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ACL - Results of the Annual General Meeting held on 24 May 2017 and Retirement of Director
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1989/002164/06)
Share Code: ACL
ISIN: ZAE000134961
(“ArcelorMittal South Africa” or “the Company”)
RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 24 MAY 2017 AND RETIREMENT OF
DIRECTOR
At the Annual General Meeting (“AGM”) of the shareholders of ArcelorMittal South Africa Limited held on
24 May 2017, 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.
Mr Lumkile Mondi retired from the Board of Directors (“Board”) at the conclusion of the AGM. The Board
would like to thank Mr Mondi, a long-standing member of the Board, for his valuable contribution to the
Company during his tenure as a non-executive director of ArcelorMittal South Africa.
The total number of shares present/represented, including proxies, at the meeting was 1,312,835,196 which
is 97% 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
2 Ordinary resolution number 1: The Re-appointment of auditors
1,251,802,149 60,988,856 44,191 1,312,791,005
95,35% 4.65% 0.00% 96.68%
3 Ordinary resolution number 2: Re-election of Mr PM Makwana
1,312,383,911 86,602 364,683 1,312,470,513
99.99% 0.01% 0.03% 96.66%
4 Ordinary resolution number 3: Re-election of Mr RK Kothari
1,312,226,395 269,122 339,679 1,312,495,517
99.98% 0.02% 0.03% 96.66%
5 Ordinary resolution number 4: Re-election of Mr NF Nicolau
1,312,339,325 156,192 339,679 1,312,495,517
99.99% 0.01% 0.03% 96.66%
6 Ordinary resolution number 5: The Re-election of Ms LC Cele
1,312,427,472 68,045 339,679 1,312,495,517
99.99% 0.01% 0.03% 96.66%
7 Ordinary resolution number 6: Election of Mr H Blaffart
1,312,278,275 217,242 339,679 1,312,495,517
99.98% 0.02% 0.03% 96.66%
8 Ordinary resolution number 7: Election of Mr D Clarke
1,312,287,445 208,072 339,679 1,312,495,517
99.98% 0.02% 0.03% 96.66%
9 Ordinary resolution number 8: Election of Ms NP Gosa
1,312,339,325 156,192 339,679 1,312,495,517
99.99% 0.01% 0.03% 96.66%
For Against Abstain(*) Shares voted
10 Ordinary resolution number 9: Re-election of Mr JRD Modise
1,295,634,715 16,860,802 339,679 1,312,495,517
98.72% 1.28% 0.03% 96.66%
11 Ordinary resolution number 10: Re-election of Ms NP Mnxasana
1,312,722,960 68,045 44,191 1,312,791,005
99.99% 0.01% 0.00% 96.68%
12 Ordinary resolution number 11: Election of Mr WA De Klerk
1,312,602,362 188,738 44,096 1,312,791,100
99.99% 0.01% 0.00% 96,68%
13 Ordinary resolution number 12: Election of Mr D Subramanian
1,312,723,960 67,045 44,191 1,312,791,005
99.99% 0.01% 0.00% 96.68%
14 Ordinary resolution number 13: Election of Mr JRD Modise as audit and risk committee member
1,295,723,040 16,772,477 339,679 1,312,494,517
98.72% 1.28% 0.03% 96.66%
15 Ordinary resolution number 14: Election of Ms NP Mnxasana as audit and risk committee member
1,312,473,078 21,439 340,679 1,312,494,517
100.00% 0.00% 0.03% 96.66%
16 Ordinary resolution number 15: Election of Ms LC Cele as audit and risk committee member
1,312,473,078 22,439 339,679 1,312,495,517
100.00% 0.00% 0.03% 96.66%
17 Ordinary Resolution number 16: Election of chairperson of audit and risk committee
1,312,769,566 21,439 44,191 1,312,791,005
100.00% 0.00% 0.00% 96.68%
18. Non-binding advisory endorsement: Remuneration Policy
1,210,550,860 101,942,640 341,696 1,312,493,500
92.23% 7.77% 0.03% 96.66%
19.1 Chairman (all-in annual fee)
1,208,503,659 103,990,663 340,874 1,312,494.322
92.08% 7.92% 0.03% 96.66%
19.2 Director (annual retainer and attendance per board meeting)
1,219,427,815 93,066,507 340,874 1,312,494,322
92.91% 7.09% 0.03% 96,66%
19.3 Audit and risk committee chairman
1,219,427,815 93,066,507 340,874 1,312,494,322
92.91% 7.09% 0.03% 96.66%
19.4 Audit and risk committee member
1,219,427,815 93,066,507 340,874 1,312,494,322
92.91% 7.09% 0.03% 96.66%
19.5 Nominations committee chairman
1,219,427,815 93,065,507 341,874 1,312,493,322
92.91% 7.09% 0.03% 96.66%
19.6 Nominations committee member
1,219,427,815 93,065,507 341,874 1.312,493,322
92.91% 7.09% 0.03% 96.66%
19.7 Safety, health and environment committee chairman
1,219,427,815 93,065,507 341,874 1,312,493,322
92.91% 7.09% 0.036% 96.66%
19.8 Safety, health and environment committee member
1,219,427,815 93,065,507 341,874 1,312,493,322
92.91% 7.09% 0.03% 96.66%
For Against Abstain(*) Shares voted
19.9 Remuneration, social and ethics committee chairman
1,219,427,815 93,065,507 341,874 1,312,493,322
92.91% 7.09% 0.03% 96.66%
19.10 Remuneration, social and ethics committee member
1,219,427,815 93,065,507 341,874 1,312,493,322
92.91% 7.09% 0.03% 96.66%
19.11 Share trust committee chairman
1,219,427,815 93,065,507 341,874 1,312,493,322
92.91% 7.09% 0.03% 96.66%
19.12 Share trust committee member
1,219,427,815 93,065,507 341,874 1,312,493,322
9.91% 7.09% 0.03% 96.66%
19.13 B-BBEE committee chairman
1,219,427,815 93,065,507 341,874 1,312,493,322
92.91% 7.09% 0.03% 96.66%
19.14 B-BBEE committee member
1,219,427,815 93,065,507 341,874 1,312,493,322
92,91% 7.09% 0.03% 96.66%
19.15 Any ad hoc or other committee appointed by the board (chairman)
1,219,382,387 93,110,935 341,874 1,312,493,222
92,91% 7.09% 0.03% 96.66%
19.16 Any ad hoc or other committee appointed by the board (member)
1,219,382,387 93,110,935 341,874 1,312,493,322
92.91% 7.09% 0.03% 96.66%
20 Special resolution number 2: Financial assistance to related or inter-related company
1,312,472,900 316,927 45,369 1,312,789,827
99.98% 0.02% 0.00% 96.68%
21 Ordinary resolution number 17: Authority to implement resolutions passed at the annual general meeting
1,312,452,396 338,609 44,191 1,312,791,005
99.97% 0.03% 0.00% 96.68%
24 May 2017
Vanderbijlpark Works
For further information please contact:
Mr Themba Sepotokele
Manager: Corporate Communications, Corporate Affairs
Tel: (016) 889 2425
Sponsor to ArcelorMittal South Africa Limited
Absa Bank Limited (acting through its Corporate and Investment Banking division)
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