To view the PDF file, sign up for a MySharenet subscription.

LONMIN PLC - Annual General Meeting Voting Results

Release Date: 29/01/2015 17:30
Code(s): LON     PDF:  
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")


Annual General Meeting – Voting Results

29 January 2015

At the Annual General Meeting held on 29 January 2015 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 2014

        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
     437,202,186      99.98           99,850      0.02        437,302,036         74.90           596,641

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
     405,992,661      93.01      30,501,242       6.99        436,493,903         74.77         1,404,873

Resolution 3: To approve the directors’ remuneration report (other than the policy) for the year ended
30 September 2014

        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
     435,365,887      99.87         568,588       0.13        435,934,475         74.67         1,954,173

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
     435,772,780      99.78         939,441       0.22        436,712,221         74.80         1,185,777

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
     437,699,529       99.96          188,551         0.04      437,888,080          75.00            10,307

Resolution 6: 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

     437,617,593       99.96          159,592         0.04      437,777,185          74.99           120,826

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
     342,499,840       78.33       94,765,761       21.67       437,265,601           74.90           632,870

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
     437,705,308       99.97          148,517         0.03      437,853,825           75.00            44,852

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
     436,318,526       99.89          459,341         0.11      436,777,867           74.81         1,120,627

Resolution 10: 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
     434,242,254       99.18        3,608,969         0.82      437,851,223           75.00            41,341

Resolution 11: 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
     436,253,096       99.90          431,198         0.10       436,684,294           74.80         1,213,605

Resolution 12: 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
     424,898,275       97.20       12,261,181         2.80       437,159,456            74.88           738,443

Resolution 13: 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
     427,757,597       97.84        9,426,827         2.16       437,184,424            74.88           713,603

Resolution 14: 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
     424,916,467       97.19       12,264,768         2.81       437,181,235            74.88           716,252

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 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 $194,500,000, provided that this authority shall
expire on the date of the next AGM of the Company or, if earlier, on 30 April 2016, 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
     269,508,679       61.55       168,372,540        38.45       437,881,219          75.00            16,846

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) 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 58,500,000;

(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 2016 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
      419,712,039      95.85       18,170,152       4.15        437,882,191           75.00            14,465

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
      381,055,080      87.03       56,808,652      12.97        437,863,732           75.00            34,615

Resolution 18: Approval of the 2015 Long Term Incentive Pan (LTIP)
The text of this resolution reads as follows:
“That the rules of the Lonmin Plc 2015 Long Term Incentive Plan, in the form produced at the AGM and
initialled by the Chairman of the AGM for the purposes of identification (a summary of which is set out in
Appendix 2 to the Notice of AGM), be and are hereby approved”.

        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
      405,461,858      93.04       30,309,837       6.96        435,771,695           74.64         2,126,279

Resolution 19: Amendment of the Rules of the Annual Share Award Plan
The text of this resolution reads as follows:
“That the amendments to the Rules of the Lonmin Annual Share Award Plan summarised in the
explanatory notes to the Notice of AGM, and in the form produced at the AGM and initialled by the
Chairman of the AGM for the purposes of identification, be and are hereby approved”.

        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
     395,576,813       90.65       40,791,638     9.35        436,368,451            74.74         1,519,184


Resolution 20: Amendment of the Rules of the Balanced Scorecard Bonus Plan
The text of this resolution reads as follows:
“That the amendments to the Rules of the Lonmin Plc Balanced Scorecard Bonus Plan summarised in the
explanatory notes to the Notice of AGM, and in the form produced at the AGM and initialled by the
Chairman of the AGM for the purposes of identification, be and are hereby approved”.

        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
     436,026,219       99.91          371,008     0.09        436,397,227            74.75         1,499,657




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

Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd

Date: 29/01/2015 05:30:00 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.

Share This Story