Wrap Text
Results of AGM
Sibanye Stillwater Limited
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Share codes: SSW (JSE) and SBSW (NYSE)
ISIN – ZAE000259701
Issuer code: SSW
(“Sibanye-Stillwater” or “the Group” or “the Company”)
Results of the Sibanye-Stillwater Annual General Meeting
Johannesburg, 26 May 2020. Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW)
advises shareholders that all resolutions were passed by the requisite majority at
the Group's Annual General Meeting (the AGM) held by way of utilising electronic
communication and electronic platforms at 09:00 (CAT) this morning. In accordance
with recommended practice, a poll was conducted on each resolution during the meeting.
The number of shares voted in person or by proxy was 2,229,650,729 representing 83.35%
of Sibanye-Stillwater’s 2,675,009,860 total ordinary shares in issue. The resolutions
proposed at the AGM and the percentage of shares voted for and against each resolution,
as well as those which abstained, are set out below:
Resolution % of votes % of votes Number of % of % of
for the against shares voted Shares Shares
resolution the voted (2) abstain
(1) resolution ed (2)
(1)
Ordinary Resolution 1 – 99.89 0.11 2 225 965 011 83.21 0.14
Re-appointment of auditors
and Designated Individual
Partner
Ordinary Resolution 2 – 99.28 0.72 2 225 926 993 83.21 0.14
Election of a director: Dr
EJ Dorward-King
Ordinary Resolution 3 – 99.98 0.02 2 225 914 143 83.21 0.14
Election of a director: Dr
TV Maphai
Ordinary Resolution 4 – 99.73 0.27 2 225 916 277 83.21 0.14
Re-election of a director:
TJ Cumming
Ordinary Resolution 5 – 99.98 0.02 2 224 109 382 83.14 0.21
Re-election of a director:
C Keyter
Ordinary Resolution 6 – 99.91 0.09 2 225 967 349 83.21 0.14
Re-election of a member
and Chair of the Audit
Committee: KA Rayner
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Ordinary Resolution 7 – 99.18 0.82 2 225 966 645 83.21 0.14
Election of a member of
the Audit Committee: TJ
Cumming
Ordinary Resolution 8 – 99.98 0.02 2 225 966 549 83.21 0.14
Election of a member of
the Audit Committee: SN
Danson
Ordinary Resolution 9 – 99.40 0.60 2 225 965 985 83.21 0.14
Re-election of a member of
the Audit Committee: RP
Menell
Ordinary Resolution 10 – 99.93 0.07 2 225 952 563 83.21 0.14
Re-election of a member of
the Audit Committee: NG
Nika
Ordinary Resolution 11 – 99.33 0.67 2 225 964 821 83.21 0.14
Re-election of a member of
the Audit Committee: SC
van der Merwe
Ordinary Resolution 12 – 93.25 6.75 2 225 812 483 83.21 0.14
Approval for the issue of
authorised but unissued
ordinary shares
Ordinary Resolution 13 – 78.55 21.45 2 225 830 881 83.21 0.14
Issuing equity securities
for cash
Ordinary Resolution 14 – 96.99 3.01 2 225 803 362 83.21 0.14
Non-binding advisory vote
on Remuneration Policy
Ordinary Resolution 15 – 94.41 5.59 2 224 136 923 83.14 0.21
Non-binding advisory vote
on Remuneration
Implementation Report
Special Resolution 1 – 91.83 8.17 2 225 857 389 83.21 0.14
Approval for the
remuneration of non-
executive directors
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Special Resolution 2 – 99.24 0.76 2 225 813 061 83.21 0.14
Approval of Lead
Independent Director
recompense for period
since appointment
Special Resolution 3 – 98.23 1.77 2 225 818 761 83.21 0.14
Approval for the Company
to grant financial
assistance in terms of
sections 44 and 45 of the
Act
Special Resolution 4 – 98.59 1.41 2 225 875 468 83.21 0.14
Approval for the
acquisition of the
Company’s own shares
Notes:
(1) The shares voted disclosed as a percentage in relation to the total number of
shares voted at the meeting.
(2) The shares voted or abstained disclosed as a percentage in relation to the total
issued share capital.
Ends.
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Ends.
FORWARD LOOKING STATEMENTS
The information in this announcement may contain forward-looking statements within the meaning of
the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of
1995. These forward-looking statements, including, among others, those relating to Sibanye
Stillwater Limited’s (“Sibanye-Stillwater” or the “Group”) financial positions, business
strategies, plans and objectives of management for future operations, are necessarily estimates
reflecting the best judgment of the senior management and directors of Sibanye-Stillwater.
All statements other than statements of historical facts included in this announcement may be
forward-looking statements. Forward-looking statements also often use words such as “will”,
“forecast”, “potential”, “estimate”, “expect” and words of similar meaning. By their nature,
forward-looking statements involve risk and uncertainty because they relate to future events and
circumstances and should be considered in light of various important factors, including those set
forth in this disclaimer. Readers are cautioned not to place undue reliance on such statements.
The important factors that could cause Sibanye-Stillwater’s actual results, performance or
achievements to differ materially from those in the forward-looking statements include, among
others, our future business prospects; financial positions; debt position and our ability to reduce
debt leverage; business, political and social conditions in the United States, South Africa,
Zimbabwe and elsewhere; plans and objectives of management for future operations; our ability to
obtain the benefits of any streaming arrangements or pipeline financing; our ability to service
our bond instruments; changes in assumptions underlying Sibanye-Stillwater’s estimation of their
current mineral reserves and resources; the ability to achieve anticipated efficiencies and other
cost savings in connection with past, ongoing and future acquisitions, as well as at existing
operations; our ability to achieve steady state production at the Blitz project; the success of
Sibanye-Stillwater’s business strategy; exploration and development activities; the ability of
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Sibanye-Stillwater to comply with requirements that they operate in a sustainable manner; changes
in the market price of gold, PGMs and/or uranium; the occurrence of hazards associated with
underground and surface gold, PGMs and uranium mining; the occurrence of labour disruptions and
industrial action; the availability, terms and deployment of capital or credit; changes in relevant
government regulations, particularly environmental, tax, health and safety regulations and new
legislation affecting water, mining, mineral rights and business ownership, including any
interpretations thereof which may be subject to dispute; the outcome and consequence of any
potential or pending litigation or regulatory proceedings or other environmental, health and safety
issues; power disruptions, constraints and cost increases; supply chain shortages and increases in
the price of production inputs; fluctuations in exchange rates, currency devaluations, inflation
and other macro-economic monetary policies; the occurrence of temporary stoppages of mines for
safety incidents and unplanned maintenance; the ability to hire and retain senior management or
sufficient technically skilled employees, as well as their ability to achieve sufficient
representation of historically disadvantaged South Africans in management positions; failure of
information technology and communications systems; the adequacy of insurance coverage; any social
unrest, sickness or natural or man-made disaster at informal settlements in the vicinity of some
of Sibanye-Stillwater’s operations; and the impact of HIV, tuberculosis and the spread of other
contagious diseases, such as coronavirus (“COVID-19”). Further details of potential risks and
uncertainties affecting Sibanye-Stillwater are described in Sibanye-Stillwater’s filings with the
Johannesburg Stock Exchange and the United States Securities and Exchange Commission.
These forward-looking statements speak only as of the date of the content. Sibanye-Stillwater
expressly disclaims any obligation or undertaking to update or revise any forward-looking statement
(except to the extent legally required).
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Date: 26-05-2020 03:32:00
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