Results of the Sibanye-Stillwater Annual General Meeting
(firmenpresse) -
Johannesburg, 26 May 2020: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW - https://www.commodity-tv.com/play/sibanye-stillwater-q1-2020-operating-update-record-ebitda/ ) 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. In accordance with recommended practice, a poll was conducted on each resolution during the meeting.
The number of shares voted in person or by proxy was 2,229,650,729 representing 83.35% of Sibanye-Stillwaters 2,675,009,860 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 which abstained, are set out below:
Resolution % of % of Number of % of % of
votes votes shares Shares Shares
for against voted voted abstai
the the ned
resolut resolut (2)
ion ion (2)
(1) (1)
Ordinary Resolution 99.89 0.11 2 225 965 083.21 0.14
1 - 11
Re-appointment of
auditors and
Designated
Individual
Partner
Ordinary Resolution 99.28 0.72 2 225 926 983.21 0.14
2 - 93
Election of a
director: Dr EJ
Dorward-King
Ordinary Resolution 99.98 0.02 2 225 914 183.21 0.14
3 - 43
Election of a
director: Dr TV
Maphai
Ordinary Resolution 99.73 0.27 2 225 916 283.21 0.14
4 - 77
Re-election of a
director: TJ
Cumming
Ordinary Resolution 99.98 0.02 2 224 109 383.14 0.21
5 - 82
Re-election of a
director: C
Keyter
Ordinary Resolution 99.91 0.09 2 225 967 383.21 0.14
6 - 49
Re-election of a
member and Chair of
the Audit
Committee: KA
Rayner
Ordinary Resolution 99.18 0.82 2 225 966 683.21 0.14
7 - 45
Election of a member
of the Audit
Committee: TJ
Cumming
Ordinary Resolution 99.98 0.02 2 225 966 583.21 0.14
8 - 49
Election of a member
of the Audit
Committee: SN
Danson
Ordinary Resolution 99.40 0.60 2 225 965 983.21 0.14
9 - 85
Re-election of a
member of the Audit
Committee: RP
Menell
Ordinary Resolution 99.93 0.07 2 225 952 583.21 0.14
10 - 63
Re-election of a
member of the Audit
Committee: NG
Nika
Ordinary Resolution 99.33 0.67 2 225 964 883.21 0.14
11 - 21
Re-election of a
member of the Audit
Committee: SC van
der
Merwe
Ordinary Resolution 93.25 6.75 2 225 812 483.21 0.14
12 - 83
Approval for the
issue of authorised
but unissued
ordinary
shares
Ordinary Resolution 78.55 21.45 2 225 830 883.21 0.14
13 - 81
Issuing equity
securities for
cash
Ordinary Resolution 96.99 3.01 2 225 803 383.21 0.14
14 - 62
Non-binding advisory
vote on
Remuneration
Policy
Ordinary Resolution 94.41 5.59 2 224 136 983.14 0.21
15 - 23
Non-binding advisory
vote on
Remuneration
Implementation
Report
Special Resolution 1 91.83 8.17 2 225 857 383.21 0.14
- 89
Approval for the
remuneration of
non-executive
directors
Special Resolution 2 99.24 0.76 2 225 813 083.21 0.14
- 61
Approval of Lead
Independent
Director recompense
for period since
appointment
Special Resolution 3 98.23 1.77 2 225 818 783.21 0.14
- 61
Approval for the
Company to grant
financial
assistance in terms
of sections 44 and
45 of the
Act
Special Resolution 4 98.59 1.41 2 225 875 483.21 0.14
- 68
Approval for the
acquisition of the
Companys 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.
Investor relations contact:
Email: ir(at)sibanyestillwater.com
James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
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,the Company and/or the Group)
Registered Address:
Constantia Office Park
Bridgeview House Building 11 Ground Floor
Cnr 14th Avenue & Hendrik Potgieter Road
Weltevreden Park 1709
Postal Address:
Private Bag X5 Westonaria 1780
Tel +27 11 278 9600 Fax +27 11 278 9863
In Europe:
Swiss Resource Capital AG
Jochen Staiger
info(at)resource-capital.ch
www.resource-capital.ch
FORWARD-LOOKING STATEMENTS
The information in this announcement may contain forward-looking statements within the meaning of the safe harbour provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements, including, among others, those relating to Sibanye Stillwater Limiteds (Sibanye-Stillwater or the Group) financial positions, business strategies, plans and objectives of management for future operations, are necessarily estimates reflecting the best judgment of the senior management and directors of Sibanye-Stillwater.
All statements other than statements of historical facts included in this announcement may be forward-looking statements. Forward-looking statements also often use words such as will, forecast, potential, estimate, expect and words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and should be considered in light of various important factors, including those set forth in this disclaimer. Readers are cautioned not to place undue reliance on such statements.
The important factors that could cause Sibanye-Stillwaters actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, our future business prospects; financial positions; debt position and our ability to reduce debt leverage; business, political and social conditions in the United States, South Africa, Zimbabwe and elsewhere; plans and objectives of management for future operations; our ability to obtain the benefits of any streaming arrangements or pipeline financing; our ability to service our bond instruments; changes in assumptions underlying Sibanye-Stillwaters estimation of their current mineral reserves and resources; the ability to achieve anticipated efficiencies and other cost savings in connection with past, ongoing and future acquisitions, as well as at existing operations; our ability to achieve steady state production at the Blitz project; the success of Sibanye-Stillwaters business strategy; exploration and development activities; the ability of Sibanye-Stillwater to comply with requirements that they operate in a sustainable manner; changes in the market price of gold, PGMs and/or uranium; the occurrence of hazards associated with underground and surface gold, PGMs and uranium mining; the occurrence of labour disruptions and industrial action; the availability, terms and deployment of capital or credit; changes in relevant government regulations, particularly environmental, tax, health and safety regulations and new legislation affecting water, mining, mineral rights and business ownership, including any interpretations thereof which may be subject to dispute; the outcome and consequence of any potential or pending litigation or regulatory proceedings or other environmental, health and safety issues; power disruptions, constraints and cost increases; supply chain shortages and increases in the price of production inputs; fluctuations in exchange rates, currency devaluations, inflation and other macro-economic monetary policies; the occurrence of temporary stoppages of mines for safety incidents and unplanned maintenance; the ability to hire and retain senior management or sufficient technically skilled employees, as well as their ability to achieve sufficient representation of historically disadvantaged South Africans in management positions; failure of information technology and communications systems; the adequacy of insurance coverage; any social unrest, sickness or natural or man-made disaster at informal settlements in the vicinity of some of Sibanye-Stillwaters operations; and the impact of HIV, tuberculosis and the spread of other contagious diseases, such as coronavirus (COVID-19). Further details of potential risks and uncertainties affecting Sibanye-Stillwater are described in Sibanye-Stillwaters filings with the Johannesburg Stock Exchange and the United States Securities and Exchange Commission, including the Integrated Annual Report 2019 and the Annual Report on Form 20-F for the fiscal year ended 31 December 2019.
These forward-looking statements speak only as of the date of the content. Sibanye-Stillwater expressly disclaims any obligation or undertaking to update or revise any forward-looking statement (except to the extent legally required).
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