Western Areas NL
TSX : WSA
ASX : WSA

Western Areas NL

November 10, 2011 08:00 ET

Western Areas NL: Withdrawal of Resolution for Upcoming AGM

PERTH, AUSTRALIA--(Marketwire - Nov. 10, 2011) -

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The Board of Western Areas (TSX:WSA)(ASX:WSA) wishes to advise that Resolution 6 regarding the issue of performance rights to Mr Julian Hanna will be withdrawn from the agenda of the Company's Annual General Meeting ("AGM") to be held on 18 November 2011. The Company announced on 7 November 2011 that Mr Hanna will be stepping down as Managing Director on 31 January 2012 into a Non-Executive Director position and as such performance rights will no longer be available to Mr Hanna after that date.

The Company would also like to advise changes to the Western Areas Board Sub Committees. Mr Ian Mcliver has been appointed as the independent Chairman of the Audit & Risk Committee and Treasury Committee. Mr Richard Yeates has been appointed as the independent Chairman of the Nomination Committee and Remuneration Committee. These Committees were previously chaired by Mr David Cooper who retired from the Western Areas Board at the end of September.

In line with good corporate governance practices Mr Terrence Streeter has stepped down from the Audit & Risk Committee leaving all members of Audit & Risk Committee as Independent Non-Executive Directors as defined in the Western Areas NL 2011 Annual Report.

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