SALUNGANO GROUP LIMITED - Results of annual general meeting

Results of annual general meeting

SALUNGANO GROUP LIMITED
(previously known as Wescoal Holdings Limited)
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: SLG
ISIN: ZAE000306890
(“Salungano Group” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING

Salungano shareholders are advised that the voting results for the annual general meeting of Salungano Group held by
way of electronic communication and participation only on Tuesday, 4 October 2022, were as follows:

 Resolution                              Number of             As a           For**      Against**     Abstained***
                                          ordinary      percentage               %               %                %
                                           shares       of ordinary
                                             voted        shares in
                                                             issue*
                                                                 %
 Ordinary resolution number 1:
 Re-election of directors
 1.1 Re-election of director: Andile    315 992 802           75.25         100.00            0.00              0.10
      Mabizela
 1.2 Re-election of director:           315 992 802           75.25         100.00            0.00              0.10
      Nomavuso Patience
      Mnxasana
 1.3 Re-election of director:           316 007 802           75.25         100.00            0.00              0.10
      Dr Humphrey Mathe
 Ordinary Resolution number 2:
 Reappointment of the members of
 the audit, risk and compliance
 committee of the Company
 2.1 Appointment of a member and        315 992 802           75.25         100.00            0.00              0.10
      chairperson of the audit, risk
      and compliance committee:
      Nonzukiso (“Zukie”) Siyotula
 2.2 Appointment of a member of         315 992 802           75.25         100.00            0.00              0.10
      the audit, risk and compliance
      committee: Andile Mabizela
 2.3 Appointment of a member of         315 992 802           75.25         100.00            0.00              0.10
      the audit, risk and compliance
      committee: Nomavuso
      Patience Mnxasana
 Ordinary Resolution number 3:          316 188 005           75.30         100.00            0.00              0.05
 Reappointment of KPMG as
 external auditor and Ms Brenda
 Jajula as the designated auditors of
 the Company for the 2023 financial
 year
 Ordinary Resolution number 4:          315 984 302           75.25          97.96            2.04              0.10
 Advisory endorsement of the
 remuneration policy
 Ordinary Resolution number 5:          315 984 302           75.25          97.96            2.04              0.10
 Advisory endorsement of the
 remuneration implementation report
 Ordinary Resolution number 6:          316 200 005           75.30          97.91            2.09              0.05
 Directors’ authority to control the
 authorised but unissued share
 capital
 Ordinary Resolution number 7:          316 203 005           75.30          97.91            2.09              0.05
 Authorisation to implement
 resolutions
 Special Resolution number 1:           316 228 005           75.31          97.91            2.09              0.04
 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:           316 001 802           75.25          97.97            2.03             0.10
 Approval of the remuneration of
 non-executive directors
 Special Resolution number 3:           316 032 802           75.26          97.95            2.05             0.09
 Approval for the acquisition of the
 Company’s own shares
 Special Resolution number 4:           316 195 005           75.30          97.88            2.12             0.05
 Amendement to the Company’s
 MOI to increase the Company’s
 authorised ordinary share capital


*          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 Salungano Group
shareholders represented at the annual general meeting.


Johannesburg
4 October 2022

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

Date: 04-10-2022 01:45:00
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