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Results of the Sibanye-Stillwater Annual General Meeting
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”)
Website: www.sibanyestillwater.com
Results of the Sibanye-Stillwater Annual General Meeting
Johannesburg, 25 May 2021. 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 2,422,465,281 representing 82.05%
of Sibanye-Stillwater’s 2,952,585,221 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 Shares % of
for the against the shares voted voted (2) Shares
resolution resolution abstained
(1) (1) (2)
Ordinary Resolution 1 – 99.97 0.03 2,420,499,351 81.98 0.07
Re-appointment of auditors
and Designated Individual
Partner
Ordinary Resolution 2 – 98.43 1.57 2,419,971,977 81.96 0.08
Election of a director: SV
Zilwa
Ordinary Resolution 3 – 98.86 1.14 2,420,104,602 81.97 0.08
Re-election of a director: RP
Menell
Ordinary Resolution 4 – 91.30 8.70 2,420,089,194 81.97 0.08
Re-election of a director: KA
Rayner
Ordinary Resolution 5 – 99.69 0.31 2,419,870,978 81.96 0.09
Re-election of a director: JS
Vilakazi
Ordinary Resolution 6 – 98.90 1.10 2,419,930,962 81.96 0.09
Election of a member and
Chair of the Audit Committee:
KA Rayner
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Ordinary Resolution 7 – 97.90 2.10 2,419,937,434 81.96 0.09
Election of a member of the
Audit Committee: TJ Cumming
Ordinary Resolution 8 – 99.67 0.33 2,418,882,766 81.92 0.12
Election of a member of the
Audit Committee: SN Danson
Ordinary Resolution 9 – 96.97 3.03 2,419,523,642 81.95 0.10
Election of a member of the
Audit Committee: RP Menell
Ordinary Resolution 10 – 99.68 0.32 2,419,619,586 81.95 0.10
Election of a member of the
Audit Committee: NG Nika
Ordinary Resolution 11 – 97.13 2.87 2,419,890,134 81.96 0.09
Election of a member of the
Audit Committee: SC van der
Merwe
Ordinary Resolution 12 – 98.75 1.25 2,419,675,418 81.95 0.09
Re-election of a member of
the Audit Committee: SV Zilwa
Ordinary Resolution 13 – 87.15 12.85 2,418,972,559 81.93 0.12
Approval for the issue of
authorised but unissued
ordinary shares
Ordinary Resolution 14 – 87.71 12.29 2,419,971,188 81.96 0.08
Issuing equity securities for
cash
Ordinary Resolution 15 – 88.64 11.36 2,402,775,434 81.38 0.67
Non-binding advisory vote on
Remuneration Policy
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Ordinary Resolution 16 – 79.80 20.20 2,415,868,556 81.82 0.22
Non-binding advisory vote on
Remuneration Implementation
Report
Special Resolution 1 – 93.34 6.66 2,418,715,272 81.92 0.13
Approval for the remuneration
of non-executive directors
Special Resolution 2 – 96.15 3.85 2,410,516,038 81.64 0.40
Approval for fees for
Investment Committee members
Special Resolution 3 – 95.64 4.36 2,410,334,164 81.63 0.41
Approval for a per diem
allowance
Special Resolution 4 – 97.36 2.64 2,418,135,472 81.90 0.15
Approval for the Company to
grant financial assistance in
terms of sections 44 and 45
of the Act
Special Resolution 5 – 81.94 18.06 2,420,038,549 81.96 0.08
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
Website: www.sibanyestillwater.com
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Ends.
FORWARD LOOKING STATEMENTS
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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 and involve a number of risks and uncertainties that
could cause actual results to differ materially from those suggested by the forward-looking statements.
As a consequence, these forward-looking statements should be considered in light of various important
factors, including those set forth in this announcement.
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”, “plan”, “anticipate” 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 estimates or projections contained in the forward-looking statements include,
without limitation, Sibanye-Stillwater’s future financial position, plans, strategies, objectives,
capital expenditures, projected costs and anticipated cost savings, financing plans, debt position and
ability to reduce debt leverage; economic, business, political and social conditions in South Africa,
Zimbabwe, the United States and elsewhere; plans and objectives of management for future operations;
Sibanye-Stillwater’s ability to obtain the benefits of any streaming arrangements or pipeline financing;
the ability of Sibanye-Stillwater to comply with loan and other covenants and restrictions and
difficulties in obtaining additional financing or refinancing; Sibanye-Stillwater’s ability to service
its bond instruments; changes in assumptions underlying Sibanye-Stillwater’s estimation of its current
mineral reserves; any failure of a tailings storage facility; the ability to achieve anticipated
efficiencies and other cost savings in connection with, and the ability to successfully integrate, past,
ongoing and future acquisitions, as well as at existing operations; the ability of Sibanye-Stillwater
to complete any ongoing or future acquisitions; the success of Sibanye-Stillwater’s business strategy
and exploration and development activities; the ability of Sibanye-Stillwater to comply with requirements
that it operate in ways that provide progressive benefits to affected communities; changes in the market
price of gold and PGMs; the occurrence of hazards associated with underground and surface mining; any
further downgrade of South Africa’s credit rating; a challenge regarding the title to any of Sibanye-
Stillwater’s properties by claimants to land under restitution and other legislation; Sibanye-
Stillwater’s ability to implement its strategy and any changes thereto; the occurrence of labour
disruptions and industrial actions; the availability, terms and deployment of capital or credit; changes
in the imposition of regulatory costs and relevant government regulations, particularly environmental,
tax, health and safety regulations and new legislation affecting water, mining, mineral rights and
business ownership, including any interpretation thereof which may be subject to dispute; the outcome
and consequence of any potential or pending litigation or regulatory proceedings or environmental,
health or safety issues; the concentration of all final refining activity and a large portion of Sibanye-
Stillwater’s PGM sales from mine production in the United States with one entity; the identification of
a material weakness in disclosure and internal controls over financial reporting; the effect of US tax
reform legislation on Sibanye-Stillwater and its subsidiaries; the effect of South African Exchange
Control Regulations on Sibanye-Stillwater’s financial flexibility; operating in new geographies and
regulatory environments where Sibanye-Stillwater has no previous experience; power disruptions,
constraints and cost increases; supply chain shortages and increases in the price of production inputs;
the regional concentration of Sibanye-Stillwater’s operations; 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; Sibanye-Stillwater’s ability to hire and retain
senior management or sufficient technically skilled employees, as well as its ability to achieve
sufficient representation of historically disadvantaged South Africans in its management positions;
failure of Sibanye-Stillwater’s information technology and communications systems; the adequacy of
Sibanye-Stillwater’s insurance coverage; social unrest, sickness or natural or man-made disaster at
informal settlements in the vicinity of some of Sibanye-Stillwater’s South African-based operations;
and the impact of HIV, tuberculosis and the spread of other contagious diseases, such as the coronavirus
disease (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, including the Integrated Annual Report 2020 and the Annual Report
on Form 20-F for the fiscal year ended 31 December 2020.
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). These forward-looking statements have not been reviewed or reported on by
the Group’s external auditors.
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Date: 25-05-2021 03:02:00
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