REG-Petra Diamonds: Result of Annual General Meeting
19/11/2021 11:35
19 November 2021 LSE:PDL
Petra Diamonds Limited
("Petra" or the "Company")
Results of Annual General Meeting
Petra Diamonds Limited is pleased to announce that at the Annual General
Meeting (“AGM”) held earlier today shareholders passed each of the
ordinary and special resolutions by the requisite majorities on a poll.
The full text of each resolution is contained in the Notice of AGM, which is
available on the Company's website at
https://www.petradiamonds.com/investors/shareholders/meetings/.
The total number of votes cast for each resolution is set out in the table
below.
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 2021, together with the Reports of the Directors and Auditors thereon (“2021 Annual Report”). 5,195,259,186 99.99 461,620 0.01 5,195,720,806 307,053
2. To approve the Directors’ Annual Remuneration Report for the year ended 30 June 2021, as contained in the 2021 Annual Report. 4,941,886,501 95.11 253,834,305 4.89 5,195,720,806 307,053
3. To re-appoint BDO LLP as auditors to hold office until the conclusion of the next AGM of the Company. 5,195,318,211 99.99 465,595 0.01 5,195,783,806 307,053
4. To uthorize the Directors of the Company to fix the remuneration of the auditors. 5,195,235,539 99.99 485,267 0.01 5,195,720,806 307,053
5. To re-elect Mr Peter John Hill, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company. 5,007,376,065 96.38 188,344,741 3.62 5,195,720,806 307,053
6. To re-elect Mr Richard Neil Duffy, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company. 5,007,376,065 96.38 188,344,741 3.62 5,195,720,806 307,053
7. To re-elect Mr Jacques Breytenbach, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company. 5,195,220,539 99.99 500,267 0.01 5,195,720,806 307,053
8. To re-elect Ms Varda Shine, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company. 5,195,218,914 99.99 501,892 0.01 5,195,720,806 307,053
9. To re-elect Ms Octavia Matshidiso Matloa, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company. 5,195,218,914 99.99 501,892 0.01 5,195,720,806 307,053
10. To re-elect Mr Bernard Robert Pryor, who retires in accordance with the Company’s Bye-Laws, as a Director of the Company. 5,195,220,539 99.99 500,267 0.01 5,195,720,806 307,053
11 To elect Mr Matthew Glowasky, who was appointed by the Company’s Board of Directors in accordance with the Company’s Bye-Laws on 10 March 2021, as a Director of the Company. 5,195,233,914 99.99 486,892 0.01 5,195,720,806 307,053
12. To elect Ms Deborah Gudgeon, who was appointed by the Company’s Board of Directors in accordance with the Company’s Bye-Laws on 1 July 2021, as a Director of the Company. 5,195,235,539 99.99 485,267 0.01 5,195,720,806 307,053
13. To elect Ms Alexandra Watson, who was appointed by the Company’s Board of Directors in accordance with the Company’s Bye-Laws on 1 July 2021, as a Director of the Company. 5,195,233,914 99.99 486,892 0.01 5,195,720,806 307,053
14. To elect Mr Johannes Bhatt Watson, who was appointed by the Company’s Board of Directors in accordance with the Company’s Bye-Laws on 1 July 2021, as a Director of the Company. 5,195,235,539 99.99 485,267 0.01 5,195,720,806 307,053
15. To approve that every 50 ordinary shares of 0.001 pence each in the capital of the Company (both issued and authorised but unissued) be consolidated into one ordinary share of 0.05 pence each in the capital of the Company. 5,195,224,157 99.99 496,649 0.01 5,195,720,806 307,053
16. To approve an increase in the authorised capital of the Company from £100,000 to £10,000,000 comprised of 20,000,000,000 ordinary shares of 0.05 pence each. 5,195,217,211 99.99 503,595 0.01 5,195,720,806 307,053
17. Subject to the passing of resolution 16, to authorise the Directors of the Company to issue and allot Relevant Securities within the meaning of Bye-Law 2.4 of the Company’s Bye-Laws up to an aggregate nominal amount of £32,366.96 up until the next AGM of the Company. 5,195,222,889 99.99 497,917 0.01 5,195,720,806 307,053
18 To approve the rules of Petra Diamonds Limited’s 2021 Performance Share Plan and the Directors be authorised to adopt and operate the Plan. 5,195,204,514 99.99 516,292 0.01 5,195,720,806 307,053
Special resolution
19. Subject to the passing of resolutions 16 and 17, to disapply the pre-emption provisions of Bye-Law 2.5(a) pursuant to Bye-Law 2.6(a)(i) of the Company’s Bye-Laws. 4,867,271,853 93.68 328,448,953 6.32 5,195,720,806 307,053
Notes:
1. Votes "For" and "Against" are expressed as a percentage of votes received.
2. A "Vote withheld" is not a vote in law and is not counted in the
calculation of the votes "For" or "Against" a resolution.
3. Total number of ordinary shares in issue as at 5pm on 18 November 2021 was
9,710,089,272.
In accordance with LR 9.6.2R the full text of resolution 19 has been submitted
to the National Storage Mechanism and will be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
~ Ends ~
For further information, please contact:
Petra Diamonds,
London
Telephone: +44 20 7494 8203
Cathy Malins
Des Kilalea
Marianna Bowes
investorrelations@petradiamonds.com
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 three underground producing mines in South
Africa (Finsch, Cullinan and Koffiefontein) 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
of ca. 230 million carats, 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 Company 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 Company’s US$336.7 million 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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