Report of proceedings at the AGM

Thungela Resources Limited
05 June 2024
 

THUNGELA RESOURCES LIMITED

(Incorporated in the Republic of South Africa)

(Registration number: 2021/303811/06)

JSE Share Code: TGA

LSE Share Code: TGA

ISIN: ZAE000296554

Tax number: 9111917259

('Company' or 'Thungela Resources')

 

 

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING   

                        

At the annual general meeting ("AGM") of the shareholders of Thungela Resources held on Tuesday, 4 June 2024, all the ordinary and special resolutions proposed at the AGM were approved by the requisite majority of votes, save for ordinary resolution number 3.2, relating to the proposed re-election of TML Setiloane as Audit Committee member, which was withdrawn, and ordinary resolution number 5 relating to the general authority for directors to allot and issue shares. The board acknowledges that ordinary resolution 5 was not passed and thank shareholders for their participation. We will carefully review this feedback and consider when proposing resolutions of a similar nature in future.   

 

In this regard, the Company confirms the voting statistics from the AGM as follows:

               

Resolutions

Votes cast disclosed as a percentage in relation to the total number of shares voted at the meeting

 

 

Number of shares voted

Shares voted disclosed as a percentage in relation to the total issued shares*

 

Shares abstained disclosed as a percentage in relation to the total issued shares*

 

 

For

Against

 

Ordinary resolutions:






1. Re-appointment of the independent external auditor

98.27% 

1.73%   

75,816,591

53.96%

0.07%

2.1 Re-election of retiring director: SS Ntsaluba

93.24% 

6.76%   

75,814,665

53.96%

0.08%

2.2 Re-election of retiring director: BM Kodisang

99.09% 

0.91%   

75,814,665

53.96% 

0.08%   

3.1 Election of audit committee member: KW Mzondeki

99.70% 

0.30%   

75,790,123

53.95% 

0.09%   

3.2 Election of audit committee member: TML Setiloane WITHDRAWN

N/A

N/A

N/A

N/A

N/A

3.3 Election of audit committee member: BM Kodisang

99.15% 

0.85%   

75,790,138

53.95% 

0.09%   

4.1 Non-binding advisory vote on the remuneration policy

96.30% 

3.70%   

75,813,467

53.96% 

0.08%   

4.2 Non-binding advisory vote on the implementation report

94.38% 

5.62%   

75,808,240

53.96% 

0.08%   

5. General authority for directors to allot and issue ordinary shares

48.33% 

51.67% 

75,816,392

53.96% 

0.07%   

6. Authorisation to sign documents to give effect to resolutions

100.00%              

0.00%   

75,818,204

53.97% 

0.07%   

 

Special Resolutions:






1.    General authority to acquire the Company's own ordinary shares

100.00%              

0.00%   

75,733,165

53.91% 

0.13%   

2.    Remuneration payable to non-executive directors

97.18% 

2.82%   

75,815,602

53.96% 

0.07%   

3.    Granting of financial assistance in terms of sections 44 and 45 of the Companies Act of South Africa

97.68% 

2.32%   

75,785,418

53.94% 

0.10%   

 

*Total issued shares are 140 492 585                       .

 

The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

 

5 June 2024

Rosebank

 

Company Secretary

Francois Klem

Email: Francois.klem@thungela.com

 

 

Investor Relations 

Hugo Nunes

Email: hugo.nunes@thungela.com

Shreshini Singh

Email: shreshini.singh@thungela.com

 

Media

Hulisani Rasivhaga

Email: hulisani.rasivhaga@thungela.com

 

UK Financial adviser and corporate broker

Liberum Capital Limited

Tel: +44 20 3100 2000

 

 

Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)

 

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