| Wed 23 Jun 2010, 16:52 | | EXT - Extract Resources Limited - Results of general meeting |
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EXT - Extract Resources Limited - Results of general meeting
Extract Resources Limited
Registration No. ABN 61 057 337 952
Registered as an external company in Namibia
ISIN Code: AU000000EXT7
NSX Share Code: EXT
Results of General Meeting
Pursuant to ASX listing rule 3.13.2 and s 251AA of the Corporations Act, at the
General Meeting of Shareholders held on 22 June, as set out in the Notice of
Meeting dated 6 May 2010, resolutions 1-3 were passed on a show of hands. A
poll was called by the Chairman for resolutions 4-10 each of which were passed.
Resolution 1: Re-election of Alastair Clayton
To consider and, if thought fit, pass the following resolution as an ordinary
resolution:
"That Alastair Clayton, who was appointed by the Board in accordance with Clause
13.4 of the Company`s Constitution since the last general meeting, retires as a
Director of the
Company and, being eligible, offers himself for re-election, is hereby re-
elected as a Director of the Company".
The resolution was carried as an ordinary resolution.
Resolution 2 - Re-election of Ron Chamberlain as Director
To consider and, if thought fit, pass the following resolution as an ordinary
resolution:
"That Ron Chamberlain, who was appointed by the Board in accordance with Clause
13.4 of the Company`s Constitution since the last general meeting, retires as a
Director of the
Company and, being eligible, offers himself for re-election, is hereby re-
elected as a Director of the Company".
The resolution was carried as an ordinary resolution.
Resolution 3 - Approval of Performance Rights Plan
To consider and, if thought fit, pass the following resolution as an ordinary
resolution:
"That, for the purposes of ASX Listing Rule 7.2 (Exception 9(b)) and for all
other purposes, Shareholders approve the establishment of the Performance Rights
Plan and authorise the Company to grant Performance Rights and issue Shares to
Eligible Employees (as defined in the Performance Rights Plan) pursuant to those
Performance Rights from time to time upon the terms and conditions specified in
the rules of the Performance Rights Plan (which are summarised in Schedule 1 to
the Explanatory Statement), as an exception to Listing Rule 7.1."
The resolution was carried as an ordinary resolution.
Resolution 4 - Approval of grant of performance rights to Jonathan Leslie
To consider and, if thought fit, pass the following resolution as an ordinary
resolution:
"That, for the purposes of ASX Listing Rules 7.1 and 10.14, and Chapter 2E of
the Corporations Act and for all other purposes, Shareholders approve and
authorise the Company to grant 1,341,300 Performance Rights (each to acquire one
Share in the capital of the Company) for nil consideration to Jonathan Leslie,
and to allot and issue Shares on the vesting of those Performance Rights, in
accordance with the Performance Rights Plan and otherwise on the terms and
conditions set out in this Explanatory Statement."
The resolution was carried as an ordinary resolution.
Resolution 5 - Approval of Issue of Shares to Stephen Galloway
To consider and, if thought fit, pass the following resolution as an ordinary
resolution:
"That, for the purposes of Listing Rule 10.11, Chapter 2E of the Corporations
Act and for all other purposes, Shareholders approve and authorise the Company
to allot and issue 15,524 Shares to Stephen Galloway, on the terms and
conditions set out in the Explanatory Statement."
The resolution was carried as an ordinary resolution.
Resolution 6 - Approval of issue of shares to John Main
To consider and, if thought fit, pass the following resolution as an ordinary
resolution:
"That,for the purposes of Listing Rule 10.11, Chapter 2E of the Corporations Act
and for all other purposes, Shareholders approve and authorise the Company to
allot and issue 4,851 Shares to John Main, on the terms and conditions set out
in the Explanatory Statement."
The resolution was carried as an ordinary resolution.
Resolution 7 - Approval of issue of shares to Neil MacLachlan
To consider and, if thought fit, pass the following resolution as an ordinary
resolution:
"That, for the purposes of Listing Rule 10.11, Chapter 2E of the Corporations
Act and for all other purposes, Shareholders approve and authorise the Company
to allot and issue 4,851 Shares to Neil MacLachlan, on the terms and conditions
set out in the Explanatory Statement."
The resolution was carried as an ordinary resolution.
Resolution 8 - Approval of issue of shares to Inge - Zaamwani - Kamwi
To consider and, if thought fit, pass the following resolution as an ordinary
resolution:
"That, for the purposes of Listing Rule 10.11, Chapter 2E of the Corporations
Act and for all other purposes, Shareholders approve and authorise the Company
to allot and issue 4,851 Shares to Inge Zaamwani-Kamwi, on the terms and
conditions set out in the Explanatory Statement."
The resolution was carried as an ordinary resolution.
Resolution 9 - Approval of issue of shares to Alastair Clayton
To consider and, if thought fit, pass the following resolution as an ordinary
resolution:
"That, subject to Resolution 1 being passed, for the purposes of Listing Rule
10.11, Chapter 2E of the Corporations Act and for all other purposes,
Shareholders approve and authorise the Company to allot and issue 1,808 Shares
to Alastair Clayton, on the terms and conditions set out in the Explanatory
Statement."
The resolution was carried as an ordinary resolution.
Resolution 10 - Approval of issue of shares to Ron Chamberlain
To consider and, if thought fit, pass the following resolution as an ordinary
resolution:
"That, subject to Resolution 2 being passed, for the purposes of Listing Rule
10.11, Chapter 2E of the Corporations Act and for all other purposes,
Shareholders approve and authorise the Company to allot and issue 1,037 Shares
to Ron Chamberlain, on the terms and conditions set out in the Explanatory
Statement."
The resolution was carried as an ordinary resolution.
The results of the proxy voting and the proxy voting on the polls carried out in
respect of each of the above resolutions are set out on detailed annoucnemnet as
per Company website (www.extractresources.com)
On behalf of the Board of Directors,
Siobhan Lancaster
Company Secretary
Windhoek, 23 June 2010
Registered Office
Swakop Uranium (Pty) Ltd
3 Schutzen Street
Windhoek
Namibia
Sponsor
IJG Securities (Pty) Ltd
Member of the NSX
100 Robert Mugabe Avenue
P O Box 186, Windhoek, Namibia
Registration No. 95/505
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