REG-Petra Diamonds Ltd: Results of AGM

Petra DiamondsAnnouncement

13/11/2024 10:45

13 November 2024  LSE: PDL  

Petra Diamonds Limited
(Petra or the Company)

Results of Annual General Meeting

Petra Diamonds Limited announces that, at its Annual General Meeting (AGM)
held earlier today, all resolutions set out in the revised Notice of AGM put
to the AGM were passed by the requisite majority.

The full text of each resolution is contained in the revised Notice of AGM,
which is available on the Company's website at
https://www.petradiamonds.com/investors/shareholders/meetings/.

Each of the resolutions put to the Annual General Meeting was voted on by way
of a poll and the results are set out below. Resolution 5 was withdrawn prior
to the AGM as Ms Shine did not offer herself up for re-election as a Director
of the Company, as announced on 11 November 2024.

 Resolutions                                                                                                                                                                                     Votes for (incl discretionary)  % of Votes cast  Votes against  % of Votes Cast  Total Votes Cast  Total Votes Withheld  
 ORDINARY RESOLUTIONS                                                                                                                                                                                                                                                                                                     
 1.      To receive the Financial Statements of the Company for the year ended 30 June 2024, together with the Reports of the Directors and Auditors (the Annual Report ).                       142,248,410                     100.00%          -              0.00%            226               142,248,410           
 1.      To approve the Directors’ Annual Remuneration Report for the year ended 30 June 2024, as contained in the Annual Report.                                                                142,246,798                     100.00%          1,612          0.00%            226               142,248,410           
 1.      To re-appoint BDO LLP as auditors to hold office until the conclusion of the next AGM of the Company.                                                                                   113,210,509                     79.59%           29,037,944     20.41%           183               142,248,227           
 1.      To authorise the Directors of the Company to fix the remuneration of the auditors.                                                                                                      142,243,390                     100.00%          5,063          0.00%            183               142,248,227           
 1.      To re-elect Ms Varda Shine who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.                                                                         RESOLUTION WITHDRAWN                                                                                                     
 1.      To re-elect Mr Richard Neil Duffy, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.                                                                 113,173,930                     79.56%           29,074,502     20.44%           204               142,248,432           
 1.      To re-elect Mr Bernard Robert Pryor, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.                                                               142,073,611                     99.88%           174,821        0.12%            204               142,248,432           
 1.      To re-elect Ms Deborah Gudgeon, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.                                                                    142,060,673                     99.87%           187,759        0.13%            204               142,248,432           
 1.      To re-elect Ms Hillaren Lerato Molebatsi, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company.                                                          142,073,354                     99.88%           175,078        0.12%            204               142,248,432           
 1.      To elect Mr José Manuel Vargas who was appointed by the Company’s Board of Directors in accordance with the Company’s Bye-Laws from 1 January 2024, as a Director of the Company.       142,207,835                     99.97%           40,597         0.03%            204               142,248,432           
 1.      On an advisory basis, to support the appointment of Mr Amre Youness as a Board Observer from 1 May 2024, entitling him to attend but not vote at Board meetings.                        141,662,455                     99.63%           528,402        0.37%            57,779            142,190,857           
 1.      On an advisory basis, to support the appointment of Ms Alexandra Watson as a Board Observer from 17 February 2024, entitling her to attend but not vote at Board meetings.              84,795,129                      59.63%           57,395,728     40.37%           57,779            142,190,857           
 1.      To amend Bye-law 82.1 of the Company’s Bye-laws by deleting and substituting it with the amended Bye-law set out in the revised Notice of AGM.                                          116,013,540                     81.59%           26,177,349     18.41%           57,747            142,190,889           

Notes:

 
1. The Board notes that although resolutions 3, 6, 12 and 13 passed, these
resolutions had a significant number of votes cast against them. The Board
will continue its ongoing dialogue with Shareholders and consult as
appropriate to fully understand any concerns in relation to these
resolutions. In accordance with provision 4 of the 2018 UK Corporate
Governance Code, the Board shall provide an update on these engagements within
six months of the AGM.
 
1. As set out in the Company's announcement on 11 November 2024, Varda Shine
did not offer herself up for re-election as a Director at the AGM and
therefore ceased to be Chair of the Board as well as the Nomination and
Investment Committees immediately following the conclusion of the AGM today. 
At the time at which that announcement was made, over 99% of votes cast were
in favour of Ms Shine’s re-appointment. As also set out in that
announcement, José Manuel Vargas has been appointed Chair of the Board and
Chair of the Investment Committee, with effect from the conclusion of the AGM
today.  Bernard Pryor, Senior Independent Director and Chair of the
Remuneration Committee, will become Chair of the Nomination Committee.
 

~ Ends ~

 

For further information, please contact:

 

Petra Diamonds, London    Telephone: +44 20 7494 8203

Patrick Pittaway     investorrelations@petradiamonds.com

Kelsey Traynor       

 

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and a supplier of
gem quality rough diamonds to the international market. The Company's
portfolio incorporates interests in two underground mines in South
Africa (the Finsch and Cullinan Mines) and one open pit mine
in Tanzania (Williamson). 

Petra's strategy is to focus on value rather than volume production by
optimising recoveries from its high-quality asset base in order to maximise
their efficiency and profitability. The Group has a significant resource base
which supports the potential for long-life operations.

Petra strives to conduct all operations according to the highest ethical
standards and only operates in countries which are members of the Kimberley
Process. The Group aims to generate tangible value for each of its
stakeholders, thereby contributing to the socio-economic development of its
host countries and supporting long-term sustainable operations to the benefit
of its employees, partners and communities.

Petra is quoted with a premium listing on the Main Market of the London Stock
Exchange under the ticker 'PDL'. The Group's loan notes, due in 2026, are
listed on the Irish Stock Exchange and admitted to trading on the Global
Exchange Market. For more information, visit www.petradiamonds.com.

 

 

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