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Results of the Sibanye-Stillwater Annual General Meeting and Risk Committee appointment


Johannesburg, 26 May 2023: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) (https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/)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 for the resolution (1)

% of votes against the resolution (1)

Number of

shares voted

 

% of Shares voted (2)

% of Shares abstained (2)

Ordinary Resolution 1 –

Re-appointment of auditors and Designated Individual Partner

 

99.87%

 

0.13%

 

2,343,556,853

 

82.79%

 

0.20%

Ordinary Resolution 2 –

Re-election of a director: TJ Cumming

 

94.23%

 

5.77%

 

2,343,104,697

 

82.78%

 

0.22%

Ordinary Resolution 3 –

Re-election of a director: C Keyter

 

99.66%

 

0.34%

 

2,343,085,893

 

82.78%

 

0.22%

Ordinary Resolution 4 –

Re-election of a director: TV Maphai

 

97.00%

 

3.00%

 

2,343,059,702

 

82.78%

 

0.22%

Ordinary Resolution 5 –

Re-election of a director: NG Nika

 

96.34%

 

3.66%

 

2,342,982,486

 

82.77%

 

0.22%

Ordinary Resolution 6 –

Election of a member and Chair of the Audit Committee: KA Rayner

 

 

 

95.09%

 

4.91%

 

2,343,025,006

 

82.78%

 

0.22%

Ordinary Resolution 7 –

Election of a member of the Audit Committee: TJ Cumming

 

94.42%

 

5.58%

 

2,342,999,278

 

82.77%

 

0.22%

Ordinary Resolution 8 –

Election of a member of the Audit Committee: SN Danson

 

99.81%

 

0.19%

 

2,343,098,678

 

82.78%

 

0.22%

Ordinary Resolution 9 –

Election of a member of the Audit Committee: RP Menell

 

95.07%

 

4.93%

 

2,343,074,086

 

82.78%

 

0.22%

Ordinary Resolution 10 –

Election of a member of the Audit Committee: NG Nika

 

95.16%

 

4.84%

 

2,343,024,257

 

82.78%

 

0.22%

Ordinary Resolution 11 –

Election of a member of the Audit Committee: SC van der Merwe

 

96.37%

 

3.63%

 

2,343,111,173

 

82.78%

 

0.22%

Ordinary Resolution 12 –

Re-election of a member of the Audit Committee: SV Zilwa

 

99.48%

 

0.52%

 

2,343,056,865

 

82.78%

 

0.22%

Ordinary Resolution 13 –

Approval for the issue of authorised but unissued ordinary shares

 

87.23%

 

12.77%

 

2,343,156,412

 

82.78%

 

0.22%

Ordinary Resolution 14 –

Issuing equity securities for cash

 

87.45%

 

12.55%

 

2,343,077,712

 

82.78%

 

0.22%

Ordinary Resolution 15 –

Non-binding advisory vote on Remuneration Policy

 

82.64%

 

17.36%

 

2,341,876,065

 

82.74%

 

0.26%

Ordinary Resolution 16 –

Non-binding advisory vote on Remuneration Implementation Report*

 

52.71%

 

47.29%

 

2,330,082,190

 

82.32%

 

0.68%

Special Resolution 1 –

Approval for the remuneration of non-executive directors

 

96.54%

 

3.46%

 

2,341,829,634

 

82.73%

 

0.26%

Special Resolution 2 –

Approval for a per diem allowance

 

98.28%

 

1.72%

 

2,328,696,676

 

82.27%

 

0.73%

Special Resolution 3 –

Approval for the Company to grant financial assistance in terms of sections 44 and 45 of the Act

 

 

97.43%

 

2.57%

 

2,341,132,578

 

82.71

 

0.29%

Special Resolution 4 –

Approval for the acquisition of the Company’s own shares

 

80.92%

 

19.8%

 

2,343,471,388

 

82.79%

 

0.21%

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 [email protected] 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: [email protected]

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

 

In Europe:

Swiss Resource Capital AG

Jochen Staiger Marc Ollinger

[email protected]

www.resource-capital.ch

 

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

 

Website: www.sibanyestillwater.com

 

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