| Wed 8 Dec 2004, 17:17 | | Results Of Annual General Meeting |
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Aquarius - Results Of Annual General Meeting
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration number: EC26290
Share code on JSE: AQP ISIN: BMG0440M1029
Share code on ASX: AQP.AX ISIN: BMG0440M1029
Share code on LSE: AQP.L ISIN: BMG0440M1029
Share code on US Over the counter market: AQPTY ISIN: US03840M2089
(`Aquarius`)
RESULTS - ANNUAL GENERAL MEETING
We advise the following ordinary resolutions placed before shareholders at the
Annual General Meeting of Aquarius Platinum Limited on 6 December 2004 were
approved as follows:
1. Resolution 1 - Re-election of Mr Patrick Quirk
To consider and, if thought fit, to pass, the following resolution:
`That Mr Patrick Quirk, 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: 36,500,083 Against: 0 Abstain: 2,188,900
2. Resolution 2 - Re-election of Ms Catherine Markus
To consider and, if thought fit, to pass, the following resolution:
`That Ms Catherine Markus, who retires by rotation in accordance with the
Company`s Bye-Laws and being eligible, offers herself for re-election, be re-
elected as a Director.`
In Favour: 35,162,612 Against: 1,019,606 Abstain: 2,506,765
3. Resolution 3 - Re-election of Sir William Purves
To consider, and if thought fit, to pass, the following resolution:
`That Sir William Purves, who was appointed a director of the Company to fill a
casual vacancy on 31 January 2004, retires in accordance with the ASX Listing
Rules and being eligible, offers himself for re-election, be re-elected as a
Director.`
In Favour: 36,500,083 Against: 0 Abstain: 2,188,900
4. Resolution 4 - Re-election of Mr David Dix
To consider, and if thought fit, to pass, the following resolution:
`That Mr David Dix, who was appointed a director of the Company to fill a casual
vacancy on 31 March 2004, retires in accordance with the ASX Listing Rules and
being eligible, offers himself for re-election, be re-elected as a Director.`
In Favour: 38,674,236 Against: 0 Abstain: 14,747
5. Resolution 5 - Re-election of Mr Edward Haslam
To consider, and if thought fit, to pass, the following resolution:
`That Mr Edward Haslam, who was appointed a director of the Company to fill a
casual vacancy on 1 May 2004, retires in accordance with the ASX Listing Rules
and being eligible, offers himself for re-election, be re-elected as a
Director.`
In Favour: 38,674,236 Against: 0 Abstain: 14,747
6. Resolution 6 - 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 Favour: 38,674,236 Against: 0 Abstain: 14,747
7. Resolution 7 - Directors` Fees
To consider and, if thought fit, to pass, with or without amendment, the
following resolution:
`That, for the purposes of Bye-Law 98, ASX Listing Rule 10.17 and for all other
purposes, the maximum fees payable to the non-executive directors of the Company
be US$500,000 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: 38,636,705 Against: 40,634 Abstain: 11,644
8. Resolution 8 - Establishment of Long Term Incentive Plan and Option Plan and
amendment to terms of Existing Options
To consider and, if thought fit, to pass, with or without amendment, the
following resolution:
`That for the purpose of ASX Listing Rule 7.2, exception 9(b) and for all other
purposes, the directors of the Company are authorised to implement and maintain
an incentive plan to be called `The Aquarius Platinum Limited Long Term
Incentive Plan` and to grant Restricted Awards and issue shares upon the vesting
of those Restricted Awards under that plan from time to time upon the terms and
conditions specified in the Rules of the Aquarius Platinum Limited Long Term
Incentive Plan (the terms and conditions of which are summarised in the
Explanatory Memorandum), as exceptions to ASX Listing Rule 7.1 and to implement
and maintain a second incentive plan to be called `The Aquarius Platinum Limited
Option Plan` and to grant options and issue shares upon the exercise of those
options under that plan from time to time upon the terms and conditions
specified in the Rules of the Aquarius Platinum Limited Option Plan (the terms
and conditions of which are summarised in the Explanatory Memorandum), as
exceptions to ASX Listing Rule 7.1 and for the purpose of ASX Listing Rule
6.23.4 and for all other purposes, the terms of outstanding options granted by
the Company under the Company`s 2001 Option Plan (other than the exercise price
and expiry date) be amended so that they are consistent with the terms of the
options to be granted under the Aquarius Platinum Limited Option Plan from time
to time.`
In Favour: 25,551,846 Against: 5,999,583 Abstain: 7,137,554
8 December 2004
Further information please contact: www.aquariusplatinum.com
In Australia:
Willi Boehm
Aquarius Platinum Corporate Services Pty Ltd
+61 (8) 9367 5211
In United Kingdom:
Nick Bias
Buck-Bias Limited
+ 44 (0) 7887 920 530
In United Kingdom:
Alex Buck
Buck-Bias Limited
+44 (0) 7932 740 452
In South Africa:
Charmane Russell
Russell & Associates
+27 11 880 3924 / +27 82 372 5816
In South Africa:
Kerry Sher
Nedbank Capital
+27 11 294 3601
