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AFRICAN RAINBOW MINERALS LIMITED - Results of the 88th Annual General Meeting

Release Date: 03/12/2021 17:45
Code(s): ARI     PDF:  
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Results of the 88th Annual General Meeting

African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1933/004580/06)
JSE Share code: ARI
ISIN: ZAE000054045
(“ARM” or the “Company”)

Results of the 88th Annual General Meeting

The shareholders of ARM (“Shareholders”) are advised that at the annual general meeting of Shareholders (“Annual
General Meeting”) held on Thursday, 2 December 2021, in terms of the notice of Annual General Meeting distributed to
Shareholders on 19 October 2021, all of the resolutions tabled were passed by the requisite majority of votes cast by
Shareholders present in person or represented by proxy.

As at Friday, 26 November 2021, being the voting record date (“Voting Record Date”), the total issued share capital of
ARM was 224 458 652 (“Issued Shares”) and the total number of votable shares was 195 843 912 (“Votable Shares”). The
number of ARM shares voted in person or by proxy at the Annual General Meeting was 170 240 462 shares, representing
75.85% of the Issued Shares and 86.93% of the Votable Shares.

The voting results were as follows:

                                                                                    SHARES
                                                                                     VOTED       SHARES
                                                                                      AS A    ABSTAINED
                                                                                   PERCENT         AS A
                                                            SHARES         NUMBER       OF   PERCENT OF
                                                SHARES       VOTED           OF     ISSUED       ISSUED
                                              VOTED FOR    AGAINST        SHARES    SHARES       SHARES
 RESOLUTION                                      (%)*         (%)*         VOTED       (%)          (%)
Ordinary resolution number 1
                                                77.22%      22.78%    170 173 794   75.82%      0.03%
Re-election of Mr F Abbott as a Director
Ordinary resolution number 2
                                                76.39%     23.61%     170 173 895  75.82%      0.03%
Re-election of Mr WM Gule as a Director
Ordinary resolution number 3
                                                67.67%     32.33%     170 173 895  75.82%      0.03%
Re-election of Mr AK Maditsi as a Director
Ordinary resolution number 4
                                                99.93%      0.07%     170 173 895  75.82%      0.03%
Re-election of Mr DC Noko as a Director
Ordinary resolution number 5
Re-appointment of Ernst & Young Inc. as
                                                82.23%     17.77%    170 173 794   75.82%      0.03%
external auditor and Mr PD Grobbelaar as
the designated auditor
 
Ordinary resolution number 6
Election of Audit and Risk Committee
Members
Ordinary resolution number 6.1
                                               75.76%     24.24%    170 173 794   75.82%      0.03%
Mr TA Boardman
Ordinary resolution number 6.2
                                               61.59%     38.41%    170 173 794   75.82%      0.03%
Mr F Abbott
Ordinary resolution number 6.3
                                               76.17%     23.83%    170 173 794   75.82%      0.03%
Mr AD Botha
Ordinary resolution number 6.4
                                               64.73%     35.27%    170 173 895   75.82%      0.03%
Mr AK Maditsi
Ordinary resolution number 6.5
                                               99.91%      0.09%    170 173 895   75.82%      0.03%
Ms PJ Mnisi
Ordinary resolution number 6.6
                                               75.97%     24.03%    170 173 895   75.82%      0.03%
Dr RV Simelane
Ordinary resolution number 7
Non-binding advisory vote on the               97.23%      2.77%    170 121 614   75.79%      0.06%
Company’s Remuneration Policy
Ordinary resolution number 8
Non-binding advisory vote on the
                                               97.69%      2.31%    170 175 874   75.82%      0.03%
Company’s Remuneration Implementation
Report
Ordinary resolution number 9
Placing control of the authorised but
                                               96.01%      3.99%    170 175 448   75.82%      0.03%
unissued Company shares in the hands of
the Board
Ordinary resolution number 10
General authority to allot and issue shares    94.46%      5.54%    170 175 258   75.82%      0.03%
for cash
Special resolution number 1
Annual retainer fees and per Board Meeting
attendance fees for Non-Executive Directors
with effect from 1 July 2021
Special resolution number 1.1
Annual retainer fees for Non-Executive         99.90%      0.10%    170 175 874   75.82%      0.03%
Directors
Special resolution number 1.2
Fees for attending Board meetings for Non-     99.91%      0.09%    170 175 874   75.82%      0.03%
executive Directors
Special resolution number 2
Committee meeting attendance fees for          99.98%      0.02%    170 175 744   75.82%      0.03%
Non-executive Directors
 
Special resolution number 3
Financial assistance for subscription for      98.65%      1.35%    170 175 580   75.82%      0.03%
securities
Special resolution number 4
Financial assistance for related or inter-     99.55%      0.45%    170 175 150   75.82%      0.03%
related companies
Special resolution number 5
Issue of shares in connection with the
                                               99.15%      0.85%    164 362 079   73.23%      2.62%
Company’s share or employee incentive
schemes
Special resolution number 6
General authority to repurchase shares         86.18%     13.82%    170 089 151    75.78%     0.07%


* Expressed as a percentage of the number of shares voted per resolution (rounded to the nearest two decimals).


Sandton
3 December 2021




Sponsor: Investec Bank Limited

Date: 03-12-2021 05:45:00
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