| Fri 26 May 2023, 14:27 | | SIBANYE STILLWATER LIMITED - Results of the Sibanye-Stillwater Annual General Meeting and Risk Committee appointment |
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Results of the Sibanye-Stillwater Annual General Meeting and Risk Committee appointment
Sibanye Stillwater Limited
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Share codes: SSW (JSE) and SBSW (NYSE)
ISIN – ZAE000259701
Issuer code: SSW
(“Sibanye-Stillwater” or “the Group” or “the Company”)
Website: www.sibanyestillwater.com
Results of the Sibanye-Stillwater Annual General Meeting and Risk Committee appointment
Johannesburg, 26 May 2023: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) advises
shareholders that all resolutions were passed by the requisite majority at the Group's Annual
General Meeting (the AGM) held by way of utilising electronic communication and electronic
platforms at 09:00 (CAT) this morning.
The number of shares voted in person or by proxy was 2,349,310,323 representing 83.00% of
Sibanye-Stillwater’s 2,830,567,264 total ordinary shares in issue. The resolutions proposed
at the AGM and the percentage of shares voted for and against each resolution, as well as
those that abstained, are set out below:
Resolution % of votes % of votes Number of % of % of
for the against shares Shares Shares
resolution the voted voted (2) abstained
(1) resolution (2)
(1)
Ordinary Resolution 1 –
Re-appointment of auditors 99.87% 0.13% 2,343,556, 82.79% 0.20%
and Designated Individual 853
Partner
Ordinary Resolution 2 –
Re-election of a director: 94.23% 5.77% 2,343,104, 82.78% 0.22%
TJ Cumming 697
Ordinary Resolution 3 –
Re-election of a director: 99.66% 0.34% 2,343,085, 82.78% 0.22%
C Keyter 893
Ordinary Resolution 4 –
Re-election of a director: 97.00% 3.00% 2,343,059, 82.78% 0.22%
TV Maphai 702
Ordinary Resolution 5 –
Re-election of a director: 96.34% 3.66% 2,342,982, 82.77% 0.22%
NG Nika 486
Ordinary Resolution 6 –
Election of a member and 95.09% 4.91% 2,343,025, 82.78% 0.22%
Chair of the Audit 006
Committee: KA Rayner
Ordinary Resolution 7 –
Election of a member of 94.42% 5.58% 2,342,999, 82.77% 0.22%
the Audit Committee: TJ 278
Cumming
Ordinary Resolution 8 –
Election of a member of 99.81% 0.19% 2,343,098, 82.78% 0.22%
the Audit Committee: SN 678
Danson
Ordinary Resolution 9 –
Election of a member of 95.07% 4.93% 2,343,074, 82.78% 0.22%
the Audit Committee: RP 086
Menell
Ordinary Resolution 10 –
Election of a member of 95.16% 4.84% 2,343,024, 82.78% 0.22%
the Audit Committee: NG 257
Nika
Ordinary Resolution 11 –
Election of a member of 96.37% 3.63% 2,343,111, 82.78% 0.22%
the Audit Committee: SC 173
van der Merwe
Ordinary Resolution 12 –
Re-election of a member of 99.48% 0.52% 2,343,056, 82.78% 0.22%
the Audit Committee: SV 865
Zilwa
Ordinary Resolution 13 –
Approval for the issue of 87.23% 12.77% 2,343,156, 82.78% 0.22%
authorised but unissued 412
ordinary shares
Ordinary Resolution 14 –
Issuing equity securities 87.45% 12.55% 2,343,077, 82.78% 0.22%
for cash 712
Ordinary Resolution 15 –
Non-binding advisory vote 82.64% 17.36% 2,341,876, 82.74% 0.26%
on Remuneration Policy 065
Ordinary Resolution 16 –
Non-binding advisory vote 52.71% 47.29% 2,330,082, 82.32% 0.68%
on Remuneration 190
Implementation Report*
Special Resolution 1 –
Approval for the 96.54% 3.46% 2,341,829, 82.73% 0.26%
remuneration of non- 634
executive directors
Special Resolution 2 –
Approval for a per diem 98.28% 1.72% 2,328,696, 82.27% 0.73%
allowance 676
Special Resolution 3 –
Approval for the Company 97.43% 2.57% 2,341,132, 82.71 0.29%
to grant financial 578
assistance in terms of
sections 44 and 45 of the
Act
Special Resolution 4 –
Approval for the 80.92% 19.8% 2,343,471, 82.79% 0.21%
acquisition of the 388
Company’s own shares
Notes:
(1) The shares voted disclosed as a percentage in relation to the total number of shares voted at
the meeting.
(2) The shares voted or abstained disclosed as a percentage in relation to the total issued share
capital.
Shareholders are further advised that in accordance with Section 3.59(c) of the Listings
Requirements of the JSE Limited, Dr Elaine Dorward-King has been appointed as an additional
member to the Risk Committee with effect from 26 May 2023.
*Engagement with Shareholders regarding Sibanye-Stillwater’s Implementation report (Ordinary
resolution 16):
Due to more than 25% of the voting rights exercised voted against the company’s
implementation report, shareholders are hereby invited, in line with the King IV Report on
Corporate Governance for South Africa, 2016 and paragraph 3.84(k) of the JSE Listings
Requirements, to raise all concerns and recommendations by email with the company from the
date of this correspondence to 30 June 2023.
The company, through the remuneration committee, will address all legitimate objections and
concerns raised in writing, and if required, engage further with shareholders. Feedback on
the outcome of the process will be reported in terms of the applicable JSE Listing
Requirements.
Shareholders who wish to participate in this process are requested to email the group
company secretary, Lerato Matlosa, via email at lerato.matlosa@sibanyestillwater.com up
until, 30 June 2023.
Ends.
About Sibanye-Stillwater
Sibanye-Stillwater is a multinational mining and metals processing group with a diverse
portfolio of operations, projects and investments across five continents. The Group is also
one of the foremost global recyclers of PGM autocatalysts and has interests in leading mine
tailings retreatment operations.
Sibanye-Stillwater has established itself as one of the world’s largest primary producers of
platinum, palladium, and rhodium and is a top tier gold producer. It also produces and refines
iridium and ruthenium, nickel, chrome, copper and cobalt. The Group has recently begun to
build and diversify its asset portfolio into battery metals mining and processing and is
increasing its presence in the circular economy by growing and diversifying its recycling and
tailings reprocessing operations globally. For more information refer to
www.sibanyestillwater.com.
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Executive Vice President: Investor Relations and Corporate Affairs
Tel: +27 (0) 83 453 4014
Website: www.sibanyestillwater.com
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Date: 26-05-2023 02:27:00
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