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HULAMIN LIMITED - Results of the Annual General Meeting

Release Date: 31/07/2020 17:33:00      Code(s): HLM       PDF(s):  
Results of the Annual General Meeting

 HULAMIN LIMITED
 Incorporated in the Republic of South Africa
 (Registration number 1940/013924/06)
 ISIN: ZAE000096210
 JSE Code: HLM
 (“Hulamin” or “the Company”)

 RESULTS OF THE ANNUAL GENERAL MEETING

 Hulamin shareholders are advised that, at the Annual General Meeting of the Company held on Thursday, 30 July 2020, all the ordinary and special resolutions including
 the non-binding advisory votes proposed thereat were approved by the requisite majority of votes as set out below.

 As at Friday, 24 July 2020, being the Voting Record Date, Hulamin had 319 596 836 listed ordinary shares, 31 477 333 unlisted ordinary “A” shares and 36 072 000 unlisted
 ordinary “B” shares in issue.

 The total number of listed ordinary shares, unlisted ordinary “A” shares and unlisted ordinary “B” shares voted in person or by proxy at the Annual General Meeting
 were 179 393 715, 31 477 333 and 36 072 000, respectively, representing 56%, 100% and 100% of the Hulamin issued listed ordinary shares, unlisted ordinary “A” shares
 and unlisted ordinary “B” shares, respectively.

 Ordinary resolution number 1
 Authorising the directors to appoint Ernst & Young as the independent registered auditors of the Company who will undertake the audit of the Company for the ensuing
 year, with Mr Sifiso Sithebe as the individual designated auditor of the Company

              Listed Ordinary Shares                       Unlisted Ordinary “A” Shares                     Unlisted Ordinary “B” Shares                     Combined All Classes of Shares
     Voted               For    Against   Abstain      Voted            For    Against    Abstain       Voted           For    Against     Abstain        Voted            For    Against     Abstain
(Number and              (%)        (%)      (%)1    (Number            (%)        (%)       (%)2     (Number           (%)        (%)        (%)3   (Number and           (%)        (%)        (%)4
        %1)                                           and %2)                                          and %3)                                               %4)
179 335 486     178 937 854    397 632    58 229    31 477 333   31 477 333          0         0    36 072 000   36 072 000          0          0    246 884 819   246 487 187    397 632     58 229
     56.11%          99.78%      0.22%     0.02%         100%         100%                             100%           100%                                63.77%        99.84%      0.16%      0.02%
   
 Ordinary resolution number 2.1
 Re-election of Mr AP Krull as an executive director who retires in accordance with Article 33.11 of the Company’s Memorandum of Incorporation
              Listed Ordinary Shares                            Unlisted Ordinary “A” Shares                                   Unlisted Ordinary “B” Shares                                Combined All Classes of Shares
     Voted              For    Against      Abstain          Voted           For Against             Abstain              Voted             For    Against          Abstain             Voted              For     Against   Abstain
   (Number              (%)        (%)         (%)1        (Number           (%)        (%)             (%)2            (Number             (%)        (%)             (%)3        (Number and             (%)         (%)      (%)4
    and %1)                                                 and %2)                                                      and %3)                                                           %4)
179 336 219    178 944 074     392 145      57 496       31 477 333     31 477 333         0              0            36 072 000      36 072 000           0            0          246 885 552    246 493 407    392 145    57 496
     56.11%         99.78%       0.22%       0.02%            100%           100%                                           100%            100%                                         63.77%         99.84%      0.16%     0.01%


 Ordinary resolution number 2.2
 Re-election of Mr RL Larson as an independent non-executive director who retires in accordance with Article 33.11 of the Company’s Memorandum of Incorporation
               Listed Ordinary Shares                             Unlisted Ordinary “A” Shares                                   Unlisted Ordinary “B” Shares                               Combined All Classes of Shares
     Voted              For       Against      Abstain         Voted           For    Against           Abstain              Voted            For    Against          Abstain            Voted            For     Against    Abstain
   (Number              (%)           (%)         (%)1       (Number           (%)        (%)              (%)2            (Number            (%)        (%)             (%)3       (Number and           (%)         (%)       (%)4
    and %1)                                                   and %2)                                                       and %3)                                                         %4)
179 326 969    178 495 432       831 537        66 746     31 477 333     31 477 333             0                 0     36 072 000       36 072 000            0              0     246 876 302   246 044 765    831 537     66 746
56.11%              99.54%         0.46%         0.02%          100%           100%                                           100%             100%                                       63.77%        99.66%      0.34%      0.02%

