Result of Annual General Meeting

RNS Number : 3106W

Petra Diamonds Limited

27 January 2012

 



 

 

27 January 2012

LSE: PDL

Petra Diamonds Limited

("Petra" or the "Company")

Result of Annual General Meeting

Petra Diamonds Limited today held its Annual General Meeting ("AGM") and is pleased to confirm that all resolutions proposed to shareholders were duly passed. A summary of the proxy voting for the AGM is set out below and is available on the Company's website.

Johan Dippenaar, CEO of Petra, gave a presentation at the AGM and this is also available on the Company's website at www.petradiamonds.com.

Resolutions	Votes for (incl. discretionary)	% of Votes cast	Votes against	% of Votes Cast	Total Votes Cast	Votes Withheld
1.  To receive and adopt the financial statements of the Company for the year ended 30 June 2011, together with the Reports of the Directors and Auditors thereon	321,543,000	99.79	672,437	0.21	322,215,437	19,330,843
2.  To re-appoint BDO LLP as auditors to act as such until the conclusion of the next General Meeting of the Company	341,486,280	99.98	60,000	0.02	341,546,280	0
3.  To authorise the Directors of the Company to fix the remuneration of the auditors	341,410,389	99.98	63,000	0.02	341,473,389	72,891
4.  To re-appoint Mr Adonis Pouroulis, who retires in accordance with the Company's Bye-laws, as a Director of the Company	332,543,571	97.36	9,002,709	2.64	341,546,280	0
5.  To re-appoint Mr Christoffel Johannes Dippenaar, who retires in accordance with the Company's Bye-laws, as a Director of the Company	334,019,451	97.80	7,526,829	2.20	341,546,280	0
6.  To re-appoint Mr David Gary Abery, who retires in accordance with the Company's Bye-laws, as a Director of the Company	334,016,451	97.80	7,529,829	2.20	341,546,280	0
7.  To re-appoint Mr James Murry Davidson, who retires in accordance with the Company's Bye-laws, as a Director of the Company	334,018,951	97.80	7,526,829	2.20	341,545,780	500
8.  To re-appoint Dr Omar Kamal, who retires in accordance with the Company's Bye-laws, as a Director of the Company	332,755,728	98.03	6,672,199	1.97	339,427,927	2,118,353

9.  To re-appoint Dr Patrick John Bartlett, who retires in accordance with the Company's Bye-laws, as a Director of the Company	331,869,651	97.77	7,557,776	2.23	339,427,427	2,118,853
10.        To re-appoint Mr Alexander Gordon Kelso Hamilton, who retires in accordance with the Company's Bye-laws, as a Director of the Company	335,485,934	98.23	6,059,846	1.77	341,545,780	500
11.        To approve and authorise the adoption by the Directors of the Petra Diamonds Limited 2012 Performance Share Plan	313,567,357	97.35	8,542,698	2.65	322,110,055	19,436,225
12.        To authorise the Directors of the Company to allot Relevant Securities within the meaning of Bye-law 2.4 of the Company's Bye-laws	341,539,208	99.99	6,822	0.01	341,546,030	250
13.        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	341,529,208	99.99	17,072	0.01	341,546,280	0

Notes:

1. Votes "For" and "Against" are expressed as a percentage of votes received.

2. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

3. Total number of ordinary shares in issue as at 5pm on 25 January 2012 was 501,351,601. Votes were cast in respect of 68% of shares in issue 341,546,280.

In accordance with LR 9.6.2R the full text of resolution 11 has been submitted to the National Storage Mechanism and will be available for inspection at www.Hemscott.com/nsm.do.

~ Ends ~

For further information, please contact:

Petra Diamonds, London	Telephone: [phone]
Cathy Malins	[e-mail]

Buchanan (PR Adviser)	Telephone: [phone]
Bobby Morse James Strong	[e-mail] [e-mail]

RBC Capital Markets (Sponsor and Joint Broker)	Telephone: [phone]
Joshua Critchley	[e-mail]
Martin Eales	[e-mail]

Canaccord Genuity Limited (Joint Broker)	Telephone: [phone]
Rob Collins	[e-mail]
Andrew Chubb	[e-mail]

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has a well-diversified portfolio, with interests in eight producing mines: seven in South Africa (Finsch, Cullinan, Koffiefontein, Kimberley Underground, Helam, Sedibeng and Star) and one in Tanzania (Williamson).

Petra offers an exceptional growth profile, with a core objective to steadily increase annual production to over 5 million carats by FY 2019. The Group has a major resource base in excess of 300 million carats.

Petra conducts all its operations according to the highest ethical standards and will only operate in countries which are members of the Kimberley Process. Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL'.

For more information, visit the Company's website at www.petradiamonds.com.

 

END

 

 

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