Petra Diamonds Limited Results of AGM (3294Q)

TIDMPDL

RNS Number : 3294Q

Petra Diamonds Limited

28 November 2016

 
 28 November 2016   LSE: PDL 
 

Petra Diamonds Limited

("Petra" or "the Company" or "the Group")

Results of Annual General Meeting

Petra Diamonds Limited is pleased to announce that, at its AGM held earlier today, shareholders passed each of the ordinary and special resolutions by the requisite majorities on a poll. The full text of each resolution is contained in the Notice of Annual General Meeting, which is available on the Company's website. The total number of votes cast for each resolution is set out in the table below.

 
        Resolutions               Votes         % of      Votes        %         Total        Total 
                                for (incl.      Votes     against      of        Votes         Votes 
                              discretionary)    cast                  Votes       Cast       Withheld 
                                                                      Cast 
--------------------------  ----------------  -------  -----------  -------  ------------  ----------- 
 1. To receive the 
  Financial Statements 
  of 
  the Company for 
  the year ended 30 
  June 2016, together 
  with the Reports 
  of the Directors 
  and Auditors thereon.        424,818,208      100         0          0      424,818,208     88,217 
--------------------------  ----------------  -------  -----------  -------  ------------  ----------- 
 2. To approve the 
  Directors' Annual 
  Remuneration Report 
  for the year 
  ended 30 June 2016.          404,935,706     98.17    7,529,622     1.83    412,465,328   12,441,097 
--------------------------  ----------------  -------  -----------  -------  ------------  ----------- 
 3. To re-appoint 
  BDO LLP as Auditors 
  to 
  act as such until 
  the conclusion of 
  the 
  next AGM of the 
  Company.                     422,076,207     99.43    2,416,001     0.57    424,492,208    414,217 
--------------------------  ----------------  -------  -----------  -------  ------------  ----------- 
 4. To authorise 
  the Directors of 
  the 
  Company to fix 
  the remuneration 
  of the 
  Auditors.                    424,842,200      100         8          0      424,842,208     64,217 
--------------------------  ----------------  -------  -----------  -------  ------------  ----------- 
 5. To re-appoint 
  Mr Adonis Pouroulis, 
  who retires in 
  accordance with 
  the 
  Company's Bye-Laws, 
  as a Director of 
  the Company.                 407,069,340     96.35    15,419,530    3.65    422,488,870   2,417,555 
--------------------------  ----------------  -------  -----------  -------  ------------  ----------- 
 6. To re-appoint 
  Mr Christoffel Johannes 
  Dippenaar, who 
  retires in accordance 
  with the Company's 
  Bye-Laws, as a 
  Director of the 
  Company.                     424,616,256     99.95     225,952      0.05    424,842,208     64,217 
--------------------------  ----------------  -------  -----------  -------  ------------  ----------- 
 7. To re-appoint 
  Mr James Murry 
  Davidson, who retires 
  in accordance 
  with the Company's 
  Bye-Laws, as a 
  Director of the 
  Company.                     424,616,256     99.95     225,952      0.05    424,842,208     64,217 
--------------------------  ----------------  -------  -----------  -------  ------------  ----------- 
 8. To re-appoint 
  Mr Anthony Carmel 
  Lowrie, who retires 
  in accordance with 
  the Company's Bye-Laws, 
  as a 
  Director of the 
  Company.                     424,664,098     99.96     178,110      0.04    424,842,208     64,217 
--------------------------  ----------------  -------  -----------  -------  ------------  ----------- 
 9. To re-appoint 
  Dr Patrick John 
  Bartlett, 
  who retires in 
  accordance with 
  the 
  Company's Bye-Laws, 
  as a Director 
  of the Company.              424,664,098     99.96     178,110      0.04    424,842,208     64,217 
--------------------------  ----------------  -------  -----------  -------  ------------  ----------- 
 10. To re-appoint 
  Mr Alexander Gordon 
  Kelso Hamilton, 
  who retires in 
  accordance with 
  the Company's 
  Bye-Laws, as a 
  Director of the 
  Company.                     424,663,944     99.96     178,264      0.04    424,842,208     64,217 
--------------------------  ----------------  -------  -----------  -------  ------------  ----------- 
 11. To re-appoint 
  Ms Octavia Matshidiso 
  Matloa, who retires 
  in accordance with 
  the 
  Company's Bye-Laws, 
  as a Director of 
  the 
  Company.                     424,663,090     99.96     179,118      0.04    424,842,208     64,217 
--------------------------  ----------------  -------  -----------  -------  ------------  ----------- 
 12. To authorise 
  the Directors of 
  the 
  Company to allot 
  Relevant Securities 
  within the meaning 
  of Bye-Law 2.4 of 
  the Company's Bye-Laws.      424,836,558      100       4,308        0      424,840,866     65,559 
--------------------------  ----------------  -------  -----------  -------  ------------  ----------- 
 13. To disapply 
  the pre-emption 
  provisions of Bye-Law 
  2.5(a) 
  pursuant to Bye-Law 
  2.6(a)(i) of the 
  Company's Bye-Laws.          424,834,757      100       6,305        0      424,841,062     65,363 
--------------------------  ----------------  -------  -----------  -------  ------------  ----------- 
 

Notes:

1. Votes "For" and "Against" are expressed as a percentage of votes received.

2. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

3. Total number of ordinary shares in issue as at 5pm on 25 November 2016 was 529,989,968.

In accordance with LR 9.6.2R the full text of resolution 13 has been submitted to the National Storage Mechanism and will be available for inspection at www.Hemscott.com/nsm.do.

Ends

For further information, please contact:

   Petra Diamonds, London                                         Telephone: [phone] 

Cornelia Grant [e-mail]

Salisha Ilyas [e-mail]

Buchanan Telephone: [phone]

(PR Adviser)

   Bobby Morse                                                               [e-mail] 
   Anna Michniewicz                                                       [e-mail] 
   RBC Capital Markets                                               Telephone: [phone] 

(Joint Broker)

   Matthew Coakes                                                         [e-mail] 
   Jonathan Hardy                                                           [e-mail] 

Barclays Telephone: [phone]

(Joint Broker)

Bertie Whitehead [e-mail]

Philip Drake [e-mail]

   BMO Capital Markets                                               Telephone : [phone] 

(Joint Broker)

   Jeffery Couch                                                              [e-mail] 
   Neil Haycock                                                               [e-mail] 

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About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has interests in five producing operations: three underground mines in South Africa (Finsch, Cullinan and Koffiefontein), the Kimberley Operations (including the Kimberley Underground mine and extensive tailings retreatment operations) and one open pit mine in Tanzania (Williamson). It also maintains an exploration programme in Botswana.

Petra has a core objective to steadily increase annual production to ca. 5.3 million carats by FY 2019. The Group has a significant resource base in excess of 300 million carats.

Petra conducts all operations according to the highest ethical standards and will only operate in countries which are members of the Kimberley Process. Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL' and is a constituent of the FTSE4Good Index. For more information, visit the Company's website at www.petradiamonds.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 28, 2016 09:10 ET (14:10 GMT)