 Ordinary resolution number 2.3
 Re-election of Dr B Mehlomakulu as an independent non-executive director who retires in accordance with Article 33.11 of the Company’s Memorandum of Incorporation
              Listed Ordinary Shares                            Unlisted Ordinary “A” Shares                                    Unlisted Ordinary “B” Shares                                Combined All Classes of Shares
     Voted              For    Against      Abstain         Voted              For     Against        Abstain              Voted                For    Against       Abstain            Voted              For    Against    Abstain
   (Number              (%)        (%)         (%)1       (Number              (%)         (%)           (%)2            (Number                (%)        (%)          (%)3       (Number and             (%)        (%)       (%)4
    and %1)                                                and %2)                                                        and %3)                                                          %4)
179 326 969    178 478 763     848 206      66 746       31 477 333     31 477 333          0                  0        36 072 000       36 072 000             0             0     246 876 302    246 028 096   848 206     66 746
     56.11%         99.53%       0.47%       0.02%            100%           100%                                            100%             100%                                       63.77%          99.66     0.34%      0.02%

 Ordinary resolution number 3.1
 Election of Mr N Maharajh as a member and the chairman of the group Audit Committee
              Listed Ordinary Shares                              Unlisted Ordinary “A” Shares                                      Unlisted Ordinary “B” Shares                            Combined All Classes of Shares
     Voted               For    Against      Abstain         Voted              For     Against        Abstain              Voted               For    Against       Abstain            Voted              For     Against   Abstain
   (Number               (%)        (%)         (%)1       (Number              (%)         (%)           (%)2            (Number               (%)        (%)          (%)3       (Number and             (%)         (%)      (%)4
    and %1)                                                 and %2)                                                        and %3)                                                         %4)
179 326 969     178 581 006     745 963       66 746     31 477 333      31 477 333            0               0        36 072 000       36 072 000             0             0    246 876 302     246 130 339    745 963    66 746
     56.11%          99.58%       0.42%        0.02%          100%            100%                                           100%             100%                                      63.77%          99.70%      0.30%     0.02%
          
 Ordinary resolution number 3.2

 Election of Mr CA Boles as a member of the group Audit Committee
               Listed Ordinary Shares                             Unlisted Ordinary “A” Shares                               Unlisted Ordinary “B” Shares                              Combined All Classes of Shares
     Voted                For     Against     Abstain         Voted            For    Against          Abstain           Voted            For    Against         Abstain           Voted            For      Against     Abstain
(Number and               (%)         (%)        (%)1    (Number and           (%)        (%)             (%)2         (Number            (%)        (%)            (%)3         (Number            (%)           (%)       (%)4
        %1)                                                       %2)                                                   and %3)                                                   and %4)
179 326 969      178 575 688      751 281      66 746      31 477 333      31 477 333            0             0     36 072 000      36 072 000            0             0     246 876 302    246 125 021     751 281    66 746
  56.11%              99.58%        0.42%       0.02%           100%            100%                                      100%            100%                                      63.77%         99.70%       0.30%     0.02%

 Ordinary resolution number 3.3
 Election of Dr B Mehlomakulu as a member of the group Audit Committee
              Listed Ordinary Shares                            Unlisted Ordinary “A” Shares                              Unlisted Ordinary “B” Shares                                Combined All Classes of Shares
    Voted              For      Against      Abstain        Voted             For Against            Abstain          Voted            For Against             Abstain            Voted            For         Against   Abstain
  (Number              (%)          (%)         (%)1      (Number             (%)       (%)             (%)2        (Number            (%)        (%)             (%)3       (Number and           (%)             (%)      (%)4
   and %1)                                                 and %2)                                                   and %3)                                                         %4)
179 325 486    178 570 455      755 031      68 229      31 477 333      31 477 333          0            0        36 072 000      36 072 000          0            0        246 874 819     246 119 788      755 031     68 229
     56.11%         99.58%        0.42%       0.02%           100%            100%                                      100%            100%                                      63.77%          99.69%        0.31%      0.02%

 Special resolution number 1
 Approval of the non-executive directors’ fees
               Listed Ordinary Shares                                 Unlisted Ordinary “A” Shares                              Unlisted Ordinary “B” Shares                           Combined All Classes of Shares
     Voted              For        Against     Abstain         Voted               For   Against       Abstain           Voted               For   Against       Abstain           Voted              For      Against   Abstain
   (Number              (%)            (%)        (%)1       (Number               (%)       (%)          (%)2         (Number               (%)       (%)          (%)3         (Number              (%)          (%)      (%)4
    and %1)                                                   and %2)                                                   and %3)                                                   and %4)
179 301 435     153 188 106     26 113 329      92 280     31 477 333      31 477 333            0             0     36 072 000      36 072 000            0             0    246 850 768     220 737 439   26 113 329    92 280
     56.10%          85.44%         14.56%       0.03%          100%            100%                                      100%            100%                                     63.76%          89.42%       10.58%     0.02%
     
