| Mon 30 Nov 2009, 11:12 | | CZA - Coal of Africa Limited - Results of annual general meeting |
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CZA
CZA
CZA - Coal of Africa Limited - Results of annual general meeting
Coal of Africa Limited
(previously, "GVM Metals Limited")
(Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
ISIN AU000000CZA6
JSE / ASX Share codes: CZA
("CoAL" or the "Company")
RESULTS OF ANNUAL GENERAL MEETING
In accordance with ASX Listing Rule 3.13.2 and Section 251AA(2) of the
Australian Corporations Act, CoAL wishes to advise the following outcome of
resolutions put to the annual general meeting of shareholders held earlier
today, Monday, 30 November 2009:
Resolution 1: Remuneration Report
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
Number % of Vote % of Issued
Capital
For: 167,783,378 92.92 35.37
Against: 6,929,846 3.84 1.46
Abstain: 5,754,510 3.19 1.21
Discretionary: 92,522 0.05 0.02
Resolution 2: Re-election of Director - Professor Ntshengedzeni Alfred
Nevhutanda
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
Number % of Vote % of Issued
Capital
For: 175,825,060 97.38 37.06
Against: 4,642,674 2.57 0.98
Abstain: 0 0 0
Discretionary: 92,522 0.05 0.02
Resolution 3: Re-election of Director - Mr Hendrik Jacobus Verster
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
Number % of Vote % of Issued
Capital
For: 176,381,776 97.69 37.18
Against: 86,028 0.05 0.02
Abstain: 0 0 0
Discretionary: 92,522 0.05 0.02
Resolution 4: Re-election of Director - Mr Peter Cordin
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
Number % of Vote % of Issued
Capital
For: 180,394,189 99.91 38.02
Against: 58,615 0.03 0.01
Abstain: 15,000 0.01 0
Discretionary: 92,522 0.05 0.02
Resolution 5: Re-election of Director - Mr Steve Bywater
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
Number % of Vote % of Issued
Capital
For: 179,431,412 99.37 37.82
Against: 1,036,392 0.57 0.22
Abstain: 0 0 0
Discretionary: 92,522 0.05 0.02
Resolution 6: Ratification of Issue of 1,990,000 Shares as part consideration
for acquisition of 6% interest in Limpopo Coal Company (Proprietary) Ltd
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
Number % of Vote % of Issued
Capital
For: 179,421,088 99.37 37.82
Against: 1,018,303 0.56 0.21
Abstain: 28,413 0.02 0.01
Discretionary: 92,522 0.05 0.02
Resolution 7: Approval to Issue 5,625,750 Shares as part consideration for
acquisition of a 20% interest in Limpopo Coal Company (Proprietary) Ltd
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
Number % of Vote % of Issued
Capital
For: 178,877,580 99.07 37.70
Against: 1,576,541 0.87 0.33
Abstain: 13,413 0.01 0
Discretionary: 92,522 0.05 0.02
Resolution 8: Coal of Africa Limited Employee Share Option Plan
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
Number % of Vote % of Issued
Capital
For: 178,365,162 98.78 37.60
Against: 2,102,597 1.16 0.44
Abstain: 80,700 0.04 0.02
Discretionary: 11,797 0.01 0
Resolution 9: Grant of Options to Simon Farrell
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
Number % of Vote % of Issued
Capital
For: 168,989,600 93.59 35.62
Against: 5,711,936 3.16 1.20
Abstain: 5,761,198 3.19 1.21
Discretionary: 97,522 0.05 0.02
Resolution 10: Grant of Options to Blair Sergeant
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
Number % of Vote % of Issued
Capital
For: 168,989,600 93.59 35.62
Against: 5,711,936 3.16 1.20
Abstain: 5,761,198 3.19 1.21
Discretionary: 97,522 0.05 0.02
Resolution 11: Ratification of Issue of Shares
The resolution was carried unanimously by a show of hands, and the total number
of proxy votes in respect of validly appointed proxies was as follows:
Number % of Vote % of Issued
Capital
For: 178,822,018 99.04 37.69
Against: 1,039,529 0.58 0.22
Abstain: 20,389 0.01 0
Discretionary: 678,208 0.38 0.14
Authorised by: Shannon Coates
Company secretary
30 November 2009
For more information contact:
Simon Farrell, Managing Director
CZA +61 417 985 383
Peter Bacchus/Alastair Cochran
Morgan Stanley +44(0) 20 7425 8000
Simon Edwards/Chris Sim
Evolution Securities +44(0) 20 7071 4300
Jos Simson/Leesa Peters
Conduit PR +44(0) 20 7429 6603
Melanie de Nysschen/Thembeka Mgoduso
Macquarie First South Advisers +27(11) 583 2000
About CoAL:
Coal of Africa Limited ("CoAL") is an AIM/ASX/JSE listed coal mining and
development company operating in South Africa. CoAL has three key projects
including the 113 million tonne (`mt`) Mooiplaats thermal coal mine, the 656 mt
Vele coking coal project and the 1.3 bn tonne Makhado coking coal project
(including the Rio farm swap).
The Mooiplaats coal mine commenced production in 2008 and is currently ramping
up to produce 2 mtpa. CoAL`s Vele and Makhado coking coal projects are expected
to start production in H1 2010 and 2011 respectively producing an initial 2 mtpa
rising to a combined annual output of 10 mtpa of coking coal.
Johannesburg
30 November 2009
Sponsor
Macquarie First South Advisers (Pty) Limited
Date: 30/11/2009 11:12:05 Produced by the JSE SENS Department.
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