Business
EGM results and updates on pr
EGM results and updates on pr.
About this update from Kazera Global Plc
[{"type":"text","content":"\n RNS Number : 9948P KazakhGold Group Ltd 27 July 2010 \n \n\n\n\n\n\nFor immediate release\n\n\n27 July 2010\n\n\n\n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO CANADA, AUSTRALIA, JAPAN OR THE RUSSIAN FEDERATION, OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF RELEVANT LAWS OR REQUIRE REGISTRATION THEREOF\n \n \n \nRESULTS OF EXTRAORDINARY GENERAL MEETING\nAND \nUPDATE ON PROPOSED COMBINATION WITH POLYUS GOLD\n \n \nRESULTS OF EXTRAORDINARY GENERAL MEETING\n \nThe Board of Directors of KazakhGold Group Limited (\"KazakhGold\" or the \"Company\") is pleased to announce that at the Extraordinary General Meeting (\"EGM\") held earlier today in London, all of the resolutions proposed as set out in the EGM Circular to shareholders dated 2 July 2010 (the \"Resolutions\"), were duly passed. The Resolutions are a part of the proposed combination of KazakhGold with OJSC Polyus Gold (\"Polyus Gold\") which was announced on 30 June 2010 (the \"Proposed Combination\"). \n \nThe Resolutions supported by shareholders approved an increase in the authorised share capital issue of KazakhGold, amendments to the Articles of Association and changing the company's name to Polyus Gold International, in due course. \n \nThe results of the EGM voting show that, aside from Jenington International Inc. (\"Jenington\"), a majority of the KazakhGold minority shareholders who voted have voted overwhelmingly in support of the Resolutions. \n \nCommenting on the outcome of the KazakhGold EGM, Evgeny I. Ivanov, Chief Executive Officer of Polyus Gold and Chairman of the Board of KazakhGold said: \n \n\"We are very pleased that shareholders have voted overwhelmingly in support of the Proposed Combination of Polyus Gold and KazakhGold. It is particularly pleasing that the minority shareholders of the Company have demonstrated strong support of the Resolutions\". \n \nDetails of results of the final EGM voting figures are shown as follows:\n \n\n\n\n\nSpecial Resolution\n\n\nFor\n\n\nAgainst\n\n\n\n\nNo 1\n\n\n84,991,699\n\n\n53,717\n\n\n\n\nNo 2\n\n\n83,454,553\n\n\n1,590,863\n\n\n\n\nNo 3\n\n\n84,991,699\n\n\n53,717\n\n\n\n\n \n99.9% of those KazakhGold shareholders present and voting voted in favour of Sp...