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 at the
registered offices of the Company and through electronic communication on Tuesday, 3 November 2020, were as
follows:

 Resolution                               Number of    Percentage        For**      Against**    Abstained***
                                            ordinary   of ordinary           %              %               %
                                        shares voted     shares in
                                                            issue*
                                                                %
 Ordinary resolution number 1:
 Re-election and confirmation of
 appointment of directors, as the
 case may be
 1.1 Re-election of director:           258 208 987         61.49        99.97           0.03             0.10
      Mbendeni Humphrey Mathe
 1.2 Re-election of director:           258 208 987         61.49        99.97           0.03             0.10
      Kabela Mahlatse Maroga
 1.3 Re-election of director:           258 209 887         61.49        99.97           0.03             0.10
      Muthanyi Robinson Ramaite
 1.4 Confirmation of appointment        258 208 987         61.49        99.97           0.03             0.10
      of director: Andile Mabizela
 1.5 Confirmation of appointment        258 208 987         61.49        99.97           0.03             0.10
      of director: Nomavuso
      Patience Mnxasana
 Ordinary Resolution number 2:
 Reappointment of the members of
 the audit, risk and compliance
 committee of the Company
 2.1 Appointment of member and          258 208 987         61.49        99.97           0.03             0.10
      chairperson: Kabela Mahlatse
      Maroga
 2.2 Appointment of member:             258 208 987         61.49        99.97           0.03             0.10
      Nonzukiso (Zukie) Siyotula
 2.3 Appointment of member:             258 208 987         61.49        99.97           0.03             0.10
      Andile Mabizela
 2.4 Appointment of member:             258 208 987         61.49        99.97           0.03             0.10
      Nomavuso Patience
      Mnxasana
 Ordinary Resolution number 3:          258 209 887         61.49        99.99           0.01             0.10
 Reappointment of
 PricewaterhouseCoopers Inc. as
 external auditor of the Company
 for the 2021 financial year
 Ordinary Resolution number 4:          257 768 707         61.39        99.95           0.05             0.20
 Advisory endorsement of the
 remuneration policy
 Ordinary Resolution number 5:          257 768 707         61.39        99.95           0.05             0.20
 Advisory endorsement of the
 remuneration implementation
 report
 Ordinary Resolution number 6:          258 203 987         61.49        99.99           0.01             0.10
 Authority to implement resolutions
 passed at the annual general
 meeting
 Ordinary Resolution number 7:          258 208 954         61.49        99.95           0.05             0.10
 Approval for the issue of
 authorised but unissued ordinary
 shares
 Special Resolution number 1:           258 220 854         61.49        98.40           1.60             0.09
 General issue of shares for cash
 Special Resolution number 2:           257 841 507         61.40        99.92           0.08             0.18
 Approval for the remuneration of
 non-executive directors
 Special Resolution number 3:           258 204 607         61.49        99.94           0.06             0.10
 Approval for the Company to grant
 inter-group financial assistance in
 terms of sections 44 and 45 of the
 Companies Act
 Special Resolution number 4:           258 221 754         61.49        99.98           0.02             0.09
 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
present in person or represented by proxy at the annual general meeting.


Johannesburg
3 November 2020

Sponsor
Nedbank Corporate and Investment Banking

Date: 03-11-2020 02:17:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.