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Annual general meeting – Voting results
Lonmin Plc (Incorporated in England and Wales)
(Registered in the Republic of South Africa under registration number 1969/000015/10)
JSE code: LON
Issuer Code: LOLMI & ISIN : GB0031192486 ("Lonmin")
31 JANUARY 2013
ANNUAL GENERAL MEETING – VOTING RESULTS
At the Annual General Meeting held on 31 January 2013 resolutions 1-5, 7-9 and 11-18 in the Notice of
Meeting were considered by shareholders by means of a poll vote and all resolutions were duly adopted
with votes cast being as set out below :
Resolution 1: To receive the report and accounts for the year ended 30 September 2012
Votes for % of Votes against % of Total votes cast % of issued Number of
votes votes share shares on which
cast cast capital votes were
voting withheld
468,242,106 99.32 3,213,046 0.68 471,455,152 82.92% 923,416
Resolution 2: To approve the directors’ remuneration report for the year ended 30 September 2012
Votes for % of Votes against % of Total votes cast % of issued Number of
votes votes share shares on which
cast cast capital votes were
voting withheld
322,667,098 70.97 131,987,137 29.03 454,654,235 79.97% 17,728,932
Resolution 3: To reappoint KPMG Audit Plc as the Company’s auditors
Votes for % of Votes against % of Total votes cast % of issued Number of
votes votes share shares on which
cast cast capital votes were
voting withheld
466,400,353 98.99 4,747,089 1.01 471,147,442 82.87% 1,235,157
Resolution 4: To authorise the Board to agree the auditors’ remuneration
Votes for % of Votes against % of Total votes cast % of issued Number of
votes votes share shares on which
cast cast capital votes were
voting withheld
465,709,472 98.70 6,112,231 1.30 471,821,703 82.99% 558,482
Resolution 5: To re-elect Roger Phillimore as a Director
Votes for % of Votes against % of Total votes cast % of issued Number of
votes votes share shares on which
cast cast capital votes were
voting withheld
232,715,447 74.45 79,883,243 25.55 312,598,690 54.98% 159,781,987
Resolution 6: To re-elect Ian Farmer as a Director
Following Mr Farmer’s resignation from the board on 31 December 2012, this resolution was not put to a
vote and therefore not carried.
Resolution 7: To re-elect Len Konar as a Director
Votes for % of Votes against % of Total votes cast % of issued Number of
votes votes share shares on which
cast cast capital votes were
voting withheld
224,995,284 71.74 88,637,611 28.26 313,632,895 55.16% 158,747,782
Resolution 8: To re-elect Jonathan Leslie as a Director
Votes for % of Votes against % of Total votes cast % of issued Number of
votes votes share shares on which
cast cast capital votes were
voting withheld
282,991,482 90.42 29,994,119 9.58 312,985,601 55.05% 159,397,131
Resolution 9: To re-elect David Munro as a Director
Votes for % of Votes against % of Total votes cast % of issued Number of
votes votes share shares on which
cast cast capital votes were
voting withheld
284,737,542 90.91 28,460,141 9.09 313,197,683 55.09% 159,185,463
Resolution 10: To re-elect Cyril Ramaphosa as a Director
As announced on 23 January, Mr Ramaphosa did not seek re-election to the board. Accordingly, this
resolution was not put to a vote and therefore not carried.
