WESCOAL HOLDINGS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

WESCOAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(“Wescoal” or the “Company”)

RESULTS OF ANNUAL GENERAL MEETING

Wescoal shareholders are advised that the voting results for the annual general meeting of Wescoal held by way of
electronic communication and participation only on Tuesday, 5 October 2021, were as follows:

 Resolution                               Number of    Percentage          For**      Against**     Abstained***
                                            ordinary   of ordinary             %              %                %
                                        shares voted     shares in
                                                            issue*
                                                                %
 Ordinary resolution number 1:
 Re-election of directors
 1.1 Re-election of director:           316 904 094         75.47          99.99            0.01             0.05
      Nonzukiso (“Zukie”) Siyotula
 1.2 Re-election of director: Cecil     316 904 094         75.47          99.99            0.01             0.05
      Maswanganyi
 1.3 Re-election of director: Eric      316 904 094         75.47          99.99            0.01             0.05
      Thuthukani Mzimela
 Ordinary Resolution number 2:
 Reappointment of the members of
 the audit, risk and compliance
 committee of the Company
 2.1 Appointment of a member            316 904 094         75.47          99.99            0.01             0.05
      and chairperson of the audit,
      risk and compliance
      committee: Nonzukiso
      (“Zukie”) Siyotula
 2.2 Appointment of a member of         316 904 094         75.47          99.99            0.01             0.05
      the audit, risk and
      compliance committee:
      Andile Mabizela
 2.3 Appointment of a member of         316 904 094         75.47          99.99            0.01             0.05
      the audit, risk and
      compliance committee:
      Nomavuso Patience
      Mnxasana
 Ordinary Resolution number 3:          316 904 094         75.47          99.99            0.01             0.05
 Reappointment of
 PricewaterhouseCoopers Inc. as
 external auditor of the Company
 for the 2022 financial year
 Ordinary Resolution number 4:          316 896 094         75.47          99.98            0.02             0.05
 Advisory endorsement of the
 remuneration policy
 Ordinary Resolution number 5:          316 896 094         75.47          99.98            0.02             0.05
 Advisory endorsement of the
 remuneration implementation
 report
 Ordinary Resolution number 6:          316 896 094         75.47          99.99            0.01             0.05
 Directors’ authority to control
 authorised but unissued ordinary
 share capital
 Ordinary Resolution number 7:          316 896 094            75.47          100.00             0.00       0.05
 Authorisation to implement
 resolutions
 Special Resolution number 1:           316 896 094            75.47            99.99            0.01       0.05
 Approval for the Company to grant
 inter-group financial assistance in
 terms of sections 44 and 45 of the
 Companies Act
 Special Resolution number 2:           316 896 094            75.47          100.00             0.00       0.05
 Approval for the acquisition of the
 Company’s own shares

*       Based on 419 916 854 ordinary shares in issue at the date of the annual general meeting.
**      In relation to the total number of shares voted at the annual general meeting.
***     In relation to the total number of shares in issue at the date of the annual general meeting.

Based on the above voting results, all resolutions were passed by the requisite majority of Wescoal shareholders
represented at the annual general meeting.


Johannesburg
5 October 2021

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 05-10-2021 01:36:00
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