14 May - 5 min read
Report on proceedings at the Annual General Meeting
Report on proceedings at the Annual General Meeting Kumba Iron Ore Limited A member of the Anglo American plc group (Incorporated in the Republic of South Africa) (Registration number 2005/015852/06) Share code: KIO ISIN: ZAE000085346 (“Kumba” or “the Company”) REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING Kumba held its fifteenth (15th) annual general meeting (“AGM” or “the meeting”) of shareholders today, 14 May 2021. All the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The audited annual financial statements of the Company and the group including the report of the directors, external auditors, audit committee, business performance and the social, ethics and transformation committee for the financial year ended 31 December 2020 were presented. Kumba confirms the voting statistics from the AGM as follows: Votes cast disclosed as a Number of Shares voted Shares abstained percentage in relation to the total shares voted disclosed as a disclosed as a number of shares voted at the percentage in percentage in Resolutions meeting relation to the relation to the total total issued issued share For Against share capital* capital* Ordinary resolution number 1: Re-appointment of 99.95% 0.05% 303,360,125 94.19% 0.01% PriceWaterhouseCoopers as independent external auditors and Mr Sizwe Masondo as individual designated auditor Ordinary Resolution Number 2.1 - To re-elect Mrs Mary Bomela 98.69% 1.31% 303,360,125 94.19% 0.01% as a director of the Company Ordinary Resolution Number 2.2 - To re-elect Mrs Ntombi 98.28% 1.72% 303,360,125 94.19% 0.01% Langa-Royds as a director of the Company Ordinary Resolution Number 2.3 - To re-elect Ms Buyelwa 99.87% 0.13% 303,360,125 94.19% 0.01% Sonjica as a director of the Company Ordinary Resolution Number 3.1 - Election of Mr Sango 99.89% 0.11% 303,360,125 94.19% 0.01% Ntsaluba as a member of the Audit Committee Ordinary Resolution Number 3.2 - Election of Mr Terence 99.96% 0.04% 303,360,125 94.19% 0.01% Goodlace as a member of the Audit Committee Ordinary Resolution Number 3.3 - Election of Mrs Mary Bomela 99.96% 0.04% 303,360,125 94.19% 0.01% as a member of the Audit Committee Ordinary Resolution Number 3.4 - Election of Mrs Michelle 100.00% 0.00% 303,360,125 94.19% 0.01% Jenkins as a member of the Audit Committee Ordinary Resolution Number 4.1 - Approval of the remuneration 99.60% 0.40% 303,268,135 94.16% 0.04% policy by way of a non-binding advisory vote Ordinary Resolution Number 4.2 - Approval of the 93.10% 6.90% 302,273,991 93.85% 0.35% implementation of the remuneration policy by way of a non- binding advisory vote Ordinary Resolution Number 5 - General authority for directors 99.90% 0.10% 303,360,143 94.19% 0.01% to allot and issue ordinary shares Ordinary Resolution Number 6 - Authorisation to sign 100.00% 0.00% 303,360,125 94.19% 0.01% documents to give effect to resolutions Special Resolution Number 1 - General authority to issue 99.83% 0.17% 303,360,393 94.19% 0.01% shares for cash Special Resolution Number 2 - Remuneration payable to Non- 99.96% 0.04% 303,268,392 94.19% 0.04% Executive Directors Special Resolution Number 3 - Approval for the granting of 99.98% 0.02% 303,359,950 94.19% 0.01% financial assistance in terms of Sections 44 and 45 of the Companies Act No. 71 of 2008 Special Resolution Number 4 - General authority to repurchase 99.55% 0.45% 303,296,242 94.17% 0.03% shares Special Resolution Number 5 – Approval of the extension of the 100.00% 0.00% 303,359,989 94.19% 0.01% Employee Share Ownership Scheme *Total issued share capital is 322 085 974. The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. Centurion 14 May 2021 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) For further information, please contact: Company Secretary Ms Fazila Patel firstname.lastname@example.org Tel: +27 683 7060 Mobile: +27 83 297 2293 Investors Media Penny Himlok Sinah Phochana email@example.com firstname.lastname@example.org Tel: +27 12 622 8324 Tel: +27 12 683 7019 Mobile: +27 82 781 1888 Mobile: +27 76 066 0655 Notes to editors: Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba produces iron ore in South Africa at Sishen and Kolomela mines in the Northern Cape Province. Kumba exports iron ore to customers in a range of geographical locations around the globe including China, Japan, Korea and a number of countries in Europe and the Middle East. www.angloamericankumba.com Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, development projects and undeveloped resources, provides many of the metals and minerals that enable a cleaner, greener, more sustainable world and that meet the fast growing consumer-driven demands of developed and maturing economies. With our people at the heart of our business, we use innovative practices and the latest technologies to mine, process, move and market our products to our customers – and to discover new resources – safely and sustainably. As a responsible producer of diamonds (through De Beers), copper, platinum group metals, the steelmaking ingredients of iron ore and metallurgical coal, and nickel – with crop nutrients in development and thermal coal operations planned for divestment – we are committed to being carbon neutral across our operations by 2040. We work together with our business partners and diverse stakeholders to unlock sustainable value from precious natural resources for the benefit of the communities and countries in which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people’s lives. www.angloamerican.com Date: 14-05-2021 02:38:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. 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