6th Jun 2025 10:00
THUNGELA RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2021/303811/06)
JSE Share Code: TGA
LSE Share Code: TGA
ISIN: ZAE000296554
Tax number: 9111917259
('Company' or 'Thungela Resources')
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the annual general meeting ("AGM") of the shareholders of Thungela Resources held on Thursday, 5 June 2025, all the ordinary and special resolutions proposed at the AGM were approved by the requisite majority of votes.
In this regard, the Company confirms the voting statistics from the AGM as follows:
Resolutions | Votes cast disclosed as a percentage in relation to the total number of shares voted at the meeting
| Number of shares voted | Shares voted disclosed as a percentage in relation to the total issued shares*
| Shares abstained disclosed as a percentage in relation to the total issued shares*
| |
For | Against | ||||
Ordinary resolutions: | |||||
1. Re-appointment of the independent external auditor | 99,93% | 0,07% | 71 250 418 | 50,71% | 0,01% |
2.1 Re-election of retiring director: Ms KW Mzondeki | 98,54% | 1,46% | 71 247 398 | 50,71% | 0,01% |
2.2 Re-election of retiring director: Mr SG French | 91,47% | 8,53% | 71 250 075 | 50,71% | 0,01% |
2.3 Appointment and election of retiring director: Mr TD McKeith | 90,72% | 9,28% | 71 241 752 | 50,71% | 0,01% |
3.1 Election of audit committee member: KW Mzondeki | 99,62% | 0,38% | 71 247 790 | 50,71% | 0,01% |
3.2 Election of audit committee member: Mr TD McKeith | 90,97% | 9,03% | 71 239 861 | 50,71% | 0,02% |
3.3 Election of audit committee member: BM Kodisang | 99,04% | 0,96% | 71 247 864 | 50,71% | 0,01% |
4.1 Election of social, ethics and transformation member: Mr TD McKeith | 91,82% | 8,18% | 71 239 397 | 50,71% | 0,02% |
4.2 Election of social, ethics and transformation member: Ms YN Jekwa | 99,98% | 0,02% | 71 248 203 | 50,71% | 0,01% |
4.3 Election of social, ethics and transformation member: Mr J Ndlovu | 99,86% | 0,14% | 71 249 109 | 50,71% | 0,01% |
5.1 Non-binding advisory vote on the remuneration policy | 94,01% | 5,99% | 71 244 731 | 50,71% | 0,01% |
5.2 Non-binding advisory vote on the implementation report | 61,30% | 38,70% | 71 214 315 | 50,69% | 0,03% |
6. General authority for directors to allot and issue ordinary shares | 82,48% | 17,52% | 71 244 671 | 50,71% | 0,01% |
7. Authorisation to sign documents to give effect to resolutions | 99,98% | 0,02% | 71 249 993 | 50,71% | 0,01% |
Special Resolutions: | |||||
1. General authority to acquire the Company's own ordinary shares | 99,98% | 0,02% | 71 219 932 | 50,69% | 0,03% |
2. Remuneration payable to non-executive directors | 99,66% | 0,34% | 71 245 569 | 50,71% | 0,01% |
3. Granting of financial assistance in terms of sections 44 and 45 of the Companies Act of South Africa | 99,30% | 0,70% | 71 249 585 | 50,71% | 0,01% |
\* Total issued shares are 140 492 585
Shareholder engagement
Shareholders are advised that, due to Ordinary Resolution Number 5.2, relating to the non-binding advisory vote on the implementation of the remuneration policy, being voted against by more than 25% of shareholders present in person or represented by proxy at the AGM, dissenting shareholders are invited to engage with the Company, as required by the JSE Limited Listings Requirements:
1. all dissenting shareholders who voted against the implementation of the remuneration policy are requested to please register their interest for engagement with the Company by emailing the company secretary at [email protected], by no later than close of business on Thursday, 31 July 2025; and
2. dissenting shareholders are further invited to forward their concerns/questions on the remuneration policy's implementation report to the company secretary in writing by close of business on Thursday, 31 July 2025.
Once Thungela Resources receives such interest for engagement, it will arrange engagements to discuss any concerns, questions or recommendations on the remuneration policy's implementation report.
The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
6 June 2025
Johannesburg
Company Secretary
Tovi Ellis
Email: [email protected]
Investor Relations
Hugo Nunes
Email: [email protected]
Shreshini Singh
Email: [email protected]
Media
Hulisani Rasivhaga
Email: [email protected]
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
UK Financial adviser and corporate broker
Panmure Liberum Capital Limited
Tel: +44 20 3100 2000
Related Shares:
Thungela Resources