TIDMPDL
16 November 2022 LSE: PDL
Petra Diamonds Limited
("Petra" or the "Company")
Results of Annual General Meeting
Petra Diamonds Limited is pleased to announce that at the Annual General
Meeting (AGM) held earlier today shareholders passed each of the ordinary and
special resolutions by the requisite majorities on a poll.
The full text of each resolution is contained in the Notice of AGM, which is
available on the Company's website at https://www.petradiamonds.com/investors/
shareholders/meetings/.
The total number of votes cast for each resolution is set out in the table
below.
Resolutions Votes for % of Votes % of Total Votes Total
(incl Votes against Votes Cast Votes
discretionary) cast Cast Withheld
Ordinary resolutions
1. To receive the Financial 123,833,089 100.00 0 0.00 123,833,089 187,781
Statements of the Company
for the year ended 30 June
2022, together with the
Reports of the Directors
and Auditors (the 2022
Annual Report).
2. To approve the 122,479,094 98.98 1,264,295 1.02 123,743,389 277,481
Directors' Annual
Remuneration Report for the
year ended 30 June 2022, as
contained in the 2022
Annual Report.
3. To re-appoint BDO LLP as 124,020,218 100.00 472 0.00 124,020,690 180
auditors to hold office
until the conclusion of the
next AGM of the Company.
4. To approve the 105,128,872 84.96 18,614,517 15.04 123,743,389 277,481
amendments to the
Directors' Remuneration
Policy and to the Company's
2021 Performance Share
Plan, increasing the
maximum percentage of
salary over which awards
may be granted to directors
of the Company under the
2021 Performance Share Plan
in respect of the year
ending 30 June 2023 only
5. To authorise the 124,020,297 100.00 393 0.00 124,020,690 180
Directors of the Company to
fix the remuneration of the
auditors.
6. To re-elect Mr Peter 120,263,108 96.97 3,757,582 3.03 124,020,690 180
John Hill, who retires in
accordance with the
Company's Bye-Laws, as a
Director of the Company.
7. To re-elect Mr Richard 124,005,036 99.99 15,654 0.01 124,020,690 180
Neil Duffy, who retires in
accordance with the
Company's Bye-Laws, as a
Director of the Company.
8. To re-elect Mr Jacques 124,005,036 99.99 15,654 0.01 124,020,690 180
Breytenbach, who retires in
accordance with the
Company's Bye-Laws, as a
Director of the Company.
9. To re-elect Ms Varda 119,099,911 96.03 4,920,779 3.97 124,020,690 180
Shine, who retires in
accordance with the
Company's Bye-Laws, as a
Director of the Company.
10. To re-elect Ms Octavia 119,099,911 96.03 4,920,779 3.97 124,020,690 180
Matshidiso Matloa, who
retires in accordance with
the Company's Bye-Laws, as
a Director of the Company.
11. To re-elect Mr Bernard 119,101,872 96.04 4,905,818 3.96 124,007,690 13,180
Robert Pryor, who retires
in accordance with the
Company's Bye-Laws, as a
Director of the Company.
12. To re-elect Ms Deborah 119,099,911 96.03 4,920,779 3.97 124,020,690 180
Gudgeon, who retires in
accordance with the
Company's Bye-Laws, as a
Director of the Company.
13. To re-elect Ms 117,365,333 94.63 6,655,357 5.37 124,020,690 180
Alexandra Watson, who
retires in accordance with
the Company's Bye-Laws, as
a Director of the Company.
14. To re-elect Mr Parag 124,005,036 99.99 15,654 0.01 124,020,690 180
Johannes Bhatt, who retires
in accordance with the
Company's Bye-Laws, as a
Director of the Company.
15. To elect Mr Jon Dudas 124,019,997 100.00 693 0.00 124,020,690 180
who was appointed by the
Company's Board of
Directors in accordance
with the Company's Bye-Laws
on 1 March 2022, as a
Director of the Company.
16. To authorise the 103,431,855 83.40 20,588,835 16.60 124,020,690 180
Directors of the Company to
issue and allot Relevant
Securities within the
meaning of Bye-Law 2.4 of
the Company's Bye-Laws up
to an aggregate nominal
amount of £32,366.96 up
until the next AGM of the
Company.
17. That the Bye-Laws of 123,742,558 99.78 278,132 0.22 124,020,690 180
the Company be amended to
increase the quantum of
fees which may be paid to
Non-Executive Directors on
an annual basis to £1m.
18. That the Company's 124,020,265 100.00 425 0.00 124,020,690 180
share premium account be
reduced by $350m with such
amount being credited
against accumulated losses
with the balance being
credited to the Company's
reserves.
Special resolution
19. Subject to the passing 103,482,723 83.44 20,537,967 16.56 124,020,690 180
of resolution 16, to
disapply the pre-emption
provisions of Bye-Law 2.5
(a) pursuant to Bye-Law 2.6
(a)(i) of the Company's
Bye-Laws.
Ends
For further information, please contact:
Petra Diamonds, London Telephone: +44
20 7494 8203
Patrick Pittaway
investorrelations@petradiamonds.com
Julia Stone
About Petra Diamonds Limited
Petra Diamonds is a leading independent diamond mining group and a supplier of
gem quality rough diamonds to the international market. The Company's portfolio
incorporates interests in three underground producing mines in South Africa
(the Finsch, Cullinan and Koffiefontein Mines) and one open pit mine in
Tanzania (Williamson).
Petra's strategy is to focus on value rather than volume production by
optimising recoveries from its high-quality asset base in order to maximise
their efficiency and profitability. The Group has a significant resource base
of 226.6 million carats, which supports the potential for long-life operations.
Petra strives to conduct all operations according to the highest ethical
standards and only operates in countries which are members of the Kimberley
Process. The Company aims to generate tangible value for each of its
stakeholders, thereby contributing to the socio-economic development of its
host countries and supporting long-term sustainable operations to the benefit
of its employees, partners and communities.
Petra is quoted with a premium listing on the Main Market of the London Stock
Exchange under the ticker 'PDL'. The Company's loan notes due in 2026 are
listed on the Irish Stock Exchange and admitted to trading on the Global
Exchange Market. For more information, visit www.petradiamonds.com.
END
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