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ARCELORMITTAL SOUTH AFRICA LIMITED - ACL - Results of the Annual General Meeting (AGM) held on 23 May 2019

Release Date: 24/05/2019 10:06
Code(s): ACL     PDF:  
 
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ACL - Results of the Annual General Meeting (AGM) held on 23 May 2019

ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
Registration Number 1989/002164/06)
Share Code: ACL ISIN: ZAE000134961
(“ArcelorMittal South Africa Limited” or “the Company”)

Results of the Annual General Meeting (AGM) Held on 23 May 2019

At the Annual General Meeting (“AGM”) of the shareholders of ArcelorMittal South Africa Limited held
on Thursday 23 May 2019, all the ordinary and special resolutions proposed at the meeting were
approved by the requisite majority of votes by shareholders present in person or represented by
proxy.

The ordinary shares and A class shares present/represented, at the meeting, including proxies, was
92.39% of the total voteable shares ,the number of ordinary shares present/represented was 94.07%
of the total voteable ordinary shares and the number of A class shares present/represented was
100% of the total voteable A class shares.

The voting results were as follows

1. Ordinary resolution number 1: Reappointment of auditors

     Ordinary shares
     Voted                 For                    Against              Abstain
     (Number and %)        (Number and %)         (Number and %)       (Number and %)

     1 029 732 087         981 129 478            48 602 609           29 359 (2)
     92.38% (1)            95.28%                 4.72%                0.00%


     “A” Class Shares
     Voted                 For                    Against              Abstain
     (Number and %)        (Number and %)         (Number and %)       (%)

     316 212 359           72 972 083             243 240276           0.00%
     100%                  23.08%                 76.92%


2. Ordinary resolution number 2: Re-election of Ms LC Cele

     Ordinary shares
     Voted                 For                    Against              Abstain
     (Number and %         (Number and %)         (Number and %)       (Number and %)

     1 029 731 950         1 029 466 292          265 268              29 496
     92.38%                99.97                  0.03%                0.00%


    “A” Class Shares
    Voted                  For                    Against              Abstain
    (Number and %)         (%)                    (%)                  (%)
 
    316 212 359            100%
    100%

3. Ordinary resolution number 3: Re-election of Mr PM Makwana

    Ordinary shares
    Voted                  For                    Against              Abstain
    (Number and %)         (Number and %)         (Number and %)       (Number and %)
 
    1 029 731 950          1 029 466 292          265 268              29 496
    92.38%                 99.97                  0.03%                0.00%

    “A” Class Shares
    Voted               For                 Against             Abstain
    (Number and %       (%)                 (%)                 (%)

    316 212 359         100%
    100%

4. Ordinary resolution number 4: Re-election of Ms NP Gosa

    Ordinary shares
    Voted                For                Against             Abstain
    (Number and %)       (Number and %)     (Number and %)      (Number and %)
    1 029 731 950        1 029 466 292      270 658             29 496
    92.38%               99.97              0.03%               0.00%

    “A” Class Shares
    Voted                For                Against             Abstain
    (Number and %)       (%)                (%)                 (%)

    316 212 359          100%
    100%

5. Ordinary resolution number 5: Appointment of Mr R Karol

    Ordinary shares
    Voted                For                Against             Abstain
    (Number and %)       (Number and %)     (Number and %)      (Number and %)

    1 029 720 950        1 029 366 152      354 798             40 496
    92.38%               99.97              0.03%               0.00%

    “A” Class Shares
    Voted                For                 Against             Abstain
    (Number and %)       (%)                 (%)                 (%)

    316 212 359          100%
    100%

6. Ordinary resolution number 6: Re-election of Mr JRD Modise

    Ordinary shares
    Voted                For                Against              Abstain
    (Number and %)       (Number and %)     (Number and %)       (Number and %)

    1 029 731 950        1 029 466 292      265 658              29 496
    92.38%               99.97              0.03%                0.00%

    “A” Class Shares
    Voted                For                Against              Abstain
    (Number and %)       (%)                (%)                  (%)

    316 212 359          100%
    100%

7. Ordinary resolution number 7: Re-election of Ms NP Mnxasana

    Ordinary shares
    Voted                For                Against              Abstain
    (Number and %)       (Number and %)     (Number and %)       (Number and %)

    1 029 731 950        1 028 402558       1 329 392            29 496
    92.38%               99.87              0.13%                0.00%

