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 Wednesday, 31 May 2023, all the ordinary and special resolutions proposed at the AGM were approved by the requisite majority of votes, save for ordinary resolution number 5 relating to the general authority for directors to allot and issue shares, which was withdrawn. 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 voted at the meeting
| 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 shares*
| |
| For | Against | ||||
|
Ordinary resolutions: | | | | | |
| 1. Re-appointment of the independent external auditor | 99.98% | 0.02% | 73 338 004 | 52.20% | 0.12% |
| 2.1 Re-election of retiring director: JN Jekwa | 99.29% | 0.71% | 73 325 155 | 52.19% | 0.13% |
| 2.2 Re-election of retiring director: TML Setiloane | 99.37% | 0.63% | 73 336 864 | 52.20% | 0.12% |
| 3.1 Election of audit committee member: KW Mzondeki | 99. 04% | 0.96% | 73 337 514 | 52.20% | 0.12% |
| 3.2 Election of audit committee member: TML Setiloane | 98.65% | 1.35% | 73 336 274 | 52.20% | 0.12% |
| 3.3 Election of audit committee member: BM Kodisang | 98.81% | 1.19% | 73 337 633 | 52.20% | 0.12% |
| 4.1 Non-binding advisory vote on the remuneration policy | 92.46% | 7.54% | 73 331 157 | 52.20% | 0.12% |
| 4.2 Non-binding advisory vote on the implementation report | 80.60% | 19.40% | 73 332 499 | 52.20% | 0.12% |
| 5. General authority for directors to allot and issue ordinary shares | RESOLUTION WITHDRAWN | ||||
| 6. Authorisation to sign documents to give effect to resolutions | 99.96% | 0.04% | 73 330 265 | 52.20% | 0.12% |
|
Special Resolutions: | | | | | |
| 1. General authority to acquire the Company's own ordinary shares | 99.96% | 0.04% | 73 123 800 | 52.05% | 0.27% |
| 2. Remuneration payable to non-executive directors | 93.24% | 6.76% | 73 331 315 | 52.20% | 0.12% |
| 3. Granting of financial assistance in terms of sections 44 and 45 of the Companies Act of South Africa | 98.86% | 1.14% | 73 328 275 | 52.19% | 0.12% |
*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.
1 June 2023
Rosebank
Company Secretary
Francois Klem
Email: Francois.klem@thungela.com
Investor Relations
Ryan Africa
Email: ryan.africa@thungela.com
Media Contacts
Tarryn Genis
Email: tarryn.genis@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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