Wrap Text
Results of AGM
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1989/002164/06)
Share Code: ACL
ISIN: ZAE000134961
(“ArcelorMittal South Africa”)
RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 25 MAY 2016
At the Annual General Meeting (AGM) of the shareholders of
ArcelorMittal South Africa Ltd held on 25 May 2016, all the
ordinary and special resolutions proposed at the meeting were
approved by the requisite majority of votes by shareholders
present in person or represented by proxy.
The total number of shares present/represented, including
proxies, at the meeting was 974,606,259 which is 85.64% of the
total number of shares that could vote at the meeting as at
the Voting Record Date.
The voting results were as follows:
For Against Abstain(*) Shares voted
1 Ordinary resolution number 1: The Re-appointment of auditors
930,051,949 - 4,055 930,051,949
100.00000% 0.00000% 0.00037% 100.00000%
2 Ordinary resolution number 2: Re-election of Mr PM Makwana
930,051,949 - 4,055 930,051,949
100.00000% 0.00000% 0.00037% 100.00000%
3 Ordinary resolution number 3: Re-election of Mr LP Mondi
839,555,056 13,715,264 76,785,684 853,270,320
98.39262% 1.60738% 7.02195% 100.00000%
4 Ordinary resolution number 4: Re-election of JRD Modise
927,881,868 2,170, 081 4 055 930,051,949
99.7667% 0.23333% 0.00037% 100.00000%
5 Ordinary resolution number 5: The Re-election of Ms NP Mnxasana
930,051,949 - 4,055 930,051,949
100.00000% 0.00000% 0.00037% 100.00000%
6 Ordinary resolution number 6: Re-election of Mr NF Nicolau
930,051,949 - 4,055 930,051,949
100.00000% 0.00000% 0.00037% 100.00000%
For Against Abstain(*) Shares voted
7 Ordinary resolution number 7: Re-election of Ms LZ Cele
930,051,949 4,055 930,051,949
100.0000% 0.00000% 0.00037% 100.00000%
8 Ordinary resolution number 8: Election of Mr RK Kothari
887,597,373 13,715,456 28,743,175 901,312,829
98.47828% 1.52172% 2.62853% 100.00000%
9 Ordinary resolution number 9: Election of M Vereecke
879,018,966 2,990,474 48,046,564 882,009,440
99.66095% 0.33905% 4.39379% 100.00000%
10 Ordinary resolution number 10: Election of D Subramanian
927,061,475 2,990,474 4,055 930,051,949
99.67846% 0.32154% 0.00037% 100.00000%
11 Ordinary resolution number 11: Election of PS O’Flaherty
926,973,328 3,078,621 4,055 930,051,949
99.66898% 0.33102% 0.00037% 100.00000%
12 Ordinary resolution number 12: Election of Mr JRD Modise as audit and risk committee
member
927,881,686 2,170,081 4,055 930,051,949
99.76667% 0.23333% 0.00037% 100.00000%
13 Ordinary resolution number 13: Election of Ms NP Mnxasana as audit and risk
committee member
930,051,949 - 4,055 930,051,949
100.00000% 0.00000% 0.00037% 100.00000%
14 Ordinary resolution number 14: Election of LZ Cele as audit and risk committee member
930,051,949 - 4,055 930,051,949
100.00000% 0.00000% 0.00037% 100.00000%
15 Ordinary resolution number 15: Election of the chairperson of the audit and risk
committee
930,051,949 - 4,055 930,051,949
100.00000% 0.00000% 0.00037% 100.00000%
16 Non-binding advisory endorsement: Remuneration policy
914,932,855 15,119,094 4,055 930,051,949
98.37438% 1.62562% 0.00037% 100.00000%
17 Special resolution number 1.1: Approval of non-executive directors’ fees – Chairman
914,932,989 15,118,960 4,055 930,051,949
98.37440% 1.62560% 0.00037% 100.00000%
18 Special resolution number 1.2 : Approval of non-executive directors’ fees – Director
924,021,584 6,030,365 4,055 930,051,949
99.35161% 0.64839% 0.00037% 100.00000%
