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