Result of AGM
November 30 2009 - 3:33AM
UK Regulatory
TIDMCZA
RNS Number : 2693D
Coal of Africa Limited
30 November 2009
ANNOUNCEMENT30 NOVEMBER 2009
RESULTS OF ANNUAL GENERAL MEETING
In accordance with Listing Rule 3.13.2 and Section 251AA(2) of the Corporations
Act, Coal of Africa Limited wishes to advise the following outcome of
resolutions put to the Annual General Meeting of shareholders held earlier
today:
Resolution 1: Remuneration Report
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
+-----------------+------------------+------------------+------------------+
| | Number | % of Vote | % of Issued |
| | | | Capital |
+-----------------+------------------+------------------+------------------+
| For: | 167,783,378 | 92.92 | 35.37 |
+-----------------+------------------+------------------+------------------+
| Against: | 6,929,846 | 3.84 | 1.46 |
+-----------------+------------------+------------------+------------------+
| Abstain: | 5,754,510 | 3.19 | 1.21 |
+-----------------+------------------+------------------+------------------+
| Discretionary: | 92,522 | 0.05 | 0.02 |
+-----------------+------------------+------------------+------------------+
Resolution 2: Re-election of Director - Professor Ntshengedzeni Alfred
Nevhutanda
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
+-----------------+------------------+------------------+------------------+
| | Number | % of Vote | % of Issued |
| | | | Capital |
+-----------------+------------------+------------------+------------------+
| For: | 175,825,060 | 97.38 | 37.06 |
+-----------------+------------------+------------------+------------------+
| Against: | 4,642,674 | 2.57 | 0.98 |
+-----------------+------------------+------------------+------------------+
| Abstain: | 0 | 0 | 0 |
+-----------------+------------------+------------------+------------------+
| Discretionary: | 92,522 | 0.05 | 0.02 |
+-----------------+------------------+------------------+------------------+
Resolution 3: Re-election of Director - Mr Hendrik Jacobus Verster
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
+-----------------+------------------+------------------+------------------+
| | Number | % of Vote | % of Issued |
| | | | Capital |
+-----------------+------------------+------------------+------------------+
| For: | 176,381,776 | 97.69 | 37.18 |
+-----------------+------------------+------------------+------------------+
| Against: | 86,028 | 0.05 | 0.02 |
+-----------------+------------------+------------------+------------------+
| Abstain: | 0 | 0 | 0 |
+-----------------+------------------+------------------+------------------+
| Discretionary: | 92,522 | 0.05 | 0.02 |
+-----------------+------------------+------------------+------------------+
Resolution 4: Re-election of Director - Mr Peter Cordin
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
+-----------------+------------------+------------------+------------------+
| | Number | % of Vote | % of Issued |
| | | | Capital |
+-----------------+------------------+------------------+------------------+
| For: | 180,394,189 | 99.91 | 38.02 |
+-----------------+------------------+------------------+------------------+
| Against: | 58,615 | 0.03 | 0.01 |
+-----------------+------------------+------------------+------------------+
| Abstain: | 15,000 | 0.01 | 0 |
+-----------------+------------------+------------------+------------------+
| Discretionary: | 92,522 | 0.05 | 0.02 |
+-----------------+------------------+------------------+------------------+
Resolution 5: Re-election of Director - Mr Steve Bywater
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
+-----------------+------------------+------------------+------------------+
| | Number | % of Vote | % of Issued |
| | | | Capital |
+-----------------+------------------+------------------+------------------+
| For: | 179,431,412 | 99.37 | 37.82 |
+-----------------+------------------+------------------+------------------+
| Against: | 1,036,392 | 0.57 | 0.22 |
+-----------------+------------------+------------------+------------------+
| Abstain: | 0 | 0 | 0 |
+-----------------+------------------+------------------+------------------+
| Discretionary: | 92,522 | 0.05 | 0.02 |
+-----------------+------------------+------------------+------------------+
Resolution 6: Ratification of Issue of 1,990,000 Shares as part consideration
for acquisition of 6% interest in Limpopo Coal Company (Proprietary) Ltd
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
+-----------------+------------------+------------------+------------------+
| | Number | % of Vote | % of Issued |
| | | | Capital |
+-----------------+------------------+------------------+------------------+
| For: | 179,421,088 | 99.37 | 37.82 |
+-----------------+------------------+------------------+------------------+
| Against: | 1,018,303 | 0.56 | 0.21 |
+-----------------+------------------+------------------+------------------+
| Abstain: | 28,413 | 0.02 | 0.01 |
+-----------------+------------------+------------------+------------------+
| Discretionary: | 92,522 | 0.05 | 0.02 |
+-----------------+------------------+------------------+------------------+
