Wrap Text
ACL -Results of the Annual General Meeting held on 24 May 2024
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa) (Registration Number 1989/002164/06)
Share Code: ACL
ISIN: ZAE000134961
(ArcelorMittal South Africa or the "Company")
Results of the Annual General Meeting (AGM) held on 24 May 2024
At the AGM of the shareholders of ArcelorMittal South Africa held on Friday, 24 May 2024, 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 issued shares and shares represented at the AGM are set out below.
Ordinary shares 1 138 059 825
A1 ordinary shares 243 240 276
A2 ordinary shares 72 972 083
Total number of shares in issue 1 454 272 184
Treasury (excluded from voting) 23 447 036
Total number of shares represented (including proxies) at the AGM 1 218 221 339
Total number of shares represented (including proxies) at the AGM
as % of voteable shares 85%
The voting results in total is set out below, followed by the voting results on the ordinary shares, A1
ordinary shares, and A2 ordinary shares.
Voting results total:
Ordinary resolution number 1 - Appointment of auditors
For Against Abstain Shares Voted
1 217 878 070 220 342 763 1 217 878 290
100.00% 0.00% 0.02% 85.12%
Ordinary resolution number 2.1 - Re-election of Mr R Karol
For Against Abstain Shares Voted
973 108 501 245 112 456 96 1 218 220 957
79.88% 20.12% 0.00% 85.14%
Ordinary resolution number 2.2 - Re-election of Mr B Davey
For Against Abstain Shares Voted
973 115 346 245 105 611 96 1 218 220 957
79.88% 20.12% 0.00% 85.14%
Ordinary resolution number 2.3 – Re-election of Ms D Earp
For Against Abstain Shares Voted
1 218 220 737 220 96 1 218 220 957
100.00% 0.00% 0.00% 85.14%
1
Ordinary resolution number 3 - Appointment of Executive Director, Mr GA Griffiths
For Against Abstain Shares Voted
1 217 480 756 397 534 342 763 1 217 878 290
99.97% 0,03% 0,02% 85.12%
Ordinary resolution number 4.1 - Election of Ms D Earp as audit and risk committee member
*
For Against Abstain Shares Voted
1 217 878 070 220 342 763 1 217 878 290
100,00% 0,00% 0,02% 85.12%
Ordinary resolution number 4.2 - Appointment of Ms LC Cele as audit and risk committee
member
For Against Abstain Shares Voted
974 637 794 243 240 496 342 763 1 217 878 290
80.03% 19.97% 0.02% 85.12%
Ordinary resolution number 4.3 - Appointment of Mr NF Nicolau as audit and risk
committee member
For Against Abstain Shares Voted
974 637 794 243 583 163 96 1 218 220 957
80.01% 19.99% 0.00% 85.14%
Ordinary resolution number 5.1 - Endorsement of remuneration policy
For Against Abstain Shares Voted
896 113 044 78 524 970 243 583 039 974 638 014
91.94% 8.06% 17.02% 68.12%
Ordinary resolution number 5.2 - Endorsement of the implementation report
For Against Abstain Shares Voted
896 113 044 78 524 970 243 583 039 974 638 014
91.94% 8.06% 17.02% 68.12%
Special resolution number 1.1 - Approval of non-executive directors' fees -
Chairperson (all-in annual fee)
For Against Abstain Shares Voted
972 110 487 245 767 803 342 763 1 217 878 290
79.82% 20.18% 0.02% 85.12%
Special resolution number 1.2 - Approval of non-executive directors' fees - Director
(annual retainer and attendance per board meeting)
For Against Abstain Shares Voted
1 217 878 070 220 342 763 1 217 878 290
100.00% 0.00% 0.02% 85.12%
Special resolution number 1.3 - Approval of non-executive directors' fees - Audit
and risk committee chairperson
For Against Abstain Shares Voted
1 217 878 070 220 342 763 1 217 878 290
100.00% 0.00% 0.02% 85.12%
Special resolution number 1.4 - Approval of non-executive directors' fees - Audit and risk
committee member
For Against Abstain Shares Voted
1 217 878 070 220 342 763 1 217 878 290
100.00% 0.00% 0.02% 85.12%
Special resolution number 1.5 - Approval of non-executive directors' fees - Human
resources committee chairperson
For Against Abstain Shares Voted
1 217 878 070 220 342 763 1 217 878 290
100.00% 0.00% 0.02% 85.12%
Special resolution number 1.6 - Approval of non-executive directors' fees - Human
resources committee member
For Against Abstain Shares Voted
1 217 878 070 220 342 763 1 217 878 290
100.00% 0.00% 0.02% 85.12%
Special resolution number 1.7 - Approval of non-executive directors' fees – Social
