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Results of AGM
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 : GB00BYSRJ698 ("Lonmin")
LEI: 213800FGJZ2WAC6Y2L94
16 MARCH 2018
ANNUAL GENERAL MEETING – VOTING RESULTS
At the Annual General Meeting held on 15 March 2018 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 2017
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
172,052,899 98.52 2,585,910 1.48 174,638,809 61.76 47,685
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
149,546,810 85.66 25,045,159 14.34 174,591,969 61.74 94,288
Resolution 3: To approve the directors’ remuneration report (other than the Directors’ remuneration
policy) for the year ended 30 September 2017
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
147,981,019 86.01 24,068,382 13.99 172,049,401 60.84 2,636,842
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
88,661,997 96.15 3,551,472 3.85 92,213,469 32.61 82,472,472
Resolution 5: To authorise the Audit & Risk Committee of 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
174,595,812 99.98 33,604 0.02 174,629,416 61.75 56,829
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
166,707,986 95.85 7,210,304 4.15 173,918,290 61.50 767,938
Resolution 7: To re-elect Kennedy Bungane 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
174,516,329 99.94 112,782 0.06 174,629,111 61.75 57,129
Resolution 8: To elect Gillian Fairfield 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
174,370,853 99.85 261,297 0.15 174,632,150 61.75 54,089
Resolution 9: To re-elect Len Konar as a Director – resolution withdrawn
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
RESOLUTION WITHDRAWN
Resolution 10: 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
169,154,451 96.86 5,479,365 3.14 174,633,816 61.76 52,669
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
174,507,326 99.93 119,961 0.07 174,627,287 61.75 51,192
Resolution 12: To re-elect Varda Shine 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
169,289,806 96.94 5,344,836 3.06 174,634,642 61.76 51,844
Resolution 13: To re-elect Barrie van der Merwe 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
174,517,204 99.94 111,526 0.06 174,628,730 61.75 57,759
Resolution 14: 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 shares in the
Company and to grant rights to subscribe for, or to convert any security into, shares in the Company
(“Rights”) up to an aggregate nominal amount of US$9,410, provided that this authority shall expire on the
date of the next AGM of the Company or, if earlier, on 15 June 2019, 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
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 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
91,365,878 52.32 83,260,546 47.68 174,626,424 61.75 60,071
Resolution 15: 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 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 28,200,000;
b) the minimum price that may be paid for an Ordinary Share is US$0.0001;
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 15 June 2019 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
171,946,517 98.46 2,684,659 1.54 174,631,176 61.75 47,299
Resolution 16: 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
171,502,570 98.21 3,134,275 1.79 174,636,845 61.76 49,654
The Board recognises that the significant vote against Resolution 14 (authority to allot shares) is a
reflection of, and in accordance with, prevailing institutional guidelines in South Africa, which differ from
those generally applied in the UK by companies with primary listings on the London Stock Exchange. The
Board notes that the authority granted today by shareholders falls within the Investment Association’s
Share Capital Management Guidelines.
Enquiries:
Seema Kamboj +44 (0)20 3908 1070
Company Secretary
Lonmin Plc
Tanya Chikanza +44 (0)20 3908 1073
EVP, Corporate Strategy, Investor Relations
and Corporate Communications
Lonmin Plc
END
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
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