Result of AGM

Thungela Resources Limited

01 June 2023

 

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 Wednesday, 31 May 2023, all the ordinary and special resolutions proposed at the AGM were approved by the requisite majority of votes, save for ordinary resolution number 5 relating to the general authority for directors to allot and issue shares, which was withdrawn. 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	99.98%	0.02%	73 338 004	52.20%	0.12%
2.1 Re-election of retiring director: JN Jekwa	99.29%	0.71%	73 325 155	52.19%	0.13%
2.2 Re-election of retiring director: TML Setiloane	99.37%	0.63%	73 336 864	52.20%	0.12%
3.1 Election of audit committee member: KW Mzondeki	99. 04%	0.96%	73 337 514	52.20%	0.12%
3.2 Election of audit committee member: TML Setiloane	98.65%	1.35%	73 336 274	52.20%	0.12%
3.3 Election of audit committee member: BM Kodisang	98.81%	1.19%	73 337 633	52.20%	0.12%
4.1 Non-binding advisory vote on the remuneration policy	92.46%	7.54%	73 331 157	52.20%	0.12%
4.2 Non-binding advisory vote on the implementation report	80.60%	19.40%	73 332 499	52.20%	0.12%
5. General authority for directors to allot and issue ordinary shares	RESOLUTION WITHDRAWN
6. Authorisation to sign documents to give effect to resolutions	99.96%	0.04%	73 330 265	52.20%	0.12%
Special Resolutions:
1.    General authority to acquire the Company's own ordinary shares	99.96%	0.04%	73 123 800	52.05%	0.27%
2.    Remuneration payable to non-executive directors	93.24%	6.76%	73 331 315	52.20%	0.12%
3.    Granting of financial assistance in terms of sections 44 and 45 of the Companies Act of South Africa	98.86%	1.14%	73 328 275	52.19%	0.12%

*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.

1 June 2023

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