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DEVELOP GLOBAL LIMITED Declaration of Voting Results & Voting Rights Announcements 2008

Nov 2, 2008

64801_rns_2008-11-02_b49bc1da-a695-4917-92a9-2edb5c5980a8.pdf

Declaration of Voting Results & Voting Rights Announcements

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A S X C O D E : J U T

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3 November 2008

Results of 2008 Annual General Meeting

The Company wishes to advise that Resolutions 1 to 7 contained in the Notice of 2008 Annual General Meeting were passed unanimously on a show of hands.

Due to volatile market conditions, non-completion of two rights issues and the pending announcement of new capital raising arrangements, the Company withdrew Resolutions 8 to 11 prior to the commencement of the Meeting.

In accordance with Section 251AA(1) of the Corporations Act 2001, the proxy votes received in respect of each resolution put to the Annual General Meeting are set out below.

For further details:

Dr Tim Sugden Managing Director T: +61 8 6424 9186 M: +61 407 085 032 E: [email protected]

Board

Tim Sugden Managing Director

Ayaz Khan Non-Executive Director Michael Mulroney Non-Executive Director

Liza Carpene/Phillip Hains Joint Company Secretary

Resolution For
Against
For
Against
Undirected* Abstain
Resolution 1:
Adoption of Remuneration Report
16,835,638 - 7,185,166 -
Resolution 2:
Approval for the Issue of Shares to
LibertyMiningCorporation PtyLtd
16,835,638 - 7,185,166 -
Resolution 3:
Ratification of Previous Placement
16,835,638 - 7,185,166 -
Resolution 4:
Ratification of Prior Issue of Options
16,835,638 - 1,880,683 5,304,483
Resolution 5:
Re-Election of Tim Sugden as a
Director
16,835,638 - 7,185,166 -
Resolution 6:
Re-Election of Michael Mulroney as
a Director
16,835,638 - 5,304,483 1,880,683
Resolution 7:
Re-Election of Ayaz Khan as a
Director
11,675,140 - 7,185,166 5,160,498
Resolution 8:
WITHDRAWN– Placement to Tim
Sugden
16,835,638 - 7,185,166 -
Resolution 9:
WITHDRAWN– Approval for the
Issue of Options to Tim Sugden
16,835,638 - 7,185,166 -
Resolution 10:WITHDRAWN– Approval for the
Issue of Options to Michael
Mulroney
16,835,638 - 5,304,483 1,880,683
Resolution 11
WITHDRAWN- Approval for Issue
of Options to Secretary
16,835,638 - 7,185,166 -

*The Chairman voted in favour of all resolutions in respect of the undirected proxies given to the Chairman.

Contact Details

Registered Office: Suite 1, 1233 High Street Armadale VIC 3143 T: +61 3 9824 5254 F: +61 3 9822 7735

Perth Office: Ll 1, 35 Richardson Street West Perth WA 6005 T: +61 8 6424 9188 F: +61 8 9463 7836 E: [email protected] W: www.juttholdings.com

On behalf of the Board

LIZA CARPENE Company Secretary

ABN: 28 122 180 205