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ARCELORMITTAL SOUTH AFRICA LIMITED - ACL - Results of the Annual General Meeting held on 30 June 2020

Release Date: 01/07/2020 17:41
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ACL - Results of the Annual General Meeting held on 30 June 2020

ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
Registration Number 1989/002164/06)
Share Code: ACL ISIN: ZAE000134961
(“ArcelorMittal South Africa Limited” or “the Company”)

Results of the Annual General Meeting (AGM) held on 30 June 2020

At the AGM of the shareholders of ArcelorMittal South Africa Limited held on Tuesday, 30 June 2020,
all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority
of votes by shareholders either present virtually or represented by proxy.

The voting results were as follows:

 Total number of shares in issue                                                        1 454 272 184
 Treasury shares (excluded from voting)                                                    23 447 036
 Total number of shares (“voteable shares”)                                             1 430 825 148
 Total number of shares represented (including proxies) at the General                  1 246 729 677
 Meeting
 Proportion of total voteable shares represented at the General Meeting                        87,13%


Ordinary resolution number 1: Reappointment of auditors
Votes Carried as a            Votes Against as a      Total Number of        Votes Abstained at
percentage of the total       percentage of the       Shares Voted (For +    the meeting
number of shares voted        total number of         Against)
at the meeting                shares voted at the
                              meeting

For                           Against                 Total Shares Voted     Abstain
(Number and %)                (Number and %)                                 (Number and %)
965 898 917                   280 536 896             1 246 435 813          293 864

77,49%                        22,51%                  87,11%                 0,02%

Ordinary resolution number   2.1: Re-election of Mr JRD Modise
Votes Carried as a          Votes Against as a       Total Number of         Votes Abstained at
percentage of the total     percentage of the        Shares Voted (For +     the meeting
number of shares voted      total number of          Against)
at the meeting              shares voted at the
                            meeting
For                         Against                  Total Shares Voted      Abstain
(Number and %)              (Number and %)                                   (Number and %)
1 002 734 929               243 753 244              1 246 488 173           241 504

80,44%                      19,56%                   87,12%                  0,02%

Ordinary resolution number 2.2: Re-election of Ms NP Mnxasana
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
1 001 892 531              244 596 117              1 246 488 648            241 029

80,38%                     19,62%                   87,12%                   0,02%

Ordinary resolution number 2.3: Re-election of Ms KMM Musonda
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
1 245 852 756              635 417                  1 246 488 173            241 504

99,95%                     0,05%                    87,12%                   0,02%

Ordinary resolution number 2.4: Re-election of Mr NF Nicolau
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
1 245 983 931              443 417                  1 246 427 348            302 329

99,96%                     0,04%                    87,11%                   0,02%

Ordinary resolution number 3.1: Appointment of Ms LC Cele as audit and
risk committee member
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
1 245 973 272              510 901                  1 246 484 173            245 504

99,96%                     0,04%                    87,12%                   0,02%

Ordinary resolution number 3.2: Appointment of Mr JRD Modise as audit
and risk committee member
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
1 002 610 413              243 873 760              1 246 484 173            245 504

80,44%                     19,56%                   87,12%                   0,02%

Ordinary resolution number 3.3: Appointment of Ms NP Mnxasana as
audit and risk committee member
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
1 001 890 531              244 594 117              1 246 484 648            245 029

80,38%                     19,62%                   87,12%                   0,02%

Non-binding resolution number 4.1: Endorsement of remuneration policy
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
973 705 866                272 722 138              1 246 428 004            301 673

78,12%                     21,88%                   87,11%                   0,02%

Non-binding resolution number 4.2: Endorsement of the implementation
report
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
973 821 150                272 586 426              1 246 407 576            322 101

78,13%                     21,87%                   87,11%                   0,02%


Special resolution number 1.1: Approval of non-executive directors’ fees -
Chairperson (all-in annual fee)
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
973 839 909                272 595 095              1 246 435 004            294 673

78,13%                     21,87%                   87,11%                   0,02%

Special resolution number 1.2: Approval of non-executive directors’ fees -
Director (annual retainer and attendance per board meeting)
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
1 245 814 723              620 161                  1 246 434 884            294 793

99,95%                     0,05%                    87,11%                   0,02%

Special resolution number 1.3: Approval of non-executive directors’ fees -
Audit and risk committee chairperson
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
1 245 827 723              607 161                  1 246 434 884            294 793

