Result of 2019 Annual General Meeting
KAZ Minerals PLC (the 'Company') announces that at its Annual General Meeting held today, all the resolutions put to shareholders were duly passed on a poll. The poll results showing the number of votes received for and against each resolution are shown below. The poll results represent approximately 75.2% of the total number of 471,288,333 Ordinary Shares in issue which carry voting rights of one vote per share.
The votes cast on resolutions 6,7,9,10 and 11 relating to the election or re-election of the independent non-executive Directors, have been calculated separately. These resolutions were duly passed by a majority of votes cast by both Independent Shareholders as well as by a majority of votes cast by all Shareholders. The result of the votes cast by the Independent Shareholders (marked with an **) and the votes cast by all Shareholders are set out below.
The Company currently holds 9,435,644 Ordinary Shares in treasury which do not carry voting rights.
Full details of the resolutions passed, together with explanatory notes, are set out in the Notice of Annual General Meeting which is available on the Company's website at www.kazminerals.com.
|
Resolution |
For/ Discretion |
% |
Against |
% |
Total |
Vote Withheld* |
|
1. To receive the 2018 Directors' and auditors' reports and the accounts of the Company |
353,226,854 |
99.82 |
644,300 |
0.18 |
353,871,154 |
415,352 |
|
2. To approve the 2018 Directors' Report on Remuneration |
344,432,498 |
97.22 |
9,836,899 |
2.78 |
354,269,397 |
17,109 |
|
3. To declare a final dividend for 2018 of 6.0 US cents per ordinary share |
354,284,626 |
100.00 |
1,060 |
0.00 |
354,285,686 |
821 |
|
4. To re-elect Oleg Novachuk as a Director |
343,400,289 |
97.14 |
10,094,199
|
2.86
|
353,494,488
|
791,911
|
|
5. To re-elect Andrew Southam as a Director
|
353,486,263 |
99.78 |
766,024 |
0.22 |
354,252,287 |
34,220 |
|
6. To re-elect Lynda Armstrong as a Director |
191,246,827** |
93.79** |
12,658,793** |
6.21** |
203,905,620** |
32,807** |
|
341,594,906
|
96.43
|
12,658,793
|
3.57
|
354,253,699
|
32,807
|
|
|
7. To re-elect Alison Baker as a Director |
203,255,457** |
99.68** |
650,164** |
0.32** |
203,905,621** |
32,807** |
|
353,603,536 |
99.82 |
650,164 |
0.18 |
354,253,700 |
32,807 |
|
|
8. To re-elect Vladimir Kim as a Director |
352,052,153 |
99.37 |
2,229,812 |
0.63 |
354,281,965 |
4,542 |
|
9. To re-elect Michael Lynch-Bell as a Director |
196,269,190** |
96.55** |
7,017,856** |
3.45** |
203,287,046** |
650,090** |
|
346,617,269
|
98.02
|
7,017,856
|
1.98
|
353,635,125
|
650,090
|
|
|
10. To re-elect John MacKenzie as a Director |
203,254,122** |
99.68** |
651,007** |
0.32** |
203,905,129** |
33,299** |
|
353,602,201
|
99.82
|
651,007
|
0.18
|
354,253,208
|
33,299
|
|
|
11. To re-elect Charles Watson as a Director |
202,607,819**
|
99.36**
|
1,269,388**
|
0.64**
|
203,904,207**
|
34,220**
|
|
352,955,898 |
99.63 |
1,296,388 |
0.37 |
354,252,286 |
34,220 |
|
|
12. To re-appoint KPMG LLP as auditors of the Company |
353,613,508 |
99.99 |
49,643 |
0.01 |
353,663,151 |
623,354 |
|
13. To authorise the Audit Committee to determine the remuneration of the auditors |
354,265,257 |
100.00 |
4,315 |
0.00 |
354,269,572 |
16,935 |
|
14. To renew the Directors' authority to allot shares |
344,535,359 |
97.25 |
9,748,159 |
2.75 |
354,283,518 |
2,989 |
|
15. To renew the Directors' authority to disapply pre-emption rights |
354,253,838 |
99.99 |
24,450 |
0.01 |
354,278,288 |
8,219 |
|
16. To authorise the Directors to disapply pre-emption rights in connection with an acquisition or specified capital investment |
353,490,639 |
99.78 |
787,764 |
0.22 |
354,278,403 |
8,103 |
|
17. To authorise the Directors to make market purchases of the Company's shares
|
353,506,880 |
99.79 |
748,001 |
0.21 |
354,254,881 |
31,625 |
|
18. To authorise the calling of general meetings on 14 clear days' notice |
340,516,177 |
96.11 |
13,767,941 |
3.89 |
354,284,118 |
2,389 |
*'Vote Withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.
** Result of the votes cast by the Independent Shareholders.
In accordance with LR 9.6.2 of the UK Listing Authority, KAZ Minerals PLC has submitted copies of the special resolutions passed at its Annual General Meeting to the National Storage Mechanism which will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.
Capitalised terms used in this announcement but not otherwise defined herein shall have the same meanings given in the Notice of Annual General Meeting.
Susanna Freeman
Company Secretary
Tel: + 44 (0)20 7901 7800
2 May 2019
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
