Wrap Text
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")
30 JANUARY 2014
ANNUAL GENERAL MEETING – VOTING RESULTS
At the Annual General Meeting held on 30 January 2014 all resolutions 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 2013
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
479,130,096 99.85 734,150 0.15 479,864,246 84.27% 942,732
Resolution 2: To approve the directors’ remuneration policy
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
397,198,255 82.79 82,594,144 17.21 479,792,399 84.25% 1,018,000
Resolution 3: To approve the directors’ remuneration report (other than the policy) for the year ended
30 September 2013
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
426,686,590 89.36 50,818,593 10.64 477,505,183 83.85% 3,304,733
Resolution 4: To reappoint KPMG LLP 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
466,664,951 97.07 14,091,162 2.93 480,756,113 84.42% 52,769
Resolution 5: 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
476,655,624 99.15 4,105,113 0.85 480,760,737 84.42% 49,662
Resolution 6: 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
469,665,503 97.88 10,176,795 2.12 479,842,298 84.26% 968,101
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
417,791,061 87.51 59,607,516 12.49 477,398,577 83.83% 3,411,822
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
480,389,672 99.93 351,637 0.07 480,741,309 84.42% 69,090
Resolution 9: 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
479,999,214 99.85 744,921 0.15 480,744,135 84.42% 66,264
Resolution 10: 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
472,561,190 98.30 8,184,024 1.70 480,745,214 84.42% 65,185
Resolution 11: 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
478,092,532 99.70 1,446,733 0.30 479,539,265 84.21% 1,269,001
Resolution 12: To re-elect Brian Beamish 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
480,443,881 99.94 297,210 0.06 480,741,091 84.42% 69,308
Resolution 13: To re-elect Ben Magara 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
479,305,922 99.71 1,410,741 0.29 480,716,663 84.42% 93,736
Resolution 14: To re-elect Phuti Mahanyele 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
479,165,208 99.67 1,579,064 0.33 480,744,272 84.42% 66,438
Resolution 15: To re-elect Gary Nagle 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
479,021,162 99.64 1,723,676 0.36 480,744,838 84.42% 65,561
Resolution 16: To re-elect Paul Smith 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
479,047,525 99.65 1,697,333 0.35 480,744,858 84.42% 65,541
Resolution 17: 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 to exercise all the powers of the Company to allot Ordinary Shares
in the Company and to grant rights to subscribe for, or to convert any security into, Ordinary Shares in the
Company (“Rights”) up to an aggregate nominal amount of $189,600,000, provided that this authority shall
expire on the date of the next AGM of the Company or, if earlier, on 30 April 2015, 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 Ordinary 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 Ordinary 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
334,435,281 69.57 146,297,848 30.43 480,733,129 84.42% 76,787
Resolution 18: 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 56,900,000;
(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 2015 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
473,759,380 98.54 7,006,842 1.46 480,766,222 84.43% 44,177
Resolution 19: 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
445,735,481 92.72 35,019,388 7.28 480,754,869 84.42% 55,530
Resolution 20: Extension of the Long Term Incentive Pan (LTIP)
The text of this resolution reads as follows:
“That the Directors be and are hereby authorised to extend the operation of the LTIP as contained in the
Lonmin Shareholder Value Incentive Plan, amended in accordance with the summary of principal terms of
the LTIP as set out on page 9 of this Notice, for an additional period of two years.”
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
449,796,369 93.56 30,944,893 6.44 480,741,262 84.42% 69,431
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: JP Morgan Equities South Africa (Pty) Ltd
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