Yancoal Australia : Constitution for Yancoal Australia

1

Preliminary

1

1.1

Definitions and interpretation ....................................................................................

1

1.2

Application of the Act, Listing Rules and ASX Settlement Operating Rules.............

3

1.3

Exercising powers.....................................................................................................

4

1.4

Currency ...................................................................................................................

5

1.5

Transitional provisions ..............................................................................................

5

2

Share capital

5

2.1

Shares.......................................................................................................................

5

2.2

Preference shares.....................................................................................................

5

2.3

Alteration of share capital .........................................................................................

7

2.4

Conversion or reclassification of shares ...................................................................

7

2.5

Variation of class rights.............................................................................................

7

2.6

Joint holders of shares..............................................................................................

7

2.7

Equitable and other claims .......................................................................................

7

2.8

Restricted securities..................................................................................................

8

3

Calls, forfeiture, indemnities, lien and surrender

8

3.1

Calls ..........................................................................................................................

8

3.2

Proceedings to recover calls.....................................................................................

9

3.3

Payments in advance of calls ...................................................................................

9

3.4

Forfeiting partly paid shares .....................................................................................

9

3.5

Members' indemnity................................................................................................

10

3.6

Lien on shares ........................................................................................................

11

3.7

Surrender of shares ................................................................................................

11

3.8

Sale, reissue or other disposal of shares by the company .....................................

11

3.9

Interest payable by member ...................................................................................

12

4

Distributions

12

4.1

Dividends ................................................................................................................

12

4.2

Capitalising profits...................................................................................................

14

4.3

Ancillary powers......................................................................................................

15

4.4

Reserves.................................................................................................................

16

4.5

Carrying forward profits ..........................................................................................

16

4.6

Share investment plan ............................................................................................

16

4.7

Dividend selection plans .........................................................................................

16

5

Transfer and transmission of shares

17

5.1

Transferring shares.................................................................................................

17

5.2

Power to decline to register transfers .....................................................................

17

5.3

Power to suspend registration of transfers .............................................................

18

5.4

Selling non marketable parcels...............................................................................

18

5.5

Transmission of shares...........................................................................................

19

6

Plebiscite to approve proportional takeover bids

20

6.1

Definitions ...............................................................................................................

20

6.2

Transfers not to be registered.................................................................................

20

6.3

Approving Resolution..............................................................................................

20

6.4

Sunset .....................................................................................................................

21

Contents

7

General meetings

21

7.1

Calling general meetings ........................................................................................

21

7.2

Notice of general meetings .....................................................................................

21

7.3

Admission to general meetings...............................................................................

22

7.4

Quorum at general meetings ..................................................................................

23

7.5

Chairperson of general meetings............................................................................

23

7.6

Conduct at general meetings..................................................................................

24

7.7

Decisions at general meetings................................................................................

25

7.8

Voting rights ............................................................................................................

25

7.9

Representation at general meetings.......................................................................

27

7.10

Member approval ....................................................................................................

29

7.11

Subsidiaries ............................................................................................................

31

8

Directors

31

8.1

Appointment, retirement and removal of directors..................................................

31

8.2

Vacating office ........................................................................................................

32

8.3

Remuneration .........................................................................................................

33

8.4

Director need not be a member ..............................................................................

34

8.5

Directors may contract with the company and hold other offices ...........................

34

8.6

Powers and duties of directors ...............................................................................

35

8.7

Powers and duties of the Board..............................................................................

35

8.8

Proceedings of directors .........................................................................................

37

8.9

Calling meetings of directors ..................................................................................

37

8.10

Notice of meetings of directors ...............................................................................

37

8.11

Quorum at meetings of directors ............................................................................

38

8.12

Chairperson and deputy chairperson of directors...................................................

38

8.13

Decisions of directors .............................................................................................

39

8.14

Written resolutions ..................................................................................................

39

8.15

Alternate directors...................................................................................................

39

8.16

Delegation to a committees of directors .................................................................

40

8.17

Delegation to a director...........................................................................................

40

8.18

Validity of acts.........................................................................................................

40

9

Senior executive officers

41

9.1

Executive directors..................................................................................................

41

9.2

Executive Committee ..............................................................................................

41

9.3

Chair of the Executive Committee ..........................................................................

41

9.4

Chief Executive Officer ...........................................................................................

42

9.5

Chief Financial Officer ............................................................................................

42

9.6

Company Secretary ................................................................................................

42

9.7

Provisions applicable to all senior executive officers..............................................

42

10

Indemnity and insurance

43

10.1

Persons to whom rules 10.2 and 10.4 apply ..........................................................

43

10.2

Indemnity ................................................................................................................

43

10.3

Extent of indemnity .................................................................................................

43

10.4

Insurance ................................................................................................................

43

10.5

Savings ...................................................................................................................

43

10.6

Deed .......................................................................................................................

43

11

Other matters

44

11.1

Financial matters.....................................................................................................

44

11.2

Record dates...........................................................................................................

44

Contents

12

Winding up

44

12.1

Distributing surplus .................................................................................................

44

12.2

Dividing property .....................................................................................................

45

13

Inspection of and access to records

45

14

Seals

46

14.1

Manner of execution ...............................................................................................

46

14.2

Common seal..........................................................................................................

46

14.3

Safe custody of Seal ...............................................................................................

46

14.4

Using the Seal.........................................................................................................

46

14.5

Seal register............................................................................................................

46

14.6

Duplicate seals and certificate seals.......................................................................

46

14.7

Sealing and signing certificates ..............................................................................

46

15

Notices

47

15.1

Notices by the company to members .....................................................................

47

15.2

Notices by the company to directors.......................................................................

47

15.3

Notices by directors to the company.......................................................................

48

15.4

Time of service........................................................................................................

48

15.5

Other communications and documents ..................................................................

48

15.6

Written notices ........................................................................................................

48

16

General

49

16.1

Submission to jurisdiction .......................................................................................

49

16.2

Prohibition and enforceability..................................................................................

49