    “A” Class Shares
    Voted                For                Against              Abstain
    (Number and %)       (%)                (%)                  (%)

    316 212 359          100%
    100%

8. Ordinary resolution number 8: Re-election of Ms KMM Musonda

    Ordinary shares
    Voted                For                Against              Abstain
    (Number and %) )     (Number and %)     (Number and %)       (Number and %)

    1 029 731 950        1 029 466 292      265 658              29 496
    92.38%               99.97              0.03%                0.00%

    “A” Class Shares
    Voted                For                Against              Abstain
    (Number and %)       (%)                (%)                  (%)

    316 212 359           100%
    100%

9. Ordinary resolution number 9: Re-election of Mr GS Gouws

    Ordinary shares
    Voted                 For                Against              Abstain
    (Number and %)        (Number and %)     (Number and %)       (Number and %)

    102 9731 950          1 029 395 145      336 805              29 496
    92.38%                99.97              0.03%                0.00%

    “A” Class Shares
    Voted                  For               Against              Abstain
    (Number and %)         (%)               (%)                  (%)

    316 212 359            100%
    100%

10. Ordinary resolution number 10: Re-election of Mr NF Nicolau

    Ordinary shares
    Voted                  For                Against             Abstain
    (Number and %)         (Number and %)     (Number and %)      (Number and %)

    1 029 731 950          1 029 482 299      249 651             29 496
    92.38%                 99.98              0.02%               0.00%

    “A” Class Shares
    Voted                   For               Against             Abstain
    (Number and %)          (%)               (%)                 (%)

    316 212 359             100%
    100%

11. Ordinary resolution number 11: Re-election of Mr BE Aranha

    Ordinary shares
    Voted                   For                  Against          Abstain
    (Number and %)          (Number and %)       (Number and %)   (Number and %)

    1 029 731 950           1 026 118 525        3 613 425        29 496
    92.38%                  99.65                0.35%            0.00%

    “A” Class Shares
    Voted                   For                  Against          Abstain
    (Number and %)          (%)                  (%)              (%)

    316 212 359             100%
    100%

12. Ordinary resolution number 12: Appointment of AD Maharaj

    Ordinary shares
    Voted                   For                  Against          Abstain
    (Number and %)          (Number and %)       (Number and %)   (Number and %)

    1 029 720 950           1 029 352 070        368 880          40 496
    92.38%                  99.96%               0.04%            0.00%

    “A” Class Shares
    Voted                   For                  Against          Abstain
    (Number and %)          (%)                  (%)              (%)

13. Ordinary resolution number 13: Election of Mr JRD Modise as audit and risk committee member

    Ordinary shares
    Voted                   For                  Against          Abstain
    (Number and %)          (Number and %)       (Number and %)   (Number and %)

    1 029 731 950           1 029 466 292        265 658          29 496
    92.38%                  99.97                0.03%            0.00%

    “A” Class Shares
    Voted                   For                  Against          Abstain
    (Number and %)          (%)                  (%)              (%)(

    316 212 359             100%
    100%

14. Ordinary resolution number 14: Election of Ms NP Mnxasana as audit and risk committee member

    Ordinary shares
    Voted                   For                  Against          Abstain
    (Number and %)          (Number and %)       (Number and %)   (Number and %)

    1 029 731 950           1 029 466 292        265 658          29 496
    92.38%                  99.97                0.03%            0.00%

    “A” Class Shares
    Voted                   For                  Against          Abstain
    (Number and %)          (%)                  (%)              (%)

    316 212 359             100%
    100%

15. Ordinary resolution number 15: Election of Ms LC Cele as audit and risk committee member

    Ordinary shares
    Voted                    For                  Against          Abstain
    (Number and %)           (Number and %)       (Number and %)   (Number and %)

    1 029 731 950            1 029 466 292        265 658          29 496
    92.38%                   99.97                0.03%            0.00%

    “A” Class Shares
    Voted                    For                  Against          Abstain
    (Number and %)           (%)                  (%)              (%)(

    316 212 359              100%
    100%

16. Ordinary resolution number 16 Election of chairperson of audit and risk committee

    Ordinary shares
    Voted                    For                  Against          Abstain
    (Number and %)           (Number and %)       (Number and %)   (Number and %)

    1 029 731 950            1029333002           398 948          29 496
    92.38%                   99.96%               0.04%            0.00%

