Welcome!

News Feed Item

Intrepid Mines Limited: Company Update-Changes to Directors' Recommendations for the Annual General Meeting

BRISBANE, AUSTRALIA -- (Marketwired) -- 05/14/14 -- The Board of Intrepid Mines Limited ("Intrepid", the "Company") (ASX: IAU)(TSX: IAU) provides the following update for shareholders.

Following the Extraordinary General Meeting of the Company held on 13 May 2014, at which three Directors (Messrs Jackson, Curtis and McDonald) were removed and three new Directors (Messrs Mazur, Lim and Sanderson) were appointed, the newly constituted Board advises that all Directors are working together to achieve the common objective of returning the maximum amount of cash to shareholders in the most efficient and effective manner. To this end, the Directors advise that they unanimously recommend that shareholders approve the return of US$0.258 of Company capital to shareholders, at the Annual General Meeting to be held on Friday 30 May 2014.

In the event that the return of capital proposal is not approved by the required majority of shareholders, the Board will resubmit the proposal as soon as practical or consider other options to provide those shareholders who wish to exit the Company register with alternative proposals.

Chairman Mr Ian McMaster AM stated: "The vote at the Extraordinary General Meeting yesterday provided a clear indication that shareholders are looking to the Board to return cash to them as expeditiously as possible. Accordingly, the Board considers it is in the interests of all shareholders to support the return of capital proposal."

Changes to Annual General Meeting Resolutions

As a result of the changes to the Board effected at the Extraordinary General Meeting of the Company on 13 May 2014, the Company advises the resolutions to be put to the Annual General Meeting of the Company on 30 May 2014 will be amended to read as follows:


Resolution 9: Appointment of Mr Gregory Mazur as a Director
"That Mr Gregory Mazur who retires in accordance with Regulations 53.1AA and
54 of the Company's Constitution and being eligible offers himself for re-
election is re-elected as a Director."
Resolution 10: Appointment of Mr Lim Yu Neng Paul as a Director
"That Mr Lim Yu Neng Paul who retires in accordance with Regulations 53.1AA
and 54 of the Company's Constitution and being eligible offers himself for
re-election is re-elected as a Director."
Resolution 11: Appointment of Mr Clifford Sanderson as a Director
"That Mr Clifford Sanderson who retires in accordance with Regulations
53.1AA and 54 of the Company's Constitution and being eligible offers
himself for re-election is re-elected as a Director."
With respect to resolutions 9 to 11 the Board advises that Directors
unanimously recommend that Shareholders vote in favour of the resolutions.
The following resolutions are hereby withdrawn and will not be considered at
the meeting
Resolution 4: Re-election of Mr Colin Jackson as a Director
Resolution 6: Re-election of Mr Laurence Curtis as a Director
Resolution 7: Re-election of Mr Robert MacDonald as a Director

Summary of Directors' Recommendations

The Board's recommendations for each of the resolutions to be put to the Annual General Meeting on 30 May 2014 are set out below. Individual Directors have undertaken to vote all shares controlled by them in accordance with the recommendations and in support of the Remuneration Report (Resolution 2). The Chairman of the Meeting intends to vote undirected Proxies in accordance with the Directors' recommendations and in support of the Remuneration Report (Resolution 2).

All Directors recommend shareholders vote FOR the following resolutions:


--  Resolution 1 - Return of Capital to Shareholders
--  Resolution 3 - Re-election of Mr Ian McMaster AM to the Board
--  Resolution 5 - Re-election of Mr Alan Roberts to the Board
--  Resolution 8 - Re-election of Mr Scott Lowe to the Board
--  Resolution 9 - Re-election of Mr Gregory Mazur
--  Resolution 10 - Re-election of Mr Lim Yu Neng Paul
--  Resolution 11 - Re-election of Mr Clifford Sanderson

All Directors recommend shareholders vote AGAINST the following resolution:


--  Resolution 12 - Spill Motion

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and E...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...