WESCOAL HOLDINGS LIMITED - Results of annual general meeting

Results of annual general meeting

WESCOAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(“Wescoal” or the “Company”)

RESULTS OF ANNUAL GENERAL MEETING

Wescoal shareholders are advised that the voting results for the annual general meeting of Wescoal held at the
registered offices of the Company on Wednesday, 16 October 2019, were as follows:

 Resolution                               Number of      Percentage           For**       Against**     Abstained***
                                            ordinary     of ordinary              %                 %             %
                                        shares voted       shares in
                                                              issue*
                                                                  %
 Ordinary resolution 1.2:
 Confirmation of appointment of
 director appointed by the board
 since the previous annual general
 meeting
 1.2.1 Ms N Siyotula                    231 342 031            51.65           99.93            0.07            0.34
 1.2.2 Mr RL Demana                     231 342 031            51.65           99.65            0.35            0.34
 Ordinary Resolution number 2:
 Appointment of audit, risk and
 compliance committee members
 2.1    Ms KM Maroga                    231 270 748            51.64           99.93            0.07            0.36
 2.4    Ms N Siyotula                   231 238 748            51.63           99.93            0.07            0.36
 Ordinary Resolution number 3:          231 238 248            51.63           99.96            0.04            0.36
 Reappointment of external auditor
 Ordinary Resolution number 4:          231 250 748            51.63           97.77            2.23            0.36
 Control of authorised but unissued
 share capital
 Ordinary Resolution number 5:
 Remuneration policy and
 implementation report
 5.1   Remuneration policy              231 205 615            51.62           99.61            0.39            0.37
 5.2    Implementation report           231 213 748            51.62           99.65            0.35            0.37
 Ordinary Resolution number 6 :         231 250 748            51.63           99.93            0.07            0.36
 Authority to implement the special
 and ordinary resolutions
 Special Resolution number 1 :          231 302 831            51.64           99.86            0.14            0.35
 Non-executive directors’
 remuneration
 Special Resolution number 2 :          231 289 888            51.64           99.89            0.11            0.35
 Financial assistance to all related
 and inter-related companies
 Special Resolution number 3 :          231 341 998            51.65           99.95            0.05            0.34
 General approval to repurchase
 company shares

*        Based on 447 875 561 ordinary shares in issue at the date of the annual general meeting.
**       In relation to the total number of shares voted at the annual general meeting.
***      In relation to the total number of shares in issue at the date of the annual general meeting.

Shareholders are advised that the following resolutions were withdrawn prior to the commencement of the annual
general meeting:

•     Ordinary Resolution Number 1.1 relating to the re-election of Ms DMT van Gaalen and Mr JG Pansegrouw as
      independent non-executive directors of the Company; and
•     Ordinary Resolution Numbers 2.2 and 2.3 relating to the appointment of Ms DMT van Gaalen and Mr JG
      Pansegrouw as audit, risk and compliance committee members.

Based on the above voting results, all resolutions were passed by the requisite majority of Wescoal shareholders
present in person or represented by proxy at the annual general meeting.


Johannesburg
16 October 2019

Sponsor
Nedbank Corporate and Investment Banking

Date: 16/10/2019 03:00:00
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