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Report on proceedings at the annual general meeting
Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
Share code: KIO
ISIN: ZAE000085346
("Kumba" or "the Company")
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
Kumba held its fourteenth (14th) annual general meeting (“AGM” or “the meeting”) of shareholders today, 7 August 2020. All the ordinary and special resolutions proposed
at the meeting were approved by the requisite majority of votes.
The audited annual financial statements of the Company, and of the Kumba group, including the reports of the directors, external auditors, audit committee and the social,
ethics and transformation committee for the financial year ended 31 December 2019 were presented.
Kumba confirms the voting statistics from the AGM as follows:
Votes cast disclosed as a
percentage in relation to Shares voted Shares abstained
the total number of shares disclosed as a disclosed as a
Resolutions voted at the meeting percentage in percentage in
relation to the total relation to the total
Number of issued share issued share
For Against shares voted capital* capital*
Ordinary resolution number 1: Appointment of PriceWaterhouseCoopers as
independent auditors and Mr Sizwe Masondo as individual designated auditor 100% 0.00% 299,289,306 92.92% 0.01%
Ordinary Resolution Number 2.1 - To re-elect Dr Mandla Gantsho as a director of
the Company 98.73% 1.27% 299,289,155 92.92% 0.01%
Ordinary Resolution Number 2.2 - To re-elect Mr Seamus French as a director of
the Company 96.82% 3.18% 299,288,700 92.92% 0.01%
Ordinary Resolution Number 2.3 - To re-elect Mr Sango Ntsaluba as a director of
the Company 98.27% 1.73% 299,289,200 92.92% 0.01%
Ordinary Resolution Number 2.4 – To elect Mr Duncan Wanblad as a director of the
Company 99.90% 0.10% 299,289,203 92.92% 0.01%
Ordinary Resolution Number 2.5 – To elect Mrs Michelle Jenkins as a director of
the Company 99.93% 0.07% 299,289,158 92.92% 0.01%
Ordinary Resolution Number 3.1 - Election of Mr Sango Ntsaluba as a member of
the Audit Committee 98.43% 1.57% 299,289,200 92.92% 0.01%
Ordinary Resolution Number 3.2 - Election of Mr Terence Goodlace as a member of
the Audit Committee 99.94% 0.06% 299,289,203 92.92% 0.01%
Ordinary Resolution Number 3.3 - Election of Mrs Mary Bomela as a member of the
Audit Committee 99.89% 0.11% 299,289,155 92.92% 0.01%
Ordinary Resolution Number 3.4 - Election of Mrs Michelle Jenkins as a member of
the Audit Committee 100% 0.00% 299,289,203 92.92% 0.01%
Ordinary Resolution Number 4.1 - Approval of the remuneration policy and its
implementation by way of a non-binding advisory vote 99.07% 0.93% 299,279,468 92.92% 0.01%
Ordinary Resolution Number 4.2 - Approval of the implementation of the
remuneration policy and its implementation by way of a non-binding advisory vote 93.09% 6.91% 298,245,205 92.60% 0.33%
Ordinary Resolution Number 5 - General authority for directors to allot and issue
ordinary shares 99.74% 0.26% 299,289,143 92.92% 0.01%
Ordinary Resolution Number 6 - Authorisation to sign documents to give effect to
resolutions 100% 0.00% 299,286,033 92.92% 0.01%
Special Resolution Number 1 - General authority to issue shares for cash 99.75% 0.25% 299,288,114 92.92% 0.01%
Special Resolution Number 2 - Remuneration payable to Non-Executive Directors 99.82% 0.18% 299,280,929 92.92% 0.01%
Special Resolution Number 3 - Approval for the granting of financial assistance in
terms of Sections 44 and 45 of the Companies Act No. 71 of 2008 99.98% 0.02% 299,288,074 92.92% 0.01%
Special Resolution Number 4 - General authority to repurchase shares 99.55% 0.45% 299,250,748 92.91% 0.02%
*Total issued share capital is 322 085 974.
The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
Centurion
7 August 2020
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact:
Company Secretary
Ms Fazila Patel
fazila.patel@angloamerican.com
Tel: +27 683 7060
Mobile: +27 83 297 2293
Investors Media
Penny Himlok Sinah Phochana
penny.himlok@angloamerican.com sinah.phochana@angloamerican.com
Tel: +27 12 622 8324 Tel: +27 12 683 7019
Mobile: +27 82 781 1888 Mobile: +27 76 066 0655
Notes to editors:
Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba produces
iron ore in South Africa at Sishen and Kolomela mines in the Northern Cape Province. Kumba exports iron ore to customers in a range of geographical locations around
the globe including China, Japan, Korea and a number of countries in Europe and the Middle East.
www.angloamericankumba.com
Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class
competitive operations, development projects and undeveloped resources, provides many of the metals and minerals that enable a cleaner, greener, more sustainable world
and that meet the fast growing consumer-driven demands of developed and maturing economies. With our people at the heart of our business, we use innovative practices
and the latest technologies to mine, process, move and market our products to our customers – and to discover new resources – safely and sustainably.
As a responsible producer of diamonds (through De Beers), copper, platinum group metals, the steelmaking ingredients of iron ore and metallurgical coal, and nickel – with
crop nutrients in development and thermal coal operations planned for divestment – we are committed to being carbon neutral across our operations by 2040. We work
together with our business partners and diverse stakeholders to unlock sustainable value from precious natural resources for the benefit of the communities and countries in
which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people’s lives.
www.angloamerican.com
Date: 07-08-2020 05:05:00
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