 Special resolution number 2
 Provision of financial assistance in terms of the Companies Act
                Listed Ordinary Shares                               Unlisted Ordinary “A” Shares                               Unlisted Ordinary “B” Shares                         Combined All Classes of Shares
    Voted                For          Against      Abstain       Voted            For    Against          Abstain          Voted              For Against       Abstain         Voted             For        Against   Abstain
  (Number                (%)              (%)         (%)1     (Number            (%)        (%)             (%)2        (Number              (%)        (%)       (%)3       (Number             (%)            (%)      (%)4
   and %1)                                                      and %2)                                                   and %3)                                              and %4)
178 938 685     178 538 174           400 511      455 030    31 477 333     31 477 333          0             0        36 072 000     36 072 000         0           0    246 488 018   246 087 507        400 511    455 030
     55.99%          99.78%             0.22%        0.14%         100%           100%                                       100%           100%                                63.67%        99.84%          0.16%      0.12%

 Special resolution number 3
 General authority to repurchase shares in the Company
                 Listed Ordinary Shares                                Unlisted Ordinary “A” Shares                              Unlisted Ordinary “B” Shares                        Combined All Classes of Shares
       Voted                    For     Against     Abstain       Voted               For    Against       Abstain          Voted            For    Against     Abstain         Voted             For      Against     Abstain
  (Number and                   (%)         (%)        (%)1     (Number               (%)        (%)          (%)2        (Number            (%)        (%)        (%)3       (Number             (%)          (%)        (%)4
          %1)                                                    and %2)                                                   and %3)                                             and %4)
   179 329 748       178 684 886        644 862     63 967     31 477 333      31 477 333            0              0   36 072 000    36 072 000          0           0    246 879 081   246 234 219      644 862       63 967
        56.11%            99.64%          0.36%      0.02%          100%            100%                                     100%          100%                                 63.77%        99.74%        0.26%        0.02%

 Non-binding advisory vote – Remuneration policy
                 Listed Ordinary Shares                               Unlisted Ordinary “A” Shares                              Unlisted Ordinary “B” Shares                        Combined All Classes of Shares
     Voted                For            Against    Abstain        Voted             For    Against       Abstain          Voted             For    Against     Abstain        Voted              For       Against    Abstain
(Number and               (%)                (%)       (%)1      (Number             (%)        (%)          (%)2        (Number             (%)        (%)        (%)3      (Number              (%)           (%)       (%)4
        %1)                                                       and %2)                                                 and %3)                                             and %4)
 179 312 969     169 198 978          10 113 991     80 746    31 477 333     31 477 333         0             0        36 072 000    36 072 000         0           0     246 862 302   236 748 311     10 113 991     80 746
      56.11%          94.36%               5.64%      0.03%         100%           100%                                      100%          100%                                 63.76%        95.90%          4.10%      0.02%

 Non-binding advisory vote – Implementation report
                 Listed Ordinary Shares                                Unlisted Ordinary “A” Shares                              Unlisted Ordinary “B” Shares                        Combined All Classes of Shares
      Voted                For          Against    Abstain         Voted              For    Against       Abstain           Voted            For    Against     Abstain        Voted             For      Against     Abstain
 (Number and               (%)              (%)       (%)1    (Number and             (%)        (%)          (%)2         (Number            (%)        (%)        (%)3      (Number             (%)          (%)        (%)4
         %1)                                                          %2)                                                   and %3)                                            and %4)
  178 938 736      169 336 897        9 601 839    454 979      31 477 333     31 477 333             0             0    36 072 000    36 072 000         0           0    246 488 069   236 886 230     9 601 839     454 979
       55.99%           94.63%            5.37%      0.14%           100%           100%                                      100%          100%                                63.67%        96.10%         3.90%       0.12%

Notes:
1. Expressed as a percentage of 319 596 836 Hulamin listed ordinary shares in issue as at the Voting Record Date.
2. Expressed as a percentage of 31 477 333 Hulamin unlisted ordinary “A” shares in issue as at the Voting Record Date.
3. Expressed as a percentage of 36 072 000 Hulamin unlisted ordinary “B” shares in issue as at the Voting Record Date.
4. Expressed as a percentage of 387 146 169 Hulamin total shares in issue (all classes combined) as at the Voting Record Date.


Pietermaritzburg
31 July 2020

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 31-07-2020 05:33:00
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