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OM HOLDINGS LIMITED
(ARBN 081 028 337)
19 May 2016
ASX Market Announcements ASX Limited
4th Floor
20 Bridge Street
SYDNEY NSW 2000
Dear Sir/Madam
RESULTS OF ANNUAL GENERAL MEETING
Pursuant to ASX Listing Rule 3.13.2, OM Holdings Limited (the "Company") advises that Resolutions 1 to 4 contained in the Notice of Annual General Meeting dated 19 April 2016, were passed based on a poll conducted at its Annual General Meeting ("AGM") held today.
The Company is pleased to report that approximately 55% of the Company's issued capital was represented by Shareholders who responded to and participated at the AGM.
Summaries of the poll voting and proxy results for the Resolutions are shown below:
Disclosure of Poll Results
|
Resolution
|
For
|
Against
|
Abstain/ Excluded
|
|
Resolution One
|
403,876,407
|
82,512
|
5,147
|
|
Receive and consider the 2015 financial statements
|
|
and reports
|
99.98%
|
0.02%
|
|
Resolution Two
|
403,874,155
|
62,184
|
27,727
|
|
Re-election of Mr Thomas Teo Liang Huat as a
|
|
Director
|
99.98%
|
0.02%
|
|
Resolution Three
|
403,745,436
|
190,903
|
27,727
|
|
Re-election of Mr Zainul Abidin Rasheed as a
|
|
Director
|
99.95%
|
0.05%
|
|
Resolution Four
Approval of Re-appointment of Auditor
|
345,022,306
85.42%
|
58,913,960
14.58%
|
27,800
|
#08 - 08, Parkway Parade 1
80 Marine Parade Road, 449269 Singapore
Tel: 65-6346 5515 Fax: 65-6342 2242
Email address: Website: www.omholdingsltd.com
ASX Code: OMH
Disclosure of Proxy Results
In accordance with section 251AA(1) of the Corporations Act 2001 (Cth), the following is provided to the Australian Securities Exchange in relation to the Resolutions considered by the Company's Shareholders.
The Company received proxy votes from 92 shareholders representing approximately 55% of the
Company's issued capital
who had directed their voting preferences or
had left their voting
preferences open at the proxy's discretion as follows:
|
Resolution
|
For
|
Against
|
Open Proxies at Discretion
|
Abstain/ Excluded
|
|
Resolution One
Receive and consider the 2014 financial statements and reports
|
403,514,657
|
82,512
|
361,750
|
5,147
|
|
Resolution Two
Re-election of Mr Thomas Teo Liang Huat as a Director
|
403,512,405
|
62,184
|
361,750
|
27,727
|
|
Resolution Three
Re-election of Mr Zainul Abidin Rasheed as a Director
|
403,383,686
|
190,903
|
361,750
|
27,727
|
|
Resolution Four
Approval of Re-appointment of Auditor
|
344,660,556
|
58,913,960
|
361,750
|
27,800
|
Yours faithfully
OM HOLDINGS LIMITED
Heng Siow Kwee/Julie Wolseley
Company Secretary
#08 - 08, Parkway Parade 2
80 Marine Parade Road, 449269 Singapore
Tel: 65-6346 5515 Fax: 65-6342 2242
Email address: [email protected] Website: www.omholdingsltd.com ASX Code: OMH
BACKGROUND PROFILE OF OM HOLDINGS LIMITED
OMH Holdings Limited (OMH) was listed on the ASX in March 1998 and has its foundations in metal materials trading - incorporating the sourcing and distribution of manganese ore products.
OMH is involved in mining manganese product in Australia and South Africa and smelting in Sarawak, East Malaysia.
The smelter in Sarawak is 75% owned by OMH and physical construction of Phase 1 of the ferrosilicon production facility has been completed.
Having commenced construction in Q3 2012, first tapping was achieved on 22 September 2014. The facilities' capacity of 308,000 tonnes per annum will make it one of the largest ferrosilicon smelters in the world. Manganese Alloy production is under review and is expected to commence in 2016.
OMH, through a wholly owned subsidiary, owns the Bootu Creek manganese mine in the Northern Territory. This mine has the capacity to produce up to 1,000,000 tonnes of manganese product per annum.
OMH also owns a 26% investment in Main Street 774 (Pty) Limited, which, in turn owns 50.1% interest in the world class Tshipi Borwa ("Tshipi") manganese mine in South Africa. This mine has the capacity to produce up to 2,400,000 tonnes of manganese product per annum when the permanent processing plant is completed.
The manganese products of Bootu Creek, and those from Tshipi, are exclusively marketed through OMH's trading division, OM Materials (S) Pte Ltd, and OM Tshipi Pte Ltd (33.33% owned) respectively. Through all these activities OMH has established itself as a significant manganese supplier to the global market.
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