AGM RESULTS (9696D)

TIDMLOND

RNS Number : 9696D

London Mining Plc

23 May 2012

London Mining Plc

Quoted on London AIM (LOND LN)

("London Mining" or the "Company")

23 May 2012

AGM results

The Company announces that all the resolutions put to the Annual General Meeting held at 11.00 am today were passed on a show of hands. The table below gives details of the results of the proxy votes received.

 
 Resolution                                                                   Total Votes   Total Votes   Total Votes 
                                                                                 For *        Against      Withheld ** 
   1. To receive and adopt the Company's Annual Accounts and the Directors' 
    and Auditors Report                                                       67,242,002         0         1,045,823 
                                                                             ------------  ------------  ------------- 
   2. To approve the Directors' Remuneration Report                           46,594,973    15,300,773     6,392,079 
                                                                             ------------  ------------  ------------- 
   3. To re-elect Rachel Rhodes as a Director                                 60,349,621     3,025,115     4,913,089 
                                                                             ------------  ------------  ------------- 
   4. To re-elect Malcolm Groat as a Director                                 58,921,700     6,738,868     2,627,257 
                                                                             ------------  ------------  ------------- 
   5. To elect Colin Harris as a Director                                     61,676,929     5,564,598     1,046,298 
                                                                             ------------  ------------  ------------- 
   6. To re-appoint Deloitte LLP as auditors to the Company                   67,242,002         0         1,045,823 
                                                                             ------------  ------------  ------------- 
   7. To authorise the Directors to fix the auditors' remuneration            67,242,002         0         1,045,823 
                                                                             ------------  ------------  ------------- 
   8. To authorise the Directors to allot shares under Section 551 
    Companies Act 2006                                                        66,548,686      692,841      1,046,298 
                                                                             ------------  ------------  ------------- 
   9. To disapply pre-emption rights under Section 570 Companies Act 2006     66,064,471     1,177,034     1,046,320 
                                                                             ------------  ------------  ------------- 
   10. To authorise the Company to purchase its own Ordinary Shares           67,241,527        475        1,045,823 
                                                                             ------------  ------------  ------------- 
   11. To authorise the Company and any of its subsidiaries to make 
    political donations                                                       66,330,964      908,863      1,047,998 
                                                                             ------------  ------------  ------------- 
   12. To amend the rules of the London Mining Plc No. 1 Share Option Plan, 
    the London Mining 
    Plc No. 2 Share Option Plan and the London Mining Plc HM Revenue & 
    Customs Approved Company 
    Share Option Plan                                                         65,659,493       1,000       2,627,332 
                                                                             ------------  ------------  ------------- 
   13. To adopt the London Mining Plc Deferred Bonus Plan                     67,240,430       1,000       1,046,395 
                                                                             ------------  ------------  ------------- 
   14. To amend the limit on Directors' fees                                  66,719,580       7,797       1,560,448 
                                                                             ------------  ------------  -------------

* Includes discretionary votes

** A vote withheld is not treated as a vote in law and would not be counted in the calculation of the proportion of the votes cast for or against a resolution

Defined terms used in this announcement shall have the meanings set out in the AGM Circular.

For more information please visit www.londonmining.co.uk or contact:

 
 London Mining Plc 
  Graeme Hossie, Chief Executive Officer 
  Rachel Rhodes, Chief Financial Officer 
  Thomas Credland, Head of Investor Relations    +44 (0)20 7408 7500 
 Liberum Capital (Nominated Advisor/Broker) 
  Clayton Bush / Christopher Kololian            +44 (0)20 3100 2000 
 J.P. Morgan Cazenove (Broker) 
  Neil Passmore / Ignacio Borrell                +44 (0)20 7742 4000 
 Brunswick Group 
  Carole Cable / Rosheeka Field                  +44 (0)20 7404 5959

About London Mining

London Mining is focused on identifying, developing and operating mines to become a mid-tier supplier to the global steel industry. London Mining is producing high specification iron ore from its Marampa mine in Sierra Leone and developing two other iron ore mines in Greenland and Saudi Arabia as well as a coking operation in Colombia. All London Mining's assets have deliverable production with potential for expansion. The Company listed on AIM in London on 6 November 2009. It trades under the symbols LOND.L (Reuters) and LOND LN (Bloomberg). More information about London Mining can be found at www.londonmining.co.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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