Result of General Meeting
October 14 2010 - 5:30AM
UK Regulatory
TIDMCZA
RNS Number : 3862U
Coal of Africa Limited
14 October 2010
14 October 2010
RESULTS OF 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 at the General Meeting of Shareholders held earlier today:
1. Adoption of Constitution
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: | 212,205,052 | 99.67 | 40.00 |
+----------------+--------------+--------------+--------------+
| Against: | 268,050 | 0.13 | 0.05 |
+----------------+--------------+--------------+--------------+
| Abstain: | 404,198 | 0.19 | 0.08 |
+----------------+--------------+--------------+--------------+
| Discretionary: | 34,092 | 0.02 | 0.01 |
+----------------+--------------+--------------+--------------+
| TOTAL | 212,911,392 | 100.00 | 40.13 |
+----------------+--------------+--------------+--------------+
2. Adoption of 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: | 131,127,392 | 61.59 | 24.72 |
+----------------+--------------+--------------+--------------+
| Against: | 81,604,612 | 38.33 | 15.38 |
+----------------+--------------+--------------+--------------+
| Abstain: | 165,774 | 0.08 | 0.03 |
+----------------+--------------+--------------+--------------+
| Discretionary: | 13,614 | 0.01 | 0.00 |
+----------------+--------------+--------------+--------------+
| TOTAL | 212,911,392 | 100.00 | 40.13 |
+----------------+--------------+--------------+--------------+
3. Increase in Directors' Fees
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: | 105,223,385 | 49.42 | 19.83 |
+----------------+--------------+--------------+--------------+
| Against: | 105,033,311 | 49.33 | 19.80 |
+----------------+--------------+--------------+--------------+
| Abstain: | 2,653,082 | 1.25 | 0.50 |
+----------------+--------------+--------------+--------------+
| Discretionary: | 1,614 | 0.00 | 0.00 |
+----------------+--------------+--------------+--------------+
| TOTAL | 212,911,392 | 100.00 | 40.13 |
+----------------+--------------+--------------+--------------+
4. Grant of Options to David Murray
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: | 171,472,931 | 80.54 | 32.32 |
+----------------+--------------+--------------+--------------+
| Against: | 38,777,265 | 18.21 | 7.31 |
+----------------+--------------+--------------+--------------+
| Abstain: | 2,639,254 | 1.24 | 0.50 |
+----------------+--------------+--------------+--------------+
| Discretionary: | 21,942 | 0.01 | 0.00 |
+----------------+--------------+--------------+--------------+
| TOTAL | 212,911,392 | 100.00 | 40.13 |
+----------------+--------------+--------------+--------------+
5. Ratification of Issue of 50,000,000 Shares at an Issue Price of GBP1.10
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: | 136,812,968 | 64.26 | 25.79 |
+----------------+--------------+--------------+--------------+
| Against: | 75,576,768 | 35.50 | 14.25 |
+----------------+--------------+--------------+--------------+
| Abstain: | 492,514 | 0.23 | 0.09 |
+----------------+--------------+--------------+--------------+
| Discretionary: | 29,142 | 0.01 | 0.01 |
+----------------+--------------+--------------+--------------+
| TOTAL | 212,911,392 | 100.00 | 40.13 |
+----------------+--------------+--------------+--------------+
Yours faithfully
Shannon Coates
Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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