Allied Gold Limited: Notification of Approval of Shareholder and Optionholder Schemes and Resolutions of General Meeting
Published : June 06, 2011
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Keywords :   Australia | Canada | Capital Markets | Gold | London | Market |

TORONTO, ONTARIO--(Marketwire - June 6, 2011) - Allied Gold Limited ("Allied Gold" or the "Company") (TSX:ALG)(News - Market indicators)(AIM:AGLD) -

THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY JURISDICTION IN WHICH SUCH PUBLICATION RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL

Further to the announcements released by Allied Gold on 4 May 2011, 6 May 2011 and 31 May 2011, Allied Gold is pleased to announce, that the Share and Option Schemes ("Schemes") were approved by the requisite majorities of Allied Gold shareholders and Allied Gold optionholders at the Scheme Meetings held earlier today, Monday, 6 June 2011. The Share Scheme was approved by 99.51% of the total votes cast on the resolution and by 83.2% of the shareholders who voted on the resolution. The Option Scheme was approved by 100% of the total votes cast on the resolution and by 100% of the optionholders who voted on the resolution.

No other resolutions were put to the Scheme Meetings. In accordance with section 251 AA(2) of the Corporations Act 2001 (Cth), Allied Gold advises that proxy votes were received as follows:

    For Against Abstain Proxy Holder Discretion
Shareholders Resolution Approval of Share Scheme 659,100,691 3,308,022 72,705 1,161,829
Optionholders Resolution Approval of Option Scheme 22,037,500 Nil Nil Nil

Under the proposed Schemes, all existing shares and options in Allied Gold will be exchanged for shares or options in Allied Gold Mining PLC. The next major step in the implementation of the Schemes is for AGL to apply to the Supreme Court of Queensland for orders approving the Schemes ("Second Court Hearing"). The Second Court Hearing is to be held on 20 June 2011 at the Supreme Court of Queensland in Brisbane.

Allied Gold also announces that separate resolutions were passed by Allied Gold shareholders by a show of hands at a General Meeting held earlier today Monday, 6 June 2011 (before the Scheme Meetings) approving the allotment and issue of:

(1) approximately 156.3 million Allied Gold shares at a value of AU$93.8 million / ₤60.1 million for capital raising purposes on the terms and conditions set out in Allied Gold's announcement of 6 April 2011; and
 
(2) 1,500,000 unlisted options to Mr Sean Harvey (or his nominee) on the terms and conditions set out in the Option Explanatory Statement.

No other resolutions were put to the meeting. In accordance with section 251 AA(2) of the Corporations Act 2001 (Cth), Allied Gold advises that proxy votes were received as follows:

    For Against Abstain Proxy Holder Discretion
Resolution 1 Placement for Shares 505,298,751 1,723,721 4,707,920 1,179,946
Resolution 2 Placement for Options 413,293,840 293,087,772 208,380 1,254,946

The Company expects admission to a Premium Listing on the London Stock Exchange's Main Market and commencement of trading of Allied Gold Mining PLC to occur at 8.00 a.m. on 30 June 2011. 

Allied Gold Mining PLC will be eligible for the FTSE UK Index Series and expects to be included in the FTSE's upcoming September quarterly review. 

RBC Capital Markets is acting as Sponsor to the listing and will also act as Corporate Broker to the Company going forward.

The related Scheme documents and the circular are available on Allied Gold's website, www.alliedgold.com.au.

Capitalised terms used, but not otherwise defined in this announcement have the same meanings as set out in the Allied Gold's announcement of 4 May 2011 with RNS number 8920F.



Allied Gold Limited
Australia
Simon Jemison
Investor and Media
+61-418-853-922
or
Allied Gold Limited
Canada
Rebecca Greco
Investor Relations
+1 416-839-8610
or
Allied Gold Limited
C/. MerlinPR
London
David Simonson
+ 44(0) 20 7736 8400
or
Beaumont Cornish Limited (Allied Gold's nominated adviser)
Roland Cornish
+44 (0) 207 628 3396
or
RBC Capital Markets (Allied Gold's sponsor)
+44 (0) 207 653 4000
Stephen Foss
Matthew Coakes
Daniel Conti
Data and Statistics for these countries : Australia | Canada | All
Gold and Silver Prices for these countries : Australia | Canada | All

Allied Gold Ltd.

