OCTAGONAL RESOURCES LTD No. of Pages: 4
Market Cap.: $2.98 m ($0.012 p/s) Shares on issue: 248,331,672 Cash: $0.03 m (31 December 2015)
Debt: $1.3 m (31 December 2015)
Ian Gandel, Chairman
Anthony Gray, Managing Director Bob Tolliday, Director
Abbotsleigh - 41.1% Alliance Resources - 8.9%
Octagonal Resources Limited ABN 38 147 300 418
Suite 3, 51 - 55 City Road
Southbank VIC 3006
E info@octagonalresources.com.au
W www.octagonalresources.com.au
Results of Scheme Meeting, Non-Gandel Meeting and General MeetingOctagonal Resources Limited ("Company") held the following shareholder meetings this morning to consider the proposed Scheme of Arrangement ("Scheme") and associated resolutions:
Scheme Meeting
Non-Gandel Meeting
General Meeting
The Company advises that all resolutions from each of the meetings were passed by the requisite majorities. The second Supreme Court of Victoria hearing to approve the proposed Scheme, including the Selective Capital Reduction, is proposed to be held on Friday, 5 February 2016.
The proposed date for implementation of the Scheme is 22 February 2016, subject to the remaining conditions precedent, which includes Court approval of the Scheme.
In accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act, we advise details of the resolutions, the proxies received and poll results in respect of each resolution are set out in the attached proxy and poll summaries.
For and on behalf of the Board.
Bob Tolliday
Additional information relating to Octagonal and its various exploration projects can be found on the Company's website: www.octagonalresources.com.au
OctagonalResources Limited Scheme Meeting
Friday, 29 January 2016 Voting Results
The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth).
Resolution details | Instructions given to validly appointed proxies (as at proxy close) | Number of votes cast on the poll (where applicable) | Resolution Result | ||||||
Resolution | Resolution Type | For | Against | Proxy's Discretion | Abstain | For | Against | Abstain* | Carried / Not Carried |
1 Subject to passing of Res1 Non- gandel & Res1&2 GM | Special | 45,132,575 93.48% | 1,212,800 2.51% | 1,935,415 4.01% | 32,000 | 47,147,990 97.49% | 1,212,800 2.51% | 32,000 | Carried |
* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.
Number of shareholders voting | ||
For | Against | Abstain* |
55 91.66% | 4 6.67% | 1 1.67% |
The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth).
Resolution details | Instructions given to validly appointed proxies (as at proxy close) | Number of votes cast on the poll (where applicable) | Resolution Result | ||||||
Resolution | Resolution Type | For | Against | Proxy's Discretion | Abstain | For | Against | Abstain* | Carried / Not Carried |
1 Selective Reduction Non- Gandel Resolution | Special | 43,134,575 93.08% | 1,312,800 2.83% | 1,895,415 4.09% | 336,000 | 45,109,990 97.17% | 1,312,800 2.83% | 336,000 | Carried |
* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.
The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth).
Resolution details | Instructions given to validly appointed proxies (as at proxy close) | Number of votes cast on the poll (where applicable) | Resolution Result | ||||||
Resolution | Resolution Type | For | Against | Proxy's Discretion | Abstain | For | Against | Abstain* | Carried / Not Carried |
1 Selective Reduction Gandel Resolution | Special | 102,422,200 96.79% | 1,212,800 1.15% | 2,175,415 2.06% | 42,693,575 | 102,422,200 98.83% | 1,212,800 1.17% | 44,948,990 | Carried |
2 Related Party Resolution | Ordinary | 44,156,575 92.87% | 1,212,800 2.55% | 2,175,415 4.58% | 60,000 | 46,411,990 97.45% | 1,212,800 2.55% | 60,000 | Carried |
3 Repayment Resolution | Ordinary | 44,216,575 92.88% | 1,212,800 2.55% | 2,175,415 4.57% | 0 | 46,471,990 97.46% | 1,212,800 2.54% | 0 | Carried |
* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.
Octagonal Resources Limited issued this content on 29 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 January 2016 03:36:17 UTC
Original Document: http://www.octagonalresources.com.au/IRM/PDF/1569/SchemeofArrangementMeetingResults
