Namakwa Diamonds Limited Result of AGM (1374X)

TIDMNAD

RNS Number : 1374X

Namakwa Diamonds Limited

05 February 2013

5 February 2013

Namakwa Diamonds Limited (LSE: NAD)

("Namakwa" or the "Company")

Results of the 2013 Annual General Meeting

The Company is pleased to announce the results of its Annual General Meeting of Shareholders held in Cape Town, South Africa on Monday 4 February 2013 at 5pm (South African time). Resolutions 1 to 12 were proposed as ordinary resolutions and Resolutions 13 to 15 were proposed as special resolutions.

 
 Resolutions                               Votes        %         Votes        %       Votes        % 
                                            For                  Against              Withheld 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 1. To receive and adopt 
  the Annual Report and Accounts 
  of the Company for the year 
  ended 31 August 2012.                 866,675,113   100.00             -       -           -          - 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 2. To approve the Directors' 
  Remuneration Report for 
  the financial year ended 
  31 August 2012.                       866,435,113    99.97       240,000    0.03           -          - 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 3. To elect Melissa Sturgess 
  as a Director.                        866,675,113   100.00             -       -           -          - 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 4. To elect Robert Reid 
  as a Director.                        866,435,113    99.97       240,000    0.03           -          - 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 5. To elect Vladimir Kravets 
  as a Director.                        866,435,113    99.97       240,000    0.03           -          - 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 6. To elect Theo Botoulas 
  as a Director.                        866,675,113   100.00             -       -           -          - 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 7. To elect Craig Campbell 
  as a Director.                        866,675,113   100.00             -       -           -          - 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 8. To elect Marthinus Mulder 
  as a Director.                        866,675,113   100.00             -       -           -          - 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 9. To elect Gerard Holden 
  as a Director.                        866,435,113    99.97       240,000    0.03           -          - 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 10. To appoint Deloitte 
  & Touche as auditors of 
  the Company and to authorise 
  the Audit, Risk & Compliance 
  Committee to determine their 
  remuneration.                         866,429,821    99.97             -       -     245,292       0.03 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 11. To approve that the 
  Directors be authorised 
  to allot up to 1,431,837 
  ordinary shares of US$0.000625 
  each in connection with 
  the acquisition or the financing 
  of the acquisition of up 
  to 1,431,837 "A" Preference 
  Shares in the capital of 
  Namakwa Diamond Holdings 
  (Pty) Limited.                         36,759,330     4.24   829,675,783   95.73     240,000       0.03 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 12. To authorise the Directors 
  to allot relevant securities 
  (as defined in the Company's 
  Bye-laws) and to allot equity 
  securities (as defined in 
  the Company's Bye-laws) 
  by way of a rights issue.              36,754,038     4.24   829,675,783   95.73     245,292       0.03 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 13. To authorise the disapplication 
  of pre-emption rights (as 
  defined in the Company's 
  Bye-laws) in respect of 
  the allotment referred to 
  in Resolution 11.                      36,754,038     4.24   829,675,783   95.73     245,292       0.03 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 14. To authorise the disapplication 
  of pre-emption rights (as 
  defined in the Company's 
  Bye-laws) in respect of 
  the allotment referred to 
  in Resolution 12.                      36,994,038     4.27   829,681,075   95.73           -          - 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 15. To renew the authority 
  of the Directors to purchase 
  the Company's ordinary shares 
  in the market.                         36,994,038     4.27   829,675,783   95.73       5,292          - 
-------------------------------------  ------------  -------  ------------  ------  ----------  --------- 
 

Notes to the disclosure

Any proxy appointments which gave discretion to the Chairman have been included in the "For" total. A vote withheld is not a vote in law and is not counted in the calculation of proportion of votes "For" or "Against" a resolution. Unless the context otherwise requires, terms defined in the circular published by the Company in respect of the Annual General Meeting (and available on the Company's website) have the same meaning in this announcement.

For further information please visit www.namakwadiamonds.com or contact:

   Namakwa Diamonds                                   Shore Capital 
   Theo Botoulas          [phone]                Pascal Keane  [phone] 

Tavistock Communications

   Simon Hudson/Kelsey Traynor         [phone] 

About Namakwa Diamonds Limited

Namakwa is a diamond resource group, which seeks to extract maximum value from the marketing and sale of Group mined and contracted production.

The Group's mining activities are focused on the Kao mine in Lesotho. Operated by Storm Mountain Diamonds, the Kao Main Pipe Complex represents a resource endowment of c.183Mt of kimberlite ore containing c.11.6M carats ("cts") (3.3Mcts Indicated and 8.3Mcts at Inferred levels of confidence), with an additional c.1.7Mcts at a Deposit level of confidence, in which Namakwa holds a 62.5% interest. The other shareholders are the Government of Lesotho (25%) and Kimberlite Investments Lesotho Limited (12.5%).

The Group also maintains alluvial mining operations in the North West Province of South Africa and resource-development and exploration assets in the Northern Cape Province of South Africa and in the offshore marine environment of Namibia. These combined resources add a further c.6.9Mcts at Indicated and Inferred levels of confidence to the Group's Global Resource Inventory which stands at 18, 535, 700 carats as at 31 August 2012.

Namakwa is listed on the AIM market of the London Stock Exchange under the ticker symbol NAD.

-ends-

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