To view the PDF file, sign up for a MySharenet subscription.

MERAFE RESOURCES LIMITED - Results of the annual general meeting

Release Date: 15/05/2024 16:40
Code(s): MRF     PDF:  
Wrap Text
Results of the annual general meeting

Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE and A2X share code: MRF
ISIN: ZAE000060000
("Merafe" or the "Company" or the "Group")

RESULTS OF THE ANNUAL GENERAL MEETING

Merafe is pleased to advise its shareholders ("Shareholders") that all the ordinary and special resolutions
proposed in the notice of the annual general meeting ("AGM") dated 15 March 2024 and tabled at the
Company's AGM held at 11:00 today, 15 May 2024 were passed by the requisite majority of votes cast by
Shareholders present or represented by proxy.

The voting results with respect to the resolutions were as follows:

 Resolutions                       Number of      Percentage      Percentage     Percentage     Abstentions
                                shares voted       of shares       of shares      of shares
                                                       voted           voted          voted
                                                                       "For"      "Against"

 Ordinary resolution 1:        1 802 328 253          72.12%          99.99%          0.01%           0.04%
 Adoption of the Group
 audited annual financial
 statements for the year
 ended 31 December 2023

 Ordinary resolution 2.1:      1 803 350 307          72.16%          99.95%          0.05%           0.00%
 Re-election of Mr Daniel
 Green as a director of the
 Company

 Ordinary resolution 2.2:      1 803 350 307          72.16%          99.99%          0.01%           0.00%
 Re-election of Mr
 David McGluwa as a
 director of the Company

 Ordinary resolution 3:        1 803 299 226          72.16%          99.99%          0.01%           0.00%
 Confirmation of
 appointment of Mr
 Stephen Phiri as a
 director of the Company

 Ordinary resolution 4.1:      1 803 299 226          72.16%          92.93%          7.07%           0.00%
 Election of Ms Matsotso
 Vuso as a member of the
 Audit and Risk Committee

 Ordinary resolution 4.2:      1 803 299 226          72.16%          99.97%          0.03%           0.00%
 Election of Mr Katlego
 Tlale as a member of the
 Audit and Risk Committee

 Ordinary resolution 4.3:      1 803 299 226          72.16%          99.99%          0.01%           0.00%
 Election of Ms Nonhlanhla
 Mabusela-Aikhuere as a
 member of the Audit and
 Risk Committee

 Ordinary resolution 5:        1 803 350 307          72.16%          99.28%          0.72%           0.00%
 Re-appointment of
 Deloitte and Touche Inc.
 as the external registered
 auditors of the Company
 and Ms Tumellano
 Lavhengwa as the
 designated audit partner

 Ordinary resolution 6:        1 803 299 226          72.16%          99.91%          0.09%           0.00%
 Authority to sign all
 documents required to
 give effect to all the
 resolutions contained in
 the notice of AGM

 Ordinary resolution 7.1:      1 802 561 226          72.13%          97.55%          2.45%           0.03%
 Non-binding advisory vote
 on the Company's
 remuneration policy

 Ordinary resolution 7.2:      1 802 549 026          72.13%          97.55%          2.45%           0.03%
 Non-binding advisory vote
 on the Company's
 remuneration
 implementation report

 Special resolution 1.1:       1 803 311 026          72.16%          99.99%          0.01%           0.00%
 Approval of non-executive
 directors' fees –
 Chairperson of the board
 of directors of Merafe
 ("Board")

 Special resolution 1.2:       1 803 299 026          72.16%          99.99%          0.01%           0.00%
 Approval of non-executive
 directors' fees – Board
 member

 Special resolution 1.3:       1 803 311 026          72.16%          99.99%          0.01%           0.00%
 Approval of non-executive
 directors' fees – Audit and
 Risk Committee
 chairperson

 Special resolution 1.4:       1 803 311 026          72.16%          99.99%          0.01%           0.00%
 Approval of non-executive
 directors' fees – Audit and
 Risk Committee member

 Special resolution 1.5:       1 803 311 026          72.16%          99.99%          0.01%           0.00%
 Approval of non-executive
 directors' fees –
 Remuneration and
 Nomination Committee
 chairperson

 Special resolution 1.6:       1 803 311 026          72.16%          99.99%          0.01%           0.00%
 Approval of non-executive
 directors' fees –
 Remuneration and
 Nomination Committee
 member

 Special resolution 1.7:       1 803 311 026          72.16%          99.99%          0.01%           0.00%
 Approval of non-executive
 directors' fees – Social,
 Ethics and Transformation
 Committee chairperson

 Special resolution 1.8:       1 803 311 026          72.16%          99.99%          0.01%           0.00%
 Approval of non-executive
 directors' fees – Social,
 Ethics and Transformation
 Committee member

 Special resolution 2:         1 803 350 107          72.16%          99.43%          0.57%           0.00%
 Loans or other financial
 assistance to related or
 inter-related companies

 Special resolution 3:         1 803 362 107          72.16%          99.73%          0.27%           0.00%
 General authority to
 repurchase Company
 shares

Notes:
-    Percentages of shares voted are calculated in relation to the total issued share capital of Merafe.
-    Percentages of shares voted "For" and "Against" each resolution are calculated in relation to the total
     number of shares voted in respect of such resolution.
-    Abstentions are calculated as a percentage in relation to the total issued share capital of Merafe.

Abiel Mngomezulu, Merafe's outgoing chairman, commented "This is my last Merafe AGM. I have served
on the Board since September 2010 and as chairman since May 2019 and it is the right time for me to step
down. I am handing over the baton to the capable hands of Steve Phiri. I wish to thank management and
my fellow directors for their support and contributions over the years."

Zanele Matlala, Merafe's Chief Executive Officer, commented "On behalf of the Board, I would like to thank
Mr Mngomezulu for his unstinting service as a Board member and chairman and wish him well for the
future. At the same time, I would like to welcome Steve as chairman and look forward to working with him
going forward."


Sandton
15 May 2024

Sponsor
One Capital

Date: 15-05-2024 04:40:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.