XCEED RESOURCES LTD 
By
3 February 2014
Xceed Resources Limited (Xceed or Company) is pleased to advise that shareholders today approved the scheme of arrangement pursuant to which Keaton Energy Holdings Limited (Keaton) proposes to acquire all of Xceed's issued shares (Scheme). Orders to approve the Scheme will be sought from the Federal Court of Australia on Thursday 6 February 2014.
Results of Scheme Meeting
The Scheme Meeting was held at 11.00am (Perth time) at the Holiday Inn located at
778-788 Hay Street, Perth, and was attended by Xceed shareholders and appointed proxy holders.
The resolution voted on was in accordance with the Notice of Scheme Meeting included as annexure D of the Scheme Booklet dated 17 December 2013 which was dispatched to shareholders on 23 December 2013.
The resolution to approve the Scheme was passed by the requisite majorities following a poll taken at the Scheme Meeting. The results of the poll were as follows:
For | Against | Abstain | % For | |
Number of votes cast | 107,163,370 | 18,000 | 0 | 99.98% |
Number of separate shareholders voting | 74 | 3 | 0 | 96.10% |
In accordance with Section 251AA of the Corporations Act, the following information is also provided in relation to the proxy votes received for the Scheme resolution (which votes are also included in the table above):
For | Against | Abstain | Proxy's discretion | |
Number of proxy votes | 105,073,955 | 18,000 | 0 | 1,500,648 |
A hearing before the Federal Court of Australia to consider the Scheme is scheduled to be held at 10.15 am (Perth time) on Thursday 6 February 2014.
Xceed will make a further announcement following consideration of the Scheme by the Court.
Action | Date |
Second Court Date | 6 February 2014 |
Effective Date (Xceed securities cease trading at close of trading on ASX) | 7 February 2014 |
Record Date (for entitlements to Scheme Consideration) | 14 February 2014 |
Implementation Date (Keaton pays Aggregate Scheme Consideration to Xceed) | 19 February 2014 |
Payment Date (Xceed dispatches payment of the Scheme Consideration to Scheme Participants) | No later than 21 February 2014 |
All dates and times refer to Perth, Western Australia. Any changes to the above timetable will be announced to ASX
and will be available on the Company's website
For and on behalf of the Board of
Ian Culbert
Managing Director
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distributed by
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