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Wescoal Holdings Limited - Results Of Annual General Meeting

Release Date: 21/10/2014 14:30:00      Code(s): WSL     
WESCOAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2005/006913/06)
(Share Code: WSL ISIN Code: ZAE000069639)
(?Wescoal? or ?the company?)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that, at the annual general meeting of Wescoal held
today, all the resolutions as set out in the notice of annual general meeting
were passed by the requisite majority of shareholders.

The number of shares voted in person or by proxy was 113 427 911 representing
58.08% of the total issued share capital of the same class of Wescoal.

The resolutions proposed at the meeting, together with the percentage of
shares voted or abstained as well as the percentage of votes carried for and
against each resolution are displayed below:


Ordinary Resolution 1.1
Re-appointment of Dr HLM Mathe as a director of the company.

SHARES VOTED              113 427 911     100%
SHARES ABSTAINED          61 000          0.05%
VOTES FOR                 113 427 911     100%
VOTES AGAINST             0


Ordinary Resolution 1.2
Re-appointment of Ms DMT van Gaalen as a director of the company.

SHARES VOTED              113 427 911     100%
SHARES ABSTAINED          61 000          0.05%
VOTES FOR                 113 427 911     100%
VOTES AGAINST             0

Ordinary Resolution 2.1:
That Mr JG Pansegrouw, a Non-executive director, be appointed as a member of
the company's Audit & Risk Committee.

SHARES VOTED              113 427 911     100%
SHARES ABSTAINED          61 000          0.05%
VOTES FOR                 113 427 911     100%
VOTES AGAINST             0

Ordinary Resolution 2.2:
That Ms KM Maroga, a Non-executive director, be appointed as a member of the
company's Audit & Risk Committee.

SHARES VOTED              113 427 911     100%
SHARES ABSTAINED          61 000          0.05%
VOTES FOR                 113 427 911     100%
VOTES AGAINST             0

Ordinary Resolution 2.3:
That Ms DMT van Gaalen, a Non-executive director, be appointed as a member
of the company's Audit & Risk Committee.
SHARES VOTED               113 427 911      100%
SHARES ABSTAINED           61 000           0.05%
VOTES FOR                  113 427 911      100%
VOTES AGAINST              0

Ordinary Resolution 3:
Re-appointment of PricewaterhouseCoopers Inc., represented by Mr JP van Staden
as the audit partner, as the independent registered auditor of the company
for the ensuing year.

SHARES VOTED               113 427 911      100%
SHARES ABSTAINED           61 000           0.05%
VOTES FOR                  113 427 911      100%
VOTES AGAINST              0

Ordinary Resolution 4:
Control of authorised but unissued share capital.

SHARES VOTED               113 427 911      100%
SHARES ABSTAINED           61 000           0.05%
VOTES FOR                  113 427 911      100%
VOTES AGAINST              0

Ordinary Resolution 5:
Authority to issue unissued shares for cash.

SHARES VOTED               113 427 911      100%
SHARES ABSTAINED           61 000           0.05%
VOTES FOR                  113 427 911      100%
VOTES AGAINST              0

Ordinary Resolution number 6:
Advisory endorsement of the remuneration policy.

SHARES VOTED               113 427 911      100%
SHARES ABSTAINED           61 000           0.05%
VOTES FOR                  113 427 911      100%
VOTES AGAINST              0


Special Resolution 1:
Approval of the non-executive directors? remuneration.

SHARES VOTED               113 427 911      100%
SHARES ABSTAINED           61 000           0.05%
VOTES FOR                  113 427 911      100%
VOTES AGAINST              0

Special Resolution 2:
Authority to provide financial assistance to related and inter-related companies.

SHARES VOTED               113 427 911      100%
SHARES ABSTAINED           61 000           0.05%
VOTES FOR                  113 427 911      100%
VOTES AGAINST              0

Special resolution no. 3:
Authority for the company repurchase its own shares.
SHARES VOTED        113 427 911   100%
SHARES ABSTAINED    61 000        0.05%
VOTES FOR           113 427 911   100%
VOTES AGAINST       0



Johannesburg
21 October 2014

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Date: 21/10/2014 02:30:00 Supplied by www.sharenet.co.za                     
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