Try our mobile app
ArcelorMittal South Africa Limited (JSE:ACL) News - ACL: Results of the AGM held on 19 May 2022
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa) (Registration Number 1989/002164/06)
Share Code: ACL
ISIN: ZAE000134961
(ArcelorMittal South Africa or “the Company”)
Results of the Annual General Meeting (AGM) held on 19 May 2022 and Changes to the
Board and Committees
At the AGM of the shareholders of ArcelorMittal South Africa Limited held on Thursday, 19 May
2022, all the ordinary and special resolutions proposed at the meeting were approved by the
requisite majority of votes by shareholders either present virtually or represented by proxy.
The voting results were as follows:
Total number of shares in issue 1 454 272 184
Treasury shares (excluded from voting) 23 447 036
Total number of shares (“voteable shares”) 1 430 825 148
Total number of shares represented (including proxies) at the General 1 264 587 396
Meeting
Proportion of total voteable shares represented at the General Meeting 88.38%
Ordinary resolution number 1 - Appointment of auditors
For Against Abstain Shares Voted
1 239 125 140 24 444 209 869 894 1 263 569 349
98.07% 1.93% 0.06% 88.31%
Ordinary resolution number 2.1 - Re-election of Ms LC Cele
For Against Abstain Shares Voted
1 262 963 462 141 844 873 921 1 263 105 306
99.99% 0.01% 0.06% 88.28%
Ordinary resolution number 2.2 - Re-election of Ms NP Gosa
For Against Abstain Shares Voted
1 262 386 986 713 595 878 646 1 263 100 581
99.94% 0.06% 0.06% 88.28%
Ordinary resolution number 3.1 - Election of Ms D Earp
For Against Abstain Shares Voted
1 262 383 024 726 282 869 921 1 263 109 306
99.94% 0.06% 0.06% 88.28%
Ordinary resolution number 3.2 - Election of Prof BF Mohale
For Against Abstain Shares Voted
1 262 440 903 664 405 873 919 1 263 105 308
99.95% 0.05% 0.06% 88.28%
Ordinary resolution number 3.3 - Election of Mr AM Thebyane
For Against Abstain Shares Voted
1 262 963 462 141 844 873 921 1 263 105 306
99.99% 0.01% 0.06% 88.28%
Ordinary resolution number 4.1 - Appointment of Ms D Earp as audit and risk committee
Member
For Against Abstain Shares Voted
1 262 433 291 671 288 874 648 1 263 104 579
99.95% 0.05% 0.06% 88.28%
Ordinary resolution number 4.2 - Appointment of Ms LC Cele as audit and risk committee
Member
For Against Abstain Shares Voted
1 263 005 464 99 844 873 919 1 263 105 308
99.99% 0.01% 0.06% 88.28%
Ordinary resolution number 4.3 - Appointment of Mr NF Nicolau as audit and risk
committee member
For Against Abstain Shares Voted
1 262 554 308 555 000 869 919 1 263 109 308
99.96% 0.04% 0.06% 88.28%
Ordinary resolution number 5.1 - Endorsement of remuneration policy
For Against Abstain Shares Voted
1 159 662 620 103 154 342 1 162 265 1 262 816 962
91.83% 8.17% 0.08% 88.26%
Ordinary resolution number 5.2 - Endorsement of the implementation report
For Against Abstain Shares Voted
1 232 786 080 29 306 711 1 886 436 1 262 092 791
97.68% 2.32% 0.13% 88.21%
Special resolution number 1.1 - Approval of non-executive directors’ fees - Chairperson (all-in
annual fee)
For Against Abstain Shares Voted
1 235 218 550 27 334 444 1 426 316 1 262 552 994
97.83% 2.17% 0.10% 88.24%
Special resolution number 1.2 - Approval of non-executive directors’ fees - Director (annual retainer
and attendance per board meeting)
For Against Abstain Shares Voted
1 261 523 703 1 031 249 1 424 356 1 262 554 952
99.92% 0.08% 0.10% 88.24%
Special resolution number 1.3 - Approval of non-executive directors’ fees - Audit and risk
committee chairperson
For Against Abstain Shares Voted
1 261 524 470 1 025 755 1 429 083 1 262 550 225
99.92% 0.08% 0.10% 88.24%
Special resolution number 1.4 - Approval of non-executive directors’ fees - Audit and risk
committee member
For Against Abstain Shares Voted
1 261 524 470 1 030 482 1 424 356 1 262 554 952
99.92% 0.08% 0.10% 88.24%
Special resolution number 1.5 - Approval of non-executive directors’ fees - Human resources,
remuneration and nominations committee chairperson
For Against Abstain Shares Voted
1 261 529 197 1 025 672 1 424 356 1 262 554 869
99.92% 0.08% 0.10% 88.24%
Special resolution number 1.6 - Approval of non-executive directors’ fees - Human resources,
