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ACL -Results of the Annual General Meeting held on 23 May 2025 & B-BBEE Annual Compliance Report
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 23 May 2025 and Broad Based Black Economic
Empowerment Act (the B-BBEE Act): Annual Compliance Report
Broad Based Black Economic Empowerment Act (the B-BBEE Act): Annual Compliance
Report
In accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Limited Listings
Requirements, notice is hereby given that the Company's annual compliance report in terms of
section 13G(2) of the BBBEE Act has been published and is available on ArcelorMittal South
Africa's website at:
https://www.arcelormittalsa.com/Portals/0/ELC13762_Arcelormittal%20SA_BEE%20Certificate_Final.pdf
ArcelorMittal South Africa reports that under the B-BBEE codes, the Company has a rating as a
Level 7 Contributor.
Results of the Annual General Meeting (AGM) held on 23 May 2025
At the AGM of the shareholders of ArcelorMittal South Africa held on Friday, 23 May 2025, 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 issued shares and shares represented at the AGM are set out below.
Ordinary shares 1 138 059 825
A1 ordinary shares 243 240 276
A2 ordinary shares 72 972 083
Total number of shares in issue 1 454 272 184
Treasury shares (excluded from voting) 23 447 036
Total number of shares represented (including proxies) at the AGM 1 187 032 728
Total number of shares represented (including proxies) the AGM
as % of voteable shares 83%
The voting results in total are set out below, followed by the voting results on the ordinary shares,
A1 ordinary shares, and A2 ordinary shares.
Voting results total:
Ordinary resolution number 1 - Appointment of auditors
For Against Abstain Shares Voted
1 186 831 317 90 911 110 500 1 186 922 228
99.99% 0.01% 0.01% 82.95%
Ordinary resolution number 2.1 - Re-election of Prof BF Mohale
For Against Abstain Shares Voted
1 185 331 317 1 590 911 110 500 1 186 922 228
99.87% 0.13% 0.01% 82.95
Ordinary resolution number 2.2 - Re-election of Ms LC Cele
For Against Abstain Shares Voted
1 186 831 155 91 073 110 500 1 186 922 228
99.99% 0.01% 0.01% 82.95%
Ordinary resolution number 3 - Appointment of Mr MG Maasdorp as a non-executive director
For Against Abstain Shares Voted
1 184 964 718 1 957 510 110 500 1 186 922 228
99.84% 0.16% 0.01% 82.95%
Ordinary resolution number 4.1 - Appointment of Ms D Earp as audit and risk committee member
For Against Abstain Shares Voted
1 185 331 317 1 590 911 110 500 1 186 922 228
99.87% 0.13% 0.01% 82.95%
Ordinary resolution number 4.2 - Appointment of Ms LC Cele as audit and risk committee member
For Against Abstain Shares Voted
1 186 831 155 91 073 110 500 1 186 922 228
99.99% 0.01% 0.01% 82.95%
Ordinary resolution number 4.3 - Appointment of Mr NF Nicolau as audit and risk committee member
For Against Abstain Shares Voted
1 185 331 317 1 590 911 110 500 1 186 922 228
99.87% 0.13% 0.01% 82.95%
Ordinary resolution number 5.1 - Appointment of Mr GS Gouws as social and ethics member
For Against Abstain Shares Voted
1 186 464 718 457 510 110 500 1 186 922 228
99.96% 0.04% 0.01% 82.95%
Ordinary resolution number 5.2 - Appointment of Ms D Earp as social and ethics member
For Against Abstain Shares Voted
1 186 831 317 90 911 110 500 1 186 922 228
99.99% 0.01% 0.01% 82.95%
Ordinary resolution number 5.3 - Appointment of Mr NF Nicolau as social and ethics member
For Against Abstain Shares Voted
1 86 831 317 90 911 110 500 1 186 922 228
99.99% 0.01% 0.01% 82.95%
Ordinary resolution number 5.4 - Appointment of Mr BL Davey as social and ethics member
For Against Abstain Shares Voted
1 186 464 718 457 510 110 500 1 186 922 228
99.96% 0.04% 0.01% 82.95%
Ordinary resolution number 5.5 - Appointment of Mr R Karol as social and ethics member
For Against Abstain Shares Voted
1 186 464 718 457 510 110 500 1 186 922 228
