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Results of General Meeting & Demerger Update
Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
JSE ISIN: AU0000TAWDA9
Share code on the Australian Securities Exchange Limited: TAW
ASX ISIN: AU000000TAW7
(“the Company” or “Tawana”)
Results of General Meeting & Demerger Update
Results of General Meeting
Tawana Resources NL (ASX: TAW) (“Tawana”) today held a General Meeting of shareholders at
10.30am WST at 38 Station St, Subiaco, Western Australia.
In accordance with ASX Listing Rule 3.13.2, we confirm that each of the following resolutions were
put to the General Meeting and were passed on a poll:
Resolution 1 Authorisation of Disposal of Projects
Resolution 2 Approval of Equal Capital Reduction
Resolution 3 Amendment to Constitution
Information required to be disclosed by the Company in accordance with Section 251AA of the
Corporations Act 2001 is contained in Appendix A of this document.
Demerger Update
As stated in the Notice of Meeting for the General Meeting dated 1 June 2018 (as amended by an
addendum dated 28 June 2018) (Notice), Tawana has sought a class ruling from the Australian
Taxation Office (ATO) on behalf of Shareholders to confirm the taxation outcomes of the Demerger
(as defined in the Notice) (the ATO Ruling).
Tawana has no reason to believe that the ATO will not issue a favourable ATO Ruling once the
Demerger has been implemented. Tawana will communicate further details regarding the outcome
of the ATO Ruling in due course.
Accordingly, following Board and Shareholder approval today, Tawana will now proceed to
implement the capital reduction and the Demerger contemplated in the Notice.
The proposed Record Date (13 July 2018) and the date for distribution of shares in Cowan Lithium
Limited to eligible Shareholders (18 July 2018) remain unchanged. The overall timetable for giving
effect to the Demerger is as follows:
Ex date for the capital reduction for JSE Wednesday, 11 July 2018
(the date on which trading on JSE commences without the
entitlement to participate in the distribution)
Ex date for the capital reduction for ASX Thursday, 12 July 2018
(the date on which Shares commence trading on ASX
without the entitlement to participate in the distribution)
Record Date for capital reduction for both ASX and JSE Friday, 13 July 2018
Completion of Demerger including in specie distribution of Wednesday, 18 July 2018
Cowan Shares to Eligible Shareholders
Share certificates for Cowan Shares are posted to Eligible Monday, 23 July 2018
Shareholders
The above timetable is subject to change at the discretion of the Directors (subject to ASX Listing
Rules) or as may be required by ASX.
For further information please contact +61 8 9489 2600.
The following information is provided in accordance with section 251AA(2) of the Corporations Act
2001 (Cth).
Resolution details Instructions given to validly appointed proxies Number of votes cast on the poll Resolution
(as at proxy close) (where applicable) Result
Resolution Resolution For Against Proxy's Abstain For Against Abstain* Carried/
type Not
Discretion
Carried
1 Authorisation Ordinary 284,077,369 1,039,709 796,123 255,831 288,085,744 1,039,709 255,831 carried
of disposal of 99.36% 0.36% 0.28% 99.64% 0.36%
Projects
2 Approval of Ordinary 284,109,080 1,028,838 771,023 260,091 288,092,355 1,028,838 260,091 carried
equal capital 99.37% 0.36% 0.27% 99.64% 0.36%
reduction
3 Amendment Special 283,735,201 1,145,209 771,023 517,599 287,718,476 1,145,209 517,599 carried
to Constitution 99.33% 0.40% 0.27% 0.40%
Alexei Fedotov
Company Secretary
Tawana Resources NL
06 July 2018
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
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