TIDMPDL
RNS Number : 4073T
Petra Diamonds Limited
14 November 2023
14 November 2023 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
Notice of AGM put to the AGM were passed by the requisite
majority.
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/
.
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Resolution 6 was withdrawn prior to the AGM as Mr Peter Hill CBE
did not offer himself up for re-election as a Director of the
Company, as announced on 13 November 2023 .
Resolutions Votes for % of Votes % of Total Votes Total
(incl discretionary) Votes against Votes Cast Votes Withheld
cast Cast
Ordinary resolutions
1. To receive the Financial
Statements of the Company
for the year ended 30
June 2023, together
with the Reports of
the Directors and Auditors
(the 2023 Annual Report). 131,093,808 99.77 300,312 0.23 131,394,120 127,485
---------------------- ------- ----------- ------- ------------ ----------------
2. To approve the Directors'
Remuneration Policy,
as contained in the
2023 Annual Report. 128,932,971 98.03 2,587,621 1.97 131,520,592 1,013
---------------------- ------- ----------- ------- ------------ ----------------
3. To approve the Directors'
Annual Remuneration
Report (other than the
part containing the
Directors' Remuneration
Policy) for the year
ended 30 June 2023,
as contained in the
2023 Annual Report. 128,933,692 98.03 2,586,900 1.97 131,520,592 1,013
---------------------- ------- ----------- ------- ------------ ----------------
4. To re-appoint BDO
LLP as auditors to hold
office until the conclusion
of the next AGM of the
Company. 131,218,269 99.77 302,323 0.23 131,520,592 1,013
---------------------- ------- ----------- ------- ------------ ----------------
5. To authorise the
Directors of the Company
to fix the remuneration
of the auditors. 131,218,308 99.77 302,284 0.23 131,520,592 1,013
---------------------- ------- ----------- ------- ------------ ----------------
6. To re-elect Mr Peter RESOLUTION WITHDRAWN
John Hill, who retires
in accordance with the
Company's Bye-Laws,
as a Director of the
Company.
-------------------------------------------------------------------------------------
7. To re-elect Mr Richard
Neil Duffy, who retires
in accordance with the
Company's Bye-Laws,
as a Director of the
Company. 131,218,041 99.77 302,551 0.23 131,520,592 1,013
---------------------- ------- ----------- ------- ------------ ----------------
8. To re-elect Mr Jacques
Breytenbach, who retires
in accordance with the
Company's Bye-Laws,
as a Director of the
Company. 117,598,780 89.41 13,921,812 10.59 131,520,592 1,013
---------------------- ------- ----------- ------- ------------ ----------------
9. To re-elect Ms Varda
Shine, who retires in
accordance with the
Company's Bye-Laws,
as a Director of the
Company. 128,477,372 97.69 3,043,220 2.31 131,520,592 1,013
---------------------- ------- ----------- ------- ------------ ----------------
10. To re-elect Mr Bernard
Robert Pryor, who retires
in accordance with the
Company's Bye-Laws,
as a Director of the
Company. 111,672,135 84.91 19,848,457 15.09 131,520,592 1,013
---------------------- ------- ----------- ------- ------------ ----------------
11. To re-elect Ms Deborah
Gudgeon, who retires
in accordance with the
Company's Bye-Laws,
as a Director of the
Company. 111,659,454 84.90 19,861,138 15.10 131,520,592 1,013
---------------------- ------- ----------- ------- ------------ ----------------
12. To re-elect Ms Alexandra
Watson, who retires
in accordance with the
Company's Bye-Laws,
as a Director of the
Company. 109,871,731 83.54 21,648,861 16.46 131,520,592 1,013
---------------------- ------- ----------- ------- ------------ ----------------
13. To re-elect Mr Jon
Stephen Dudas, who retires
in accordance with the
Company's Bye-Laws,
as a Director of the
Company. 130,761,556 99.42 759,036 0.58 131,520,592 1,013
---------------------- ------- ----------- ------- ------------ ----------------
14. To elect Ms Hillaren
Lerato Molebatsi who
was appointed by the
Company's Board of Directors
in accordance with the
Company's Bye-Laws on
3 April 2023, as a Director
of the Company. 130,838,060 99.77 302,544 0.23 131,140,604 1,013
---------------------- ------- ----------- ------- ------------ ----------------
15. 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 GBP32,366.96
up until the next AGM
of the Company. 82,620,905 62.82 48,899,687 37.18 131,520,592 1,013
---------------------- ------- ----------- ------- ------------ ----------------
(1) The Board notes that although resolution 15, passed, it had
a significant number of votes cast against it. The Board will
continue its ongoing dialogue with Shareholders and consult as
appropriate to fully understand any concerns in relation to this
resolution. 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.
(2) As explained in the Company's announcement on 13 November
2023, Peter Hill CBE did not offer himself up for re-election as a
Director at the AGM and therefore ceased to be Chair of the Board
and the Nomination and Investment Committees immediately following
the conclusion of the AGM today. As explained in the Company's
announcement on 13 November 2023, Varda Shine has been appointed
interim Chair of the Board and Chair of the Nomination and
Investment Committees, with effect from the conclusion of the AGM
today. Bernard Pryor, Non-Executive Director and Chair of the
Health and Safety Committee will become the interim Senior
Independent Director. Varda Shine will remain as Chair of the
Remuneration Committee.
(3) As explained in the Company's 2023 Annual Report, Johannes
Bhatt retired from the Board immediately following the conclusion
of the AGM today.
Ends
For further information, please contact:
Petra Diamonds, London Telephone: +44 20 7494 8203
Patrick Pittaway investorrelations@petradiamonds.com
Julia Stone
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 mines in South Africa (Finsch, Cullinan Mine and
Koffiefontein) and one open pit mine in Tanzania (Williamson). The
Koffiefontein mine is currently on care and maintenance in
preparation of closure.
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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END
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