MARENICA ENERGY LIMITED ACN 001 666 600
NOTICE OF ANNUAL GENERAL MEETING
TIME: 11.30am (WST)
DATE: Tuesday, 22 November 2016
PLACE: The Len Warren Conference Room
AMRC (Australian Minerals Research Centre) Building 7 Conlon Street
Waterford WA 6152
This Notice of Annual General Meeting should be read in its entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their professional advisers prior to voting.
Should you wish to discuss the matters in this Notice of Annual General Meeting please do not hesitate to contact the Company Secretary on +61 8 6555 1816.
MARENICA ENERGY LIMITED ACN 001 666 600
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the Annual General Meeting of the Shareholders of Marenica Energy Limited ("Marenica" or "the Company") will be held as follows:
TIME: 11.30am
DATE: Tuesday, 22 November 2016 LOCATION: The Len Warren Conference Room
AMRC (Australian Minerals Research Centre) Building
7 Conlon Street, Waterford, Western Australia
This Notice of Annual General Meeting should be read in its entirety.
If Shareholders are in doubt as to how they should vote, they should seek advice from their professional advisers without delay.
If you wish to discuss any aspects of this document with the Company, please contact the Company Secretary on +61 8 6555 1816.
Words and phrases used in the Resolutions are defined in Section 10 of the accompanying Explanatory Statement and these words and phrases have the same meaning in this Notice of Annual General Meeting as defined in the Explanatory Statement.
AGENDA
ORDINARY BUSINESS
Financial Statements and Reports
To receive and consider the annual financial report of the Company for the financial year ended 30 June 2016 including the declaration of the Directors, the Directors' report, the Remuneration Report and the auditor's report.
Resolution 1: Adoption of Remuneration Report
To consider and, if thought fit, to pass, with or without amendment, the following resolution as a non-binding
resolution:
"That, for the purpose of section 250R(2) of the Corporations Act, approval is given for the adoption of the Remuneration Report as contained in the Company's annual financial report for the financial year ended 30 June 2016."
Note: Pursuant to section 250R(3) of the Corporations Act, the vote on this Resolution is advisory only and does not bind the Directors or the Company.
Voting Prohibition Statement for Resolution 1
A vote on this Resolution must not be cast (in any capacity) by or on behalf of any of the following persons:
-
a member of the Key Management Personnel, details of whose remuneration are included in the Remuneration Report; or
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a Closely Related Party of such a member.
However, a person described above may vote on this Resolution if:
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the person is acting as proxy and the proxy form specifies how the proxy is to vote, and the vote is not cast on behalf of a person who is otherwise excluded from voting on this Resolution as described in sub-paragraphs (a) or (b) above; or
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the person is the chair of the Annual General Meeting voting an undirected proxy which expressly authorises the chair to vote the proxy on a resolution connected with the remuneration of a member of Key Management Personnel.
Resolution 2: Re-election of Director - Alan Douglas Buerger
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That Mr Alan Douglas Buerger a Director of the Company who retires by rotation in accordance with clause 7.3(a) of the Company's Constitution and, being eligible, offers himself for re-election, be re- elected as a Director of the Company."
Resolution 3: Re-election of Director - John Sestan
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That Mr John Sestan a Director of the Company who retires by rotation in accordance with clause 7.3(c) of the Company's Constitution and, being eligible, offers himself for re-election, be re-elected as a Director of the Company."
SPECIAL BUSINESS
Resolution 4: Ratification of Share Issue
To consider and, if thought fit, to pass the following resolution as an ordinary resolution:
"That pursuant to ASX Listing Rule 7.4, the issue on 26 April 2016 of 146,985 Shares at an issue price of $0.124 per Share on the terms and conditions set out in the Explanatory Statement be ratified."
Voting Exclusion Statement
The Company will disregard any votes cast on this Resolution by a person who participated in the issue and an Associate of those persons. However, the Company will not disregard a vote if (a) it is cast by the person as proxy for a person who is entitled to vote, in accordance with the directions on the Proxy Form or (b) it is cast by the person chairing the General Meeting as proxy for a person who is entitled to vote, in accordance with a direction on the Proxy Form to vote as the proxy decides.
Resolution 5: Ratification of Share Issue
To consider and, if thought fit, to pass the following resolution as an ordinary resolution:
"That pursuant to ASX Listing Rule 7.4, the issue on 26 April 2016 of 23,364 Shares at an issue price of $0.107 per Share on the terms and conditions set out in the Explanatory Statement be ratified."
Voting Exclusion Statement
The Company will disregard any votes cast on this Resolution by a person who participated in the issue and an Associate of those persons. However, the Company will not disregard a vote if (a) it is cast by the person as proxy for a person who is entitled to vote, in accordance with the directions on the Proxy Form or (b) it is cast by the person chairing the General Meeting as proxy for a person who is entitled to vote, in accordance with a direction on the Proxy Form to vote as the proxy decides.
Resolution 6: Ratification of Share Issue
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That pursuant to ASX Listing Rule 7.4, the issue on 26 April 2016 of 1,788,786 Shares at an issue price of $0.107 per Share and 400,064 Shares at an issue price of $0.124 per Share on the terms and conditions set out in the Explanatory Statement be ratified."
Voting Exclusion Statement
The Company will disregard any votes cast on this Resolution by a person who participated in the issue and an Associate of those persons. However, the Company will not disregard a vote if (a) it is cast by the person as proxy for a person who is entitled to vote, in accordance with the directions on the Proxy Form or (b) it is cast by the person chairing the Annual General Meeting as proxy for a person who is entitled to vote, in accordance with a direction on the Proxy Form to vote as the proxy decides.
Resolution 7: Approval of 10% Placement Facility
To consider and, if thought fit, to pass, the following resolution as a special resolution:
"That, pursuant to ASX Listing Rule 7.1A, approval be given to issue Equity Securities up to 10% of the issued capital of the Company (at the time of issue) calculated in accordance with the formula prescribed in Listing Rule 7.1A.2 and on the terms and conditions set out in the Explanatory Statement."
Voting Exclusion Statement
The Company will disregard any votes cast on this Resolution by a person who may participate in the proposed issue and a person who might obtain a benefit except a benefit solely in the capacity of a holder of Shares if this Resolution is passed and any Associates of those persons. However, the Company will not disregard a vote if (a) it is cast by the person as proxy for a person who is entitled to vote, in accordance with the directions on the Proxy Form or (b) it is cast by the person chairing the Annual General Meeting as proxy for a person who is entitled to vote, in accordance with a direction on the Proxy Form to vote as the proxy decides.
Questions and Comments
The Chairman will allow a reasonable opportunity for Shareholders to ask questions about or make comments on the management of the Company.