              For                    Against

1,464,834,235          17,094,631
75.38%                 0.88%                  99.99%                 0.01%


Ordinary resolution number 2: To approve the payment of a final dividend for the year
ended 30 June 2016*

Shares Voted           Abstained              For                    Against

1,481,855,576          73,290
76.26%                 0.004%                 100%                   0.00%

*Shareholders are referred to the SENS announcement released on 13 October 2016 for the
salient dates and conversion rate details of the final dividend.


Ordinary resolution number 3: To re-elect Mrs HH Hickey as a director of the Company

Shares Voted           Abstained              For                    Against

1,464,978,996          16,949,870
75.39%                 0.87%                  99.88%                 0.12%


Ordinary resolution number 4: To re-elect Mr T Mosololi as a director of the Company

Shares Voted          Abstained              For                    Against

1,464,967,701         16,961,165
75.39%                0.87%                  99.88%                 0.12%


Ordinary resolution number 5: To re-elect Mrs HH Hickey as a member of the audit
committee

Shares Voted          Abstained              For                    Against

1,464,978,996         16,949,870
75.39%                0.87%                  98.63%                 1.37%


Ordinary resolution number 6: To re-elect Mr KC Spencer as a member of the audit
committee

Shares Voted          Abstained              For                    Against

1,464,978,996         16,949,870
75.39%                0.87%                  80.99%                 19.01%


Ordinary resolution number 7: To re-elect Mr T Mosololi as a member of the audit
committee

Shares Voted          Abstained              For                    Against

1,464,967,701         16,961,165
75.39%                0.87%                  99.88%                 0.12%


Ordinary resolution number 8: To endorse the Company’s remuneration policy

Shares Voted          Abstained              For                    Against

1,464,708,981         17,216,885
75.38%                0.89%                  85.95%                 14.05%


Ordinary resolution number 9: To re-appoint Deloitte LLP as auditors of the Company and
to authorise the directors to determine their remuneration

Shares Voted           Abstained               For                     Against

1,464,992,727          16,936,139
75.39%                 0.87%                   99.79%                  0.21%


Ordinary resolution number 10: To authorise the directors to allot equity securities

Shares Voted           Abstained               For                     Against

1,461,924,036          20,004,830
75.23%                 1.03%                   69.46%                  30.54%


Special resolution number 11: To approve market purchases of ordinary shares

Shares Voted           Abstained               For                     Against

1,481,740,735          188,131
76.25%                 0.01%                   99.75%                  0.25%


Notes
- Percentages of shares voted are calculated in relation to the total issued share capital of
   Pan African
- Percentages of shares voted for and against are calculated in relation to the total
   number of shares voted for each resolution
- Abstentions are calculated as a percentage in relation to the total issued share capital of
   Pan African


Johannesburg
25 November 2016


CONTACT INFORMATION

Corporate Office
The Firs Office Building
1st Floor, Office 101
Cnr. Cradock and Biermann Avenues
Rosebank, Johannesburg
South Africa
Office: + 27 (0) 11 243 2900
Facsimile: + 27 (0) 11 880 1240

Registered Office
Suite 31
Second Floor
107 Cheapside
London
EC2V 6DN
United Kingdom
Office: + 44 (0) 207 796 8644
Facsimile: + 44 (0) 207 796 8645


Cobus Loots                                   Deon Louw
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                                   John Prior / Paul Gillam
St James's Corporate Services Limited         Numis Securities Limited
Company Secretary                             Nominated Adviser and Joint Broker
Office: + 44 (0) 207 796 8644                 Office: +44 (0) 20 7260 1000

Sholto Simpson                                Matthew Armitt / Ross Allister
One Capital                                   Peel Hunt LLP
JSE Sponsor                                   Joint Broker
Office: + 27 (0) 11 550 5009                  Office: +44 (0) 207 418 8900

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

Jeffrey Couch / Neil Haycock / Thomas Rider
BMO Capital Markets Limited
Joint Broker
Office: +44 (0) 207 236 1010

www.panafricanresources.com

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