Kazakhmys Announced Results of AGM 2013
OREANDA-NEWS. Kazakhmys 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 for Resolutions 1 to 19 represent approximately 79% of the total number of 523,718,350 Ordinary Shares in issue which carry voting rights of one vote per share. In accordance with the Code, the Concert Party (comprising Vladimir Kim, Oleg Novachuk and Eduard Ogay) has not voted its interest in 188,064,645 Ordinary Shares in respect of Resolution 20 (the ‘LTIP Waiver Resolution’) and therefore the poll results for this resolution represent approximately 66% of the total number of 335,653,705 Ordinary Shares eligible to vote.
The Company currently holds 11,701,830 Ordinary Shares in treasury which do not carry voting rights.
Resolution |
For/ Discretion |
% |
Against |
% |
Total |
Vote Withheld* |
1. To receive the 2012 report and accounts |
411,448,626 |
100.00 |
7,751 |
0.00 |
411,456,377 |
3,135,960 |
2. To declare the final dividend for 2012 |
413,962,939 |
100.00 |
4,533 |
0.00 |
413,967,472 |
624,865 |
3. To approve the 2012 Directors' Remuneration Report |
408,767,173 |
98.85 |
4,768,287 |
1.15 |
413,535,460 |
1,056,283 |
4. To elect Michael Lynch-Bell as a Director |
413,447,853 |
99.88 |
514,600 |
0.12 |
413,962,453 |
629,599 |
5. To re-elect Vladimir Kim as a Director |
41 2,260,822 |
99.59 |
1,702,943 |
0.41 |
413,963,765 |
628,339 |
6. To re-elect Oleg Novachuk as a Director |
413,214,189 |
99.82 |
749,516 |
0.18 |
413,963,705 |
628,399 |
7. To re-elect Eduard Ogay as a Director |
413,213,404 |
99.82 |
750,301 |
0.18 |
413,963,705 |
628,399 |
8. To re-elect Philip Aiken as a Director |
412,805,325 |
99.72 |
1,158,380 |
0.28 |
413,963,705 |
628,399 |
9. To re-elect Clinton Dines as a Director |
401,143,726 |
96.90 |
12,819,688 |
3.10 |
413,963,414 |
628,689 |
10. To re-elect Simon Heale as a Director |
413,080,735 |
99.79 |
882,770 |
0.21 |
413,963,505 |
628,599 |
11. To re-elect Lord Renwick as a Director |
413,138,369 |
99.80 |
825,084 |
0.20 |
413,963,453 |
628,599 |
12. To re-elect Charles Watson as a Director |
413,449,283 |
99.88 |
514,370 |
0.12 |
413,963,653 |
628,399 |
13. To re-elect Daulet Yergozhin as a Director |
400,375,407 |
96.78 |
13,335,469 |
3.22 |
413,710,876 |
881,227 |
14. To appoint KPMG Audit Plc as auditors |
413,953,969 |
100.00 |
9,994 |
0.00 |
413,963,963 |
628,089 |
15. To authorise the Directors to set the auditors' remuneration |
413,953,351 |
100.00 |
11,146 |
0.00 |
413,964,497 |
627,840 |
16. To renew the Directors' authority to allot shares |
409,741,604 |
98.99 |
4,182,726 |
1 .01 |
413,924,330 |
670,914 |
17. To renew the Directors' authority to disapply preemption rights |
413,878,602 |
99.98 |
90,155 |
0.02 |
413,968,757 |
626,487 |
18. To authorise the Directors to make market purchases of the Company's shares |
413,780,300 |
99.95 |
186,939 |
0.05 |
413,967,239 |
624,865 |
19. To authorise the calling of general meetings on 14 clear days' notice |
406,060,800 |
98.09 |
7,906,336 |
1 .91 |
413,967,136 |
624,865 |
20. To approve the LTIP Waiver granted by the Takeover Panel pursuant to the vesting of LTIP Awards |
212,250,714 |
96.15 |
8,494,160 |
3.85 |
220,744,874 |
1,227,194 |
*‘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.
Following the passing of the LTIP Waiver Resolution by Independent Shareholders, and assuming vesting of Ordinary Shares to the maximum extent possible under all approved LTIP awards granted to Oleg Novachuk and Eduard Ogay to date, the Concert Party’s maximum potential interest in the voting share capital of the Company would be 189,290,851 representing 36.14%.
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