Wrap Text
ACL: Results of the AGM held on 20 May 2021.
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa) (Registration Number 1989/002164/06)
Share Code: ACL
ISIN: ZAE000134961
(ArcelorMittal South Africa or “the Company”)
Results of the Annual General Meeting (AGM) held on 20 May 2021
At the AGM of the shareholders of ArcelorMittal South Africa Limited held on Tuesday, 20 May
2021, all the ordinary and special resolutions proposed at the meeting were approved by the
requisite majority of votes by shareholders either present virtually or represented by proxy.
The voting results were as follows:
Total number of shares in issue 1 454 272 184
Treasury shares (excluded from voting) 23 447 036
Total number of shares (“voteable shares”) 1 430 825 148
Total number of shares represented (including proxies) at the General 1 141 559 515
Meeting
Proportion of total voteable shares represented at the General Meeting 79.79%
Ordinary resolution number 1 - Reappointment of auditors
For Against Abstain Shares Voted
1,125,425,792 15,794,074 339,363 1,141,219,866
98.62% 1.38% 0.02% 79.76%
Ordinary resolution number 2.1 - Re-election of Mr GS Gouws
For Against Abstain Shares Voted
1,109,121,562 32,098,304 339,363 1,141,219,866
97.19% 2.81% 0.02% 79.76%
Ordinary resolution number 2.2 - Re-election of Mr R Karol
For Against Abstain Shares Voted
1,108,973,562 32,246,304 339,363 1,141,219,866
97.17% 2.83% 0.02% 79.76%
Ordinary resolution number 3 - Election of Mr B Davey
For Against Abstain Shares Voted
1,108,973,562 32,246,304 339,363 1,141,219,866
97.17% 2.83% 0.02% 79.76%
Ordinary resolution number 4.1 - Appointment of Ms NP Mnxasana as audit and risk committee
Member
1,140,699,494 507,372 352,363 1,141,206,866
99.96% 0.04% 0.02% 79.76%
Ordinary resolution number 4.2 - Appointment of Ms LC Cele as audit and risk committee
member
For Against Abstain Shares Voted
1,140,978,933 227,933 352,363 1,141,206,866
99.98% 0.02% 0.02% 79.76%
Ordinary resolution number 4.3 - Appointment of Mr NF Nicolau as audit and risk
committee member
For Against Abstain Shares Voted
1,140,998,933 207,933 352,363 1,141,206,866
99.98% 0.02% 0.02% 79.76%
Ordinary resolution number 5.1 - Endorsement of remuneration policy
For Against Abstain Shares Voted
1,065,852,471 2,259,372 73,447,386 1,068,111,843
99.79% 0.21% 5.05% 73.45%
Ordinary resolution number 5.2 - Endorsement of the implementation report
For Against Abstain Shares Voted
1,065,379,268 2,732,012 73,447,949 1,068,111,280
99.74% 0.26% 5.05% 74.65%
Special resolution number 1.1 - Approval of non-executive directors’ fees - Chairperson (all-in
annual fee)
For Against Abstain Shares Voted
1,066,637,871 74,419,550 501,805 1,141,057,421
93.48% 6.52% 0.03% 79.75%
Special resolution number 1.2 - Approval of non-executive directors’ fees - Director (annual retainer
and attendance per board meeting)
For Against Abstain Shares Voted
1,067,766,330 73,311,091 481,805 1,141,077,421
93.58% 6.42% 0.03% 79.75%
Special resolution number 1.3 - Approval of non-executive directors’ fees - Audit and risk
committee chairperson
For Against Abstain Shares Voted
1,067,766,330 73,311,031 481,865 1,141,077,361
93.58% 6.42% 0.03% 79.75%
Special resolution number 1.4 - Approval of non-executive directors’ fees - Audit and risk
committee member
For Against Abstain Shares Voted
1,067,766,330 73,311,031 481,865 1,141,077,361
93.58% 6.42% 0.03% 79.75%
Special resolution number 1.5 - Approval of non-executive directors’ fees - Human resources,
remuneration and nominations committee chairperson
For Against Abstain Shares Voted
1,067,766,330 73,311,031 481,865 1,141,077,361
93.58% 6.42% 0.03% 79.75%
Special resolution number 1.6 - Approval of non-executive directors’ fees - Human resources,
remuneration and nominations committee member
For Against Abstain Shares Voted
1,067,766,330 73,311,031 481,865 1,141,077,361
93.58% 6.42% 0.03% 79.75%
Special resolution number 1.7 - Approval of non-executive directors’ fees – Transformation, social
and ethics committee chairperson
For Against Abstain Shares Voted
1,067,766,330 73,311,091 481,805 1,141,077,421
93.58% 6.42% 0.03% 79.75%
Special resolution number 1.8 - Approval of non-executive directors’ fees – Transformation, social
and ethics committee member
For Against Abstain Shares Voted
1,067,766,330 73,311,091 481,805 1,141,077,421
93.58% 6.42% 0.03% 79.75%
Special resolution number 1.9 - Approval of non-executive directors’ fees - Safety, health and
environment committee chairperson
For Against Abstain Shares Voted
1,067,766,330 73,311,091 481,805 1,141,077,421
93.58% 6.42% 0.03% 79.75%
Special resolution number 1.10 - Approval of non-executive directors’ fees - Safety, health and
environment committee member
For Against Abstain Shares Voted
1,067,766,330 73,311,091 481,805 1,141,077,421
93.58% 6.42% 0.03% 79.75%
Special resolution number 1.11 - Approval of non-executive directors’ fees - Any ad hoc or other
committee appointed by the board (chairperson)
For Against Abstain Shares Voted
1,067,618,330 73,459,031 481,865 1,141,077,361
93.56% 6.44% 0.03% 79.75%
Special resolution number 1.12 - Approval of non-executive directors’ fees - Any ad hoc or other
committee appointed by the board (member)
For Against Abstain Shares Voted
1,067,618,330 73,459,031 481,865 1,141,077,361
93.56% 6.44% 0.03% 79.75%
Special resolution number 1.13 - Approval of non-executive directors’ fees - Non-executive director
serving as share trust committee chairperson
For Against Abstain Shares Voted
1,067,618,330 73,459,031 481,865 1,141,077,361
93.56% 6.44% 0.03% 79.75%
Special resolution number 1.14 - Approval of non-executive directors’ fees - Non-executive director
serving as share trust committee member
For Against Abstain Shares Voted
1,067,766,330 73,311,031 481,865 1,141,077,361
93.58% 6.42% 0.03% 79.75%
Special resolution number 2 - Financial assistance to related or inter-related company
For Against Abstain Shares Voted
1,139,786,203 1,440,158 332,865 1,141,226,361
99.87% 0.13% 0.02% 79.76%
Ordinary resolution number 6 - Authority to implement resolutions passed at the annual general
meeting
For Against Abstain Shares Voted
1,140,999,513 220,143 339,570 1,141,219,656
99.98% 0.02% 0.02% 79.76%
The percentage calculation for shares voted and votes abstained is based on the voteable shares.
Shareholders are advised that a business update will be available in due course.
20 May 2021
Vanderbijlpark Works
For further information please contact:
Mr Tami Didiza: Corporate Communications
Tel: (016) 889 4100
Company Secretary: FluidRock Co Sec (Pty) Ltd
Sponsor to ArcelorMittal South Africa Limited
Absa Bank Limited (acting through its Corporate and Investment Banking division)
Date: 20-05-2021 05:30:00
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