remuneration and nominations committee member
For Against Abstain Shares Voted
1 261 524 470 1 030 399 1 424 356 1 262 554 869
99.92% 0.08% 0.10% 88.24%
Special resolution number 1.7 - Approval of non-executive directors’ fees – Transformation, social
and ethics committee chairperson
For Against Abstain Shares Voted
1 261 524 470 1 025 755 1 429 083 1 262 550 225
99.92% 0.08% 0.10% 88.24%
Special resolution number 1.8 - Approval of non-executive directors’ fees – Transformation, social
and ethics committee member
For Against Abstain Shares Voted
1 261 524 470 1 030 399 1 424 356 1 262 554 869
99.92% 0.08% 0.10% 88.24%
Special resolution number 1.9 - Approval of non-executive directors’ fees - Safety, health and
environment committee chairperson
For Against Abstain Shares Voted
1 261 529 197 1 025 755 1 424 356 1 262 554 952
99.92% 0.08% 0.10% 88.24%
Special resolution number 1.10 - Approval of non-executive directors’ fees - Safety, health and
environment committee member
For Against Abstain Shares Voted
1 261 524 470 1 030 482 1 424 356 1 262 554 952
99.92% 0.08% 0.10% 88.24%
Special resolution number 1.11 - Approval of non-executive directors’ fees - Any ad hoc or other
committee appointed by the board (chairperson)
For Against Abstain Shares Voted
1 259 665 810 2 884 332 1 429 083 1 262 550 142
99.77% 0.23% 0.10% 88.24%
Special resolution number 1.12 - Approval of non-executive directors’ fees - Any ad hoc or other
committee appointed by the board (member)
For Against Abstain Shares Voted
1 259 665 810 2 889 059 1 424 356 1 262 554 869
99.77% 0.23% 0.10% 88.24%
Special resolution number 1.13 - Approval of non-executive directors’ fees - Non-executive director
serving as share trust committee chairperson
For Against Abstain Shares Voted
1 261 529 197 1 025 672 1 424 356 1 262 554 869
99.92% 0.08% 0.10% 88.24%
Special resolution number 1.14 - Approval of non-executive directors’ fees - Non-executive director
serving as share trust committee member
For Against Abstain Shares Voted
1 261 524 470 1 030 399 1 424 356 1 262 554 869
99.92% 0.08% 0.10% 88.24%
Special resolution number 2 - Financial assistance to related or inter-related company
For Against Abstain Shares Voted
1 260 925 944 1 973 662 1 079 621 1 262 899 606
99.84% 0.16% 0.07% 88.26%
Ordinary resolution number 6 - Authority to implement resolutions passed at the annual general
meeting
For Against Abstain Shares Voted
1 263 067 579 47 727 863 919 1 263 115 306
100.00% 0.00% 0.06% 88.28%
The percentage calculation for shares voted and votes abstained is based on the voteable shares.
Shareholders are referred to the announcement released on the Stock Exchange News Service of
the JSE Limited (“JSE”) on 10 February 2022, advising of the retirement by rotation of Mr. Mpho
Makwana and Ms Nomavuso Mnxasana at the AGM on 19 May 2022 along with the appointment of
Prof Mohale and Mr Thebyane.
In compliance with paragraph 3.59(b) and (c) as well as 3.84 (c) of the Listings Requirements of
the JSE, pursuant to Prof Mohale and Mr Thebyane having been appointed as directors of the
Company, shareholders are advised that the board of directors of the Company have on 19 May
2022 appointed with immediate effect:
? Prof Bonang Mohale as chairperson of the board of directors
? Ms Dawn Earp as chairperson of the Audit and Risk Committee
? Mr Abram Thebyane as chairperson of the Human Resources, Remuneration and
Nomination Committee
The Board bid farewell to two esteemed directors, Mr Mpho Makwana and Ms Nomavuso
Mnxasana who retired by rotation at the AGM. The board of directors and the Company thanks Mr
Makwana and Ms Mnxasana for their contribution to the Company over the years.
20 May 2022
Vanderbijlpark Works
For further information please contact:
Mr Tami Didiza: Group Manager: Stakeholder Engagement and Communications
Tel: (016) 889 4100
Company Secretary: FluidRock Co Sec (Pty) Ltd
Sponsor to ArcelorMittal South Africa Limited
Absa Bank Limited (acting through its Corporate and Investment Banking division)
Date: 20-05-2022 05:25:00
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.
