TIDMGEMD
RNS Number : 1156B
Gem Diamonds Limited
04 June 2019
4 June 2019
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 4th June 2019 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
(% of shares AGAINST
ORDINARY RESOLUTIONS FOR voted) AGAINST (% of shares voted) WITHHELD
RESOLUTION 1
Report and Accounts 112,481,583 99.99% 6,616 0.01% 1,024,434
RESOLUTION 2
Annual Report on Directors' Remuneration 93,250,698 83.91% 17,881,133 16.09% 2,380,802
RESOLUTION 3
Appointment of Auditor 92,727,789 96.46% 3,399,236 3.54% 17,385,608
RESOLUTION 4
Remuneration of Auditor 112,488,200 99.10% 1,024,434 0.90% 0
RESOLUTION 5
Re-election of Mr Harry Kenyon-Slaney as
a Director 86,955,723 76.60% 26,556,910 23.40% 0
RESOLUTION 6
Re-election of Mr Mike Brown as a
Director 109,272,986 98.32% 1,864,845 1.68% 2,374,802
RESOLUTION 7
Re-election of Mr Michael Lynch-Bell as
a Director 91,446,029 80.56% 22,060,604 19.44% 6,000
RESOLUTION 8
Re-election of Mr Clifford Elphick as a
Director 89,356,069 78.72% 24,156,564 21.28% 0
RESOLUTION 9
Re-election of Mr Michael Michael as a
Director 93,978,961 82.79% 19,533,673 17.21% 0
RESOLUTION 10
Election of Mr Johnny Velloza as a
Director 109,063,726 96.08% 4,448,907 3.92% 0
RESOLUTION 11
Authority to allot shares 96,124,095 84.68% 17,388,539 15.32% 0
SPECIAL RESOLUTIONS
RESOLUTION 12
Disapplication of standard pre-emption
rights 96,124,729 84.68% 17,387,905 15.32% 0
RESOLUTION 13
Disapplication of additional pre-emption
rights 93,749,926 82.59% 19,762,707 17.41% 0
RESOLUTION 14
Purchase of own shares 111,135,331 97.91% 2,377,302 2.09% 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 Company notes the votes received on resolutions 5 and 8
("Re-election of Harry Kenyon-Slaney as a director and re-election
of Clifford Elphick as a director"). In accordance with the UK
Corporate Governance Code, the Company plans to consult with
relevant shareholders to understand the reasons behind the results
on those resolutions and address any concerns they may have. Once
the outcomes of the consultations have been assimilated, an update
will be provided in due course on the views received from such
shareholders and any actions taken.
5. The total voting rights of the Company on 4 June 2019 is
138,956,545 Ordinary Shares of US$ 0.01 each. The Company holds no
Ordinary Shares in Treasury.
6. 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.
7. 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: +44 (0) 203 043 0280
ir@gemdiamonds.com
Celicourt Communications
Mark Antelme/Jimmy Lea
Tel: +44 (0) 207 520 9261
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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