Result of AGM

RNS Number : 6708M

Thungela Resources Limited

25 May 2022

 

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 inaugural (1^st) annual general meeting ("AGM") of the shareholders of Thungela Resources held on Tuesday, 24 May 2022, all the ordinary and special resolutions proposed at the AGM were approved by the requisite majority of votes, save for special resolution number 1 relating to the general authority to acquire the Company's own ordinary shares. 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	99.68%	0.32%	68 982 960	50.61%	0.09%
2.1 Re-election of retiring director: SS Ntsaluba	92.90%	7.10%	68 974 691	50.60%	0.09%
2.2 Re-election of retiring director: KW Mzondeki	90.43%	9.57%	68 974 726	50.60%	0.09%
2.3 Re-election of retiring director: TML Setiloane	99.68%	0.32%	68 974 690	50.60%	0.09%
2.4 Re-election of retiring director: BM Kodisang	93.67%	6.33%	68 960 290	50.59%	0.10%
2.5 Re-election of retiring director: SG French	97.41%	2.59%	68 974 786	50.60%	0.09%
2.6 Re-election of retiring director: J Ndlovu	98.82%	1.18%	68 977 995	50.60%	0.09%
2.7 Re-election of retiring director: GF Smith	99.26%	0.74%	68 978 091	50.60%	0.09%
3.1 Election of audit committee member: KW Mzondeki	97.51%	2.49%	68 974 622	50.50%	0.09%
3.2 Election of audit committee member: TML Setiloane	99.09%	0.91%	68 974 644	50.60%	0.09%
3.3 Election of audit committee member: BM Kodisang	97.36%	2.64%	68 973 198	50.60%	0.09%
4.1 Non-binding advisory vote on the remuneration policy	94.00%	6.00%	68 967 802	50.60%	0.10%
4.2 Non-binding advisory vote on the implementation report	91.11%	8.89%	68 967 847	50.60%	0.09%
5. General authority for directors to allot and issue ordinary shares	82.36%	17.64%	68 984 426	50.61%	0.09%
6. Authorisation to sign documents to give effect to resolutions	97.82%	2.18%	68 979 819	50.60%	0.09%
Special Resolutions:
1.  General authority to acquire the Company's own ordinary shares	66.77%	33.23%	68 798 724	50.47%	0.22%
2.  Remuneration payable to non-executive directors	98.25%	1.75%	68 957 871	50.59%	0.10%
3.  Granting of financial assistance in terms of sections 44 and 45 of the Companies Act of South Africa	96.81%	3.19%	68 970 251	50.60%	0.09%

*Total issued shares are 136 311 808.

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

25 May 2022

Rosebank

Company Secretary

Francois Klem

Email: [e-mail]

Investor Relations 

Ryan Africa

Email: [e-mail]

Media Contacts

Tarryn Genis

Email: [e-mail]

UK Financial adviser and corporate broker

Liberum Capital Limited

Tel: [phone]

Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)

 

END

 

 

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