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 (incl
discretionary) |
% of Votes
cast |
Votes
against |
% of Votes
Cast |
Total Votes
Cast |
Total Votes
Withheld |
Ordinary resolutions |
1. To receive the Financial
Statements of the Company for the year ended 30 June 2022, together
with the Reports of the Directors and Auditors (the 2022 Annual
Report). |
123,833,089 |
100.00 |
0 |
0.00 |
123,833,089 |
187,781 |
2. To approve the Directors’ Annual
Remuneration Report for the year ended 30 June 2022, as contained
in the 2022 Annual Report. |
122,479,094 |
98.98 |
1,264,295 |
1.02 |
123,743,389 |
277,481 |
3. To re-appoint BDO LLP as auditors
to hold office until the conclusion of the next AGM of the
Company. |
124,020,218 |
100.00 |
472 |
0.00 |
124,020,690 |
180 |
4. To approve the 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 |
105,128,872 |
84.96 |
18,614,517 |
15.04 |
123,743,389 |
277,481 |
5. To authorise the Directors of the
Company to fix the remuneration of the auditors. |
124,020,297 |
100.00 |
393 |
0.00 |
124,020,690 |
180 |
6. To re-elect Mr Peter John Hill,
who retires in accordance with the Company’s Bye-Laws, as a
Director of the Company. |
120,263,108 |
96.97 |
3,757,582 |
3.03 |
124,020,690 |
180 |
7. To re-elect Mr Richard Neil
Duffy, who retires in accordance with the Company’s Bye-Laws, as a
Director of the Company. |
124,005,036 |
99.99 |
15,654 |
0.01 |
124,020,690 |
180 |
8. To re-elect Mr Jacques
Breytenbach, who retires in accordance with the Company’s Bye-Laws,
as a Director of the Company. |
124,005,036 |
99.99 |
15,654 |
0.01 |
124,020,690 |
180 |
9. To re-elect Ms Varda Shine, who
retires in accordance with the Company’s Bye-Laws, as a Director of
the Company. |
119,099,911 |
96.03 |
4,920,779 |
3.97 |
124,020,690 |
180 |
10. To re-elect Ms Octavia
Matshidiso Matloa, who retires in accordance with the Company’s
Bye-Laws, as a Director of the Company. |
119,099,911 |
96.03 |
4,920,779 |
3.97 |
124,020,690 |
180 |
11. To re-elect Mr Bernard Robert
Pryor, who retires in accordance with the Company’s Bye-Laws, as a
Director of the Company. |
119,101,872 |
96.04 |
4,905,818 |
3.96 |
124,007,690 |
13,180 |
12. To re-elect Ms Deborah Gudgeon,
who retires in accordance with the Company’s Bye-Laws, as a
Director of the Company. |
119,099,911 |
96.03 |
4,920,779 |
3.97 |
124,020,690 |
180 |
13. To re-elect Ms Alexandra Watson,
who retires in accordance with the Company’s Bye-Laws, as a
Director of the Company. |
117,365,333 |
94.63 |
6,655,357 |
5.37 |
124,020,690 |
180 |
14. To re-elect Mr Parag Johannes
Bhatt, who retires in accordance with the Company’s Bye-Laws, as a
Director of the Company. |
124,005,036 |
99.99 |
15,654 |
0.01 |
124,020,690 |
180 |
15. To elect Mr Jon Dudas 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. |
124,019,997 |
100.00 |
693 |
0.00 |
124,020,690 |
180 |
16. To authorise the 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. |
103,431,855 |
83.40 |
20,588,835 |
16.60 |
124,020,690 |
180 |
17. That the Bye-Laws of the Company
be amended to increase the quantum of fees which may be paid to
Non-Executive Directors on an annual basis to £1m. |
123,742,558 |
99.78 |
278,132 |
0.22 |
124,020,690 |
180 |
18. That the Company’s 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. |
124,020,265 |
100.00 |
425 |
0.00 |
124,020,690 |
180 |
Special resolution |
19. Subject to the passing 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. |
103,482,723 |
83.44 |
20,537,967 |
16.56 |
124,020,690 |
180 |
~ 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.