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MERAFE RESOURCES LIMITED - Results of the annual general meeting

Release Date: 18/05/2022 13:49
Code(s): MRF     PDF:  
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Results of the annual general meeting

Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE 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 22 March 2022 and tabled at the
Company’s AGM held at 11:00 on Wednesday, 18 May 2022 were passed by the requisite majority of votes
cast by Shareholders.

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:        1 878 150 157          75.15%          99.99%          0.01%           0.09%
 Adoption of the Group
 audited annual financial
 statements for the year
 ended 31 December 2021

 Ordinary resolution 2.1:      1 878 150 157          75.15%          95.15%          4.85%           0.09%
 Re-election of Mr Abiel
 Mngomezulu as a director
 of the Company

 Ordinary resolution 2.2:      1 878 150 157          75.15%          97.97%          2.03%           0.09%
 Re-election of Mr Jeffrey
 Mclaughlan as a director
 of the Company

 Ordinary resolution 2.3:      1 878 150 157          75.15%          97.95%          2.05%           0.09%
 Re-election of Mr Katlego
 Tlale as a director of the
 Company

 Ordinary resolution 3.1:      1 878 290 157          75.16%          99.92%          0.08%           0.08%
 Appointment of Ms
 Nonhlanhla Mabusela-
 Aikhuere as a director of
 the Company

 Ordinary resolution 3.2:      1 878 289 107          75.16%          99.93%          0.07%           0.08%
 Appointment of Mr David
 McGluwa as a director of
 the Company

 Ordinary resolution 3.3:      1 878 150 157          75.15%           99.93%         0.07%           0.09%
 Appointment of Mr Daniel
 Green as a director of the
 Company

 Ordinary resolution 4.1:      1 878 150 157          75.15%           97.97%         2.03%           0.09%
 Re-appointment of Mr
 Katlego Tlale as a
 member of the Audit and
 Risk Committee

 Ordinary resolution 4.2:      1 878 150 157          75.15%           91.20%         8.80%           0.09%
 Re-appointment of Ms
 Matsotso Vuso as a
 member of the Audit and
 Risk Committee

 Ordinary resolution 4.3:       1 878 150 157         75.15%           97.96%         2.04%           0.09%
 Appointment of Ms
 Nonhlanhla Mabusela-
 Aikhuere as a member of
 the Audit and Risk
 Committee

 Ordinary resolution 5:         1 878 210 741         75.15%           99.55%         0.45%           0.09%
 Re-appointment of
 Deloitte and Touche Inc.
 as the external registered
 auditors of the Company
 and Ms Carmeni Naidoo
 Bester as the designated
 audit partner

 Ordinary resolution 6:         1 878 210 741         75.15%           99.99%         0.01%           0.09%
 Authority to sign all
 documents required to
 give effect to all the
 resolutions contained in
 the notice of AGM

 Ordinary resolution 7.1:       1 877 360 157         75.12%           96.20%        3.80%            0.12%
 Non-binding advisory vote
 on the Company’s
 remuneration policy

 Ordinary resolution 7.2:       1 877 360 157         75.12%           96.45%        3.55%            0.12%
 Non-binding advisory vote
 on the Company’s
 remuneration
 implementation report

 Special resolution 1.1:        1 876 984 157         75.11%           99.73%        0.27%            0.14%
 Approval of non-executive
 directors’ fees – Board
 chairperson

 Special resolution 1.2:        1 876 984 157         75.11%           99.73%        0.27%            0.14%
 Approval of non-executive
 directors’ fees – Board
 member

 Special resolution 1.3:        1 876 984 157         75.11%           97.71%        2.29%            0.14%
 Approval of non-executive
 directors’ fees – Audit and
 Risk Committee chairperson
 

 Special resolution 1.4:        1 876 984 157         75.11%           97.72%        2.28%            0.14%
 Approval of non-executive
 directors’ fees – Audit and
 Risk Committee member

 Special resolution 1.5:        1 876 984 157         75.11%           99.73%        0.27%            0.14%
 Approval of non-executive
 directors’ fees –
 Remuneration and
 Nomination Committee
 chairperson

 Special resolution 1.6:        1 876 984 157         75.11%           99.73%        0.27%            0.14%
 Approval of non-executive
 directors’ fees –
 Remuneration and
 Nomination Committee
 member

 Special resolution 1.7:        1 877 124 157         75.11%           99.73%        0.27%            0.13%
 Approval of non-executive
 directors’ fees – Social,
 Ethics and Transformation
 Committee chairperson

 Special resolution 1.8:        1 877 144 157         75.11%           99.73%        0.27%            0.13%
 Approval of non-executive
 directors’ fees – Social,
 Ethics and Transformation
 Committee member

 Special resolution 2:          1 877 312 457         75.12%           97.48%        2.52%            0.12%
 Loans or other financial
 assistance to related or
 inter-related companies

 Special resolution 3:          1 878 210 741         75.15%           99.26%        0.74%            0.09%
 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” for 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.


Sandton
18 May 2022

Sponsor
One Capital




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Date: 18-05-2022 01:49:00
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