Resolution 11: To re-elect Simon Scott as a Director
Votes for % of Votes against % of Total votes cast % of issued Number of
votes votes share shares on which
cast cast capital votes were
voting withheld
284,776,282 90.93 28,422,609 9.07 313,198,891 55.09% 159,183,324
Resolution 12: To re-elect Mahomed Seedat as a Director
Votes for % of Votes against % of Total votes cast % of issued Number of
votes votes share shares on which
cast cast capital votes were
voting withheld
283,900,401 90.65 29,272,840 9.35 313,173,241 55.08% 159,209,905
Resolution 13: To re-elect Karen de Segundo as a Director
Votes for % of Votes against % of Total votes cast % of issued Number of
votes votes share shares on which
cast cast capital votes were
voting withheld
284,692,083 90.90 28,503,927 9.10 313,196,010 55.09% 159,184,667
Resolution 14: To re-elect Jim Sutcliffe as a Director
Votes for % of Votes against % of Total votes cast % of issued Number of
votes votes share shares on which
cast cast capital votes were
voting withheld
277,172,081 88.60 35,657,482 11.40 312,829,563 55.02% 159,554,673
Resolution 15: Directors' authority to allot shares
The text of this resolution reads as follows:
“That the Directors be and they are hereby generally and unconditionally authorised in accordance with
section 551 of the Companies Act 2006 (the “Act”) to exercise all the powers of the Company to allot
shares in the Company and to grant rights to subscribe for, or to convert any security into, shares in the
Company (“Rights”) up to an aggregate nominal amount of $189,300,000, provided that this authority shall
expire on the date of the next AGM of the Company or, if earlier, on 30 April 2014, save that the Company
shall be entitled to make offers or agreements before the expiry of such authority which would or might
require shares to be allotted or Rights to be granted after such expiry and the Directors shall be entitled to
allot shares and grant Rights pursuant to any such offer or agreement as if this authority had not expired;
and all unexercised authorities previously granted to the Directors to allot shares and grant Rights be and
are hereby revoked”.
Votes for % of Votes against % of Total votes cast % of Number of
votes votes issued shares on which
cast cast share votes were
capital withheld
voting
289,804,054 61.42 182,007,419 38.58 471,811,473 82.98% 570,664
Resolution 16: Purchase of own shares (Special Resolution)
The text of this resolution reads as follows:
“That the Company be generally and unconditionally authorised to make market purchases (within the
meaning of section 693(4) of the Companies Act 2006) of ordinary shares of US$1 in the capital of the
Company (“ordinary shares”) on such terms and in such manner as the Directors may from time to time
determine provided that:
(a) the maximum number of ordinary shares that may be purchased is 56,800,000;
(b) the minimum price that may be paid for an ordinary share is US$1;
(c) the maximum price that may be paid for an ordinary share is an amount equal to 105% of the
average of the middle-market prices shown in the quotation for an ordinary share as derived from
the London Stock Exchange Daily Official List for the five business days immediately preceding the
day on which the ordinary share is contracted to be purchased;
(d) this authority shall expire at the conclusion of the next AGM of the Company after the passing of this
resolution or, if earlier, on 30 April 2014 unless previously renewed, varied or revoked by the
Company in general meeting; and
(e) the Company may enter into a contract to purchase its ordinary shares under this authority prior to
its expiry, which contract will or may be executed wholly or partly after such expiry, and may
purchase its ordinary shares in pursuance of any such contract”.
Votes for % of Votes against % of Total votes cast % of issued Number of
votes votes share shares on which
cast cast capital votes were
voting withheld
462,558,372 98.04 9,239,776 1.96 471,798,148 82.98% 586,536
Resolution 17: Notice period for general meetings, other than annual general meetings (Special
Resolution)
The text of this resolution reads as follows:
“That a general meeting, other than an annual general meeting, may be called on not less than 14 clear days’
notice”.
Votes for % of Votes against % of Total votes cast % of issued Number of
votes votes share shares on which
cast cast capital votes were
voting withheld
425,861,409 90.26 45,946,623 9.74 471,808,032 82.98% 579,285
Resolution 18: Modification of the Balanced Scorecard Bonus Plan)
The text of this resolution reads as follows:
“That the Lonmin Plc Balanced Scorecard Bonus Plan, in the form, or substantially in the form, produced to
the Meeting and signed by the Chairman for the purposes of identification, be hereby approved and the
directors be hereby authorised to do all things which they may consider necessary or expedient in
administering the Bonus Plan”.
Votes for % of Votes against % of Total votes cast % of issued Number of
votes votes share shares on which
cast cast capital votes were
voting withheld
416,495,573 88.72 52,953,167 11.28 469,448,740 82.57% 2,935,383
Enquiries:
Rob Bellhouse +44 (0)20 7201 6000
Company Secretary
Lonmin Plc
Tanya Chikanza +44 (0)20 7201 6007
Head of Investor Relations
Lonmin Plc
END
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
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