2009 AGM Results
(Thomson Reuters ONE) - AIM RELEASE24 November 2009 RESULTS FROM ANNUAL GENERAL MEETING OF DISCOVERY METALS LIMITEDIn accordance with Section 251AA of the Corporations Act (Cwlth,Australia), the following information is provided in relation to theresolutions passed by members of Discovery Metals Limited at itsAnnual General Meeting held on Tuesday 24 November 2009. Allresolutions were duly carried on a show of hands.ORDINARY RESOLUTIONSResolution 1 - Remuneration report"That the Remuneration Report as disclosed in the Annual Directors'Report for the year ended 30 June 2009 is approved for the purposesof the Corporations Act 2001."The resolution was passed on a show of hands.The total number of proxy votes exercisable by all proxies validlyappointed was 91,755,485.Instructions in respect of the proxies were:+------------------------------------------+| Instruction | Number of Votes | Total % ||-------------+-----------------+----------|| For | 79,381,448 | 86.51% ||-------------+-----------------+----------|| Against | 8,838,699 | 9.63% ||-------------+-----------------+----------|| Abstain | 3,240,000 | 3.53% ||-------------+-----------------+----------|| Open | 295,338 | 0.33% |+------------------------------------------+Resolution 2 - Election of Director, Mr Gordon Galt"That in accordance with the Constitution of the Company, Mr GordonGalt who retires by rotation and being eligible, it is resolved thatMr Gordon Galt be re-elected as a Director of Discovery MetalsLimited." The resolution was passed on a show of hands.The total number of proxy votes exercisable by all proxies validlyappointed was 91,755,485.Instructions in respect of the proxies were:+------------------------------------------+| Instruction | Number of Votes | Total % ||-------------+-----------------+----------|| For | 91,450,486 | 99.67% ||-------------+-----------------+----------|| Against | 13,499 | 0.01% ||-------------+-----------------+----------|| Abstain | 0 | 0 ||-------------+-----------------+----------|| Open | 291,500 | 0.32% |+------------------------------------------+Resolution 3 - Election of Director, Mr John Shaw"That in accordance with the Constitution of the Company, Mr JohnShaw who retires by rotation and being eligible, it is resolved thatMr John Shaw be re-elected as a Director of Discovery MetalsLimited."The resolution was passed on a show of hands.The total number of proxy votes exercisable by all proxies validlyappointed was 91,755,485.Instructions in respect of the proxies were:+------------------------------------------+| Instruction | Number of Votes | Total % ||-------------+-----------------+----------|| For | 90,536,937 | 98.67% ||-------------+-----------------+----------|| Against | 822,048 | 0.90% ||-------------+-----------------+----------|| Abstain | 100,000 | 0.11% ||-------------+-----------------+----------|| Open | 296,500 | 0.32% |+------------------------------------------+Resolution 4 - Issue of Incentive Options to Director - Mr MorriceCordiner"That, for the purpose of Listing Rules 7.1 and 10.14 of the ASXListing Rules and Chapter 2E of the Corporations Act and for allother purposes, Shareholders approve the grant to Mr MorriceCordiner, a Director of the Company, of 1,000,000 options under theOption Plan to subscribe for fully paid ordinary shares in theCompany on the terms set out in the attached Explanatory Statement."The resolution was passed on a show of hands.The total number of proxy votes exercisable by all proxies validlyappointed was 91,638,185.Instructions in respect of the proxies were:+-------------------------------------------+| Instruction | Number of Votes | Total % ||-------------+-----------------+-----------|| For | 78,572,436 | 85.74% ||-------------+-----------------+-----------|| Against | 9,815,749 | 10.71% ||-------------+-----------------+-----------|| Abstain | 3,200,000 | 3.50% ||-------------+-----------------+-----------|| Open | 50,000 | 0.05% |+-------------------------------------------+Resolution 5 - Issue Of Options To Resource Capital Funds Management"That, in accordance with Listing Rule 7.1 and for all otherpurposes, Shareholders approve and authorise the grant by theDirectors to Resource Capital Funds Management Pty Ltd of 8,518,519unlisted options for no consideration to subscribe for ordinaryshares in the Company as set out in the Explanatory Statement(witheach RCF Option to subscribe for one fully paid ordinary share in thecapital of the Company at an exercise price of 30 cents per share andwith an expiry date of 25 May 2010) at any time during the period of3 months after the date of the Annual General Meeting and upon theterms and conditions as disclosed in the Explanatory Statementaccompanying this Notice of Meeting".The resolution was passed on a show of hands.The total number of proxy votes exercisable by all proxies validlyappointed was 70,518,057.Instructions in respect of the proxies were:+------------------------------------------+| Instruction | Number of Votes | Total % ||-------------+-----------------+----------|| For | 68,228,516 | 96.75% ||-------------+-----------------+----------|| Against | 1,998,041 | 2.84% ||-------------+-----------------+----------|| Abstain | 0 | 0 ||-------------+-----------------+----------|| Open | 291,500 | 0.41% |+------------------------------------------+Resolution 6 - Approval to issue ordinary shares"That for the purpose of Listing Rule 7.1 and for all other purposes,approval is given for the Company to allot and issue up to 29,000,000ordinary shares in the Company at any time during the period of 3months after the date of the Annual General Meeting at a minimumissue price per Share which is at least 80% of the average marketprice of the Company's Shares over the last five trading days priorto the day on which the issue is made, by way of a placement toinvestors that may be identified by the Company or that fall withinone or more of the classes of exemptions specified in Section 708 ofthe Corporations Act. Full details of the nature of the allotment ofShares are set out in the Explanatory Statement accompanying thisNotice of Meeting."The resolution was passed on a show of hands.The total number of proxy votes exercisable by all proxies validlyappointed was 91,755,485.Instructions in respect of the proxies were:+------------------------------------------+| Instruction | Number of Votes | Total % ||-------------+-----------------+----------|| For | 91,317,643 | 99.52% ||-------------+-----------------+----------|| Against | 144,192 | 0.16% ||-------------+-----------------+----------|| Abstain | 2,150 | <0.0001% ||-------------+-----------------+----------|| Open | 291,500 | 0.32% |+------------------------------------------+SPECIAL RESOLUTIONResolution 7 - Approval to renew the proportional takeover approvalprovisions in theCompany's constitution"That the Company renews its proportional takeover approvalprovisions in the form set out in Clause 9 of the Constitution ofDiscovery Metals Limited (an extract of which is set out in theExplanatory Statement attached to this Notice of Meeting), for thepurposes of section 648G of the Corporations Act."The resolution was passed on a show of hands.The total number of proxy votes exercisable by all proxies validlyappointed was 91,755,485.Instructions in respect of the proxies were:+------------------------------------------+| Instruction | Number of Votes | Total % ||-------------+-----------------+----------|| For | 90,610,335 | 98.75% ||-------------+-----------------+----------|| Against | 846,500 | 0.93% ||-------------+-----------------+----------|| Abstain | 2,150 | <0.0001% ||-------------+-----------------+----------|| Open | 296,500 | 0.32% |+------------------------------------------+For further information contact:Discovery Metals LimitedBrad SampsonManaging DirectorTel: +617 3218 0200Fairfax I.S. PLCEwan Leggat / Laura LittleyTel: +44 (0)20 7598 5368Conduit PRJos Simson/Fiona HylandTel: +44 (0) 20 7429 6603Mobile: +44 (0)7899 870 450Further information on the Company is available on its website:www.discoverymetals.com.au---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 24.11.2009 - 08:49 Uhr
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