ASX Announcement
20 November 2014
Level 9, 301 Coronation Drive, Milton QLD 4064 Australia
PO Box 2118, Toowong DC QLD 4066 Australia
phone + 61 (0) 7 3156 7777 fax + 61 (0) 7 3156 7776
www.carbonenergy.com.au
Carbon Energy Limited
ABN 56 057 552 137
Carbon Energy (Operations) Pty Ltd
ABN 61 105 176 967
RESULTS OF GENERAL MEETING OF SHAREHOLDES
20 NOVEMBER 2014
Carbon Energy (ASX:CNX, OTCQX:CNXAY) is pleased to announce that all resolutions put to the Annual General Meeting of Shareholders, held at 09:30 AEST today, 20 November 2014, were passed on a show of hands.
The proxy voting results are detailed below:
Resolution 1: To Re-Elect Dr Christopher Rawlings as a Director
For
|
Open
|
Against
|
Total Valid
Available
Votes
|
As a
% of Issued Capital
|
Abstain
|
Votes
|
296,447,113
|
6,774,193
|
20,237,416
|
323,458,722
|
24.25%
|
9,648,813
|
Holders
|
132
|
32
|
18
|
6
|
Percentage
|
91.65%
|
2.09%
|
6.26%
|
Resolution 2: To Re-Elect Mr Peter Hogan as a Director
For
|
Open
|
Against
|
Total Valid
Available
Votes
|
As a
% of Issued Capital
|
Abstain
|
Votes
|
290,996,759
|
6,807,024
|
25,644,939
|
323,448,722
|
24.25%
|
9,658,813
|
Holders
|
129
|
34
|
19
|
7
|
Percentage
|
89.97%
|
2.10%
|
7.93%
|
Resolution 3: Ratification of previous issue of 27,293,078 shares pursuant to Convertible Note
Facility
For
|
Open
|
Against
|
Total Valid
Available
Votes
|
As a
% of Issued Capital
|
Abstain
|
Votes
|
213,858,122
|
7,082,193
|
650,104
|
221,590,419
|
16.61%
|
194,147
|
Holders
|
121
|
35
|
20
|
9
|
Percentage
|
96.51%
|
3.20%
|
.29%
|
Resolution 4: Approval to issue an additional 10% of the issued capital of the Company over a
12 month period pursuant to Listing Rule 7.1A (Special Resolution)
For
|
Open
|
Against
|
Total Valid
Available
Votes
|
As a
% of Issued Capital
|
Abstain
|
Votes
|
314,095,010
|
8,832,193
|
7,726,858
|
330,654,061
|
24.79%
|
2,453,474
|
Holders
|
104
|
36
|
39
|
9
|
Percentage
|
94.99%
|
2.67%
|
2.34%
|
Resolution 5: To Adopt the Remuneration Report
For
|
Open
|
Against
|
Total Valid
Available
Votes
|
As a
% of Issued Capital
|
Abstain
|
Votes
|
272,346,451
|
3,748,965
|
4,312,551
|
280,407,967
|
21.03%
|
12,890,601
|
Holders
|
94
|
32
|
38
|
12
|
Percentage
|
97.13%
|
1.34%
|
1.54%
|
Resolution 6: To Approve the Issue of Options to Mr Morné Engelbrecht for the achievement of
Key Performance Indicators relating to the 2013-2014 Financial Year
For
|
Open
|
Against
|
Total Valid
Available
Votes
|
As a
% of Issued Capital
|
Abstain
|
Votes
|
296,848,596
|
6,918,168
|
19,858,603
|
323,625,367
|
24.27%
|
4,936,059
|
Holders
|
90
|
32
|
56
|
10
|
Percentage
|
91.73%
|
2.14%
|
6.14%
|
ENDS
For and on behalf of the Board
Tracy Bragg
General Counsel & Company Secretary
www.carbonenergy.com.au
About Carbon Energy
Carbon Energy (ASX: CNX) (OTCQX: CNXAY) is building a Queensland gas business.
The Company is committed to providing Australian industrial gas users with an affordable and secure source of high quality gas, as gas prices continue to rise with increased overseas demand.
Carbon Energy is developing a new Queensland-based energy portfolio. Subject to government approvals, the Company is currently developing its first commercial project, the Blue Gum Gas Project, near Dalby in Queensland. This plant will supply
25PJ of natural gas per annum and is located within easy access to markets, and close to existing infrastructure.
Additionally, Carbon Energy has the potential to supply the growing overseas markets.
A key competitive advantage for Carbon Energy has been the development of its unique keyseam technology. This proven and highly controlled technology enables access to productive gas resources that were previously considered too deep or uneconomic.
keyseam maximises resource efficiency, while minimising surface disturbance and preserving groundwater quality. Originally developed by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) it has been proven through six years of field trials.
Alongside its local operations, Carbon Energy works with international partners to unlock new energy resources offshore. The Company delivers end-to-end services from initial project assessment through to commercial project development, operations, site decommissioning and rehabilitation. It also has an established project in Inner Mongolia, China.
Carbon Energy is headquartered in Brisbane, Australia, is listed on the Australian Securities Exchange (ASX) as CNX and is quoted on the OTCQX International Exchange as CNXAY in the United States.
keyseam® is a registered Trademark of Carbon Energy Ltd
www.carbonenergy.com.au