| Thu 7 Nov 2024, 16:15 | | DRA GLOBAL LIMITED - Results of the Extraordinary General Meeting and Finalisation Announcement in respect of the Buy-Back |
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Results of the Extraordinary General Meeting and Finalisation Announcement in respect of the Buy-Back
DRA Global Limited
(Incorporated in Australia under the Corporations Act 2001 (Cth))
ACN 622 581 935
ASX / JSE Share Code: DRA
ISIN: AU0000155814
("DRA" or "the Company")
JSE Sponsor: Pallidus Capital Proprietary Limited
ASX / JSE ANNOUNCEMENT
7 November 2024
RESULTS OF THE EXTRAORDINARY GENERAL MEETING AND FINALISATION ANNOUNCEMENT IN RESPECT OF THE BUY-BACK
DRA Global Limited (ASX / JSE: DRA) ('DRA' or 'the Company') advises that the results of the Company's
Extraordinary General Meeting held on 7 November 2024 are set out in the attached document. All resolutions
considered at the Meeting were decided by way of poll.
The results are provided in accordance with section 251AA of the Corporations Act 2001 (Cth) and ASX Listing
Rule 3.13.2.
We advise that Resolution 2 was passed as a special resolution by at least 75% of all votes cast by
shareholders (in person or by proxy or representative) in favour. We further advise that the Resolution was
supported by the affirmative vote of at least 75% of votes cast by shareholders on the South African branch
share register (again, in person or by proxy or representative).
In addition, we advise that Resolution 1 was passed as an ordinary resolution by at least 50% of all votes cast
by shareholders (in person or by proxy or representative) in favour. Accordingly, the Company is pleased to
confirm that the proposed off-market equal access share buy-back of up to 11,088,080 fully paid ordinary
shares in the capital of the Company ('the Buy-Back') has become unconditional and will proceed in
accordance with the below timetable.
INDICATIVE TIMETABLE
Subject to the Corporations Act and the ASX Listing Rules and the JSE Listings Requirements, DRA reserves
the right to amend this indicative timetable without prior notice to shareholders.
Event Date
Result of the Meeting announced on ASX and SENS, Thursday, 7 November 2024
including statement of unconditionality of the Buy-Back (JSE
Finalisation Announcement in respect of the Buy-Back)
Last day for JSE on-market trade to be a Shareholders Tuesday, 19 November 2024
on the Buy-Back Record Date
Last day for ASX on-market trade to be a Shareholders Tuesday, 19 November 2024
on the Buy-Back Record Date
Ex-Entitlement Date For ASX purposes, Wednesday,
20 November 2024
(Shares acquired on or after this date will not confer an
entitlement to participate in the Buy-Back) For JSE purposes, the practical time
Wednesday, 20 November 2024
Buy-Back Record Date For ASX purposes, 5.00pm (Perth time)
Thursday, 21 November 2024
(Date for determining entitlement to participate in the Buy-
Back) For JSE purposes, the practical time is
market close on the JSE on Friday, 22
November 2024
Despatch Date Tuesday, 26 November 2024
(Date of despatch of Buy-Back Offer Documents and
Application Form)
Open Date Tuesday, 26 November 2024
(Date that Buy-Back offer opens)
Closing Date 5.00pm (Perth time) / 11.00am
(Johannesburg time) Thursday,
(Date that Buy-Back offer closes) 12 December 2024
Announcement of the outcome of the Buy-Back and Friday,13 December 2024
details of any scale back
Buy-Back Date Tuesday,17 December 2024
(Date of transfer to the Company of shares bought back and
cancellation of those shares)
Payment Date Thursday, 19 December 2024
(Date of payment of cash consideration under the Buy-Back)
Last day for JSE on-market trade to be a Shareholders Monday, 30 December 2024
on the Delisting Record Date
Last day for ASX on-market trade to be a Shareholders Tuesday, 31 December 2024
on the Delisting Record Date
Suspension Date For ASX purposes, from commencement of
trading on Thursday, 2 January 2025
(Date on which shares are suspended from trading on
Exchanges) For JSE purposes, from commencement of
trading on Tuesday, 31 December 2024
Delisting Record Date For ASX purposes, 5.00pm (Perth time)
Friday, 3 January 2025
(Date for determining Shareholders who will hold unlisted
DRA shares)) For JSE purposes, the practical time is
market close on the JSE on Friday,
3 January 2025
Delisting Date Monday, 6 January 2025 (in respect of the
JSE, from commencement of trading)
(Date on which delisting from Exchanges is expected to take
effect)
Notes:
1. The above dates and times are subject to amendment. Any such amendment will be released on ASX's Market Announcement
Platforms and JSE SENS.
- ENDS –
For further information, please contact:
Media enquiries: Investor enquiries: Shareholder administration:
Michael Vaughan Andrew Prior shareholders@draglobal.com
Fivemark Partners Fivemark Partners
M: +61 422 602 720 andrew.prior@fivemark.com.au
michael.vaughan@fivemark.com.au
About DRA Global Limited
DRA Global Limited (ASX: DRA | JSE: DRA) (DRA or the Company) is a multi-disciplinary consulting, engineering, project delivery and
operations management group predominantly focused on the mining and minerals resources sector. DRA has an extensive global track
record, spanning more than three decades and more than 7,500 studies and projects as well as operations, maintenance and optimisation
solutions across a wide range of commodities.
DRA has expertise in mining, minerals and metals processing and related non-process infrastructure including sustainability, water and
energy solutions for the mining industry. DRA delivers advisory, engineering and project delivery services throughout the capital project
lifecycle from concept through to operational readiness and commissioning as well as ongoing operations, maintenance and shutdown
services.
DRA, headquartered in Perth, Australia, services its global customer base through 19 offices across Asia-Pacific, North and South
America, Europe, Middle East and Africa.
Physical Level 7, 256 Adelaide Terrace / Perth WA 6000 / Australia // Postal PO Box 3130 / East Perth WA 6892 / Australia
Telephone +61 (0)8 6163 5900 // info@draglobal.com // ACN 622 581 935 // ASX: DRA / JSE:DRA
draglobal.com
DRA GLOBAL LIMITED
EXTRAORDINARY GENERAL MEETING
Thursday, 7 November 2024
Results of Meeting
The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2.
Instructions given to validly appointed proxies (as Number of votes cast on the poll Resolution
Resolution details at proxy close) (where applicable) Result
Resolution Resolution For Against Proxy's Abstain For Against Abstain* Carried /
Type Discretion Not Carried
1 – Approval of Off-Market Ordinary 37,057,459 557,329 0 31,147 45,276,784 576,865 31,147 Carried
Share Buy-Back 98.44% 1.48% 0% 0.08% 98.74% 1.26%
2 – Approval of Delisting Special 36,804,446 810,342 0 31,147 45,023,771 829,878 31,147 Carried
from Official List of the 97.76% 2.15% 0% 0.08% 98.19% 1.81%
ASX and the Securities
Exchange Operated by
the JSE
3 – Approval to Issue Ordinary 36,209,109 761,467 0 675,359 43,800,777 772,076 678,359 Carried
Shares to CEO and MD, James Ordinary 96.18% 2.02% 0% 1.79% 98.27% 1.73%
Smith
4 – Approval to Issue Ordinary Ordinary 35,438,884 1,085,450 0 1,121,601 43,537,718 1,232,477 1,124,601 Carried
Shares to Executive Director, 94.14% 2.88% 0% 2.98% 97.25% 2.75%
Darren Naylor
* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.
Date: 07-11-2024 04:15:00
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