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NORTHAM PLATINUM LIMITED - Results of annual general meeting

Release Date: 07/11/2019 17:00
 
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Results of annual general meeting

Northam Platinum Limited
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM ISIN: ZAE000030912
Debt issuer code: NHMI
Bond code: NHM002 Bond ISIN: ZAG000129024
Bond code: NHM006 Bond ISIN: ZAG000158577
Bond code: NHM007 Bond ISIN: ZAG000158593
Bond code: NHM008 Bond ISIN: ZAG000158858
Bond code: NHM009 Bond ISIN: ZAG000158866
Bond code: NHM010 Bond ISIN: ZAG000159229
Bond code: NHM011 Bond ISIN: ZAG000159237
Bond code: NHM012 Bond ISIN: ZAG000160136
Bond code: NHM013 Bond ISIN: ZAG000162181

(“Northam” or the “group”)

RESULTS OF ANNUAL GENERAL MEETING

Northam shareholders (“shareholders”) are advised that at the annual general meeting of
shareholders held on Thursday, 7 November 2019 (“AGM”), the ordinary and special
resolutions, as set out in the notice of AGM dated Tuesday, 20 August 2019, were approved
by the requisite majority of shareholders present or represented by proxy at the AGM. Further
details regarding the voting results for each of the resolutions are contained below.

The total number of Northam shares eligible to vote at the AGM is 509 781 212.

All resolutions proposed at the AGM, together with the number and percentage of shares
voted, the percentage of shares abstained, as well as the percentage of votes carried for and
against each resolution, are as follows:

Ordinary resolution number 1.1 – re-election of Mr DH Brown as a director

  Shares voted          For                      Against               Abstained
  440 892 301           93.94%                   6.06%                 0.00%

  86.49%


Ordinary resolution number 1.2 – re-election of Mr R Havenstein as a director

  Shares voted          For                      Against               Abstained
  440 892 301           91.83%                   8.17%                 0.00%

  86.49%




                                             
Ordinary resolution number 1.3 – re-election of Mr JG Smithies as a director

  Shares voted         For                      Against               Abstained
  440 892 301          99.99%                   0.01%                 0.00%

  86.49%


Ordinary resolution number 1.4 – re-election of Ms TE Kgosi as a director
 
  Shares voted         For                     Against               Abstained
  440 892 301          94.34%                  5.66%                 0.00%

  86.49%


Ordinary resolution number 1.5 – election of Ms AH Coetzee as a director

  Shares voted         For                     Against              Abstained
  440 892 301          99.93%                  0.07%                0.00%

  86.49%


Ordinary resolution number 2 – re-appointment of Ernst & Young Inc. as the independent
external auditors of the group

  Shares voted         For                     Against              Abstained
  440 892 301          82.92%                  17.08%               0.00%

  86.49%


Ordinary resolution number 3.1 – re-election of Ms HH Hickey as a member of the audit
and risk committee

  Shares voted         For                     Against              Abstained
  440 892 301          96.89%                  3.11%                0.00%

  86.49%


Ordinary resolution number 3.2 – re-election of Mr DH Brown as a member of the audit
and risk committee

  Shares voted         For                    Against               Abstained
  440 892 301          94.27%                 5.73%                 0.00%

  86.49%




                                           
Ordinary resolution number 3.3 – election of Dr NY Jekwa as a member of the audit and
risk committee

  Shares voted           For                   Against               Abstained
  440 892 301            99.99%                0.01%                 0.00%
  86.49%


Ordinary resolution number 3.4 – election of Mr JJ Nel as a member of the audit and risk
committee

  Shares voted           For                    Against                 Abstained
  440 892 301            100.00%                0.00%                   0.00%

  86.49%


Ordinary resolution number 4.1 – non-binding endorsement of the group’s remuneration
policy

  Shares voted           For                    Against                 Abstained
  440 890 223            86.35%                 13.65%                  0.00%

  86.49%


Ordinary resolution number 4.2 – non-binding endorsement of the group’s remuneration
implementation report

  Shares voted           For                    Against                 Abstained
  440 890 223            87.16%                 12.84%                  0.00%

  86.49%


Special resolution number 1 – approval of non-executive directors’ fees for the year ending
30 June 2020

  Shares voted           For                    Against                 Abstained
  440 890 223            99.92%                 0.08%                   0.00%

  86.49%




Special resolution number 2 – approval of financial assistance in terms of section 45 of the
Companies Act, No. 71 of 2008

  Shares voted           For                    Against                 Abstained
  440 892 301            99.59%                 0.41%                   0.00%

  86.49%


Special resolution number 3 – approval of general authority to repurchase issued shares

  Shares voted           For                    Against                 Abstained
  440 883 795            98.70%                 1.30%                   0.00%

  86.48%


Notes
 - Percentages of shares voted are calculated in relation to the total issued share capital
    of Northam.
 - Percentage of shares voted for and against are calculated in relation to the total number
    of shares voted in respect of each resolution.
 - Abstentions are calculated as a percentage in relation to the total issued share capital
    of Northam.

Johannesburg
7 November 2019

Sponsor and Debt Sponsor
One Capital




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Date: 07/11/2019 05:00:00
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