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 19 May 2022 and Changes to the Board and Committees

At the AGM of the shareholders of ArcelorMittal South Africa Limited held on Thursday, 19 May 2022, 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

1 264 587 396

Meeting

Proportion of total voteable shares represented at the General Meeting

88.38%

Ordinary resolution number 1 -Appointment of auditors

For

Against

Abstain

Shares Voted

1 239 125 140

24 444 209

869 894

1 263 569 349

98.07%

1.93%

0.06%

88.31%

Ordinary resolution number 2.1 - Re-election of Ms LC Cele

For

Against

Abstain

Shares Voted

1 262 963 462

141 844

873 921

1 263 105 306

99.99%

0.01%

0.06%

88.28%

Ordinary resolution number 2.2 - Re-election of Ms NP Gosa

For

Against

Abstain

Shares Voted

1 262 386 986

713 595

878 646

1 263 100 581

99.94%

0.06%

0.06%

88.28%

Ordinary resolution number 3.1 - Election of Ms D Earp

For

Against

Abstain

Shares Voted

1 262 383 024

726 282

869 921

1 263 109 306

99.94%

0.06%

0.06%

88.28%

Ordinary resolution number 3.2 - Election of Prof BF Mohale

For

Against

Abstain

Shares Voted

1 262 440 903

664 405

873 919

1 263 105 308

99.95%

0.05%

0.06%

88.28%

Ordinary resolution number 3.3 - Election of Mr AM Thebyane

For

Against

Abstain

Shares Voted

1 262 963 462

141 844

873 921

1 263 105 306

99.99%

0.01%

0.06%

88.28%

Ordinary resolution number 4.1 - Appointment of Ms D Earp as audit and risk committee Member

For

Against

Abstain

Shares Voted

1 262 433 291

671 288

874 648

1 263 104 579

99.95%

0.05%

0.06%

88.28%

Ordinary resolution number 4.2 - Appointment of Ms LC Cele as audit and risk committee member

For

Against

Abstain

Shares Voted

1 263 005 464

99 844

873 919

1 263 105 308

99.99%

0.01%

0.06%

88.28%

Ordinary resolution number 4.3 - Appointment of Mr NF Nicolau as audit and risk

committee member

For

Against

Abstain

Shares Voted

1 262 554 308

555 000

869 919

1 263 109 308

99.96%

0.04%

0.06%

88.28%

Ordinary resolution number 5.1 - Endorsement of remuneration policy

For

Against

Abstain

Shares Voted

1 159 662 620

103 154 342

1 162 265

1 262 816 962

91.83%

8.17%

0.08%

88.26%

Ordinary resolution number 5.2 - Endorsement of the implementation report

For

Against

Abstain

Shares Voted

1 232 786 080

29 306 711

1 886 436

1 262 092 791

97.68%

2.32%

0.13%

88.21%

Special resolution number 1.1 - Approval of non-executive directors' fees - Chairperson (all-in

annual fee)

For

Against

Abstain

Shares Voted

1 235 218 550

27 334 444

1 426 316

1 262 552 994

97.83%

2.17%

0.10%

88.24%

Special resolution number 1.2 - Approval of non-executive directors' fees - Director (annual retainer

and attendance per board meeting)

For

Against

Abstain

Shares Voted

1 261 523 703

1 031 249

1 424 356

1 262 554 952

99.92%

0.08%

0.10%

88.24%

Special resolution number 1.3 - Approval of non-executive directors' fees - Audit and risk committee chairperson

For

Against

Abstain

Shares Voted

1 261 524 470

1 025 755

1 429 083

1 262 550 225

99.92%

0.08%

0.10%

88.24%

Special resolution number 1.4 - Approval of non-executive directors' fees - Audit and risk committee member

For

Against

Abstain

Shares Voted

1 261 524 470

1 030 482

1 424 356

1 262 554 952

99.92%

0.08%

0.10%

88.24%

Special resolution number 1.5 - Approval of non-executive directors' fees - Human resources, remuneration and nominations committee chairperson

