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.