    “A” Class Shares
    Voted                    For                  Against          Abstain
    (Number and %)           (%)                  (%)              (%)(

    316 212 359              100%
    100%

17. Non-binding resolution number 1: Approval of the remuneration policy

    Ordinary shares
    Voted                    For                  Against          Abstain
    (Number and %)           (Number and %)       (Number and %)   (Number and %)

    1 028 136 440            1 029 333 002        20 327 512       1 625 006
    92.24%                   98.02%               1.98%            0.14%

    “A” Class Shares
    Voted                    For                  Against          Abstain
    (Number and %)           (%)                  (%)              (%)
    316 212 359              100%
    100%

18. Non-binding resolution number 2: Approval of the implementation of the remuneration policy

    Ordinary shares
    Voted                    For                  Against          Abstain
    (Number and %)           (Number and %)       (Number and %)   (Number and %)

     1 028 006 005            1 007 678 493        20 327 512       1 755 441
     92.23%                   98.02%               1.98%            0.15%

     “A” Class Shares
     Voted                    For                  Against          Abstain
     (Number and %)           (%)                  (%)              (%)

     316 212 359              100%
     100%

Special resolution number 1: Approval of non-executive directors’ fees

1.1 Chairman (all-in annual fee)

     Ordinary shares
     Voted                    For                  Against          Abstain
     (Number and %)           (Number and %)       (Number and %)   (Number and %)

     1 029 735 966            1 009 288526         20 447 440       25 480
     92.39%                   98.01%               1.99%            0.00%

     “A” Class Shares
     Voted                    For                  Against          Abstain
     (Number and %)           (%)                  (%)              (%)

     316 212 359              100%
     100%

1.2 Director (annual attendance per board meeting)

     Ordinary shares
     Voted                    For                  Against          Abstain
     (Number and %)           (Number and %)       (Number and %)   (Number and %)

     1 029 735 966            1 029 416 488        319 478          25 480
     92.39%                   99.97%               0.03%            0.00%

     “A” Class Shares
     Voted                    For                  Against          Abstain
     (Number and %)           (%)                  (%)              (%)

     316 212 359              100%
     100%

1.3 Audit and risk committee chairman

      Ordinary shares
      Voted                   For                  Against          Abstain
      (Number and %)          (Number and %)       (Number and %)   (Number and %)

     1 029 735 966         1029 421 488         314 478          25 480
     92.39%                99.97%               0.03%            0.00%

     “A” Class Shares
     Voted                 For                  Against          Abstain
     (Number and %)        (%)                  (%)              (%)
     316 212 359           100%
     100%

1.4 Audit and risk committee member

     Ordinary shares
     Voted                 For                  Against          Abstain
     (Number and %)        (Number and %)       (Number and %)   (Number and %)
     1 029 735 966         1 029 421 488        314 478          25 480
     92.39%                99.97%               0.03%            0.00%

     “A” Class Shares
     Voted                 For                  Against          Abstain
     (Number and %)        (%)                  (%)              (%)

     316 212 359           100%
     100%

1.5 Human resources, remuneration and nominations committee chairman

     Ordinary shares
     Voted                 For                  Against          Abstain
     (Number and %)        (Number and %)       (Number and %)   (Number and %)

     1 029 735 966         1 029 421 488        314 478          25 480
     92.39%                99.97%               0.03%            0.00%

     “A” Class Shares
     Voted                 For                  Against          Abstain
     (Number and %)        (%)                  (%)              (%)
     316 212 359           100%
     100%

1.6 Human resources, remuneration and nominations committee member

     Ordinary shares
     Voted                 For                  Against          Abstain
     (Number and %)        (Number and %)       (Number and %)   (Number and %)

     1 029 735 966         1 029 421 488        314 478          25 480
     92.39%                99.97%               0.03%            0.00%

     “A” Class Shares
     Voted                  For                  Against          Abstain
     (Number and %)         (%)                  (%)              (%)

     316 212 359            100%
     100%

1.7 Safety, health and environment committee chairman

     Ordinary shares
     Voted                  For                  Against          Abstain
     (Number and %)         (Number and %)       (Number and %)   (Number and %)

     1 029 735 966          1 029 421 506        314 460          25 480
     92.39%                 99.97%               0.03%            0.00%

