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Results of the Sibanye-Stillwater Annual General Meeting

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Johannesburg, 28 May 2019: Sibanye-Stillwater (JSE: SGL AND NYSE: SBGL - http://www.commodity-tv.net/c/search_adv/?v=299128) advises shareholders that all resolutions were passed by the requisite majority at the Company's Annual General Meeting (the AGM) held at the Sibanye-Stillwater Gold Academy at 09:00 this morning. In accordance with recommended practice, a poll was conducted on each resolution at the meeting.

The number of shares voted in person or by proxy was 2,014,388,482 representing 89% of Sibanye-Stillwater’s 2,379,607,141 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 for the resolution (1)

% of votes against the resolution (1)

Number of

shares voted

 

% of Shares voted (2)

% of Shares abstained (2)

Ordinary Resolution 1 –

Re-appointment of auditors and Designated Individual Partner

99.76

0.24

2,013,700,085

88.64

0.03

Ordinary Resolution 2 –

Election of a director: H Kenyon-Slaney

99.73

0.27

2,013,587,431

88.64

0.04

Ordinary Resolution 3 –

Re-election of a director: NJ Froneman

98.37

1.63

2,013,613,522

88.64

0.03

Ordinary Resolution 4 –

Re-election of a director: NG Nika

97.83

2.17

2,013,577,093

88.64

0.04

Ordinary Resolution 5 –

Re-election of a director: SC van der Merwe

98.37

1.63

2,013,530,626

88.63

0.04

Ordinary Resolution 6 –

Re-election of a member and Chair of the Audit Committee: KA Rayner

99.73

0.27

2,013,610,842

88.64

0.03

Ordinary Resolution 7 –

Election of a member of the Audit Committee: TJ Cumming

99.74

0.26

2,013,604,766

88.64

0.03

Ordinary Resolution 8 –

Election of a member of the Audit Committee: SN Danson

99.75

0.25

2,013,454,098

88.63

0.04

Ordinary Resolution 9 –

Re-election of a member of the Audit Committee: RP Menell

99.74

0.26

2,013,422,266

88.63

0.04

Ordinary Resolution 10 –

Re-election of a member of the Audit Committee: NG Nika

99.74

0.26

2,013,410,700

88.63

0.04

Ordinary Resolution 11 –

Re-election of a member of the Audit Committee: SC van der Merwe

99.70

0.30

2,013,421,242

88.63

0.04

Ordinary Resolution 12 –

Approval for the issue of authorised but unissued ordinary shares

97.07

2.93

2,012,858,761

88.60

0.07

Ordinary Resolution 13 –

Issuing equity securities for cash

76.09

23.91

2,012,621,177

88.59

0.08

Ordinary Resolution 14 –

Non-binding advisory vote on Remuneration Policy

96.65

3.35

2,002,329,514

88.39

0.53

Ordinary Resolution 15 –

Non-binding advisory vote on Remuneration Implementation Report

76.22

23.78

2,004,604,555

88.49

0.43

Special Resolution 1 –

Approval for the remuneration of non-executive directors

99.43

0.57

2,013,210,546

88.62

0.05

Special Resolution 2 –

Approval for the Company to grant financial assistance in terms of sections 44 and 45 of the Act

 

99.55

0.45

2,012,162,181

88.57

0.10

Special Resolution 3 –

Approval for the acquisition of the Company’s own shares

99.22

0.78

2,013,779,509

88.64

0.78

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.

 

Contact:
James Wellsted
Head of Investor Relations
+27 (0) 83 453 4014
email: [email protected]  

Sponsor: J.P. Morgan Equities South Africa (Proprietary) Limited

In Europe:
Swiss Resource Capital AG
Jochen Staiger
[email protected]
www.resource-capital.ch

FORWARD LOOKING STATEMENTS
This announcement contains forward-looking statements, including “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 and the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “target”, “will”, “would”, “expect”, “can”, “unlikely”, “could” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements, including among others, those relating to our future business prospects, financial positions, debt position and our ability to reduce debt leverage, plans and objectives of management for future operations, plans to raise capital through streaming arrangements or pipeline financing, our ability to service our Bond Instruments (High Yield Bonds and Convertible Bonds), our ability to achieve steady state production at the Blitz project and the anticipated benefits and synergies of our acquisitions are necessarily estimates reflecting the best judgement of our senior management and involve a number of known and unknown risks, uncertainties and other factors, many of which are difficult to predict and generally beyond the control of Sibanye-Stillwater, that could cause Sibanye-Stillwater’s actual results and outcomes to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. As a consequence, these forward-looking statements should be considered in light of various important factors, including those set forth in the Group’s Annual Integrated Report and Annual Financial Report, published on 2 April 2018, and the Group’s Annual Report on Form 20-F filed by Sibanye-Stillwater with the Securities and Exchange Commission on 2 April 2018 (SEC File no. 001-35785). These forward-looking statements speak only as of the date of this announcement. Sibanye-Stillwater undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this announcement or to reflect the occurrence of unanticipated events, save as required by applicable law.

 

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Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected] We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

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