BAUBA RESOURCES LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

Bauba Resources Limited
Incorporated in the Republic of South Africa
(Registration number 1986/004649/06)
Share code: BAU     ISIN: ZAE000145686
(“Bauba”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that, at the annual general meeting of Bauba (“AGM”) held today, all the resolutions
as set out in the notice of AGM were passed by the requisite majority of shareholders.

The number of shares voted in person or by proxy was 436 017 678 representing 88.49% of the total issued
share capital of the same class of Bauba shares.

The resolutions proposed at the meeting, together with the percentage of votes carried for and against each
resolution, as well as the percentage of shares abstained, are set out below:


                                                                      % of votes     % of votes
                                                                 carried for the    against the   % of shares
Resolution                                                            resolution     resolution     abstained 

 Ordinary resolution number 1: Election and
 re-election of directors

 1.1 Re-election of Mr Damian Smith, as an independent non-
     executive director                                                    99.99           0.01         31.78
 
 1.2 Re-election of Mr Nico van der Hoven, as a non-
     executive director                                                    99.99           0.01         31.78

 1.3 Election of Mr Thomas Baring as a non-executive director              99.99           0.01         29.31
 
 Ordinary resolution number 2: Election of independent
 non-executive directors to the audit and risk committee

 2.1 Appointment of Mr Martin Luyt as a member and
     Chairperson of the audit and risk committee                           99.99           0.01         25.57

 2.2 Appointment of Ms Thabile Makgala as a member of the
     audit and risk committee                                              99.99           0.01         25.57

 2.3 Appointment of Mr Damian Smith as a member of the
     audit and risk committee                                              99.99           0.01         25.57

 Ordinary resolution number 3: Re-appointment of the
 external auditor                                                          99.99           0.01          0.02

 Ordinary resolution number 4: Signature of documents                      99.99           0.01          0.02

 Ordinary resolution number 5: General approval to issue
 ordinary shares, including to sell treasury shares, for cash              99.99           0.01          0.02

 Ordinary resolution number 6: Advisory endorsement of
 the remuneration policy and the implementation report

 6.1 Approval of the remuneration policy                                   99.98           0.02         31.78

 6.2 Approval of the implementation report                                 99.98           0.02         31.78

 Special resolution number 1: Non-executive directors’
 remuneration                                                              99.98           0.02         31.78

 Special resolution number 2: General authority to
 repurchase securities                                                     99.99           0.01          0.02

 Special resolution number 3: Financial assistance for
 subscription of securities                                                99.99           0.01          0.02

 Special resolution number 4: Financial assistance to
 directors and/or related or interrelated entities                         99.99           0.01          0.02


Johannesburg
3 March 2021

Sponsor
Merchantec Capital

Date: 03-03-2021 05:15:00
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