16 August 2016
Results of AGM
Zanaga Iron Ore Company Limited ("ZIOC" or the "Company") (AIM:ZIOC) announces the following outcome of the resolutions put to the Annual General Meeting of shareholders held on Tuesday 16 August 2016. All resolutions were taken on a Poll in accordance with the Company's Articles of Association.
Resolution 1: To receive and adopt the Company's financial statements for the year ended 31 December 2015 together with the Directors' report and Auditors' report on those accounts.
The resolution was passed, and the total number of votes cast was as follows:
|
|
Number |
% of Vote |
% of Issued |
|
For: |
204,938,911 |
99.95 |
73.51 |
|
Against: |
100,000 |
0.05 |
0.04 |
|
Abstain: |
0 |
0 |
0 |
|
Discretionary: |
0 |
0 |
0 |
|
TOTAL: |
205,038,911 |
100 |
73.55 |
Resolution 2: To approve the Directors' Remuneration Report for the year ended 31 December 2015.
The resolution was passed, and the total number of votes cast was as follows:
|
|
Number |
% of Vote |
% of Issued |
|
For: |
204,938,911 |
99.95 |
73.51 |
|
Against: |
100,000 |
0.05 |
0.04 |
|
Abstain: |
0 |
0 |
0 |
|
Discretionary: |
0 |
0 |
0 |
|
TOTAL: |
205,038,911 |
100 |
73.55 |
Resolution 3: To re-elect Clinton James Dines who retires by rotation as a Director of the Company.
The resolution was passed, and the total number of votes cast was as follows:
|
|
Number |
% of Vote |
% of Issued |
|
For: |
204,770,222 |
99.87 |
73.45 |
|
Against: |
268,689 |
0.13 |
0.10 |
|
Abstain: |
0 |
0 |
0 |
|
Discretionary: |
0 |
0 |
0 |
|
TOTAL: |
205,038,911 |
100 |
73.55 |
Resolution 4: To authorise the Directors to appoint KPMG LLP as auditors of the Company to hold office from conclusion of the meeting to the conclusion of the next meeting at which accounts are to be laid before the Company.
The resolution was passed, and the total number of votes cast was as follows:
|
|
Number |
% of Vote |
% of Issued |
|
For: |
204,938,911 |
99.95 |
73.51 |
|
Against: |
100,000 |
0.05 |
0.04 |
|
Abstain: |
0 |
0 |
0 |
|
Discretionary: |
0 |
0 |
0 |
|
TOTAL: |
205,038,911 |
100 |
73.55 |
Resolution 5: To authorise the Directors to agree the Auditors' remuneration.
The resolution was passed, and the total number of votes cast was as follows:
|
|
Number |
% of Vote |
% of Issued |
|
For: |
204,938,911 |
99.95 |
73.51 |
|
Against: |
100,000 |
0.05 |
0.04 |
|
Abstain: |
0 |
0 |
0 |
|
Discretionary: |
0 |
0 |
0 |
|
TOTAL: |
205,038,911 |
100 |
73.55 |
Resolution 6: Authority to issue shares.
The resolution was passed, and the total number of votes cast was as follows:
|
|
Number |
% of Vote |
% of Issued |
|
For: |
204,938,911 |
99.95 |
73.51 |
|
Against: |
100,000 |
0.05 |
0.04 |
|
Abstain: |
0 |
0 |
0 |
|
Discretionary: |
0 |
0 |
0 |
|
TOTAL: |
205,038,911 |
100 |
73.55 |
Resolution 7: Disapplication of pre-emption rights.
The resolution was passed as a special resolution, and the total number of votes cast was as follows:
|
|
Number |
% of Vote |
% of Issued |
|
For: |
204,938,911 |
99.95 |
73.51 |
|
Against: |
100,000 |
0.05 |
0.04 |
|
Abstain: |
0 |
0 |
0 |
|
Discretionary: |
0 |
0 |
0 |
|
TOTAL: |
205,038,911 |
100 |
73.55 |
Special Resolution 8: Approval for on market purchases of Shares.
The resolution was passed as a special resolution, and the total number of votes cast was as follows:
|
|
Number |
% of Vote |
% of Issued |
|
For: |
204,938,911 |
99.95 |
73.51 |
|
Against: |
100,000 |
0.05 |
0.04 |
|
Abstain: |
0 |
0 |
0 |
|
Discretionary: |
0 |
0 |
0 |
|
TOTAL: |
205,038,911 |
100 |
73.55 |
Authorised by
Mr Clifford Elphick
Non-Executive Chairman
For further information please contact:
Zanaga Iron Ore
Corporate Development and Andrew Trahar
Investor Relations Manager +44 20 7399 1105
Liberum Capital Limited
Nominated Adviser, Financial Richard Crawley
Adviser and Corporate Broker Neil Elliot
+44 20 3100 2000
Bell Pottinger
Financial PR Marianne Bowes
and Daniel Thöle
+44 20 3772 2500
About us:
Zanaga Iron Ore Company Limited (AIM ticker: ZIOC) is the owner of 50% less one share in the Zanaga Iron Ore Project based in the Republic of Congo (Congo Brazzaville) through its joint venture partnership with Glencore. The Zanaga Iron Ore Project is one of the largest iron ore deposits in Africa and has the potential to become a world-class iron ore producer.