Global Alumina Announces Results of Annual and Special Meeting, Delisting Date and Record Date for Distribution
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:
(i) election of all management nominees to the board of directors of the Company;
(ii) appointment of PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year and authorization of the directors to fix their remuneration;
(iii) 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
(iv) 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").
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:
Global Alumina Corporation
212 351 0010