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ACL - Broad Based Black Economic Empowerment Act: Annual Compliance Report and Results of the Annual General Meeting
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”)
Broad Based Black Economic Empowerment Act (the BBBEE Act): Annual Compliance
Report and Results of the Annual General Meeting Held on 24 May 2018
BBBEE Act: Annual Compliance Report
In accordance with paragraph 16.20 (g) and Appendix 1 to Section 11 of the JSE Limited
Listings Requirements, notice is hereby given that the Company's annual compliance report in
terms of section 13G(2) of the BBBEE Act has been published and is available on ArcelorMittal
South Africa’s website at www.arcelormittalsa.com.
ArcelorMittal South Africa reports that under the new B-BBEE codes, the Company has a rating
as a Level 5 Contributor in 2018.
Results of Annual General Meeting (AGM)
At the AGM of the shareholders of ArcelorMittal South Africa held on Thursday 24 May 2018,
all the ordinary and special resolutions proposed at the meeting, subject to the re-election of
Mr Dean Subramanian, were approved by the requisite majority of votes by shareholders
present in person or represented by proxy.
Following the SENS Announcement released on Tuesday 8 May 2018 informing of Mr Dean
Subramanian’s intention to resign as executive director and Chief Financial Officer (“CFO”) on
Tuesday 31 July 2018, ordinary resolution number 13, relating to Mr Subramanian’s re-election
as director and CFO, was withdrawn.
The total number of shares present/represented, including proxies, at the meeting was
1,380,956,483 which is 97% of the total number of shares that could vote at the Annual General
Meeting as at the Meeting Record Date (being Friday 18 May 2018).
The voting results were as follows: (see attached)
1 Ordinary resolution number 1: Reappointment of auditors
For Against Abstain Shares voted
1 319 365 449 61 529 969 61 065 1 380 895 418
95,54% 4,46% 100,00%
2 Ordinary resolution number 2: Re-election of Mr JRD Modise
For Against Abstain Shares voted
1 379 358 108 1 547 310 51 065 1 380 905 418
99,89% 0,11% 100,00%
3 Ordinary resolution number 3: Re-election of Ms NP Mnxasana
For Against Abstain Shares voted
1 379 201 493 1 693 925 61 065 1 380 895 418
99,88% 0,12% 100,00%
4 Ordinary resolution number 4: Appointment of Ms KMM Musonda
For Against Abstain Shares voted
1 380 811 083 84 335 61 065 1 380 895 418
99,99% 0,01% 100,00%
5 Ordinary resolution number 5: Appointment of Mr GS Gouws
For Against Abstain Shares voted
1 380 811 083 84 335 61 065 1 380 895 418
99,99% 0,01% 100,00%
6 Ordinary resolution number 6: Appointment of Mr BE Aranha
For Against Abstain Shares voted
1 380 811 083 84 335 61 065 1 380 895 418
99,99% 0,01% 100,00%
7 Ordinary resolution number 7: Re-election of Mr PM Makwana
For Against Abstain Shares voted
1 379 137 732 1 757 686 61 065 1 380 895 418
99,87% 0,13% 100,00%
8 Ordinary resolution number 8: Re-election of Mr RK Kothari
For Against Abstain Shares voted
1 379 573 454 1 321 964 61 065 1 380 895 418
99,90% 0,10% 100,00%
9 Ordinary resolution number 9: Re-election of Mr NF Nicolau
For Against Abstain Shares voted
1 379 798 861 1 096 557 61 065 1 380 895 418
99,92% 0,08% 100,00%
10 Ordinary resolution number 10: Re-election of Ms LC Cele
For Against Abstain Shares voted
1 380 485 147 410 271 61 065 1 380 895 418
99,97% 0,03% 100,00%
11 Ordinary resolution number 11: Re-election of Ms NP Gosa
For Against Abstain Shares voted
1 380 817 343 78 075 61 065 1 380 895 418
99,99% 0,01% 100,00%
12 Ordinary resolution number 12: Appointment of Mr HJ Verster
For Against Abstain Shares voted
1 380 811 083 84 335 61 065 1 380 895 418
99,99% 0,01% 100,00%
13 Ordinary resolution number 13: Re-election of Mr D Subramanian - Withdrawn
14 Ordinary resolution number 14: Election of Mr JRD Modise as audit and risk committee member
For Against Abstain Shares voted
1 380 364 530 540 888 51 065 1 380 905 418
99,96% 0,04% 100,00%
15 Ordinary resolution number 15: Election of Ms NP Mnxasana as audit and risk committee member
For Against Abstain Shares voted
1 380 805 283 90 135 61 065 1 380 895 418
99,99% 0,01% 100,00%
16 Ordinary resolution number 16: Election of Ms LC Cele as audit and risk committee member
For Against Abstain Shares voted
