Global Alumina Announces Results of Annual and Special Meeting, Delisting Date and Record Date for Distribution
TORONTO, July 3, 2013 /CNW/ - Global Alumina Corporation (TSX: GLA.U) (the "Company" or
Global Alumina") is pleased to announce the results of its annual and
special meeting of shareholders (the "Meeting") held on July 2, 2013.
A total of 126,007,004 common shares were represented at the Meeting,
representing 68.73% of the issued and outstanding common shares of the
Company. All matters presented for approval at the Meeting were duly
authorized and approved, as follows:
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(i)
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election of all management nominees to the board of directors of the
Company;
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(ii)
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appointment of PricewaterhouseCoopers LLP as auditors of the Company for
the ensuing year and authorization of the directors to fix their
remuneration;
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(iii)
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approval of the previously announced sale by the Company of all of its
interest in Guinea Alumina Corporation, Ltd. to DM GAV Limited (the
"Sale Transaction"); and
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(iv)
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subject to the completion of the Sale Transaction, approval of the
voluntary liquidation and dissolution of the Company (the
"Dissolution") and the distribution to shareholders of the cash assets
of the Company remaining after settlement of the Company's obligations
and liabilities (the "Distribution").
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In connection with the Sale Transaction, the Company has applied to the
Toronto Stock Exchange (the "TSX") for the voluntary delisting of its
common shares (the "Shares") from the TSX. Subject to regulatory
approval and completion of the Sale Transaction, the Company expects
that the Shares will be delisted from the TSX at the close of trading
on July 11, 2013. As a result, and as described in the management information circular
of the Company dated May 31, 2013, the record date in connection with the Distribution to determine the
shareholders entitled to participate therein will be July 12, 2013.
Additional information regarding the above matters, including the report
of voting results thereon, are set forth in the Company's Meeting
materials accessible on the Company's SEDAR reference page at www.sedar.com.
About Global Alumina
Global Alumina is in a joint venture through its wholly-owned
subsidiary, Global Alumina International, Ltd., with BHP Billiton,
Dubai Aluminium and MDC Industry Holding Company LLC (as successor to
Mubadala Development Company PJSC), to develop an alumina refinery in
the bauxite-rich region of the Republic of Guinea. Global Alumina is headquartered in Saint John, New Brunswick and has administrative offices in New York, London and Montreal. For further information visit the Company's website at www.globalalumina.com.
For further information, please contact:
Michael Cella
Global Alumina
212 351 0010
cella@globalalumina.com
SOURCE: Global Alumina Corporation
http://www.globalalumina.com
Copyright CNW Group 2013