Pan African Resources PLC Result of AGM

 
TIDMPAF 
 
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: [phone] 
 
 
 
 
Sholto Simpson                         Matthew Armitt / Ross Allister 
 
One Capital                            Peel Hunt LLP 
 
JSE Sponsor                            Joint Broker 
 
Office: + 27 (0) 11 550 5009           Office: [phone] 
 
 
 
 
Julian Gwillim                         Daniel Thöle 
 
Aprio Strategic Communications         Bell Pottinger PR 
 
Public & Investor Relations SA         Public & Investor Relations UK 
 
Office: [phone]             Office: + 44 (0) 203 772 2500 
 
 
 
Jeffrey Couch / Neil Haycock / Thomas Rider 
BMO Capital Markets Limited 
Joint Broker 
Office: [phone] 
 
www.panafricanresources.com 
 
 
 
END 
 

(END) Dow Jones Newswires

November 25, 2016 09:30 ET (14:30 GMT)