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 sixteenth annual general meeting ("AGM" or "the meeting") of shareholders today, 31 May 2022. 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 of the Kumba group, including the reports of the directors, external auditors, audit committee, business performance and the social, ethics and transformation committee for the financial year ended 31 December 2021 were presented.
Kumba confirms the voting statistics from the AGM as follows:
Resolutions | 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 | ||||
meeting | relation to the | relation to the total | ||||
total issued | issued share | |||||
share capital* | capital* | |||||
For | Against | |||||
Ordinary resolution number 1: Re-appointment of | 99.91% | 0.09% | 305,566,665 | 94.87% | 0.02% | |
PriceWaterhouseCoopers as independent external auditors | ||||||
and Mr Sizwe Masondo as individual designated auditor | ||||||
Ordinary Resolution Number 2.1 - To re-elect Mr Terence | 99.77% | 0.23% | 305,566,599 | 94.87% | 0.02% | |
Goodlace as a director of the Company |
Ordinary Resolution Number 2.2 - To re-elect Mrs Michelle | 99.55% | 0.45% | 305,566,579 | 94.87% | 0.02% |
Jenkins as a director of the Company | |||||
Ordinary Resolution Number 2.3 - To re-elect Mr Sango | 97.94% | 2.06% | 305,566,615 | 94.87% | 0.02% |
Ntsaluba as a director of the Company | |||||
Ordinary Resolution Number 2.4 - To elect Ms Josephine Tsele | 99.62% | 0.38% | 305,566,615 | 94.87% | 0.02% |
as a director of the Company | |||||
Ordinary Resolution Number 2.5 - To re-elect Ms Buyelwa | 99.88% | 0.12% | 305,566,615 | 94.87% | 0.02% |
Sonjica as a director of the Company | |||||
Ordinary Resolution Number 3.1 - Election of Mr Sango | 98.26% | 1.74% | 305,566,613 | 94.87% | 0.02% |
Ntsaluba as a member of the Audit Committee | |||||
Ordinary Resolution Number 3.2 - Election of Mrs Mary Bomela | 99.95% | 0.05% | 305,566,576 | 94.87% | 0.02% |
as a member of the Audit Committee | |||||
Ordinary Resolution Number 3.3 - Election of Mrs Michelle | 99.78% | 0.22% | 305,566,634 | 94.87% | 0.02% |
Jenkins as a member of the Audit Committee | |||||
Ordinary Resolution Number 4.1 - Approval of the remuneration | 99.34% | 0.66% | 305,540,330 | 94.86% | 0.02% |
policy by way of a non-binding advisory vote | |||||
Ordinary Resolution Number 4.2 - Approval of the | 99.21% | 0.79% | 305,235,019 | 94.77% | 0.12% |
implementation of the remuneration policy by way of a non- | |||||
binding advisory vote | |||||
Ordinary Resolution Number 5 - General authority for directors | 99.51% | 0.49% | 305,563,928 | 94.87% | 0.02% |
to allot and issue ordinary shares | |||||
Ordinary Resolution Number 6 - Authorisation to sign | 100% | 0.00% | 305,558,965 | 94.87% | 0.02% |
documents to give effect to resolutions | |||||
Special Resolution Number 1 - General authority to issue | 99.71% | 0.29% | 305,557,784 | 94.87% | 0.02% |
shares for cash | |||||
Special Resolution Number 2 - Remuneration payable to Non- | 99.92% | 0.08% | 305,549,463 | 94.87% | 0.02% |
Executive Directors | |||||
Special Resolution Number 3 - Approval for the granting of | 99.93% | 0.07% | 305,564,686 | 94.87% | 0.02% |
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 | 96.60% | 3.40% | 305,504,236 | 94.85% | 0.03% |
shares |
*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
31 May 2022
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact: | |
Company Secretary | |
Ms Fazila Patel | |
fazila.patel@angloamerican.com | |
Tel: +27 12 683 7060 | |
Mobile: +27 83 297 2293 | |
Investors | Media |
Penny Himlok | Sinah Phochana |
penny.himlok@angloamerican.com | sinah.phochana@angloamerican.com |
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 around the globe including in China, Japan, South 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, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our customers - safely and sustainably.
As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and metallurgical coal for steelmaking, and nickel - with crop nutrients in development - we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring 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
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Kumba Iron Ore Ltd. published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 12:40:09 UTC.