19 Special Resolution number 1.3: Approval of non-executive directors’ fees – Audit and
risk committee chairman
930,051,891 58 4,055 930,051,949
99.99999% 0.00001% 0.00037% 100.00000%
20 Special resolution number 1.4: Approval of non-executive directors’ fees – Audit and risk
For Against Abstain(*) Shares voted
committee member
930,051,891 58 4,055 930,051,949
99.99999% 0.00001% 0.00037% 100.00000%
21 Special resolution number 1.5: Approval of non-executive directors’ fees – Nominations
committee chairman
930,051,891 58 4,055 930,051,949
99.99999% 0.00001% 0.00037% 100.00000%
22 Special resolution number 1.6: Approval of non-executive directors’ fees – Nominations
committee member
930,051,891 58 4,055 930,051,949
99.99999% 0.00001% 0.00037% 100.00000%
23 Special resolution number 1.7: Approval of non-executive directors’ fees - Safety, health
and environment committee chairman
930,051,949 - 4,055 930,051,949
100.00000% 0.00000% 0.00037% 100.00000%
24 Special resolution number 1.8: Approval of non-executive directors’ fees - Safety, health
and environment committee member
930,051,949 4,055 930,051,949
100.00000% 0.00000% 0.00037% 100.00000%
For Against Abstain(*) Shares voted
25 Special resolution number 1.9: Approval of non-executive directors’ fees –
Remuneration, social and ethics committee chairman
930,051,891 58 4,055 930,051,949
99.99999% 0.00001% 0.00037% 100.00000%
26 Special resolution number 1.10: Approval of non-executive directors’ fees –
Remuneration, social and ethics committee member
930,051,891 58 4,055 930,051,949
99.99999% 0.00001% 0.00037% 100.00000%
27 Special resolution number 1.11: Approval of non-executive directors’ fees – Share trust
committee chairman
930,051,949 - 4,055 930,051,949
100.00000% 0.00000% 0.00037% 100.00000%
28 Special resolution number 1.12: Approval of non-executive directors’ fees – Share trust
committee member
930,051,949 - 4,055 930,051,949
99.99999% 0.00000% 0.00037% 100.00000%
29 Special resolution number 1.13: Approval of non-executive directors’ fees – B-BBEE
committee chairman
930,051,891 58 4,055 930,051,949
99.99999% 0.00001% 0.00037% 100.00000%
30 Special resolution number 1.14: Approval of non-executive directors’ fees – B-BBEE
committee member
930,051,891 58 4,055 930,051,949
99.99999% 0.00001% 0.00037% 100.00000%
For Against Abstain(*) Shares voted
31 Special resolution number 1.15: Approval of non-executive directors’ fees – Any ad hoc
or other board committee appointed by the board (chairman)*
911,220,605 18,831,344 4,055 930,051,949
97.97524% 2.02476% 0.00037% 100.00000%
32 Special resolution number 1.16: Approval of non-executive directors’ fees – Any ad hoc
or other board committee appointed by the board (member)*
911,220,605 18,831,344 4,055 930,051,949
97.97524% 2.02476% 0.00037% 100.00000%
33 Special resolution number 2: Financial Assistance to related or inter-related company
930,051,891 58 4,055 930,051,949
99.99999% 0.00001% 0.00037% 100.00000%
34 Ordinary resolution number 16: Authority to implement resolutions passed at the annual
general meeting
930,051,949 - 4,055 930,051,949
100.00000% 0.00000% 0.00037% 100.00000%
* abstentions as 0,00037% of issued voteable shares
25 May 2016
Vanderbijlpark Works
Sponsor to ArcelorMittal South Africa Limited
J.P. Morgan Equities South Africa Pty Ltd
For further information please contact:
Themba Sepotokele
Manager: Corporate Communications and Branding
Tel: (016) 889 2425
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