Eastern Platinum Announces Voting Results of Annual General and Special Meeting
Vancouver, British Columbia, June 13, 2014 – Eastern Platinum Limited (TSX & AIM:ELR; JSE:EPS) (“Eastplats” or the “Company”) is pleased to announce the voting results of its 2014 Annual General and Special Meeting (the “Meeting”) held yesterday.
Fix number of Directors
The ordinary resolution fixing the number of directors at 5 was approved. Shareholders present in person or represented by proxy at the Meeting voted as follows:
| Number of Shares | Percentage of Votes Cast | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| For | Against | Withheld/Abstain | For | Against | Withheld/Abstain | ||||
| 501,816,348 | 13,411,618 | 0 | 97.40% | 2.60% | 0.0% |
Election of Directors
All nominees listed in the management proxy circular for the Meeting were elected as directors of the Company. Shareholders present in person or represented by proxy at the Meeting voted as follows:
| Nominee | Number of Shares | Percentage of Votes Cast | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| For | Against | Withheld/Abstain | For | Against | Withheld/Abstain | |||||||
| Ian Rozier | 486,386,142 | 0 | 6,400,421 | 98.70% | 0.0% | 1.30% | ||||||
| David Cohen | 483,565,668 | 0 | 9,220,895 | 98.13% | 0.0% | 1.87% | ||||||
| Gordon Keep | 480,806,947 | 0 | 11,979,616 | 97.57% | 0.0% | 2.43% | ||||||
| J. Merfyn Roberts | 484,945,092 | 0 | 7,841,471 | 98.41% | 0.0% | 1.59% | ||||||
| Robert Gayton | 482,108,118 | 0 | 10,678,445 | 97.83% | 0.0% | 2.17% |
Appointment of Auditors
Deloitte LLP were appointed auditors of the Company to hold office until the close of the next annual general meeting of the Company, and the directors of the Company were authorized to fix the remuneration of the auditors. Shareholders present in person or represented by proxy at the Meeting voted as follows:
| Number of Shares | Percentage of Votes Cast | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| For | Against | Withheld/Abstain | For | Against | Withheld/Abstain | ||||
| 506,250,771 | 0 | 8,978,363 | 98.26% | 0.0% | 1.74% |
Share Option Plan
The resolution ratifying, confirming and approving the adoption of the Company’s 2011 Share Option Plan, as amended, was approved. Shareholders present in person or represented by proxy at the Meeting voted as follows:
| Number of Shares | Percentage of Votes Cast | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| For | Against | Withheld/Abstain | For | Against | Withheld/Abstain | ||||
| 326,830,813 | 165,955,750 | 0 | 66.32% | 33.68% | 0.0% |
.
Shareholders Rights Plan
The resolution ratifying, confirming and approving the adoption of a Shareholders Rights Plan of the Company was approved. Shareholders present in person or represented by proxy at the Meeting voted as follows:
| Number of Shares | Percentage of Votes Cast | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| For | Against | Withheld/Abstain | For | Against | Withheld/Abstain | ||||||
| 489,808,016 | 2,978,547 | 0 | 99.40% | 0.60% | 0.0% |
Share Consolidation and Subdivision
The special resolution ratifying, confirming and approving the Share Consolidation and Subdivision of the Company’s securities was approved. Shareholders present in person or represented by proxy at the Meeting voted as follows:
| Number of Shares | Percentage of Votes Cast | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| For | Against | Withheld/Abstain | For | Against | Withheld/Abstain | ||||||
| 498,959,683 | 16,269,450 | 0 | 96.84% | 3.16% | 0.0% |
The Share Consolidation and Subdivision is expected to be effective on June 27, 2014.
Cancellation of Trading on the AIM
The resolution ratifying, confirming and approving the cancellation of trading on the AIM was approved. Shareholders present in person or represented by proxy at the Meeting voted as follows:
| Number of Shares | Percentage of Votes Cast | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| For | Against | Withheld/Abstain | For | Against | Withheld/Abstain | ||||||
| 510,847,298 | 4,380,669 | 0 | 99.15% | 0.85% | 0.00% |
The last day of trading on the AIM is expected to be June 19, 2014.
Total shares issued and outstanding – 928,187,807
For further information, please contact:
EASTERN PLATINUM LIMITED Ian Rozier, President & C.E.O.
+1-604-685-6851 (tel)
+1-604-685-6493 (fax)
[email protected] www.eastplats.com
NOMAD:
Neil Elliot, Damien Hackett Canaccord Genuity Limited, London Tel: +44 (0) 207 7523 8000
JSE SPONSOR:
Johan Fourie PSG Capital (Pty) Limited Email: [email protected] Tel: +27 21 887 9602
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.