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CRD - Central Rand Gold Limited - Results of annual general meeting

Release Date: 28/06/2010 17:47:16      Code(s): CRD
CRD - Central Rand Gold Limited - Results of annual general meeting             
Central Rand Gold Limited                                                       
("Central Rand Gold" or "CRG" or the "company")                                 
(Incorporated as a company with limited liability under the laws of Guernsey,   
Company Number 45108)                                                           
(Incorporated as an external company with limited liability under the laws of   
South Africa, registration number 2007/019223/10)                               
ISIN: GG00B24HM601                                                              
Share code on LSE: CRND                                                         
Share code on JSE: CRD                                                          
RESULTS OF ANNUAL GENERAL MEETING                                               
The Company is pleased to announce that at its Annual General Meeting held at   
11.00 a.m. on 28 June 2010 (UK time), all of the Resolutions proposed by the    
Directors were passed by shareholders.                                          
At the AGM the following resolutions were put to the meeting as ordinary        
resolutions:                                                                    
1    To receive and consider the Company`s annual accounts for the financial    
    year ended 31 December 2009 together with the directors` and auditors`      
    reports on the annual accounts.                                             
2    To re-appoint KPMG LLP as auditors to the Company to hold office from the  
    conclusion of the meeting until the conclusion of the next meeting at which 
    accounts are laid before the Company and to authorise the directors to fix  
    their remuneration.                                                         
3    To elect Patrick Malaza as a director of the Company who was appointed     
    after the last Annual General Meeting in accordance with Article 16.7 of    
    the Articles of the Company (the "Articles") and being eligible offers      
    himself for election.                                                       
4    To elect Jerome Brauns as a director of the Company who was appointed after
    the last Annual General Meeting in accordance with Article 16.7 of the      
    Articles and being eligible offers himself for election.                    
5    To re-elect Johan du Toit as a director of the Company who retires by      
rotation in accordance with Article 16.6 of the Articles and being eligible 
    offers himself for re-election.                                             
6    To re-elect Miklos Salamon as a director of the Company who retires by     
    rotation in accordance with Article 16.6 of the Articles and being eligible 
offers himself for re-election.                                             
7    To approve the grant of a maximum of 300,000 shares in the Company         
    ("Shares") from Carey Pensions and Benefits Limited, the trustees of the    
    CRG Benefit Trust, to Jerome Brauns at a price of GBP0.01 per Share to be   
transferred as follows:                                                     
    .a)  100,000 Shares on the date this resolution is passed by the            
         Shareholders in general meeting;                                       
    .b)  100,000 Shares on the first anniversary of the date Jerome Brauns      
became a director of the Company; and                                  
    .c)  100,000 Shares on the second anniversary of the date Jerome Brauns     
         became a director of the Company.                                      
    The following resolution was put to the meeting as an extraordinary         
resolution:                                                                 
8    THAT the directors be and are hereby empowered to allot equity securities  
    wholly for cash pursuant to the authority conferred by Article 4.1 and      
    Article 10.6 of the Articles as if Article 10.1 of the Articles did not     
apply to any such allotment, provided that this power shall be limited to   
    the allotment of equity securities:                                         
    .a)  in connection with an offer of such securities by way of rights to     
         holders of shares in proportion (as nearly as may be practicable) to   
their respective holdings of such shares, but subject to such          
         exclusions or other arrangements as the directors may deem necessary   
         or expedient in relation to fractional entitlements or any legal or    
         practical problems under the laws of any territory, or the             
requirements of any regulatory body or stock exchange or otherwise;    
         and                                                                    
    .b)  otherwise than and in addition to pursuant to sub-paragraph (a) of     
         this resolution up to a maximum aggregate nominal amount equal to      
GBP135,805 (being approximately 5 per cent. of the issued share        
         capital of the Company as at 29 April 2010);                           
                                                                                
    and provided that this authority shall expire on the 15 month anniversary   
of the date of this resolution or on the conclusion of the Company`s next   
    general meeting if earlier save that the Company may, before such expiry    
    make an offer or agreement which would or might require equity securities   
    to be allotted after such expiry and the directors may allot equity         
securities in pursuance of any such offer or agreement notwithstanding that 
    the power conferred hereby has expired and in this resolution the           
    expression ``equity securities`` and references to the "allotment of equity 
    securities" shall bear the same respective meanings as in Article 1.1 of    
the Articles.                                                               
The proxy votes cast before the meeting were as follows:-                       
Resolution  For                    Against                   Withheld           
           Number        %        Number        %           Number              
1           54,933,820    99.32    377,861       0.68        478,766            
2           55,790,449    100                                                   
3           55,790,449    100                                                   
4           41,304,897    94.57    2,370,627     5.43        12,114,925         
5           55,790,449    100                                                   
6           48,943,858    95.38    2,370,627     4.62        4,475,964          
7           50,014,551    89.68    5,755,441     10.32       20,456             
8           45,857,565    82.23    9,912,428     17.77       20,456             
Issued ordinary share capital as at 28 June 2010: 271,611,610                   
28 June 2010                                                                    
Johannesburg                                                                    
Sponsor                                                                         
Macquarie First South Advisers (Pty) Ltd                                        
For further information, please contact:                                        
Central Rand Gold                                   +27 (0) 11 551 4000         
Johan du Toit / Patrick Malaza                                                  
Evolution Securities Limited                        +44 (0) 20 7071 4300        
Simon Edwards / Chris Sim / Neil Elliot                                         
Macquarie First South Advisers (Pty) Ltd            +27 (0) 11 583 2000         
Annerie Britz /Melanie de Nysschen /                                            
Manisha Ramlakhan                                                               
Buchanan Communications                             +44 (0) 20 7466 5000        
Bobby Morse / Katharine Sutton                                                  
Jenni Newman Public Relations (Pty) Ltd             +27 (0) 11 506 7300         
Jenni Newman / Megann Outram                                                    
Date: 28/06/2010 17:47:15 Supplied by www.sharenet.co.za                     
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