Namakwa Diamonds Limited Result of AGM (1374X)
05 February 2013 - 8:44PM
UK Regulatory
TIDMNAD
RNS Number : 1374X
Namakwa Diamonds Limited
05 February 2013
5 February 2013
Namakwa Diamonds Limited (LSE: NAD)
("Namakwa" or the "Company")
Results of the 2013 Annual General Meeting
The Company is pleased to announce the results of its Annual
General Meeting of Shareholders held in Cape Town, South Africa on
Monday 4 February 2013 at 5pm (South African time). Resolutions 1
to 12 were proposed as ordinary resolutions and Resolutions 13 to
15 were proposed as special resolutions.
Resolutions Votes % Votes % Votes %
For Against Withheld
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
1. To receive and adopt
the Annual Report and Accounts
of the Company for the year
ended 31 August 2012. 866,675,113 100.00 - - - -
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
2. To approve the Directors'
Remuneration Report for
the financial year ended
31 August 2012. 866,435,113 99.97 240,000 0.03 - -
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
3. To elect Melissa Sturgess
as a Director. 866,675,113 100.00 - - - -
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
4. To elect Robert Reid
as a Director. 866,435,113 99.97 240,000 0.03 - -
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
5. To elect Vladimir Kravets
as a Director. 866,435,113 99.97 240,000 0.03 - -
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
6. To elect Theo Botoulas
as a Director. 866,675,113 100.00 - - - -
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
7. To elect Craig Campbell
as a Director. 866,675,113 100.00 - - - -
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
8. To elect Marthinus Mulder
as a Director. 866,675,113 100.00 - - - -
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
9. To elect Gerard Holden
as a Director. 866,435,113 99.97 240,000 0.03 - -
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
10. To appoint Deloitte
& Touche as auditors of
the Company and to authorise
the Audit, Risk & Compliance
Committee to determine their
remuneration. 866,429,821 99.97 - - 245,292 0.03
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
11. To approve that the
Directors be authorised
to allot up to 1,431,837
ordinary shares of US$0.000625
each in connection with
the acquisition or the financing
of the acquisition of up
to 1,431,837 "A" Preference
Shares in the capital of
Namakwa Diamond Holdings
(Pty) Limited. 36,759,330 4.24 829,675,783 95.73 240,000 0.03
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
12. To authorise the Directors
to allot relevant securities
(as defined in the Company's
Bye-laws) and to allot equity
securities (as defined in
the Company's Bye-laws)
by way of a rights issue. 36,754,038 4.24 829,675,783 95.73 245,292 0.03
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
13. To authorise the disapplication
of pre-emption rights (as
defined in the Company's
Bye-laws) in respect of
the allotment referred to
in Resolution 11. 36,754,038 4.24 829,675,783 95.73 245,292 0.03
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
14. To authorise the disapplication
of pre-emption rights (as
defined in the Company's
Bye-laws) in respect of
the allotment referred to
in Resolution 12. 36,994,038 4.27 829,681,075 95.73 - -
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
15. To renew the authority
of the Directors to purchase
the Company's ordinary shares
in the market. 36,994,038 4.27 829,675,783 95.73 5,292 -
------------------------------------- ------------ ------- ------------ ------ ---------- ---------
Notes to the disclosure
Any proxy appointments which gave discretion to the Chairman
have been included in the "For" total. A vote withheld is not a
vote in law and is not counted in the calculation of proportion of
votes "For" or "Against" a resolution. Unless the context otherwise
requires, terms defined in the circular published by the Company in
respect of the Annual General Meeting (and available on the
Company's website) have the same meaning in this announcement.
For further information please visit www.namakwadiamonds.com or
contact:
Namakwa Diamonds Shore Capital
Theo Botoulas +27 11 334 8886 Pascal Keane +44 20 7408 4090
Tavistock Communications
Simon Hudson/Kelsey Traynor +44 20 7920 3150
About Namakwa Diamonds Limited
Namakwa is a diamond resource group, which seeks to extract
maximum value from the marketing and sale of Group mined and
contracted production.
The Group's mining activities are focused on the Kao mine in
Lesotho. Operated by Storm Mountain Diamonds, the Kao Main Pipe
Complex represents a resource endowment of c.183Mt of kimberlite
ore containing c.11.6M carats ("cts") (3.3Mcts Indicated and
8.3Mcts at Inferred levels of confidence), with an additional
c.1.7Mcts at a Deposit level of confidence, in which Namakwa holds
a 62.5% interest. The other shareholders are the Government of
Lesotho (25%) and Kimberlite Investments Lesotho Limited
(12.5%).
The Group also maintains alluvial mining operations in the North
West Province of South Africa and resource-development and
exploration assets in the Northern Cape Province of South Africa
and in the offshore marine environment of Namibia. These combined
resources add a further c.6.9Mcts at Indicated and Inferred levels
of confidence to the Group's Global Resource Inventory which stands
at 18, 535, 700 carats as at 31 August 2012.
Namakwa is listed on the AIM market of the London Stock Exchange
under the ticker symbol NAD.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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