RESULT OF ANNUAL GENERAL MEETING

Back

6 June 2017

At the Company’s Annual General Meeting held at the Grosvenor Hotel, 101 Buckingham Palace Road, London, SW1W 0SJ, on the 6 June 2017 at 09.30am, all resolutions were decided by poll.

All the resolutions were duly passed. The results of the poll incorporating proxy votes lodged in advance of the meeting are set out below:

ORDINARY RESOLUTIONS FOR FOR
(% of shares
voted)
AGAINST AGAINST
(% of shares
voted)
WITHHELD
RESOLUTION 1
Reports and Accounts
94,930,650 99.99 13 0.01 10,561
RESOLUTION 2
Directors’ Remuneration Policy
85,580,439 90.15 9,354,785 9.85 6,000
RESOLUTION 3
Annual Report on Directors’ Remuneration
86,996,053 93.84 5,714,020 6.16 2,231,151
RESOLUTION 4
Re-appointment of Auditors
92,692,929 97.63 2,248,295 2.37 0
RESOLUTION 5
Remuneration of Auditors
94,879,007 99.93 62,217 0.07 0
RESOLUTION 6
Re-election of Mr Mike Salamon as a Director
91,819,722 96.72 3,115,502 3.28 6,000
RESOLUTION 7
Re-election of Mr Gavin Beevers as a Director
76,381,070 80.45 18,560,154 19.55 0
RESOLUTION 8
Re-election of Mr Michael Lynch-Bell as a Director
91,247,377 96.11 3,693,847 3.89 0
RESOLUTION 9
Re-election of Mr Clifford Elphick as a Director
69,406,983 73.11 25,534,241 26.89 0
RESOLUTION 10
Re-election of Mr Michael Michael as a Director
87,139,622 91.78 7,801,602 8.22 0
RESOLUTION 11
Re-election of Mr Glenn Turner as a Director
73,939,447 79.75 18,776,726 20.25 2,225,051
RESOLUTION 12
Approval of ESOP
86,882,941 91.51 8,058,283 8.49 0
RESOLUTION 13
Authority to allot shares
94,936,711 99.99 4,413 0.01 100
SPECIAL RESOLUTIONS
 
RESOLUTION 14
Disapplication of pre-emption rights
94,936,711 99.99 4,413 0.01 100
RESOLUTION 15
Purchase of own shares
92,650,234 97.64 2,239,334 2.36 51,656
  1. All resolutions were passed.
  2. Votes “For” and “Against” are expressed as a percentage of votes received.
  3. A “Vote withheld” is not a vote in law and is not counted in the calculation of the % of the shares voted “For” or “Against” a resolution.
  4. The total voting rights of the Company on 6 June 2017 is 138,506,326 Ordinary Shares of US$0.01 each. The Company holds no Ordinary Shares in Treasury.
  5. In accordance with LR 9.6.2, copies of the resolutions passed as special business will be submitted to the National Storage Mechanism website and will be available for inspection at www.morningstar.co.uk/uk/NSM.
  6. These poll results will be available shortly on the Company’s website www.gemdiamonds.com

The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.

FOR FURTHER INFORMATION:
Gem Diamonds Limited

Susan Wallace, Company Secretarial department
Tel: +44 (0) 203 043 0280

ir@gemdiamonds.com

Celicourt Communications

Joanna Boon / Mark Antelme
Tel: +44 (0) 207 520 9261

About Gem Diamonds:

Gem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho and 100% of the Ghaghoo mine in Botswana. The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world. Since Gem Diamonds’ acquisition of Letšeng in 2006, the mine has produced four of the 20 largest white gem quality diamonds ever recorded. The Ghaghoo mine in Botswana has been placed on care and maintenance until market conditions allow for recommencement of production.

www.gemdiamonds.com