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WESIZWE PLATINUM LIMITED - Results of Annual General Meeting

Release Date: 03/05/2019 14:47
Code(s): WEZ     PDF:  
 
Wrap Text
Results of Annual General Meeting

Wesizwe Platinum Limited
(Incorporated in the Republic of South Africa)
Registration number: 2003/020161/06
JSE share code: WEZ
ISIN: ZAE000075859
(“Wesizwe” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING

The shareholders of Wesizwe (“Shareholders”) are advised that at the annual general meeting of Shareholders (“Annual
General Meeting”) held on Friday, 03 May 2019, in terms of the notice of Annual General Meeting distributed to
Shareholders on Monday, 01 April 2019, all of the resolutions tabled were passed by the requisite majority of votes cast
by Shareholders present in person or represented by proxy.

The total number of shares represented in person or by proxy at the Annual General Meeting was 1 080 188 214 shares,
representing of 66.36% Wesizwe’s issued share capital of 1 627 827 058 ordinary shares as at Friday, 26 April 2019, being
the Voting Record Date.

Please note that Special Resolution 2 was withdrawn, and the Header of Special Resolution 3 was updated to Financial
Assistance for the subscription of securities. The content of Special Resolution 3 remained unchanged.

The voting results were as follows:

                                                                                                        SHARES
                                                               TOTAL SHARES VOTED
                                                                                                       ABSTAINED
                                         FOR         AGAINST
                                                                     NUMBER              %*                 %*
RESOLUTION                              (%)           (%)
Special Resolution number 1:
Remuneration of Non-executive          99.75          0.25        1 078 262 194        66.24             0.12
Directors

Special Resolution number 2:
Financial assistance to related                                RESOLUTION WITHDRAWN
and inter-related companies

Special Resolution number 3:
Financial assistance for the           99.49          0.51        1 078 235 701        66.24            0.12
subscription of securities

Ordinary Resolution number 1:
To re-elect Mr Pengfei Li as a         99.66          0.34        1 078 563 835        66.26            0.10
non-executive Director

Ordinary Resolution number 2:
To re-elect Ms Dawn Merle
Nonceba Mokhobo as an                  99.74          0.26        1 078 252 594        66.24            0.12
independent non-executive
Director

Ordinary Resolution number 3:
Confirmation of the
appointment of Mr Sun Pingan           99.71          0.29        1 078 888 798        66.28            0.08
as Non-executive Director

Ordinary Resolution number 4:
                                       99.74          0.26        1 078 252 594        66.24            0.12
Appointment of auditor

Ordinary Resolution number 5:
Confirmation of auditor’s              99.74          0.26        1 078 612 428        66.26            0.10
remuneration

Ordinary Resolution number 6:
Re-appointment of Mr Victor
                                       99.74          0.26        1 075 939 994        66.10            0.26
Thembinkosi Mabuza to Audit
and Risk Committee

Ordinary Resolution number 7:
Re-appointment of MS Dawn
                                       99.72          0.28        1 078 252 594        66.24            0.12
Merle Nonceba Mokhobo to
Audit and Risk Committee

Ordinary Resolution number 8:
Re-appointment of Mr Vumile                                                                             0.11
                                       99.72          0.28        1 078 438 564        66.25
Lincoln Ngculu to the Audit and
Risk Committee

Ordinary resolution number 9:
General authority to issue shares      99.72          0.28        1 075 952 494        66.10           0.26
for cash

Ordinary resolution number 10:                                                                         0.24
                                       99.69          0.31        1 076 248 064        66.12
Authority to action

Non-binding advisory vote
number 1: Endorsement of the           99.72          0.28        1 078 252 594        66.24           0.12
remuneration policy

Non-binding advisory vote
number 2: Endorsement of the                                                                           0.11
                                       99.70          0.30        1 078 330 494       66.24
remuneration implementation
report

*Expressed as a percentage of 1 627 827 058 Wesizwe ordinary shares in issue as at the Voting Record Date.

Sandton
3 May 2019

Sponsor
PSG Capital

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