Coal of Africa Limited Results of Annual General Meeting (4802X)

TIDMCZA

RNS Number : 4802X

Coal of Africa Limited

24 November 2017

ANNOUNCEMENT 24 November 2017

RESULTS OF ANNUAL GENERAL MEETING

The Directors of the Coal of Africa Limited (the "Company" or "CoAL") are pleased to announce that at the Annual General Meeting of Shareholders held earlier today, the resolutions put to the meeting was passed unanimously by a show of hands.

In accordance with Australian Stock Exchange Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act 2001, the Company hereby provides the following information on proxy votes received for each resolution:

 
                                                     For          Against     Proxy Discretion    Abstain    Excluded 
---------------------------------------------  --------------  ------------  -----------------  ----------  ---------- 
 Resolution 1: Adoption of Remuneration 
  Report                                        1,362,007,230   133,625,897       143,916        2,084,356   2,196,058 
---------------------------------------------  --------------  ------------  -----------------  ----------  ---------- 
 Resolution 2: Re-election of Director - De 
  Wet Schutte                                   1,496,200,582    1,018,604        968,915        1,869,356       - 
---------------------------------------------  --------------  ------------  -----------------  ----------  ---------- 
 Resolution 3: Re-election of Director - 
  Rudolph Torlage                               1,496,637,264     581,922         968,915        1,869,356       - 
---------------------------------------------  --------------  ------------  -----------------  ----------  ---------- 
 Resolution 4: Re-election of Director - 
  Andrew Mifflin                                1,496,638,947     580,239         968,915        1,869,356       - 
---------------------------------------------  --------------  ------------  -----------------  ----------  ---------- 
 Resolution 5: Grant of Performance Rights to 
  Director - David Brown                        1,496,296,448    1,259,402        140,916        1,535,692    824,999 
---------------------------------------------  --------------  ------------  -----------------  ----------  ---------- 
 Resolution 6: Grant of Performance Rights to 
  Director - De Wet Schutte                     1,496,292,556    1,261,068        965,915        1,537,918       - 
---------------------------------------------  --------------  ------------  -----------------  ----------  ---------- 
 Resolution 7: Grant of Performance Rights to 
  Director - David Brown                         998,758,421    498,782,647       153,232        1,538,158    824,999 
---------------------------------------------  --------------  ------------  -----------------  ----------  ---------- 
 Resolution 8: Grant of Performance Rights to 
  Director - De Wet Schutte                      998,757,277    498,780,647       977,815        1,541,718       - 
---------------------------------------------  --------------  ------------  -----------------  ----------  ---------- 
 Resolution 9: Consolidation of ordinary 
  shares                                        1,496,098,225    1,026,752        980,815        1,951,665       - 
 Resolution 10: Approval for Change of 
  Company Name                                  1,496,658,289     892,297         980,815        1,526,056       - 
---------------------------------------------  --------------  ------------  -----------------  ----------  ---------- 
 

The Company reminds shareholders that due to the divergent treatment of changes to CoAL's International Securities Identification Number (ISIN) arising from the share consolidation and name change resolutions, shares on the United Kingdom register will be suspended from Tuesday 28 November 2017 to Wednesday 6 December 2017. During this period Computershare will be unable to transfer any shares between the Australian, United Kingdom and South African registers and shareholders are advised to consult with their investment advisors should they have any queries regarding the process.

AUTHORISED BY:

Tony Bevan

Company Secretary

For more information contact:

 
                   Chief Executive                              +27 10 003 
 David Brown        Officer              Coal of Africa          8000 
                   Chief Financial                              +27 10 003 
 De Wet Schutte     Officer              Coal of Africa          8000 
                                                                +27 10 003 
 Stephen Rowse     Business Executive    Coal of Africa          8000 
                                         Endeavour Corporate    [phone] 
 Tony Bevan        Company Secretary      Services               9100 
 

Company advisors:

 
 Ross Allister/            Nominated Adviser    Peel Hunt          +44 20 
  Richard Crichton          and Broker           LLP                7418 8900 
 Jos Simson/ Barney 
  Hayward/ Annabel         Financial PR                            +44 20 
  de Morgan                 (United Kingdom)    Tavistock           7920 3150 
 
 Charmane Russell/Olwen    Financial PR         R&A Strategic      +27 11 
  Auret                     (South Africa)       Communications     880 3924 
                                                                    or 
                                                                    +27 82 
                                                                    372 5816 
 

Investec Bank Limited is the nominated JSE Sponsor

About CoAL:

CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoAL's key projects include the Uitkomst Colliery, Makhado Project (coking and thermal coal), Vele Colliery (coking and thermal coal) and the Greater Soutpansberg Projects (MbeuYashu).

This announcement is inside information for the purposes of article 7 of EU Regulation 596/2014.

Forward-Looking Statements

This Announcement, including information included or incorporated by reference in this Announcement, may contain "forward-looking statements" concerning CoAL that are subject to risks and uncertainties. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond CoAL's ability to control or estimate precisely, such as future market conditions, changes in regulatory environment and the behaviour of other market participants. CoAL cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward looking statements. CoAL assumes no obligation and do not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.

Statements of intention

Statements of intention are statements of current intentions only, which may change as new information becomes available or circumstances change.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 24, 2017 07:15 ET (12:15 GMT)