and ethics committee chairperson
For Against Abstain Shares Voted
1 217 878 070 220 342 763 1 217 878 290
100.00% 0.00% 0.02% 85.12%
Special resolution number 1.8 - Approval of non-executive directors' fees – Social
and ethics committee member
For Against Abstain Shares Voted
1 217 795 870 82 420 342 763 1 217 878 290
99.99% 0.01% 0.02% 85.12%
Special resolution number 1.9 - Approval of non-executive directors' fees - Safety,
security, health, and environment committee chairperson
For Against 342 763 Shares Voted
1 217 795 870 82 420 0.02% 1 217 878 290
99.99% 0.01% 85.12%
Special resolution number 1.10 - Approval of non-executive directors' fees -
Safety, security, health, and environment committee member
For Against Abstain Shares Voted
1 217 878 070 220 342 763 1 217 878 290
100.00% 0.00% 0.02% 85.12%
Special resolution number 1.11 - Approval of non-executive directors' fees - Any ad hoc or
other committee appointed by the board (chairperson)
For Against Abstain Shares Voted
1 217 878 070 220 342 763 1 217 878 290
100.00% 0.00% 0.02% 85.12%
Special resolution number 1.12 - Approval of non-executive directors' fees - Any
ad hoc or other committee appointed by the board (member)
For Against Abstain Shares Voted
1 217 878 070 220 342 763 1 217 878 290
100.00% 0.00% 0.02% 85.12%
Special resolution number 1.13 - Approval of non-executive directors' fees - Non-
executive director serving as share trust committee chairperson
For Against Abstain Shares Voted
1 217 878 070 220 342 763 1 217 878 290
100.00% 0.00% 0.02% 85.12%
Special resolution number 1.14 - Approval of non-executive directors' fees - Non-
executive director serving as share trust committee member
For Against Abstain Shares Voted
1 217 878 070 220 342 763 1 217 878 290
100.00% 0.00% 0.02% 85.12%
Special resolution number 2 - Financial assistance to related or inter-related company
For Against Abstain Shares Voted
1 215 350 763 2 870 194 96 1 218 220 957
99.76% 0.24% 0.00% 85.14%
Ordinary resolution number 6 - Authority to implement resolutions passed at the
annual general meeting.
For Against Abstain Shares Voted
1 217 878 070 220 342 763 1 217 878 290
100.00% 0.00% 0.02% 85.12%
(The percentage calculations above are based on the voteable shares (in respect of the shares
voted and abstentions) and a percentage of the shares voted (in respect of the for and against
votes).
Voting results A1 ordinary shares
Ordinary resolution 1 – Appointment of auditors
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution 2.1 – Re-election of Mr R Karol
For Against Abstain Shares voted
- 243 240 276 - 243 240 276
0,00% 100,00% 0,00% 100,00%
Ordinary resolution 2.2 – Re-election of Mr B Davey
For Against Abstain Shares voted
- 243 240 276 - 243 240 276
0,00% 100,00% 0,00% 100,00%
Ordinary resolution 2.3 – Re-election of Ms D Earp
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 3 - Appointment of Executive Director, Mr GA Griffiths
For Against Abstain Shares voted
243 240 276 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.1 -Election of Ms D Earp as audit and risk committee member
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.2 - Election of Ms LC Cele as audit and risk committee member
For Against Abstain Shares voted
- 243 240 276 - 243 240 276
0,00% 100,00% 0,00% 100,00%
Ordinary resolution number 4.3 - Election of Mr NF Nicolau as audit and risk committee member
For Against Abstain Shares voted
- 243 240 276 - 243 240 276
0,00% 100,00% 0,00% 100,00%
Non-binding resolution number 5.1 - Endorsement of remuneration policy
For Against Abstain Shares voted
- - 243 240 276 243 240 276
0,00% 0,00% 0,00% 100,00%
Non-binding resolution number 5.2 - Endorsement of the implementation report
For Against Abstain Shares voted
- - 243 240 276 243 240 276
0,00% 0,00% 100,00% 100,00%
Special resolution number 1: Approval of non-executive directors' fees
Chairperson (all-in annual fee)
For Against Abstain Shares voted
- 243 240 276 - 243 240 276
0,00% 0,00% 0,00% 100,00%
Director (annual retainer and attendance per board meeting)
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Audit and risk committee chairperson.
