Coal of Africa Limited Result of AGM (3356Y)

TIDMCZA

RNS Number : 3356Y

Coal of Africa Limited

28 November 2014

   ANNOUNCEMENT                                                               28 November 2014

Results of Annual General Meeting

The Directors of 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 were passed unanimously by a show of hands.

In accordance with ASX 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      Abstain      Total 
                                                                   Discretion 
 Resolution One 
  Adoption of Remuneration Report      689,352,751   12,825,120   126,258,917    99,663   828,536,451 
                                      ------------  -----------  ------------  --------  ------------ 
 Resolution Two 
  Election of Director - Mr Bernard 
  Pryor                                702,157,856          517   126,258,917   119,163   828,536,453 
                                      ------------  -----------  ------------  --------  ------------ 
 Resolution Three 
  Re-election of Director - Mr 
  Khomotsu Mosehla                     693,935,580    8,222,793   126,258,917   119,163   828,536,453 
                                      ------------  -----------  ------------  --------  ------------ 
 Resolution Four 
  Re-election of Director - Mr 
  Peter Cordin                         693,972,161    8,208,212   126,236,917   119,163   828,536,453 
                                      ------------  -----------  ------------  --------  ------------ 
 Resolution Five 
  Issue of Options to David Brown      692,863,554    9,314,318   126,258,917    99,663   828,536,452 
                                      ------------  -----------  ------------  --------  ------------ 
 Resolution Six 
  Issue of Options to Investec         702,121,191       52,482   126,258,917   103,863   828,536,453 
                                      ------------  -----------  ------------  --------  ------------

Following the approval of shareholders Mr Brown will be issued the first tranche of options under the Company's employee option plan, being 3,525,000 options for nil consideration, at an exercise price of 1.2 South African Rand (approximately 6.9 pence) per Share. The options will become exercisable on 1 February 2015 and expire on 1 February 2019. Mr Brown is also the beneficial owner of 325,000 shares representing 0.02% of the Company's issued share capital.

For more information contact:

 
                   Chief Executive 
 David Brown        Officer              Coal of Africa         +27 10 003 8000 
                   Chief Financial 
 Michael Meeser     Officer              Coal of Africa         +27 10 003 8000 
 Celeste Harris    Investor Relations    Coal of Africa         +27 10 003 8000 
                                         Endeavour Corporate    +61 08 9316 
 Tony Bevan        Company Secretary      Services               9100

Company advisors:

 
                                  Financial PR (United                            +44 20 7920 
 Jos Simson/Emily Fenton           Kingdom)               Tavistock                3150 
 Chris Sim/George Price/Jeremy                            Investec Bank           +44 20 7597 
  Ellis                           Nominated Adviser        plc                     5970 
 Charmane Russell/Jane            Financial PR (South     Russell & Associates    +27 11 880 
  Kamau                            Africa)                                         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 Vele Colliery (coking and thermal coal), the Greater Soutpansberg Project /MbeuYashu, including CoAL's Makhado Project (coking and thermal coal).

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGUWSURSUAAUAA

Coal of Africa (LSE:CZA)
Historical Stock Chart
From Jul 2024 to Jul 2024