Resolution 7: Approval to Issue 5,625,750 Shares as part consideration for
acquisition of a 20% interest in Limpopo Coal Company (Proprietary) Ltd
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
+-----------------+------------------+------------------+------------------+
| | Number | % of Vote | % of Issued |
| | | | Capital |
+-----------------+------------------+------------------+------------------+
| For: | 178,877,580 | 99.07 | 37.70 |
+-----------------+------------------+------------------+------------------+
| Against: | 1,576,541 | 0.87 | 0.33 |
+-----------------+------------------+------------------+------------------+
| Abstain: | 13,413 | 0.01 | 0 |
+-----------------+------------------+------------------+------------------+
| Discretionary: | 92,522 | 0.05 | 0.02 |
+-----------------+------------------+------------------+------------------+
Resolution 8: Coal of Africa Limited Employee Share Option Plan
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
+-----------------+------------------+------------------+------------------+
| | Number | % of Vote | % of Issued |
| | | | Capital |
+-----------------+------------------+------------------+------------------+
| For: | 178,365,162 | 98.78 | 37.60 |
+-----------------+------------------+------------------+------------------+
| Against: | 2,102,597 | 1.16 | 0.44 |
+-----------------+------------------+------------------+------------------+
| Abstain: | 80,700 | 0.04 | 0.02 |
+-----------------+------------------+------------------+------------------+
| Discretionary: | 11,797 | 0.01 | 0 |
+-----------------+------------------+------------------+------------------+
Resolution 9: Grant of Options to Simon Farrell
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
+-----------------+------------------+------------------+------------------+
| | Number | % of Vote | % of Issued |
| | | | Capital |
+-----------------+------------------+------------------+------------------+
| For: | 168,989,600 | 93.59 | 35.62 |
+-----------------+------------------+------------------+------------------+
| Against: | 5,711,936 | 3.16 | 1.20 |
+-----------------+------------------+------------------+------------------+
| Abstain: | 5,761,198 | 3.19 | 1.21 |
+-----------------+------------------+------------------+------------------+
| Discretionary: | 97,522 | 0.05 | 0.02 |
+-----------------+------------------+------------------+------------------+
Resolution 10: Grant of Options to Blair Sergeant
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
+-----------------+------------------+------------------+------------------+
| | Number | % of Vote | % of Issued |
| | | | Capital |
+-----------------+------------------+------------------+------------------+
| For: | 168,989,600 | 93.59 | 35.62 |
+-----------------+------------------+------------------+------------------+
| Against: | 5,711,936 | 3.16 | 1.20 |
+-----------------+------------------+------------------+------------------+
| Abstain: | 5,761,198 | 3.19 | 1.21 |
+-----------------+------------------+------------------+------------------+
| Discretionary: | 97,522 | 0.05 | 0.02 |
+-----------------+------------------+------------------+------------------+
Resolution 11: Ratification of Issue of Shares
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
+-----------------+------------------+------------------+------------------+
| | Number | % of Vote | % of Issued |
| | | | Capital |
+-----------------+------------------+------------------+------------------+
| For: | 178,822,018 | 99.04 | 37.69 |
+-----------------+------------------+------------------+------------------+
| Against: | 1,039,529 | 0.58 | 0.22 |
+-----------------+------------------+------------------+------------------+
| Abstain: | 20,389 | 0.01 | 0 |
+-----------------+------------------+------------------+------------------+
| Discretionary: | 678,208 | 0.38 | 0.14 |
+-----------------+------------------+------------------+------------------+
Yours faithfully
Shannon Coates
Company Secretary
For more information contact:
Simon Farrell, Managing Director CZA +61 417 985 383 or +61 8 9322 6776
Peter Bacchus/ Alastair Cochran Morgan Stanley +44(0) 20 7425 8000
Simon Edwards/ Chris Sim Evolution Securities+44(0) 20 7071
4300
Jos Simson/ Leesa PetersConduit PR +44(0) 20 7429 6603
Melanie de NysschenMacquarie First South Advisers+27(11) 583 2000
About CoAL:
Coal of Africa Limited ("CoAL") is an AIM/ASX/JSE listed coal mining and
development company operating in South Africa. CoAL has three key projects
including the 113 million tonne ('mt') Mooiplaats thermal coal mine, the 656 mt
Vele coking coal project and the 1.3 bn tonne Makhado coking coal project
(including the Rio farm swap).
The Mooiplaats coal mine commenced production in 2008 and is currently ramping
up to produce 2 mtpa. CoAL's Vele and Makhado coking coal projects are expected
to start production in H1 2010 and 2011 respectively producing an initial 2 mtpa
rising to a combined annual output of 10 mtpa of coking coal.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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