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Audit and risk committee member.
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Human resources committee chairperson
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Human resources committee member
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Social and ethics committee chairperson
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Social and ethics committee member
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Safety, security, health, and environment committee chairperson
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Safety, security, health, and environment committee member
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 0100,00%
Any ad hoc or other committee appointed by the board (chairperson)
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Any ad hoc or other committee appointed by the board (member)
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Non-executive director serving as share trust committee chairperson.
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 0100,00%
Non-executive director serving as share trust committee member.
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Special resolution number 2: Financial assistance to related or inter- related company
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 6: Authority to implement resolutions passed at the annual general
meeting.
For Against Abstain Shares voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 0100,00%
(The percentage calculations above are based on the voteable shares ( in respect of the shares voted and
abstentions) and a percentage of the shares voted ( in respect of the for and against votes).
Voting results A 2 ordinary shares
Ordinary resolution number 1 - Appointment of auditors
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 2.1 - Re-election of Mr R Karol
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 2.2 - Re-election of Mr B Davey
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 2.3 - Re-election of Ms D Earp
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 3 - Appointment of Executive Director, Mr GA Griffiths
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.1 - Election of Ms D Earp as audit and risk committee member *
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.2 - Election of Ms LC Cele as audit and risk committee member
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.3 - Election of Mr NF Nicolau as audit and risk committee member
For Against Abstain Shares voted
72 972 083- 72 972 083 - 72 972 083
100,00% 0,00% 0,00% 100,00%
Non-binding resolution number 5.1 - Endorsement of remuneration policy
For Against Abstain Shares voted
- 72 972 083 - 72 972 083
0,00% 100,00% 0,00% 100,00%
Non-binding resolution number 5.2 - Endorsement of the implementation report
For Against Abstain Shares voted
72 972 083 - 72 972 083
0,00% 100,00% 0,00% 100,00%
Special resolution number 1 - Approval of non-executive directors' fees
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Chairperson (all-in annual fee)
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Director (annual retainer and attendance per board meeting)
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Audit and risk committee chairperson.
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Audit and risk committee member.
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Human resources committee chairperson
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Human resources committee member
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Social and ethics committee chairperson
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Social and ethics committee member
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Safety, security, health, and environment committee chairperson
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Safety, security, health, and environment committee member
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Any ad hoc or other committee appointed by the board (chairperson)
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Any ad hoc or other committee appointed by the board (member)
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Non-executive director serving as share trust committee chairperson.
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Non-executive director serving as share trust committee member.
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Special resolution number 2 - Financial assistance to related or inter- related company
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 6 - Authority to implement resolutions passed at the annual general
meeting.
For Against Abstain Shares voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
(The percentage calculations above are based on the voteable shares (in respect of the shares voted and
abstentions) and a percentage of the shares voted (in respect of the for and against votes).
Shareholders are reminded that as set out in the AGM Notice, Ms N Gosa and Mr A Thebyane who retired by
8
rotation at the AGM had indicated that they will not be available for re-election and have accordingly stepped
down as directors of the Company.
The board of directors and the Company thank Ms Gosa and Mr Thebyane for their contribution to the Company
over the years.
27 May 2024
Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 27-05-2024 05:49:00
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