Company Announcements
Result of AGM
Related Companies
Result of 2015 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 64% of the total number of 446,677,203 Ordinary Shares in issue which carry voting rights of one vote per share.
The votes cast on resolutions 4, 5, 7, 8, 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 11,701,830 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 2014 Directors' and auditors' reports and the accounts of the Company |
283,961,333
|
99.98
|
42,751
|
0.02
|
284,004,084
|
1,075,311
|
|
2. To approve the 2014 Directors' Annual Report on Remuneration |
275,144,668
|
97.00
|
8,495,470
|
3.00
|
283,640,138
|
1,439,257
|
|
3. To elect Andrew Southam as a Director |
284,700,052
|
99.87
|
374,862
|
0.13
|
285,074,914
|
4,481
|
|
4. To elect John MacKenzie as a Director |
97,003,105**
|
99.99**
|
7,164**
|
0.01**
|
97,010,269**
|
4,481**
|
|
285,067,750
|
100.00 |
7,164 |
0.00 |
285,074,914 |
4,481 |
|
|
5. To re-elect Simon Heale as a Director
|
96,468,971**
|
99.44**
|
541,298**
|
0.56**
|
97,010,269**
|
4,481**
|
|
284,533,616
|
99.81
|
541,298
|
0.19
|
285,074,914
|
4,481
|
|
|
6. To re-elect Oleg Novachuk as a Director |
284,661,477
|
99.87
|
382,322
|
0.13
|
285,043,799
|
35,596
|
|
7. To re-elect Lynda Armstrong as a Director |
96,678,448**
|
99.66**
|
332,079**
|
0.34**
|
97,010,527**
|
4,223**
|
|
284,743,093
|
99.88
|
332,079
|
0.12
|
285,075,172
|
4,223
|
|
|
8. To re-elect Clinton Dines as a Director |
96,790,082**
|
99.77**
|
219,072**
|
0.23**
|
97,009,154**
|
5,596**
|
|
284,854,727
|
99.92
|
219,072
|
0.08
|
285,073,799
|
5,596
|
|
|
9. To re-elect Vladimir Kim as a Director |
284,608,956
|
99.85
|
435,797
|
0.15
|
285,044,753
|
34,642
|
|
10. To re-elect Michael Lynch-Bell as a Director |
96,791,496**
|
99.77**
|
218,522**
|
0.23**
|
97,010,018**
|
4,732**
|
|
284,856,141
|
99.92
|
218,522
|
0.08
|
285,074,663
|
4,732
|
|
|
11. To re-elect Charles Watson as a Director |
96,679,004**
|
99.66**
|
331,104**
|
0.34**
|
97,010,108**
|
4,642**
|
|
284,743,649
|
99.88
|
331,104
|
0.12
|
285,074,753
|
4,642
|
|
|
12. To re-appoint KPMG LLP as auditors |
285,030,904
|
99.98
|
43,519
|
0.02
|
285,074,423
|
4,947
|
|
13. To authorise the Directors to set the auditors' remuneration |
285,033,925
|
99.99
|
40,873
|
0.01
|
285,074,798
|
4,597
|
|
14. To renew the Directors' authority to allot shares |
277,258,306
|
97.26
|
7,816,989
|
2.74
|
285,075,295
|
4,100
|
|
15. To renew the Directors' authority to disapply pre-emption rights |
277,036,390
|
97.19
|
8,008,529
|
2.81
|
285,044,919
|
34,476
|
|
16. To authorise the Directors to make market purchases of the Company's shares |
285,068,730
|
100.00
|
6,540
|
0.00
|
285,075,270
|
4,125
|
|
17. To authorise the calling of general meetings on 14 clear days' notice |
277,808,788
|
97.45
|
7,266,420
|
2.55
|
285,075,208
|
4,187
|
*'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.
As previously disclosed and in accordance with LR 9.6.11 of the UK Listing Authority, Lord Renwick, independent non-executive Director, stepped down from the Board with effect from the conclusion of the Annual General Meeting.
In light of this, the Company can confirm that Lynda Armstrong, a current member of the Remuneration Committee will replace Lord Renwick as chair of the Remuneration Committee with immediate effect. Michael Lynch-Bell will also be appointed as a member of the Remuneration Committee and Lynda Armstrong will replace Lord Renwick as a member of the Nomination Committee with immediate effect.
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 www.hemscott.com/nsm.do.
Capitalised terms used in this announcement but not otherwise defined herein shall have the same meanings given in the Notice of Annual General Meeting.
Stephen Hodges
Company Secretary
Tel: + 44 (0)20 7901 7832
This information is provided by RNS
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