REG-Pan African Resources PLC: Result of AGM <Origin Href="QuoteRef">PAFR.L</Origin>

Pan African ResourcesAnnouncement

25/11/2016 14:35

Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985
with registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
(“Pan African” or the “Company”)

RESULTS OF ANNUAL GENERAL MEETING

Pan African shareholders are advised that at the annual general meeting
(“AGM”) of shareholders held on Friday, 25 November 2016, all the ordinary
and special resolutions, as set out in the notice of AGM dated 20 September
2016, were approved by the requisite majority of shareholders present or
represented by proxy.

The total number of Pan African shares eligible to vote at the AGM is
1,943,206,554. The highest number of shares voted in person or by proxy was
1,481,855,576 representing 76.26% of the total issued share capital of the
same class of Pan African.

All resolutions proposed at the AGM, together with the percentage of shares
abstained, as well as the percentage of votes carried for and against each
resolution, are as follows:

Ordinary resolution number 1: To receive and adopt the directors’ report,
the audited statement of accounts and the auditors’ report for the year
ended 30 June 2016

 Shares Voted  1,464,834,235 75.38%  Abstained  17,094,631 0.88%  For   99.99%  Against   0.01%  

Ordinary resolution number 2: To approve the payment of a final dividend for
the year ended 30 June 2016*

 Shares Voted   1,481,855,576 76.26%  Abstained   73,290 0.004%  For    100%  Against    0.00%  

*Shareholders are referred to the SENS announcement released on 13 October
2016 for the salient dates and conversion rate details of the final dividend.

Ordinary resolution number 3: To re-elect Mrs HH Hickey as a director of the
Company

 Shares Voted  1,464,978,996 75.39%  Abstained  16,949,870 0.87%  For   99.88%  Against   0.12%  

Ordinary resolution number 4: To re-elect Mr T Mosololi as a director of the
Company

 Shares Voted  1,464,967,701 75.39%  Abstained  16,961,165 0.87%  For   99.88%  Against   0.12%  

Ordinary resolution number 5: To re-elect Mrs HH Hickey as a member of the
audit committee

 Shares Voted  1,464,978,996 75.39%  Abstained  16,949,870 0.87%  For   98.63%  Against   1.37%  

Ordinary resolution number 6: To re-elect Mr KC Spencer as a member of the
audit committee

 Shares Voted  1,464,978,996 75.39%  Abstained  16,949,870 0.87%  For   80.99%  Against   19.01%  

Ordinary resolution number 7: To re-elect Mr T Mosololi as a member of the
audit committee

 Shares Voted  1,464,967,701 75.39%  Abstained  16,961,165 0.87%  For   99.88%  Against   0.12%  

Ordinary resolution number 8: To endorse the Company’s remuneration policy

 Shares Voted  1,464,708,981 75.38%  Abstained  17,216,885 0.89%  For   85.95%  Against   14.05%  

Ordinary resolution number 9: To re-appoint Deloitte LLP as auditors of the
Company and to authorise the directors to determine their remuneration

 Shares Voted  1,464,992,727 75.39%  Abstained  16,936,139 0.87%  For   99.79%  Against   0.21%  

Ordinary resolution number 10: To authorise the directors to allot equity
securities

 Shares Voted  1,461,924,036 75.23%  Abstained  20,004,830 1.03%  For   69.46%  Against   30.54%  

Special resolution number 11: To approve market purchases of ordinary shares

 Shares Voted  1,481,740,735 76.25%  Abstained  188,131 0.01%  For   99.75%  Against   0.25%  

Notes
* Percentages of shares voted are calculated in relation to the total issued
share capital of Pan African
* Percentages of shares voted for and against  are calculated in relation to
the total number of shares voted for each resolution
* Abstentions are calculated as a percentage in relation to the total issued
share capital of Pan African
Johannesburg

25 November 2016

CONTACT INFORMATION

Corporate Office
The Firs Office Building
1st Floor, Office 101
Cnr. Cradock and Biermann Avenues
Rosebank, Johannesburg
South Africa
Office:   + 27 (0) 11 243 2900
Facsimile: + 27 (0) 11 880 1240


Registered Office
Suite 31
Second Floor
107 Cheapside
London
EC2V 6DN
United Kingdom
Office:   + 44 (0) 207 796 8644
Facsimile: + 44 (0) 207 796 8645


 

 Cobus Loots                   Deon Louw                     
 Pan African Resources PLC     Pan African Resources PLC     
 Chief Executive Officer       Financial Director            
 Office: + 27 (0) 11 243 2900  Office: + 27 (0) 11 243 2900  

 

 Phil Dexter                            John Prior / Paul Gillam            
 St James's Corporate Services Limited  Numis Securities Limited            
 Company Secretary                      Nominated Adviser and Joint Broker  
 Office: + 44 (0) 207 796 8644          Office: +44 (0) 20 7260 1000        

 

 Sholto Simpson                Matthew Armitt / Ross Allister  
 One Capital                   Peel Hunt LLP                   
 JSE Sponsor                   Joint Broker                    
 Office: + 27 (0) 11 550 5009  Office: +44 (0) 207 418 8900    

 

 Julian Gwillim                  Daniel Thöle                    
 Aprio Strategic Communications  Bell Pottinger PR               
 Public & Investor Relations SA  Public & Investor Relations UK  
 Office: +27 (0)11 880 0037      Office: + 44 (0) 203 772 2500   

Jeffrey Couch / Neil Haycock / Thomas Rider
BMO Capital Markets Limited
Joint Broker
Office: +44 (0) 207 236 1010

www.panafricanresources.com



Copyright (c) 2016 PR Newswire Association,LLC. All Rights Reserved