| Wed 24 Nov 2010, 8:00 | | AQP - Aquarius Platinum Limited - Results - Annual General Meeting |
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AQP
AQP
AQP - Aquarius Platinum Limited - Results - Annual General Meeting
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration Number: EC26290
JSE Code: AQP
ISIN: BMG0440M1284
RESULTS - ANNUAL GENERAL MEETING
We advise the following ordinary resolutions placed before shareholders at the
Annual General Meeting of Aquarius Platinum Limited on 23 November 2010 were
approved as follows:
1. Resolution 1 - Re-election of Mr Nicholas Sibley
To consider and, if thought fit, to pass, with or without amendment, the
following resolution as an ordinary resolution:
"That Mr Nicholas Sibley, who retires by rotation in accordance with the
Company`s Bye-laws and being eligible, offers himself for re-election, be re-
elected as a Director."
In Favour: 320,662,713 Against: 23,324,439 Abstain: 6,214,491
2. Resolution 2 - Re-election of Mr Kofi Morna
To consider and, if thought fit, to pass, with or without amendment, the
following resolution as an ordinary resolution:
"That Mr Kofi Morna, who retires by rotation in accordance with the Company`s
Bye-laws and being eligible, offers himself for re-election, be re-elected as a
Director."
In Favour: 312,329,694 Against: 37,078,551 Abstain: 793,398
3. Resolution 3 - Amendments to Bye-laws
To consider and, if thought fit, to pass, with or without amendment, the
following resolution as an ordinary resolution:
"That, in accordance with Bye-law 94 of the Company`s Bye-laws and for all other
purposes, the amendments to the Bye-laws set out in Schedule A to the
Explanatory Memorandum be approved."
In Favour: 347,048,309 Against: 2,346,771 Abstain: 806,563
4. Resolution 4 - Buy back authorisation
To consider and, if thought fit, to pass, with or without amendment, the
following resolution as an ordinary resolution:
"That the Company be generally and unconditionally authorised to make market
purchases of Shares on such terms and in such manner as the Directors may
determine, provided that:
(a) the maximum number of Shares that may be purchased pursuant to this
authority is 23,161,550 Shares, representing 5% of the issued capital of the
Company as at 8 October 2010;
(b) the minimum price which may be paid for any Share purchased pursuant to
this authority is US$0.05;
(c) the maximum price which may be paid for any Share purchased pursuant to
this authority shall not be more than an amount equal to 105% of the average of
the middle market prices shown in the quotations for the Shares in the London
Stock Exchange Daily Official List for the five business days immediately
preceding the day on which that Share is contracted to be purchased; and
(d) the authority shall expire at the conclusion of the Company`s next annual
general meeting after the passing of this Resolution unless renewed, varied or
revoked before that time, but the Company may make a contract or contracts to
purchase Shares under this authority before its expiry which will or may be
executed wholly or partly after the expiry of this authority, and may make a
purchase of Shares in pursuance of any such contract."
In Favour: 346,478,923 Against: 2,647,982 Abstain: 1,074,738
5. Resolution 5 - Directors` Fees
To consider and, if thought fit, to pass, with or without amendment, the
following resolution as an ordinary resolution:
"That, for the purposes of Bye-law 22.1, ASX Listing Rule 10.17 and for all
other purposes, the maximum fees payable to the non-executive Directors of the
Company be increased by US$400,000 to US$1,250,000 per annum, to be divided
amongst the non-executive Directors in such proportions and in such manner as
they may agree and, in default of agreement, in equal shares."
In Favour: 322,379,195 Against: 27,017,779 Abstain: 804,669
6. Resolution 6 - Re-appointment of Auditor
To consider and, if thought fit, to pass, with or without amendment, the
following resolution as an ordinary resolution:
"That, Messrs Ernst & Young of Perth, Western Australia, be and are hereby
appointed as Auditors of the Company until the conclusion of the next annual
general meeting at a fee to be agreed by the Directors."
In Favour: 337,201,455 Against: 11,588,359 Abstain: 1,411,829
For further information please contact:
In Australia:
Willi Boehm
Aquarius Platinum Corporate Services Pty Ltd
+61 8 9367 5211
In South Africa:
Stuart Murray
Aquarius Platinum (South Africa) (Pty) Ltd
+27 11 455 2050
or visit: www.aquariusplatinum.com
24 November 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24/11/2010 08:00:01 Produced by the JSE SENS Department.
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