14 Aug 2014 15:18
14 August 2014
Results of AGM
Ncondezi Energy Limited (the "Company") announces the following outcome of the resolutions put to the Annual General Meeting of shareholders held on Thursday 14 August 2014. The Chairman decided that all resolutions were taken on a Poll.
Resolution 1: To receive and adopt the Company's financial statements for the year ended 31 December 2013 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 IssuedCapital | |
For: | 65,872,327 | 100.00 | 36.26 |
Against: | 0 | 0.00 | 0.00 |
Abstain: | 0 | 0.00 | 0.00 |
Discretionary: | 0 | 0.00 | 0.00 |
TOTAL: | 65,872,327 | 100.00 | 36.26 |
Resolution 2: To approve the Directors' Remuneration Report for the year ended 31 December 2013.
The resolution was passed, and the total number of votes cast was as follows:
Number | % of Vote | % of IssuedCapital | |
For: | 65,051,098 | 98.75 | 35.81 |
Against: | 821,229 | 1.25 | 0.45 |
Abstain: | 0 | 0.00 | 0.00 |
Discretionary: | 0 | 0.00 | 0.00 |
TOTAL: | 65,872,327 | 100.00 | 36.26 |
Resolution 3: To re-elect Estevão Pale 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 IssuedCapital | |
For: | 65,051,098 | 98.75 | 35.81 |
Against: | 821,229 | 1.25 | 0.45 |
Abstain: | 0 | 0.00 | 0.00 |
Discretionary: | 0 | 0.00 | 0.00 |
TOTAL: | 65,872,327 | 100.00 | 36.26 |
Resolution 4: To re-elect Michael Haworth 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 IssuedCapital | |
For: | 65,051,098 | 98.75 | 35.81 |
Against: | 821,229 | 1.25 | 0.45 |
Abstain: | 0 | 0.00 | 0.00 |
Discretionary: | 0 | 0.00 | 0.00 |
TOTAL: | 65,872,327 | 100.00 | 36.26 |
Resolution 5: To re-elect Jacek Glowacki as a Director of the Company.
The resolution was passed, and the total number of votes cast was as follows:
Number | % of Vote | % of IssuedCapital | |
For: | 65,872,327 | 100.00 | 36.26 |
Against: | 0 | 0.00 | 0.00 |
Abstain: | 0 | 0.00 | 0.00 |
Discretionary: | 0 | 0.00 | 0.00 |
TOTAL: | 65,872,327 | 100.00 | 36.26 |
Resolution 6: To authorise the Directors to appoint BDO 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 IssuedCapital | |
For: | 65,872,327 | 100.00 | 36.26 |
Against: | 0 | 0.00 | 0.00 |
Abstain: | 0 | 0.00 | 0.00 |
Discretionary: | 0 | 0.00 | 0.00 |
TOTAL: | 65,872,327 | 100.00 | 36.26 |
Resolution 7: 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 IssuedCapital | |
For: | 65,872,327 | 100.00 | 36.26 |
Against: | 0 | 0.00 | 0.00 |
Abstain: | 0 | 0.00 | 0.00 |
Discretionary: | 0 | 0.00 | 0.00 |
TOTAL: | 65,872,327 | 100.00 | 36.26 |
Resolution 8: Authority to issue shares.
The resolution was passed, and the total number of votes cast was as follows:
Number | % of Vote | % of IssuedCapital | |
For: | 65,870,827 | 100.00 | 36.26 |
Against: | 1,500 | 0.00 | 0.00 |
Abstain: | 0 | 0.00 | 0.00 |
Discretionary: | 0 | 0.00 | 0.00 |
TOTAL: | 65,872,327 | 100.00 | 36.26 |
Resolution 9: Disapplication of pre-emption rights.
The resolution was passed, and the total number of votes cast was as follows:
Number | % of Vote | % of IssuedCapital | |
For: | 65,870,827 | 100.00 | 36.26 |
Against: | 1,500 | 0.00 | 0.00 |
Abstain: | 0 | 0.00 | 0.00 |
Discretionary: | 0 | 0.00 | 0.00 |
TOTAL: | 65,872,327 | 100.00 | 36.26 |
Authorised by
Mr Michael Haworth
Non-Executive Chairman
Enquiries:
For further information please visit www.ncondezienergy.com or contact:
Ncondezi Energy
| Hanno Pengilly Alex Buck
| +44 (0) 20 7183 5402 |
Liberum Capital Limited: NOMAD & Broker | Simon Atkinson Christopher Britton
| +44 (0) 20 3100 2000 |
finnCap: Joint Broker
| Matthew Robinson Elizabeth Johnson Joanna Weaving
| +44 (0) 20 7220 0500 |
Bell Pottinger | Daniel Thöle Marianna Bowes | +44 (0) 20 7861 3232 |
Ncondezi Energy owns 100% of the Ncondezi Project which is strategically located in the power generating hub of the country, the Tete Province in northern Mozambique. The Company is developing an integrated thermal coal mine and power plant in phases of 300MW phases, up to 1,800MW. Commissioning is planned for 2017, followed by commercial operations in H1 2018. The first 300MW phase is targeting domestic consumption in Mozambique using reinforced existing transmission capacity to meet current demand.