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ANNOUNCEMENT 28 November 2014
Results of Annual General Meeting
The Directors of Coal of Africa Limited (the "Company" or "CoAL") are pleased to announce that at the Annual General Meeting of Shareholders held earlier today, the resolutions put to the meeting were passed unanimously by a show of hands.
In accordance with ASX Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act 2001, the Company hereby provides the following information on proxy votes received for each resolution:
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For
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Against
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Proxy Discretion
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Abstain
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Total
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Resolution One
Adoption of Remuneration Report
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689,352,751
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12,825,120
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126,258,917
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99,663
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828,536,451
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Resolution Two
Election of Director - Mr Bernard Pryor
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702,157,856
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517
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126,258,917
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119,163
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828,536,453
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Resolution Three
Re-election of Director - Mr Khomotsu Mosehla
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693,935,580
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8,222,793
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126,258,917
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119,163
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828,536,453
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Resolution Four
Re-election of Director - Mr Peter Cordin
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693,972,161
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8,208,212
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126,236,917
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119,163
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828,536,453
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Resolution Five
Issue of Options to David Brown
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692,863,554
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9,314,318
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126,258,917
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99,663
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828,536,452
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Resolution Six
Issue of Options to Investec
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702,121,191
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52,482
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126,258,917
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103,863
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828,536,453
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Following the approval of shareholders Mr Brown will be issued the first tranche of options under the Company's employee option plan, being 3,525,000 options for nil consideration, at an exercise price of 1.2 South African Rand (approximately 6.9 pence) per Share. The options will become exercisable on 1 February 2015 and expire on 1 February 2019. Mr Brown is also the beneficial owner of 325,000 shares representing 0.02% of the Company's issued share capital.
For more information contact:
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David Brown
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Chief Executive Officer
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Coal of Africa
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+27 10 003 8000
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Michael Meeser
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Chief Financial Officer
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Coal of Africa
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+27 10 003 8000
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Celeste Harris
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Investor Relations
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Coal of Africa
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+27 10 003 8000
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Tony Bevan
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Company Secretary
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Endeavour Corporate Services
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+61 08 9316 9100
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Company advisors:
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Jos Simson/Emily Fenton
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Financial PR (United Kingdom)
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Tavistock
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+44 20 7920 3150
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Chris Sim/George Price/Jeremy Ellis
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Nominated Adviser
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Investec Bank plc
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+44 20 7597 5970
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Charmane Russell/Jane Kamau
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Financial PR (South Africa)
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Russell & Associates
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+27 11 880 3924 or
+27 82 372 5816
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Investec Bank Limited is the nominated JSE Sponsor
About CoAL:
CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoAL's key projects include the Vele Colliery (coking and thermal coal), the Greater Soutpansberg Project /MbeuYashu, including CoAL's Makhado Project (coking and thermal coal).
This information is provided by RNS
The company news service from the London Stock Exchange
ENDRAGUWSURSUAAUAA
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