99.96% 0.04% 0.01% 82.95%
Ordinary resolution number 5.6 - Appointment of Mr HJ Verster as social and ethics member
For Against Abstain Shares Voted
1 186 464 718 457 510 110 500 1 186 922 228
99.96% 0.04% 0.01% 82.95%
Non-Binding, Advisory Ordinary Resolution Number 6.1- Endorsement of the remuneration policy
For Against Abstain Shares Voted
1 184 659 119 2 262 992 110 617 1 186 922 111
99.81% 0.19% 0.01% 82.95%
Non-Binding, Advisory Ordinary Resolution Number 6.2- Implementation of the remuneration policy
For Against Abstain Shares Voted
1 184 659 119 2 262 992 110 617 1 186 922 111
99.81% 0.19% 0.01% 82.95%
Special resolution number 1.1.- Approval of non-executive directors' fees – Chairperson (all-in annual fee)
For Against Abstain Shares Voted
1 184 929 392 1 992 719 110 617 1 186 922 111
99.83% 0.17% 0.01% 82.95%
Special resolution number 1.2.- Approval of non-executive directors' fees – Director (annual retainer and
attendance per board meeting)
For Against Abstain Shares Voted
1 186 830 930 91 181 110 617 1 186 922 111
99.99% 0.01% 0.01% 82.95%
Special resolution number 1.3.- Approval of non-executive directors' fees – Audit and risk committee
chairperson
For Against Abstain Shares Voted
1 186 830 930 91 181 110 617 1 186 922 111
99.99% 0.01% 0.01% 82.95%
Special resolution number 1.4.- Approval of non-executive directors' fees – Audit and risk committee
member
For Against Abstain Shares Voted
1 186 830 930 91 181 110 617 1 186 922 111
99.99% 0.01% 0.01% 82.95%
Special resolution number 1.5.- Approval of non-executive directors' fees – Human resources committee
chairperson
For Against Abstain Shares Voted
1 186 830 930 91 181 110 617 1 186 922 111
99.99% 0.01% 0.01% 82.95%
Special resolution number 1.6.- Approval of non-executive directors' fees – Human resources
committee member
For Against Abstain Shares Voted
1 186 830 930 91 181 110 617 1 186 922 111
99.99% 0.01% 0.01% 82.95%
Special resolution number 1.7.- Approval of non-executive directors' fees – Social and ethics committee
chairperson
For Against Abstain Shares Voted
1 186 830 930 91 181 110 617 1 186 922 111
99.99% 0.01% 0.01% 82.95%
Special resolution number 1.8.- Approval of non-executive directors' fees – Social and ethics committee
member
For Against Abstain Shares Voted
1 186 830 930 91 181 110 617 1 186 922 111
99.99% 0.01% 0.01% 82.95%
Special resolution number 1.9.- Approval of non-executive directors' fees – Safety, security, health and
environmental committee chairperson
For Against Abstain Shares Voted
1 186 830 930 91 181 110 617 1 186 922 111
99.99% 0.01% 0.01% 82.95%
Special resolution number 1.10 - Approval of non-executive directors' fees - Safety, health, and environment
committee member
For Against Abstain Shares Voted
1 186 830 930 91 181 110 617 1 186 922 111
99.99% 0.01% 0.01% 82.95%
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
1 186 830 930 91 181 110 617 1 186 922 111
99.99% 0.01% 0.01% 82.95%
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
1 186 830 930 91 181 110 617 1 186 922 111
99.99% 0.01% 0.01% 82.95%
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
1 186 830 930 91 181 110 617 1 186 922 111
99.99% 0.01% 0.01% 82.95%
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
1 186 830 930 91 181 110 617 1 186 922 111
99.99% 0.01% 0.01% 82.95%
Special resolution number 2 - Financial assistance to related or inter-related company
For Against Abstain Shares Voted
1 186 429 509 492 719 110 500 1 186 922 228
99.96% 0.04% 0.01% 82.95%
Ordinary resolution number 7 - Authority to implement resolutions passed at the annual general meeting.
For Against Abstain Shares Voted
1 186 831 317 90 911 110 500 1 186 922 228
99.99% 0.01% 0.01% 82.95%
(The percentage calculations above are based on the voteable shares (in respect of the shares
voted and abstentions) and a percentage of the shares voted ( in respect of the for and against votes).
