REG - Thungela Resources - Report of proceedings at the AGM

Thungela ResourcesAnnouncement

05/06/2024 14:00

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RNS Number : 2590R  Thungela Resources Limited  05 June 2024

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 Tuesday, 4 June 2024, all the ordinary and special
resolutions proposed at the AGM were approved by the requisite majority of
votes, save for ordinary resolution number 3.2, relating to the proposed
re-election of TML Setiloane as Audit Committee member, which was withdrawn,
and ordinary resolution number 5 relating to the general authority for
directors to allot and issue shares. The board acknowledges that ordinary
resolution 5 was not passed and thank shareholders for their participation. We
will carefully review this feedback and consider when proposing resolutions of
a similar nature in future.

 

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      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
                                                                              voted at the meeting
                                                                               shares*

                                                                              For                                       Against

 Ordinary resolutions:
 1. Re-appointment of the independent external auditor                        98.27%                                    1.73%                                     75,816,591              53.96%                                                                          0.07%
 2.1 Re-election of retiring director: SS Ntsaluba                            93.24%                                    6.76%                                     75,814,665              53.96%                                                                          0.08%
 2.2 Re-election of retiring director: BM Kodisang                            99.09%                                    0.91%                                     75,814,665              53.96%                                                                          0.08%
 3.1 Election of audit committee member: KW Mzondeki                          99.70%                                    0.30%                                     75,790,123              53.95%                                                                          0.09%
 3.2 Election of audit committee member: TML Setiloane WITHDRAWN              N/A                                       N/A                                       N/A                     N/A                                                                             N/A
 3.3 Election of audit committee member: BM Kodisang                          99.15%                                    0.85%                                     75,790,138              53.95%                                                                          0.09%
 4.1 Non-binding advisory vote on the remuneration policy                     96.30%                                    3.70%                                     75,813,467              53.96%                                                                          0.08%
 4.2 Non-binding advisory vote on the implementation report                   94.38%                                    5.62%                                     75,808,240              53.96%                                                                          0.08%
 5. General authority for directors to allot and issue ordinary shares        48.33%                                    51.67%                                    75,816,392              53.96%                                                                          0.07%
 6. Authorisation to sign documents to give effect to resolutions             100.00%                                   0.00%                                     75,818,204              53.97%                                                                          0.07%

 Special Resolutions:
 1.    General authority to acquire the Company's own ordinary shares         100.00%                                   0.00%                                     75,733,165              53.91%                                                                          0.13%
 2.    Remuneration payable to non-executive directors                        97.18%                                    2.82%                                     75,815,602              53.96%                                                                          0.07%
 3.    Granting of financial assistance in terms of sections 44 and 45 of     97.68%                                    2.32%                                     75,785,418              53.94%                                                                          0.10%
 the Companies Act of South Africa

 

*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.

 

5 June 2024

Rosebank

 

Company Secretary

Francois Klem

Email: Francois.klem@thungela.com (mailto:Francois.klem@thungela.com)

 

 

Investor Relations

Hugo Nunes

Email: hugo.nunes@thungela.com

Shreshini Singh

Email: shreshini.singh@thungela.com

 

Media

Hulisani Rasivhaga

Email: hulisani.rasivhaga@thungela.com

 

UK Financial adviser and corporate broker

Liberum Capital Limited

Tel: +44 20 3100 2000

 

 

Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)

 

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