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ROYAL BAFOKENG PLATINUM LIMITED - Results of Annual General Meeting

Release Date: 16/04/2019 16:00
Code(s): RBP RBPCB     PDF:  
 
Wrap Text
Results of Annual General Meeting

Royal Bafokeng Platinum Limited
Incorporated in the Republic of South Africa)
Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
JSE bond code: RBPCB ISIN: ZAE000243853
("RBPlat" or the "Company")

RESULTS OF ANNUAL GENERAL MEETING (AGM)

RBPlat hereby advises its security holders that all the ordinary and special resolutions
proposed in the Notice of the AGM were tabled at the Company’s AGM held on Tuesday, 16
April 2019 and the voting results are reported as follows:


Resolutions proposed                             Number of   Percentage      For    Against   Abstain*
                                              shares voted       shares
                                                                 voted*
Adoption of Annual Financial Statements for
the year ended 31 December 2018               235 320 804       91.47%    100.00%    0.00%      0.08%

Ordinary resolution 1: To re-elect Advocate
KD Moroka as director of the Company          230 244 527       89.49%    99.33%     0.67%      2.06%

Ordinary resolution 2: To re-elect Ms T
Mokgosi-Mwantembe as director of the
                                              230 244 527       89.49%    99.32%     0.68%      2.06%
Company

Ordinary resolution 3: To re-elect Ms L
Stephens as director to the Company           230 244 547       89.49%    100.00%    0.00%      2.06%

Ordinary resolution 4: To elect Ms ZJ
Matlala as director of the Company            230 244 547       89.49%    99.12%     0.88%      2.06%

Ordinary resolution 5: To elect Mr HA
Rossouw as director of the Company            235 229 837       91.43%    100.00%    0.00%      0.12%

Ordinary resolution 6: Reappointment of
PricewaterhouseCoopers as the independent
                                              235 230 449       91.43%    97.37%     2.63%      0.12%
external auditors

Ordinary resolution 7: To elect Ms L
Stephens as member and Chairman of the
                                              230 244 572       89.49%    100.00%    0.00%      2.06%
Audit and Risk Committee

Ordinary resolution 8: To elect Mr MJ
Moffett as a member of the Audit and Risk
                                              230 243 813       89.49%    100.00%    0.00%      2.06%
Committee

Ordinary resolution 9: To elect Ms ZJ
Matlala as a member of the Audit and Risk     230 244 522       89.49%    99.16%     0.84%      2.06%
Committee

Ordinary resolution 10: To elect Mr PJ
Ledger as a member of the Audit and Risk
                                              230 166 796       89.46%    97.50%     2.50%      2.09%
Committee

Ordinary resolution 11: To grant
general authority for directors to allot
and issue up to 5% of the unissued share      235 533 882       91.55%    56.02%    43.98%      0.00%
capital

Ordinary resolution 12: To approve via a
non-binding vote the Remuneration Policy
                                              235 533 001       91.55%    81.68%    18.32%      0.00%


Ordinary resolution 13: To approve via a
non-binding vote the Remuneration
                                              178 882 141       69.53%    70.60%    29.40%     22.02%
Implementation Report

Special resolution 1:
To approve the non-executive directors’
                                              235 453 651       91.52%    99.76%     0.24%      0.03%
fees

Special resolution 2:
General authority to repurchase company       235 504 539       91.54%    99.87%     0.13%      0.01%
shares

* Based on 257,277,317 ordinary shares being the total number of shares currently in issue.


Security holders are further advised that both ordinary resolutions 11 and 13
have not attained the required 75% votes in favour.

In view of the fact that Ordinary Resolution 13 being the Remuneration Implementation
Report was voted against by more than 25% of shareholders either present in person or
represented by proxy at the AGM, the Company would like to confirm that it has already
commenced an engagement process and based on preliminary assessments of the key matters
raised, the company endeavours to improve disclosure in the next Remuneration Report
to be included in the 2019 Integrated Report.

Johannesburg
16 April 2019

JSE Sponsor:
Merrill Lynch South Africa (Pty) Limited

For further enquiries, please contact:

Lester Jooste
Company Secretary
Tel: +27 (0)10 590 4519
Email: lester@bafokengplatinum.co.za

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