TIDMNYO

RNS Number : 8264Q

Nyota Minerals Limited

02 December 2016

For Immediate Release

2 December 2016

NYOTA MINERALS LIMITED

("NYOTA" OR THE "COMPANY")

RESULTS OF 2016 ANNUAL GENERAL MEETING

The Board of the Company announces that the following resolutions were passed on a show of hands by shareholders at the Annual General Meeting of Nyota held on Wednesday 30 November 2016.

 
     Resolution                                      Outcome 
    ----------------------------------------------  -------- 
 1   Adoption of remuneration report                 Carried 
    ----------------------------------------------  -------- 
 2   Election of director - Sergii Budkin            Carried 
    ----------------------------------------------  -------- 
 3   Ratify past issue of Shares                     Carried 
    ----------------------------------------------  -------- 
 4   Approval of additional 10% placement capacity   Carried 
    ----------------------------------------------  -------- 
 5   Adoption of ESOP                                Carried 
    ----------------------------------------------  --------

Resolutions 6, 7 and 8 set out in the Notice of Annual General Meeting with respect to the approval of termination benefits for Jonathan Morley-Kirk, Andrew Wright and Sergii Budkin were withdrawn from consideration.

In accordance with section 251AA of the Corporations Act 2001 (Cth), the total number of valid proxy votes received in respect of each resolution that was put to the meeting are set out in the attached report.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 956/2014.

For more information please visit www.nyotaminerals.com or contact:

 
                         Chairman, Nyota Minerals 
 Jonathan Morley-Kirk     Limited                    +44 7797 859986 
----------------------  --------------------------  ---------------- 
 Michael Cornish         Beaumont Cornish Limited    +44 (0) 207 628 
  James Biddle            Nominated Advisor           3396 
----------------------  --------------------------  ----------------

NYOTA MINERALS LIMITED

Results of Annual General Meeting

(ASX Report)

Wednesday 30 November 2016

As required by section 251AA(2) of the Corporations Act 2001 (Cth) the following statistics are provided in respect of each resolution on the agenda.

Note all resolutions were decided by a show of hands.

 
                                     Manner in which the securityholder directed the proxy vote (as at proxy close) 
-------------------------------  ------------------------------------------------------------------------------------- 
 Resolution                              Votes               Votes                   Votes                  Votes 
                                          For                Against             Discretionary             Abstain 
-------------------------------  --------------------  -----------------  --------------------------  ---------------- 
 1 - Adoption of remuneration 
  report                              65,032,000              Nil                   281,200                  Nil 
-------------------------------  --------------------  -----------------  --------------------------  ---------------- 
 2 - Election of director - 
  Sergii Budkin                       65,032,000              Nil                   281,200                  Nil 
-------------------------------  --------------------  -----------------  --------------------------  ---------------- 
 3 - Ratify past issue of 
  Shares                              65,032,000              Nil                   281,200                  Nil 
-------------------------------  --------------------  -----------------  --------------------------  ---------------- 
 4 - Approval of additional 
  placement capacity                  65,032,000              Nil                   281,200                  Nil 
-------------------------------  --------------------  -----------------  --------------------------  ---------------- 
 5 - Adoption of ESOP                 65,032,000              Nil                   281,200                  Nil 
-------------------------------  --------------------  -----------------  --------------------------  ---------------- 
 6 - Approval of Termination                                 This resolution was withdrawn 
  Benefit - Jonathan 
  Morley-Kirk 
-------------------------------  ------------------------------------------------------------------------------------- 
 7 - Approval of Termination                                 This resolution was withdrawn 
  Benefit - Andrew Wright 
-------------------------------  ------------------------------------------------------------------------------------- 
 8 - Approval of Termination                                 This resolution was withdrawn 
  Benefit - Sergii Budkin 
-------------------------------  -------------------------------------------------------------------------------------

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGUUARRNAAURAA

(END) Dow Jones Newswires

December 02, 2016 05:14 ET (10:14 GMT)

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