Results of the Sibanye-Stillwater Annual General Meeting and Risk Committee appointment
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Johannesburg, 26 May 2023: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) (https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/) 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.
The number of shares voted in person or by proxy was 2,349,310,323 representing 83.00% of Sibanye-Stillwater’s 2,830,567,264 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 that 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 |
99.87% |
0.13% |
2,343,556,853 |
82.79% |
0.20% |
Ordinary Resolution 2 – Re-election of a director: TJ Cumming |
94.23% |
5.77% |
2,343,104,697 |
82.78% |
0.22% |
Ordinary Resolution 3 – Re-election of a director: C Keyter |
99.66% |
0.34% |
2,343,085,893 |
82.78% |
0.22% |
Ordinary Resolution 4 – Re-election of a director: TV Maphai |
97.00% |
3.00% |
2,343,059,702 |
82.78% |
0.22% |
Ordinary Resolution 5 – Re-election of a director: NG Nika |
96.34% |
3.66% |
2,342,982,486 |
82.77% |
0.22% |
Ordinary Resolution 6 – Election of a member and Chair of the Audit Committee: KA Rayner
|
95.09% |
4.91% |
2,343,025,006 |
82.78% |
0.22% |
Ordinary Resolution 7 – Election of a member of the Audit Committee: TJ Cumming |
94.42% |
5.58% |
2,342,999,278 |
82.77% |
0.22% |
Ordinary Resolution 8 – Election of a member of the Audit Committee: SN Danson |
99.81% |
0.19% |
2,343,098,678 |
82.78% |
0.22% |
Ordinary Resolution 9 – Election of a member of the Audit Committee: RP Menell |
95.07% |
4.93% |
2,343,074,086 |
82.78% |
0.22% |
Ordinary Resolution 10 – Election of a member of the Audit Committee: NG Nika |
95.16% |
4.84% |
2,343,024,257 |
82.78% |
0.22% |
Ordinary Resolution 11 – Election of a member of the Audit Committee: SC van der Merwe |
96.37% |
3.63% |
2,343,111,173 |
82.78% |
0.22% |
Ordinary Resolution 12 – Re-election of a member of the Audit Committee: SV Zilwa |
99.48% |
0.52% |
2,343,056,865 |
82.78% |
0.22% |
Ordinary Resolution 13 – Approval for the issue of authorised but unissued ordinary shares |
87.23% |
12.77% |
2,343,156,412 |
82.78% |
0.22% |
Ordinary Resolution 14 – Issuing equity securities for cash |
87.45% |
12.55% |
2,343,077,712 |
82.78% |
0.22% |
Ordinary Resolution 15 – Non-binding advisory vote on Remuneration Policy |
82.64% |
17.36% |
2,341,876,065 |
82.74% |
0.26% |
Ordinary Resolution 16 – Non-binding advisory vote on Remuneration Implementation Report* |
52.71% |
47.29% |
2,330,082,190 |
82.32% |
0.68% |
Special Resolution 1 – Approval for the remuneration of non-executive directors |
96.54% |
3.46% |
2,341,829,634 |
82.73% |
0.26% |
Special Resolution 2 – Approval for a per diem allowance |
98.28% |
1.72% |
2,328,696,676 |
82.27% |
0.73% |
Special Resolution 3 – Approval for the Company to grant financial assistance in terms of sections 44 and 45 of the Act
|
97.43% |
2.57% |
2,341,132,578 |
82.71 |
0.29% |
Special Resolution 4 – Approval for the acquisition of the Company’s own shares |
80.92% |
19.8% |
2,343,471,388 |
82.79% |
0.21% |
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. | |||||
Shareholders are further advised that in accordance with Section 3.59(c) of the Listings Requirements of the JSE Limited, Dr Elaine Dorward-King has been appointed as an additional member to the Risk Committee with effect from 26 May 2023.
*Engagement with Shareholders regarding Sibanye-Stillwater’s Implementation report (Ordinary resolution 16):
Due to more than 25% of the voting rights exercised voted against the company’s implementation report, shareholders are hereby invited, in line with the King IV Report on Corporate Governance for South Africa, 2016 and paragraph 3.84(k) of the JSE Listings Requirements, to raise all concerns and recommendations by email with the company from the date of this correspondence to 30 June 2023.
The company, through the remuneration committee, will address all legitimate objections and concerns raised in writing, and if required, engage further with shareholders. Feedback on the outcome of the process will be reported in terms of the applicable JSE Listing Requirements.
Shareholders who wish to participate in this process are requested to email the group company secretary, Lerato Matlosa, via email at [email protected] up until, 30 June 2023.
Ends.
About Sibanye-Stillwater
Sibanye-Stillwater is a multinational mining and metals processing group with a diverse portfolio of operations, projects and investments across five continents. The Group is also one of the foremost global recyclers of PGM autocatalysts and has interests in leading mine tailings retreatment operations.
Sibanye-Stillwater has established itself as one of the world’s largest primary producers of platinum, palladium, and rhodium and is a top tier gold producer. It also produces and refines iridium and ruthenium, nickel, chrome, copper and cobalt. The Group has recently begun to build and diversify its asset portfolio into battery metals mining and processing and is increasing its presence in the circular economy by growing and diversifying its recycling and tailings reprocessing operations globally. For more information refer to www.sibanyestillwater.com.
Investor relations contact:
Email: [email protected]
James Wellsted
Executive Vice President: Investor Relations and Corporate Affairs
Tel: +27 (0) 83 453 4014
Website: www.sibanyestillwater.com
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
In Europe:
Swiss Resource Capital AG
Jochen Staiger & Marc Ollinger
[email protected]
www.resource-capital.ch
