|
13 November 2024
|
LSE:
PDL
|
Petra Diamonds Limited
(Petra
or the
Company)
Results of Annual General Meeting
Petra
Diamonds Limited announces that, at its Annual General Meeting
(AGM)
held earlier today, all resolutions set out in the revised Notice
of AGM put to the AGM were passed by the requisite
majority.
The full
text of each resolution is contained in the revised Notice of AGM,
which is available on the Company's website at
https://www.petradiamonds.com/investors/shareholders/meetings/.
Each of
the resolutions put to the Annual General Meeting was voted on by
way of a poll and the results are set out below.
Resolution 5 was withdrawn prior to the AGM as Ms Shine did not
offer herself up for re-election as a Director of the Company, as
announced on 11 November
2024.
|
Resolutions
|
Votes for (incl discretionary)
|
% of Votes cast
|
Votes against
|
% of Votes Cast
|
Total Votes Cast
|
Total Votes Withheld
|
|
ORDINARY RESOLUTIONS
|
-
|
To receive the Financial Statements of the Company for the year
ended 30 June 2024, together with the Reports of the Directors and
Auditors (the
Annual Report).
|
142,248,410
|
100.00%
|
-
|
0.00%
|
226
|
142,248,410
|
-
|
To approve the Directors’ Annual Remuneration Report for the year
ended 30 June 2024, as contained in the Annual Report.
|
142,246,798
|
100.00%
|
1,612
|
0.00%
|
226
|
142,248,410
|
-
|
To re-appoint BDO LLP as auditors to hold office until the
conclusion of the next AGM of the Company.
|
113,210,509
|
79.59%
|
29,037,944
|
20.41%
|
183
|
142,248,227
|
-
|
To authorise the Directors of the Company to fix the remuneration
of the auditors.
|
142,243,390
|
100.00%
|
5,063
|
0.00%
|
183
|
142,248,227
|
-
|
To re-elect Ms Varda Shine who retires in accordance with the
Company’s Bye-Laws, as a Director of the Company.
|
RESOLUTION
WITHDRAWN
|
-
|
To re-elect Mr Richard Neil Duffy, who retires in accordance with
the Company’s Bye-Laws, as a Director of the Company.
|
113,173,930
|
79.56%
|
29,074,502
|
20.44%
|
204
|
142,248,432
|
-
|
To re-elect Mr Bernard Robert Pryor, who retires in accordance with
the Company’s Bye-Laws, as a Director of the Company.
|
142,073,611
|
99.88%
|
174,821
|
0.12%
|
204
|
142,248,432
|
-
|
To re-elect Ms Deborah Gudgeon, who retires in accordance with the
Company’s Bye-Laws, as a Director of the Company.
|
142,060,673
|
99.87%
|
187,759
|
0.13%
|
204
|
142,248,432
|
-
|
To re-elect Ms Hillaren Lerato Molebatsi, who retires in accordance
with the Company’s Bye-Laws, as a Director of the
Company.
|
142,073,354
|
99.88%
|
175,078
|
0.12%
|
204
|
142,248,432
|
-
|
To elect Mr José Manuel Vargas who was appointed by the Company’s
Board of Directors in accordance with the Company’s Bye-Laws from 1
January 2024, as a Director of the Company.
|
142,207,835
|
99.97%
|
40,597
|
0.03%
|
204
|
142,248,432
|
-
|
On an advisory basis, to support the appointment of Mr Amre Youness
as a Board Observer from 1 May 2024, entitling him to attend but
not vote at Board meetings.
|
141,662,455
|
99.63%
|
528,402
|
0.37%
|
57,779
|
142,190,857
|
-
|
On an advisory basis, to support the appointment of Ms Alexandra
Watson as a Board Observer from 17 February 2024, entitling her to
attend but not vote at Board meetings.
|
84,795,129
|
59.63%
|
57,395,728
|
40.37%
|
57,779
|
142,190,857
|
-
|
To amend Bye-law 82.1 of the Company’s Bye-laws by deleting and
substituting it with the amended Bye-law set out in the revised
Notice of AGM.
|
116,013,540
|
81.59%
|
26,177,349
|
18.41%
|
57,747
|
142,190,889
|
Notes:
-
The Board
notes that although resolutions 3, 6, 12 and 13 passed, these
resolutions had a significant number of votes cast against them.
The Board will continue its ongoing dialogue with Shareholders and
consult as appropriate to fully understand any concerns in relation
to these resolutions. In
accordance with provision 4 of the 2018 UK Corporate Governance
Code, the Board shall provide an update on these engagements within
six months of the AGM.
-
As set out
in the Company's announcement on 11 November
2024, Varda
Shine did not offer herself up for re-election as a Director
at the AGM and therefore ceased to be Chair of the Board as well as
the Nomination and Investment Committees immediately following the
conclusion of the AGM today.
At the
time at which that announcement was made, over 99% of votes cast
were in favour of Ms Shine’s re-appointment. As also set out in
that announcement, José
Manuel Vargas has been appointed
Chair of the Board and Chair of the Investment Committee, with
effect from the conclusion of the AGM today.
Bernard Pryor, Senior Independent Director and Chair of the
Remuneration Committee, will become Chair of the Nomination
Committee.
~ Ends ~
For
further information, please contact:
Petra
Diamonds, London Telephone:
+44 20 7494 8203
Patrick Pittaway investorrelations@petradiamonds.com
Kelsey Traynor
About
Petra Diamonds Limited
Petra
Diamonds is a leading independent diamond mining group and a
supplier of gem quality rough diamonds to the international market.
The Company's portfolio incorporates interests in two underground
mines in South
Africa (the
Finsch and Cullinan Mines) and one
open pit mine in Tanzania (Williamson).
Petra's
strategy is to focus on value rather than volume production by
optimising recoveries from its high-quality asset base in order to
maximise their efficiency and profitability. The Group has a
significant resource base which supports the potential for
long-life operations.
Petra
strives to conduct all operations according to the highest ethical
standards and only operates in countries which are members of the
Kimberley Process. The Group aims to generate tangible value for
each of its stakeholders, thereby contributing to the
socio-economic development of its host countries and supporting
long-term sustainable operations to the benefit of its employees,
partners and communities.
Petra is
quoted with a premium listing on the Main Market of
the London
Stock Exchange under
the ticker 'PDL'. The Group's loan notes, due in 2026, are listed
on the Irish
Stock Exchange and
admitted to trading on the Global
Exchange Market. For more information, visit www.petradiamonds.com.