1 380 805 283 90 135 61 065 1 380 895 418
99,99% 0,01% 100,00%
17 Ordinary resolution number 17: Election of chairperson of the audit and risk committee
For Against Abstain Shares voted
1 380 805 283 84 335 66 865 1 380 889 618
99,99% 0,01% 100,00%
18 Non-binding resolution number 1: Approval of the remuneration policy
For Against Abstain Shares voted
1 348 502 622 32 402 094 51 767 1 380 904 716
97,65% 2,35% 100,00%
19 Non-binding resolution number 2: Approval of the implementation of the remuneration policy
For Against Abstain Shares voted
1 348 943 378 31 961 341 51 764 1 380 904 719
97,69% 2,31% 100,00%
20 Special resolution number 1: Approval of non-executive directors’ fees - 1.1 Chairman (all-in
annual fee)
For Against Abstain Shares voted
1 349 041 032 31 853 687 61 764 1 380 894 719
97,69% 2,31% 100,00%
21 Special resolution number 1: Approval of non-executive directors’ fees - 1.2 Director (annual
retainer and attendance per board meeting)
For Against Abstain Shares voted
1 380 804 984 89 735 61 764 1 380 894 719
99,99% 0,01% 100,00%
22 Special resolution number 1: Approval of non-executive directors’ fees - 1.3 Audit and risk
committee chairman
For Against Abstain Shares voted
1 380 804 984 89 735 61 764 1 380 894 719
99,99% 0,01% 100,00%
23 Special resolution number 1: Approval of non-executive directors’ fees - 1.4 Audit and risk
committee member
For Against Abstain Shares voted
1 380 804 984 89 735 61 764 1 380 894 719
99,99% 0,01% 100,00%
24 Special resolution number 1: Approval of non-executive directors’ fees - 1.5 Human resources,
remuneration and nomination committee chairman
For Against Abstain Shares voted
1 380 804 984 89 735 61 764 1 380 894 719
99,99% 0,01% 100,00%
25 Special resolution number 1: Approval of non-executive directors’ fees - 1.6 Human resources,
remuneration and nomination committee member
For Against Abstain Shares voted
1 380 804 984 89 735 61 764 1 380 894 719
99,99% 0,01% 100,00%
26 Special resolution number 1: Approval of non-executive directors’ fees - 1.7 Safety, health and
environment committee chairman
For Against Abstain Shares voted
1 380 804 984 89 735 61 764 1 380 894 719
99,99% 0,01% 100,00%
27 Special resolution number 1: Approval of non-executive directors’ fees - 1.8 Safety, health and
environment committee member
For Against Abstain Shares voted
1 380 804 984 89 735 61 764 1 380 894 719
99,99% 0,01% 100,00%
28 Special resolution number 1: Approval of non-executive directors’ fees - 1.9 Transformation,
social and ethics committee chairman
For Against Abstain Shares voted
1 380 804 984 89 735 61 764 1 380 894 719
99,99% 0,01% 100,00%
29 Special resolution number 1: Approval of non-executive directors’ fees - 1.10 Transformation,
social and ethics committee member
For Against Abstain Shares voted
1 380 804 984 89 735 61 764 1 380 894 719
99,99% 0,01% 100,00%
30 Special resolution number 1: Approval of non-executive directors’ fees - 1.11 Any ad hoc or
other board committee appointed by the board (chairman)
For Against Abstain Shares voted
1 380 804 044 90 675 61 764 1 380 894 719
99,99% 0,01% 100,00%
31 Special resolution number 1: Approval of non-executive directors’ fees - 1.12 Any ad hoc or
other board committee appointed by the board (member)
For Against Abstain Shares voted
1 380 804 984 89 735 61 764 1 380 894 719
99,99% 0,01% 100,00%
32 Special resolution number 2: Financial assistance to related or inter-related company
For Against Abstain Shares voted
1 380 776 548 118 438 61 497 1 380 894 986
99,99% 0,01% 100,00%
33 Ordinary resolution number 18: Authority to implement resolutions passed at the annual
general meeting
For Against Abstain Shares voted
1 380 824 083 71 335 61 065 1 380 895 418
99,99% 0,01% 100,00%
24 May 2018
Vanderbijlpark Works
For further information please contact:
BBBEE Annual Compliance Certificate
Mr Freddie Swart
Group Manager Transformation Centre of Excellence
Tel: (016) 889 9711
Annual General Meeting Results
Mr Hennie Vermeulen
Group Manager Corporate Communications
Tel: (016) 889 2352
Sponsor to ArcelorMittal South Africa Limited
Absa Bank Limited
(acting through its Corporate and Investment Banking division)
Date: 24/05/2018 03:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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