99,95%                     0,05%                    87,11%                   0,02%

Special resolution number 1.4: Approval of non-executive directors’ fees -
Audit and risk committee member
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
1 245 829 656              605 161                  1 246 434 817            294 860

99,95%                     0,05%                    87,11%                   0,02%

Special resolution number 1.5: Approval of non-executive directors’ fees -
Human resources, remuneration and nominations committee chairperson
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                   (Number and %)
1 245 829 656              605 161                  1 246 434 817            294 860

99,95%                     0,05%                    87,11%                   0,02%

Special resolution number 1.6: Approval of non-executive directors’ fees -
Human resources, remuneration and nominations committee member
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)

1 245 829 656              605 161                  1 246 434 817            294 860

99,95%                     0,05%                    87,11%                   0,02%

Special resolution number 1.7: Approval of non-executive directors’ fees -
Transformation, social and ethics committee chairperson
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
1 245 829 656              605 161                  1 246 434 817            294 860

99,95%                     0,05%                    87,11%                   0,02%

Special resolution number 1.8: Approval of non-executive directors’ fees -
Transformation, social and ethics committee member
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)

1 245 829 656              605 161                  1 246 434 817            294 860

99,95%                     0,05%                    87,11%                   0,02%

Special resolution number 1.9: Approval of non-executive directors’ fees -
Safety, health and environment committee chairperson
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
1 245 829 656              605 078                  1 246 434 734            294 943

99,95%                     0,05%                    87,11%                   0,02%


Special resolution number 1.10: Approval of non-executive directors’ fees -
Safety, health and environment committee member
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)

1 245 829 656              598 161                  1 246 427 817            301 860
 
99,95%                    0,05%                    87,11%                    0,02%

Special resolution number 1.11: Approval of non-executive directors’ fees -
Any ad hoc or other committee appointed by the board (chairperson)
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)

1 245 827 656              607 161                  1 246 434 817            294 860

99,95%                     0,05%                    87,11%                   0,02%

Special resolution number 1.12: Approval of non-executive directors’ fees -
Any ad hoc or other committee appointed by the board (member)
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
1 245 827 656              607 161                  1 246 434 817            294 860

99,95%                     0,05%                    87,11%                   0,02%

Special resolution number 1.13: Approval of non-executive directors’ fees -
Non-executive director serving as share trust committee chairperson
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                 Total Shares Voted       Abstain
(Number and %)             (Number and %)                                 (Number and %)
1 245 829 656              605 161                  1 246 434 817            294 860

99,95%                     0,05%                    87,11%                   0,02%

Special resolution number 1.14: Approval of non-executive directors’ fees -
Non-executive director serving as share trust committee member
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                   (Number and %)

1 245 829 656              605 161                  1 246 434 817            294 860

99,95%                     0,05%                    87,11%                   0,02%

Special resolution number 2: Financial assistance to related or inter-related
company
Votes Carried as a         Votes Against as a       Total Number of          Votes Abstained at
percentage of the total    percentage of the        Shares Voted (For +      the meeting
number of shares voted     total number of          Against)
at the meeting             shares voted at the
                           meeting
For                        Against                  Total Shares Voted       Abstain
(Number and %)             (Number and %)                                    (Number and %)
1 245 748 649              660 305                  1 246 408 954            320 723

99,95%                     0,05%                    87,11%                   0,02%

Ordinary resolution number 5: Authority to implement resolutions passed
at the annual general meeting 
Votes Carried as a          Votes Against as a      Total Number of          Votes Abstained at
percentage of the total     percentage of the       Shares Voted (For +      the meeting
number of shares voted      total number of         Against)
at the meeting              shares voted at the
                             meeting
For                         Against                 Total Shares Voted       Abstain
(Number and %)              (Number and %)                                   (Number and %)
1 245 976 211               427 054                 1 246 403 265            326 412

99,97%                      0,03%                   87,11%                   0,02%


The percentage calculation for shares voted and votes abstained is based on the voteable shares.

01 July 2020
Vanderbijlpark Works

For further information please contact:
Mr Tami Didiza: Corporate Communications
Tel: (016) 889 4100

Company Secretary: FluidRock Co Sec (Pty) Ltd

Sponsor to ArcelorMittal South Africa Limited
Absa Bank Limited (acting through its Corporate and Investment Banking division)


Date: 01-07-2020 05:41:00
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