PRODUCER
CODE : ALD.AX
ISIN : AU000000ALD4
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Allied Gold is a gold development stage company based in Australia.

Allied Gold produces gold, copper in Papua New Guinea, and holds various exploration projects in Australia and in Papua New Guinea.

Its main assets in production are SIMBERI MINING JV and JOHNSON CAMP (COPPER CHIEF / BURRO) in Papua New Guinea and its main exploration properties are MT DROMEDARY JV and MONAKOFF in Australia and TABAR ISLANDS in Papua New Guinea.

Allied Gold is listed in Australia. Its market capitalisation is AU$ 35.9 billions as of today (US$ 25.9 billions, € 22.7 billions).

Its stock quote reached its lowest recent point on December 12, 2003 at AU$ 0.14, and its highest recent level on May 18, 2022 at AU$ 34.40.

Allied Gold has 1 042 206 569 shares outstanding.

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In the News and Medias of Allied Gold Ltd.
4/11/2006Broker report
Financings of Allied Gold Ltd.
4/7/2011Completes A$93.8 Million Placement
Nominations of Allied Gold Ltd.
8/4/2011Mining PLC: Appointment of Joint Broker
6/13/2011: Executive Management Changes
1/8/2008 Appoints CEO as PNG mine readies for start
9/28/2007(Simberi Mining Jv) appoints PNG gold mine open pit operator
Project news of Allied Gold Ltd.
10/3/2011Mining PLC: Production Update
4/1/2011(Simberi Mining Jv): Simberi (PNG) Update-Plan to Recommence Production Later T...
4/24/2008(Simberi Mining Jv)SIMBERI GOLD EXPLORATION UPDATE
Corporate news of Allied Gold Ltd.
8/14/2012Results of Shareholder Meetings
8/2/2012St Barbara / Allied Gold: FIRB Approval Received
7/18/2012Posting of Scheme Document
7/11/2012NOTICE TO SHAREHOLDERS
6/29/2012Recommended Offer for St Barbara Limited
6/20/2012Results of Annual General Meeting
5/31/2012Mining Announces Board Member Update
4/30/2012Activities Report for March Quarter (Q1) 2012
3/7/2012announces ASX Appendix 4E Correction
3/2/2012Notification of Major interest in Shares
2/6/2012Mining announces Simberi Support
2/6/2012Mining announces Simberi Support
1/24/2012Activities report for December quarter 2011
1/5/2012December 2011 Quarter Update
10/25/2011Mining PLC: Simberi Update
10/7/2011Mining PLC - Block Listing Application
9/9/2011Mining - FTSE Indices
8/31/2011Mining PLC: Exploration Update
8/24/2011Mining PLC: Proposed PNG legislation not expected to impact ...
8/15/2011MD&A FOR QUARTER AND HALF YEAR ENDED 30 JUNE 2011
7/11/2011Mining PLC: Voting Rights and Capital
6/30/2011Mining Plc: Completion of Schemes and Commencement of Dealin...
6/17/2011: Publication of Prospectus in Connection With Proposed Move...
6/6/2011: Notification of Approval of Shareholder and Optionholder S...
5/31/2011: Notification of Cancellation of Admission to Trading on AI...
5/10/2011: Scheme of Arrangement-Notice of Shareholder Meetings
5/5/2011: Scheme of Arrangement-Court Orders Convening of Scheme Mee...
4/20/2011: UK Main Market Listing and Scheme of Arrangement
3/23/2011Holds Official Re-Opening Ceremony at Gold Ridge Gold Mine
3/6/2011: Simberi (PNG) Gold Production March Quarter Guidance
2/28/2011: Gold Production Imminent Commissioning Begins-Gold Ridge, ...
3/19/2008announces promising early production in PNG
8/2/2007Major hedge coup for Allied Gold
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