Bauba Resources Limited (JSE:BAU) News - Results of Annual General Meeting and Change in Function of Directors

Bauba Resources Limited
Incorporated in the Republic of South Africa
(Registration number 1986/004649/06)
Share code: BAU ISIN: ZAE000145686
(“Bauba”)


RESULTS OF ANNUAL GENERAL MEETING AND CHANGE IN FUNCTION OF DIRECTORS



Shareholders are advised that, at the annual general meeting of Bauba (“AGM”) held today, 14 December
2021, all the resolutions as set out in the notice of annual general meeting were passed by the requisite
majority of shareholders.

The number of shares voted in person or by proxy was 381 871 495 representing 50.93% of the total issued
share capital of the same class of Bauba shares.

The resolutions proposed at the meeting, together with the percentage of votes carried for and against each
resolution, as well as the percentage of shares abstained, are set out below:


                                                                     % of votes     % of votes
                                                                carried for the    against the  % of shares
Resolution                                                           resolution     resolution    abstained
 Ordinary resolution        number   1:   Appointment     and
 re-election of directors

 1.1 Re-election of Dr Mathews Phosa as an independent non-
     executive director                                              99.94            0.06          0.01
 1.2 Re-election of Mr Thomas Baring as a non-executive
     director                                                       100.00            0.00          0.01
 1.3 Appointment of Mr Robert Shedlock as a non-executive
     director                                                       100.00            0.00          0.01
 1.4 Appointment of Mr Jurie Wessels as a non-executive
    director                                                        100.00            0.00          0.01
 1.5 Appointment of Mr Johan Le Roux as a non-executive
     director                                                       100.00            0.00          0.01
 1.6 Appointment of Mr Sean Edwards as an independent non-
     executive director                                             100.00            0.00          0.01
 1.7 Appointment of Mr Eugene Nel as an independent non-
     executive director                                             100.00            0.00          0.01

Ordinary resolution number 2: Election of independent non-
executive directors to the audit and risk committee

 2.1 Appointment of Mr Sean Edwards as a member of the
     audit and risk committee                                       100.00            0.00          0.01
 2.2 Appointment of Mr Eugene Nel as a member of the audit
     and risk committee                                             100.00            0.00          0.01
 2.3 Appointment of Mr Robert Shedlock as a member of the
     audit and risk committee                                       100.00           0.00          0.01

Ordinary resolution number 3: Re-appointment of the
external auditor                                                    100.00           0.00          0.01

Ordinary resolution number 4: Signature of documents                100.00           0.00          0.01

Ordinary resolution number 5: Approval to issue ordinary
shares, and to sell treasury shares, for cash                        99.91           0.09          0.01

Ordinary resolution number 6: Advisory endorsement of the
remuneration policy and the implementation report

6.1 Approval of the remuneration policy                              99.89           0.11          0.03
6.2 Approval of the implementation report                            99.89           0.11          0.03

Special resolution number 1: Non-executive directors’
remuneration                                                         99.89           0.11          0.03

Special resolution number        2:   General   authority   to
repurchase securities                                               100.00           0.00          0.01

Special resolution number 3: Financial assistance for
subscription of securities                                           99.89           0.11          0.01

Special resolution number 4: Financial assistance to
directors and/or related or inter-related entities                   99.94           0.06          0.05

Special resolution number 5: Amendments to the MOI                   99.89           0.11          0.01

Special resolution number 6: Approval to issue ordinary
shares in terms of section 41(3) of the Companies Act                99.89           0.11          0.01


CHANGE IN FUNCTION OF DIRECTORS

In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Bauba
hereby notifies its shareholders that, with effect from 13 December 2021:

-     Mr Eugene Nel has been appointed as the chairperson of the audit and risk committee; and
-     Dr Mathews Phosa has been appointed as a member of the audit and risk committee.


Johannesburg
14 December 2021

Sponsor
Merchantec Capital

Date: 14-12-2021 04:00:00
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. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.