| Fri 25 Nov 2011, 15:40 | | 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
Share Code JSE: AQP
ISIN Code: BMG0440M1284
RESULTS - ANNUAL GENERAL MEETING
We advise the following resolutions placed before shareholders at the
Annual General Meeting of Aquarius Platinum Limited on 25 November 2011
were approved as follows:
1. Resolution 1 - Re-election of Mr David Dix
To consider and, if thought fit, to pass, with or without amendment, the
following resolution:
"That Mr David Dix, 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 337,432,804 Against: 4,927,779 Abstain: 4,686,212
Favour:
2. Resolution 2 - Re-election of Sir William Purves
To consider and, if thought fit, to pass, with or without amendment, the
following resolution:
"That Sir William Purves, 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 337,938,734 Against: 5,638,886 Abstain: 3,469,175
Favour:
3. Resolution 3 - Buy back authorisation
To consider and, if thought fit, to pass, with or without amendment, the
following 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:
the maximum number of Shares that may be purchased pursuant to this
authority is 23,508,360 Shares, representing 5% of the issued capital of
the Company as at 21 October 2011;
the minimum price which may be paid for any Share purchased pursuant to
this authority is US$0.05;
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 the amount stipulated by Article 5(1) of the Buy-back and
Stabilisation Regulation 2003; and
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 343,956,332 Against: 2,576,014 Abstain: 514,449
Favour:
4. Resolution 4 - Ratification of issue of 6,804,162 Shares under
Afarak acquisition
To consider and, if thought fit, to pass, with or without amendment, the
following resolution:
"That, for the purposes of ASX Listing Rule 7.4 and for all other purposes,
the Shareholders ratify the issue of 6,804,162 Shares as part consideration
for the acquisition of Afarak Platinum (Proprietary) Limited on 13 April
2011, and otherwise on the terms and conditions set out in the Explanatory
Memorandum."
The Company will disregard any votes cast on this resolution by any person
who participated in the issue, and any associate of such persons. However,
the Company need not disregard a vote if it is cast by a person as proxy
for a person who is entitled to vote, in accordance with the directions on
the proxy form, or it is cast by the person chairing the meeting as proxy
for a person who is entitled to vote, in accordance with a direction on the
proxy form to vote as the proxy decides.
In 342,072,117 Against: 4,097,931 Abstain: 876,747
Favour:
5. Resolution 5 - Amendments to Bye-laws
To consider and, if thought fit, to pass, with or without amendment, the
following 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 and be implemented with immediate
effect."
In 344,467,097 Against: 2,579,698 Abstain: 0
Favour:
6. Resolution 6 - Disapplication of pre-emptive rights
To consider and, if thought fit, to pass, with or without amendment, the
following resolution as a special resolution:
"That, subject to Resolution 5 being passed, in accordance with Bye-law
51.2A(f), the Directors be given power to allot Equity Securities
(including, for the avoidance of doubt, any Common Shares held as treasury
shares immediately before their sale) for cash pursuant to the authority
conferred on them by Bye-law 51.2 as if Bye-law 51.2A(a) did not apply to
any such allotment provided that:
(a) this power shall be limited to the allotment of Equity Securities
up to a maximum amount of 70,525,080 Shares (or a nominal amount
of US$3,526,254); and
this power shall expire on the conclusion of the Company`s next annual
general meeting or, if earlier, close of business on 25 February 2013,
however the Company may, before the expiry of this power, make offers or
agreements which would or might require Equity Securities to be issued
after such expiry and, notwithstanding such expiry, the Directors may issue
Equity Securities in pursuance of such offers or agreements as if this
power had not expired."
In 310,900,996 Against: 36,145,293 Abstain: 506
Favour:
7. Resolution 7 - Re-appointment of Auditor
To consider and, if thought fit, to pass, with or without amendment, the
following 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 343,947,779 Against: 3,099,016 Abstain: 0
Favour:
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
25 November 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/11/2011 15:40:47 Produced by the JSE SENS Department.
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