Gem Diamonds Limited Result of AGM (3724Q)

TIDMGEMD

RNS Number : 3724Q

Gem Diamonds Limited

05 June 2018

5 June 2018

GEM DIAMONDS LIMITED

("Gem Diamonds" or 'the Company')

RESULT OF ANNUAL GENERAL MEETING

At the Company's Annual General Meeting held at Linklaters LLP, One Silk Street London EC2Y 8HQ, on the 5th June 2018 at 09.30am. All resolutions were decided by poll.

All the resolutions were duly passed. The results of the poll incorporating proxy votes lodged in advance of the meeting are set out below: -

 
                                      FOR                AGAINST 
                                    (% of                  (% of 
 ORDINARY                          shares                 shares 
  RESOLUTIONS               FOR    voted)      AGAINST    voted)     WITHHELD 
-----------------  ------------  --------  -----------  --------  ----------- 
 
 RESOLUTION 
  1 
  Report and 
  Accounts          116,526,156    99.62%      449,751     0.38%    1,286,457 
-----------------  ------------  --------  -----------  --------  ----------- 
 RESOLUTION 
  2 
  Annual Report 
  on Directors' 
  Remuneration      104,469,202    98.49%    1,598,639     1.51%   12,194,523 
-----------------  ------------  --------  -----------  --------  ----------- 
 RESOLUTION 
  3 
  Re-appointment 
  of Auditors       104,330,293    96.70%    3,558,608     3.30%   10,373,463 
-----------------  ------------  --------  -----------  --------  ----------- 
 RESOLUTION 
  4 
  Remuneration 
  of Auditors       116,975,908    98.91%    1,286,457     1.09%            0 
-----------------  ------------  --------  -----------  --------  ----------- 
 RESOLUTION 
  5 
  Election 
  of Mr Harry 
  Kenyon-Slaney 
  as a Director     113,457,458    96.11%    4,597,306     3.89%      207,600 
-----------------  ------------  --------  -----------  --------  ----------- 
 RESOLUTION 
  6 
  Election 
  of Mr Mike 
  Brown as 
  a Director        118,262,365   100.00%            0     0.00%            0 
-----------------  ------------  --------  -----------  --------  ----------- 
 RESOLUTION 
  7 
  Re-election 
  of Mr Michael 
  Lynch-Bell 
  as a Director     112,724,875    95.32%    5,537,489     4.68%            0 
-----------------  ------------  --------  -----------  --------  ----------- 
 RESOLUTION 
  8 
  Re-election 
  of Mr Clifford 
  Elphick as 
  a Director        105,631,812    89.32%   12,630,553    10.68%            0 
-----------------  ------------  --------  -----------  --------  ----------- 
 RESOLUTION 
  9 
  Re-election 
  of Mr Michael 
  Michael as 
  a Director        118,099,376    99.86%      162,989     0.14%            0 
-----------------  ------------  --------  -----------  --------  ----------- 
 RESOLUTION 
  10 
  Authority 
  to allot 
  shares            108,328,858    91.60%    9,933,507     8.40%            0 
-----------------  ------------  --------  -----------  --------  ----------- 
 SPECIAL RESOLUTIONS 
----------------------------------------------------------------  ----------- 
 
 RESOLUTION 
  11 
  Disapplication 
  of standard 
  pre-emption 
  rights            108,328,845    91.60%    9,933,520     8.40%            0 
-----------------  ------------  --------  -----------  --------  ----------- 
 RESOLUTION 
  12 
  Disapplication 
  of additional 
  pre-emption 
  rights            106,032,253    89.66%   12,230,111    10.34%            0 
-----------------  ------------  --------  -----------  --------  ----------- 
 RESOLUTION 
  13 
  Purchase 
  of own shares     115,991,113    98.08%    2,271,251     1.92%            0 
-----------------  ------------  --------  -----------  --------  ----------- 
 

1. All resolutions were passed.

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

3. A "Vote withheld" is not a vote in law and is not counted in the calculation of the % of shares voted "For" or "Against" a resolution.

4. The total voting rights of the Company on 5 June 2018 is 138,737,444 Ordinary Shares of US$ 0.01 each. The Company holds no Ordinary Shares in Treasury.

5. In accordance with LR 9.6.2, copies of the resolutions passed as special business will be submitted to the National Storage Mechanism website and will be available for inspection at www.morningstar.co.uk/uk/NSM.

6. These poll results will be available shortly on the Company's website www.gemdiamonds.com

The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.

For further information:

Gem Diamonds Limited

Susan Wallace, Company Secretarial department

Tel: [phone]

[e-mail]

Celicourt Communications

Mark Antelme/Jimmy Lea

Tel: [phone]

ABOUT GEM DIAMONDS:

Gem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho and 100% of the Ghaghoo mine in Botswana. The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world. www.gemdiamonds.com

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END

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June 05, 2018 08:57 ET (12:57 GMT)