REG - Thungela Resources - Result of AGM

Thungela ResourcesAnnouncement

06/06/2025 10:00

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RNS Number : 7877L  Thungela Resources Limited  06 June 2025

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      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
                                                                                voted at the meeting
                                                                               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    99,30%                                    0,70%                                     71 249 585                         50,71%                                                                          0,01%
 Companies Act of South Africa

 

*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
coseccoalsa@thungela.com (mailto:coseccoalsa@thungela.com) , 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: coseccoalsa@thungela.com (mailto:coseccoalsa@thungela.com)

 

Investor Relations

Hugo Nunes

Email: hugo.nunes@thungela.com

Shreshini Singh

Email: shreshini.singh@thungela.com

 

Media

Hulisani Rasivhaga

Email: hulisani.rasivhaga@thungela.com

 

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

 

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