Voting results A1 ordinary shares
Ordinary resolution number 1 - Appointment of auditors
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 2.1 - Re-election of Prof BF Mohale
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 2.2 - Re-election of Ms LC Cele
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 3 - Appointment of Mr MG Maasdorp as a non-executive director
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.1 - Appointment of Ms D Earp as audit and risk committee member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.2 - Appointment of Ms LC Cele as audit and risk committee member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.3 - Appointment of Mr NF Nicolau as audit and risk committee member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 5.1 - Appointment of Mr GS Gouws as social and ethics member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 5.2 - Appointment of Ms D Earp as social and ethics member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 5.3 - Appointment of Mr NF Nicolau as social and ethics member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 5.4 - Appointment of Mr BL Davey as social and ethics member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 5.5 - Appointment of Mr R Karol as social and ethics member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 5.6 - Appointment of Mr HJ Verster as social and ethics member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Non-Binding, Advisory Ordinary Resolution Number 6.1- Endorsement of the remuneration policy
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Non-Binding, Advisory Ordinary Resolution Number 6.2- Implementation of the remuneration policy
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.1.- Approval of non-executive directors' fees – Chairperson (all-in annual fee)
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.2.- Approval of non-executive directors' fees – Director (annual retainer and
attendance per board meeting)
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.3.- Approval of non-executive directors' fees – Audit and risk committee
chairperson
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.4.- Approval of non-executive directors' fees – Audit and risk committee
member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.5.- Approval of non-executive directors' fees – Human resources committee
chairperson
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.6.- Approval of non-executive directors' fees – Human resources committee
member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.7.- Approval of non-executive directors' fees – Social and ethics committee
chairperson
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.8.- Approval of non-executive directors' fees – Social and ethics committee
member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.9.- Approval of non-executive directors' fees – Safety, security, health and
environmental committee chairperson
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.10 - Approval of non-executive directors' fees - Safety, health, and environment
committee member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
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
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
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
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
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
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
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
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Special resolution number 2 - Financial assistance to related or inter-related company
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 7 - Authority to implement resolutions passed at the annual general meeting.
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
(The percentage calculations above are based on the voteable shares (in respect of the shares voted and
abstentions) and a percentage of the shares voted ( in respect of the for and against votes).
Voting results A2 ordinary shares
Ordinary resolution number 1 - Appointment of auditors
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 2.1 - Re-election of Prof BF Mohale
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 2.2 - Re-election of Ms LC Cele
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 3 - Appointment of Mr MG Maasdorp as a non-executive director
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.1 - Appointment of Ms D Earp as audit and risk committee member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.2 - Appointment of Ms LC Cele as audit and risk committee member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.3 - Appointment of Mr NF Nicolau as audit and risk committee member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 5.1 - Appointment of Mr GS Gouws as social and ethics member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 5.2 - Appointment of Ms D Earp as social and ethics member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 5.3 - Appointment of Mr NF Nicolau as social and ethics member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 5.4 - Appointment of Mr BL Davey as social and ethics member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 5.5 - Appointment of Mr R Karol as social and ethics member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 5.6 - Appointment of Mr HJ Verster as social and ethics member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Non-Binding, Advisory Ordinary Resolution Number 6.1- Endorsement of the remuneration policy
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Non-Binding, Advisory Ordinary Resolution Number 6.2- Implementation of the remuneration policy
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.1.- Approval of non-executive directors' fees – Chairperson (all-in annual fee)
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.2.- Approval of non-executive directors' fees – Director (annual retainer and
attendance per board meeting)
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.3.- Approval of non-executive directors' fees – Audit and risk committee
chairperson
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.4.- Approval of non-executive directors' fees – Audit and risk committee
member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.5.- Approval of non-executive directors' fees – Human resources committee
chairperson
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.6.- Approval of non-executive directors' fees – Human resources committee
member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.7.- Approval of non-executive directors' fees – Social and ethics committee
chairperson
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.8.- Approval of non-executive directors' fees – Social and ethics committee
member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.9.- Approval of non-executive directors' fees – Safety, security, health and
environmental committee chairperson
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.10 - Approval of non-executive directors' fees - Safety, health, and environment
committee member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
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
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
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
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
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
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
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
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Special resolution number 2 - Financial assistance to related or inter-related company
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 7 - Authority to implement resolutions passed at the annual general meeting.
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
(The percentage calculations above are based on the voteable shares (in respect of the shares voted
and abstentions) and a percentage of the shares voted (in respect of the for and against votes).
26 May 2025.
Vanderbijlpark Works
For further information please contact:
Tami Didiza: Manager: Corporate Communications
Tel: (016) 889 2549/ (016) 889 4100
Company Secretary
FluidRock Co Sec (Pty) Ltd
Tel: (016) 889 4077
Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)
Date: 26-05-2025 02:00:00
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