Result of Annual General Meeting

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: -

ORDINARY RESOLUTIONS	FOR	FOR (% of shares voted)	AGAINST	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: [phone]

[e-mail]

Celicourt Communications

Mark Antelme/Jimmy Lea

Tel: [phone]

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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