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AFRICAN RAINBOW MINERALS LIMITED - Results of Annual General Meeting

Release Date: 05/12/2016 16:00
Code(s): ARI     PDF:  
Wrap Text
Results of Annual General Meeting

African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1933/004580/06)
JSE Share code: ARI
ISIN: ZAE000054045
(“ARM”)

Results of Annual General Meeting

The shareholders of ARM (“Shareholders”) are advised that at the annual general meeting of Shareholders (“Annual
General Meeting”) held on Friday, 2 December 2016, in terms of the notice of Annual General Meeting distributed to
Shareholders on Monday, 31 October 2016, all of the resolutions tabled were passed by the requisite majority of votes
cast by Shareholders present in person or represented by proxy.

As at Friday, 25 November 2016, being the Voting Record Date, the total issued share capital of ARM was 218 384 758
(“Issued Shares”) and the total number of votable shares was 189 770 018 (“Votable Shares”). The number of ARM
shares voted in person or by proxy at the Annual General Meeting is 177 352 473 shares, representing 81.21% of the
Issued Shares and 93.46% of the Votable Shares.

The voting results were as follows:

                                                                                            SHARES
                                                                                             VOTED        SHARES
                                                                                               AS A     ABSTAINED
                                                                                            PERCENT         AS A
                                                               SHARES        NUMBER             OF      PERCENT OF
                                                  SHARES        VOTED          OF            ISSUED       ISSUED
                                                 VOTED FOR     AGAINST       SHARES          SHARES       SHARES
RESOLUTION                                         (%)*          (%)*         VOTED           (%)**        (%)**
Ordinary resolution number 1
                                                   97.09         2.91       175 998 353       80.59         0.62
Re-election of Mr F Abbott as a Director
Ordinary resolution number 2
Re-election of Mr T A Boardman as a                99.53         0.47       175 998 353       80.59         0.62
Director
Ordinary resolution number 3                                                                                0.62
                                                   97.12         2.88       175 998 353       80.59
Re-election of W M Gule as a Director
Ordinary resolution number 4
Re-appointment of Ernst & Young Inc. as
external auditor and re-appointment of             93.07         6.93       177 351 891       81.21         0.00
Mr L I N Tomlinson as the person designated
to act on behalf of the external auditor
Ordinary resolution number 5
Election of Audit and Risk Committee
Members
Ordinary resolution number 5.1
                                                   99.53         0.47       175 998 353       80.59         0.62
Mr T A Boardman
Ordinary resolution number 5.2
                                                   92.42         7.58       175 998 353       80.59         0.62
Mr F Abbott
Ordinary resolution number 5.3
                                                   99.19         0.81       175 998 353       80.59         0.62
Dr M M M Bakane-Tuoane
Ordinary resolution number 5.4
                                                  99.95           0.05       175 997 771   80.59   0.62
Mr A D Botha
Ordinary resolution number 5.5
                                                  99.19           0.81       175 998 353   80.59   0.62
Mr A K Maditsi
Ordinary resolution number 5.6
                                                  99.19           0.81       175 998 353   80.59   0.62
Dr R V Simelane
Ordinary resolution number 6
Non-binding advisory vote on ARM’s                90.03           9.97       167 779 970   76.83   4.38
Remuneration Policy
Special resolution number 1
Increase in annual retainer fees and the per
                                                  99.95           0.05       175 997 771   80.59   0.62
Board meeting attendance fees of Non-
executive Directors
Special resolution number 2
Increase in the per Committee meeting             99.88           0.12       175 997 771   80.59   0.62
attendance fees of Committee members
* Expressed as a percentage of the number of shares voted per resolution.
**Expressed as a percentage of 218 384 758 Issued Shares as at the Voting Record Date.


Sandton
5 December 2016




Sponsor: Deutsche Securities (SA) Proprietary Limited

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