     “A” Class Shares
     Voted                  For                  Against          Abstain
     (Number and %)         (%)                  (%)              (%)
     316 212 359            100%
     100%

1.8 Safety, health and environment committee member

     Ordinary shares
     Voted                  For                  Against          Abstain
     (Number and %)         (Number and %)       (Number and %)   (Number and %)
     1 029 735 966          1 029 421 506        314 460          25 480
     92.39%                 99.97%               0.03%            0.00%

     “A” Class Shares
     Voted                  For                  Against          Abstain
     (Number and %)         (%)                  (%)              (%)

     316 212 359            100%
     100%

1.9 Transformation, Social and ethics committee chairman

     Ordinary shares
     Voted                  For                  Against          Abstain
     (Number and %)         (Number and %)       (Number and %)   (Number and %)
     1 029 735 966          1 029 421 506        314 460          25 480
     92.39%                 99.97%               0.03%            0.00%

     “A” Class Shares
     Voted                  For               Against              Abstain
     (Number and %)         (%)               (%)                  (%)

     316 212 359            100%
     100%

1.10 Transformation, Social and ethics committee member

     Ordinary shares
     Voted                   For                  Against          Abstain
     (Number and %)          (Number and %)       (Number and %)   (Number and %)

     1 029 735 966           1 029 421 506        314 460          25 480
     92.39%                  99.97%               0.03%            0.00%

     “A” Class Shares
     Voted                   For                  Against          Abstain
     (Number and %)          (%)                  (%)              (%)

     316 212 359             100%
     100%

1.11 Any ad hoc or other board committee appointed by the board (chairman)

     Ordinary shares
     Voted                   For                  Against          Abstain
     (Number and %)          (Number and %)       (Number and %)   (Number and %)

     1 029 735 966           1 029 421 488        314 478          25 480
     92.39%                  99.97%               0.03%            0.00%

     “A” Class Shares
     Voted                   For                  Against          Abstain
     (Number and %)          (%)                  (%)              (%)

     316 212 359             100%
     100%

1.12 Any ad hoc or other board committee appointed by the board (member)

     Ordinary shares
     Voted                   For                  Against          Abstain
     (Number and %)          (Number and %)       (Number and %)   (Number and %)

     1 029 735 966           1 029 416 488        319 478          25 480
     92.39%                  99.97%               0.03%            0.00%

     “A” Class Shares
     Voted                   For                  Against          Abstain
     (Number and %)          (%)                  (%)              (%)

     316 212 359            100%
     100%

1.13 Share trust chairman

     Ordinary shares
     Voted                  For                  Against          Abstain
     (Number and %)         (Number and %)       (Number and %)   (Number and %)
     1 029 735 966          1 029 421 488        314 478          25 480
     92.39%                 99.97%               0.03%            0.00%

     “A” Class Shares
     Voted                  For                  Against          Abstain
     (Number and %)         (%)                  (%)              (%)

     316212359              100%
     100%

1.14 Share trust member

     Ordinary shares
     Voted                  For                  Against          Abstain
     (Number and %)         (Number and %)       (Number and %)   (Number and %)

     1 029 735 966          1 029 421 488        314 478          25 480
     92.39%                 99.97%               0.03%            0.00%

     “A” Class Shares
     Voted                  For                  Against          Abstain
     (Number and %)         (%)                  (%)              (%)

     316 212 359            100%
     100%

19. Ordinary resolution number 17: Authority to implement resolutions passed at the annual general
    meeting Share trust member

     Ordinary shares
     Voted                  For                  Against          Abstain
     (Number and %)         (Number and %)       (Number and %)   (Number and %)

     1 029 721 087          1 029 461 529        259 558          40 359
     92.38%                 99.97%               0.03%            0.00%

     “A” Class Shares
     Voted                  For                  Against          Abstain
     (Number and %))        (%)                  (%)              (%)

      316 212 359                100%
      100%


Notes:
(1) Accounts for abstentions throughout so percentage differ (92.38% v 92.39%)
(2) Where the amount is statistically too small it is reflected as 0.00% throughout.

24 May 2019
Vanderbijlpark Works

For further information please contact:
Ms Vuyo Mtawa: Corporate Communications
Tel: (016) 889 4100

Company Secretary: Nomonde Bam

Sponsor to ArcelorMittal South Africa Limited
Absa Bank Limited (acting through its Corporate and Investment Banking division)
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