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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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