KIO - Kumba Iron Ore Limited - Results of general meeting
KIO
KIO
KIO - Kumba Iron Ore Limited - Results of general meeting
Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
(ISIN: ZAE000085346)
(Share code: KIO)
("Kumba")
RESULTS OF GENERAL MEETING
Shareholders are referred to various announcements released on the Securities
Exchange News Service and the circular to shareholders dated 5 October 2011
relating to the proposed transactions and statutory approvals, being:
- the implied issue for cash of approximately five million Kumba shares as a
result of the swap of approximately fifteen million Sishen Iron Ore Company
(Proprietary) Limited ("SIOC") shares distributed to employees
participating in the SIOC Employee Share Participation Scheme ("SIOC ESPS")
("Participating Employees") in exchange for Kumba shares, at the end of the
first phase of Envision and subsequent repurchase by SIOC from Kumba of an
equivalent number of SIOC shares;
- the proposed repurchase by Kumba of approximately five million Kumba shares
from SIOC ESPS Participating Employees;
- approval of the swap of SIOC shares distributed to Participating Employees
from the SIOC ESPS in exchange for Kumba shares, at the end of the second
phase of Envision; and
- the approval of financial assistance in terms of sections 44 and 45 of the
Companies Act, 2008, to:
- subsidiaries and other related and inter-related entities; and
- directors, prescribed officers and other participants in employee
incentive schemes operating in the Kumba Group.
At the general meeting of the shareholders of Kumba held today, 2 November 2011,
all the ordinary and special resolutions proposed at the meeting were approved
by the requisite majority of votes.
Centurion
2 November 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 02/11/2011 13:16:30 Produced by the JSE SENS Department.
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