23 Apr 2015 12:42
Amsterdam, 23 April 2015
New World Resources
Annual General Meeting of Shareholders
Results of Voting
New World Resources Plc ('NWR' or the 'Company') announces that its shareholders approved twenty of the twenty two resolutions proposed at the Annual General Meeting (the 'AGM'), which took place today in Amsterdam, the Netherlands.
Resolutions 19 "Authorisation of the Directors to allot shares" and Resolution 20 "Authorisation of the Directors to disapply pre-emption rights" were not passed because the Company's majority shareholder voted against them.
A breakdown of the votes cast is as follows:
VOTES FOR | % | VOTES AGAINST | % | TOTAL VOTES | ||
Resolution 1: Approval of the Annual Report and Accounts 2014, and the reports of the directors and auditors | 5,269,670,438 | 100 | 0 | 0 | 5,269,670,438 | |
Resolution 2: Re-election of Gareth Penny as a Director | 5,220,263,846 | 99.15 | 44.925.648 | 0.85 | 5,265,189,494 | |
Resolution 3: Re-election of Marek Jelínek as a Director | 5,270,390,555 | 100 | 0 | 0 | 5,270,390,555 | |
Resolution 4: Re-election of Peter Kadas as a Director | 5,270,390,555 | 100 | 0 | 0 | 5,270,390,555 | |
Dual voting mechanism: Resolutions 5 - 9 | ||||||
Resolution 5: Re-election of Bessel Kok as a Director | CERCL Mining B.V.: 3,365,493,080
| 100 | 0 | 0 | 3,365,493,080 | 5,270,390,555 |
Free float: 1,904,897,475
| 100 | 0 | 0 | 1,904,897,475 | ||
Resolution 6: Re-election of Barry Rourke as a Director | CERCL Mining B.V.: 3,365,493,080 | 100 | 0 | 0 | 3,365,493,080 | 5,270,390,555 |
Free float: 1,904,897,475 | 100 | 0 | 0 | 1,904,897,475 | ||
Resolution 7: Re-election of Alyson Warhurst as a Director | CERCL Mining B.V.: 3,365,493,080
| 100 | 0 | 0 | 3,365,493,080 | 5,270,390,555 |
Free float: 1,904,897,475 | 100 | 0 | 0 | 1,904,897,475 | ||
Resolution 8: Re-election of Colin Keogh as a Director | CERCL Mining B.V.: 3,365,493,080
| 100 | 0 | 0 | 3,365,493,080 | 5,270,390,555 |
Free float: 1,899,687,276
| 99.73
| 5,210,199
| 0.27
| 1,904,897,475 | ||
Resolution 9: Re-election of Ian Ashby as a Director | CERCL Mining B.V.: 3,365,493,080
| 100 | 0 | 0 | 3,365,493,080 | 5,270,390,555 |
Free float: 1,904,897,475
| 100 | 0 | 0 | 1,904,897,475 | ||
Resolution 10: Election of Charles Harman as a Director | 5,270,390,555 | 100 | 0 | 0 | 5,270,390,555 | |
Resolution 11: Re-appointment of KPMG LLP as auditor
| 5,270,381,395 | 100 | 0 | 0 | 5,270,381,395 | |
Resolution 12: Authorisation of the Directors to determine the remuneration of auditor | 5,270,390,555 | 100 | 0 | 0 | 5,270,390,555 | |
Resolution 13: Approval of the policy section of the Directors' Remuneration Report | 5,270,381,395 | 100 | 9,160 | 0 | 5,270,390,555 | |
Resolution 14: Approval of the Directors' Remuneration Report | 5,265,180,334 | 99.90 | 5,210,221 | 0.10 | 5,270,390,555 | |
Resolution15: Approval of the rules of the Special Long-Term Incentive Plan | 5,265,178,525 | 99.90 | 5,212,030 | 0.10 | 5,270,390,555 | |
Resolution 16: Approval of the awards under the Special Long-Term Incentive Plan | 5,265,178,525 | 99.90 | 5,212,030 | 0.10 | 5,270,390,555 | |
Resolution 17: Approval of the New Annual Bonus Plan | 5,270,379,586 | 100 | 10,969 | 0 | 5,270,390,555 | |
Resolution 18: Approval of 2014 bonus | 5,265,178,525 | 99.90 | 5,202,870 | 0.10 | 5,270,381,395 | |
Resolution 19: Authorisation of the Directors to allot shares | 1,902,479,215 | 36.10 | 3,367,911,340 | 63.90 | 5,270,390,555 | |
Special Resolutions | ||||||
Resolution 20: Authorisation of the Directors to disapply pre-emption rights | 1,902,479,215 | 36.10 | 3,367,911,340 | 63.90 | 5,270,390,555 | |
Resolution 21: Authorisation of the Company to purchase its own shares | 4,780,418,897 | 90.70 | 489,971,658 | 9.30 | 5,270,390,555 | |
Resolution 22: Amendment to notice period of general meetings | 5,270,379,586 | 100 | 10,969 | 0 | 5,270,390,555 | |
A copy of the resolutions passed at the AGM has been submitted to the National Storage Mechanism and will shortly be available for inspection on the website: www.Hemscott.com/nsm.do.
For a detailed overview of the resolutions, please refer to the Notice of the AGM, published on 19 March 2015 and available on the Company's website.
The minutes of the AGM will be made available on the Company's website in due course.
- Ends -
Investor and Media Contact:
Radek Nemecek
Tel: +420 727 982 885
rnemecek@nwrgroup.eu
Website: www.newworldresources.eu
About NWR:
New World Resources Plc is a Central European hard coal producer. NWR produces quality coking and thermal coal for the steel and energy sectors in Central Europe through its subsidiary OKD, the largest hard coal mining company in the Czech Republic.