For

Against

Abstain

Shares Voted

1 261 529 197

1 025 672

1 424 356

1 262 554 869

99.92%

0.08%

0.10%

88.24%

Special resolution number 1.6 - Approval of non-executive directors' fees - Human resources,

remuneration and nominations committee member

For

Against

Abstain

Shares Voted

1 261 524 470

1 030 399

1 424 356

1 262 554 869

99.92%

0.08%

0.10%

88.24%

Special resolution number 1.7 - Approval of non-executive directors' fees - Transformation, social

and ethics committee chairperson

For

Against

Abstain

Shares Voted

1 261 524 470

1 025 755

1 429 083

1 262 550 225

99.92%

0.08%

0.10%

88.24%

Special resolution number 1.8 - Approval of non-executive directors' fees - Transformation, social

and ethics committee member

For

Against

Abstain

Shares Voted

1 261 524 470

1 030 399

1 424

356

1 262 554 869

99.92%

0.08%

0.10%

88.24%

Special resolution number 1.9 - Approval of non-executive directors' fees - Safety, health and environment committee chairperson

For

Against

Abstain

Shares Voted

1 261 529 197

1 025 755

1 424 356

1 262 554 952

99.92%

0.08%

0.10%

88.24%

Special resolution number 1.10 - Approval of non-executive directors' fees - Safety, health and environment committee member

For

Against

Abstain

Shares Voted

1 261 524 470

1 030 482

1 424 356

1 262 554 952

99.92%

0.08%

0.10%

88.24%

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

1 259 665 810

2 884 332

1 429 083

1 262 550 142

99.77%

0.23%

0.10%

88.24%

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

1 259 665 810

2 889 059

1 424 356

1 262 554 869

99.77%

0.23%

0.10%

88.24%

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

1 261 529 197

1 025 672

1 424 356

1 262 554 869

99.92%

0.08%

0.10%

88.24%

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

1 261 524 470

1 030 399

1 424 356

1 262 554 869

99.92%

0.08%

0.10%

88.24%

Special resolution number 2 - Financial assistance to related or inter-related company

For

Against

Abstain

Shares Voted

1 260 925 944

1 973 662

1 079 621

1 262 899 606

99.84%

0.16%

0.07%

88.26%

Ordinary resolution number 6 - Authority to implement resolutions passed at the annual general meeting

For

Against

Abstain

Shares Voted

1 263 067 579

47 727

863 919

1 263 115 306

100.00%

0.00%

0.06%

88.28%

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

Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Limited ("JSE") on 10 February 2022, advising of the retirement by rotation of Mr. Mpho Makwana and Ms Nomavuso Mnxasana at the AGM on 19 May 2022 along with the appointment of Prof Mohale and Mr Thebyane.

In compliance with paragraph 3.59(b) and (c) as well as 3.84 (c) of the Listings Requirements of the JSE, pursuant to Prof Mohale and Mr Thebyane having been appointed as directors of the Company, shareholders are advised that the board of directors of the Company have on 19 May

2022 appointed with immediate effect:

  • Prof Bonang Mohale as chairperson of the board of directors
  • Ms Dawn Earp as chairperson of the Audit and Risk Committee
  • Mr Abram Thebyane as chairperson of the Human Resources, Remuneration and Nomination Committee

The Board bid farewell to two esteemed directors, Mr Mpho Makwana and Ms Nomavuso Mnxasana who retired by rotation at the AGM. The board of directors and the Company thanks Mr Makwana and Ms Mnxasana for their contribution to the Company over the years.

20 May 2022

Vanderbijlpark Works

For further information please contact:

Mr Tami Didiza: Group Manager: Stakeholder Engagement and 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)

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

ArcelorMittal South Africa Limited published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 15:44:06 UTC.