Kazakhmys Announced Result of General Meeting
OREANDA-NEWS. September 28, 2011. Kazakhmys PLC (the ‘Company’) announces that at its General Meeting held today, each of the Waiver Resolutions put to Independent Shareholders were duly passed on a poll. The poll results showing the number of votes received for and against each Waiver Resolution, in total representing approximately 77% of the total number of 347,175,693 Ordinary Shares eligible to vote (being Ordinary Shares not held by Vladimir Kim, Oleg Novachuk and Eduard Ogay), are shown below.
Full details of the Waiver Resolutions passed, together with the background and explanatory notes, are set out in the circular sent to Shareholders on 9 September 2011 (the 'Circular') which is available on the Company's website at www.kazakhmys.com. The appendix to this announcement sets out the Concert Party's maximum potential interest in the voting share capital of the Company following the passing of the Waiver Resolutions, as also set out in paragraph 4 of Part II of the Circular.
Resolution |
For/ Discretion |
% |
Against |
% Total |
Vote Withheld* |
|
1. To approve the Rule 9 waiver |
|
|
|
|
|
|
granted by the Takeover Panel |
|
|
|
|
|
|
pursuant to the Buyback Authority |
211,890,053 |
79.55 |
54,473,861 |
20.45 266,363,914 |
1,544,894 |
|
2. To approve the Rule 9 waiver |
|
|
|
|
|
|
granted by the Takeover Panel |
|
|
|
|
|
|
pursuant to the vesting of |
|
|
|
|
|
|
LTIP Awards |
249,698,322 |
94.74 |
13,857,996 |
5.26 263,556,318 |
4,352,491 |
|
* '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. |
In accordance with LR 9.6.2, Kazakhmys PLC has submitted copies of the Waiver Resolutions passed at the 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 Circular.
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