Thungela Resources Limited Result of AGM (3792B)

TIDMTGA

RNS Number : 3792B

Thungela Resources Limited

01 June 2023

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 Wednesday, 31 May 2023, all the ordinary and special resolutions proposed at the AGM were approved by the requisite majority of votes, save for ordinary resolution number 5 relating to the general authority for directors to allot and issue shares, which was withdrawn. In this regard, the Company confirms the voting statistics from the AGM as follows:

 
 Resolutions                             Votes cast disclosed          Number      Shares voted     Shares abstained 
                                      as a percentage in relation     of shares     disclosed as      disclosed as 
                                        to the total number of          voted       a percentage      a percentage 
                                      shares voted at the meeting                   in relation        in relation 
                                                                                    to the total      to the total 
                                                                                   issued shares*    issued shares* 
                                    For              Against 
                                   ---------------  -------------- 
 
   Ordinary resolutions: 
                                   ---------------  --------------  -----------  ----------------  ----------------- 
 1. Re-appointment of the 
  independent external auditor      99.98%           0.02%           73 338 004   52.20%            0.12% 
                                   ---------------  --------------  -----------  ----------------  ----------------- 
 2.1 Re-election of retiring 
  director: JN Jekwa                99.29%           0.71%           73 325 155   52.19%            0.13% 
                                   ---------------  --------------  -----------  ----------------  ----------------- 
 2.2 Re-election of retiring 
  director: TML Setiloane           99.37%           0.63%           73 336 864   52.20%            0.12% 
                                   ---------------  --------------  -----------  ----------------  ----------------- 
 3.1 Election of audit committee 
  member: KW Mzondeki               99. 04%          0.96%           73 337 514   52.20%            0.12% 
                                   ---------------  --------------  -----------  ----------------  ----------------- 
 3.2 Election of audit committee 
  member: TML Setiloane             98.65%           1.35%           73 336 274   52.20%            0.12% 
                                   ---------------  --------------  -----------  ----------------  ----------------- 
 3.3 Election of audit committee 
  member: BM Kodisang               98.81%           1.19%           73 337 633   52.20%            0.12% 
                                   ---------------  --------------  -----------  ----------------  ----------------- 
 4.1 Non-binding advisory 
  vote on the remuneration 
  policy                            92.46%           7.54%           73 331 157   52.20%            0.12% 
                                   ---------------  --------------  -----------  ----------------  ----------------- 
 4.2 Non-binding advisory 
  vote on the implementation 
  report                            80.60%           19.40%          73 332 499   52.20%            0.12% 
                                   ---------------  --------------  -----------  ----------------  ----------------- 
 5. General authority for                                         RESOLUTION WITHDRAWN 
  directors to allot and 
  issue ordinary shares 
                                   --------------------------------------------------------------------------------- 
 6. Authorisation to sign 
  documents to give effect 
  to resolutions                    99.96%           0.04%           73 330 265   52.20%            0.12% 
                                   ---------------  --------------  -----------  ----------------  ----------------- 
 
   Special Resolutions: 
                                   ---------------  --------------  -----------  ----------------  ----------------- 
 1. General authority to 
  acquire the Company's own 
  ordinary shares                   99.96%           0.04%           73 123 800   52.05%            0.27% 
                                   ---------------  --------------  -----------  ----------------  ----------------- 
 2. Remuneration payable 
  to non-executive directors        93.24%           6.76%           73 331 315   52.20%            0.12% 
                                   ---------------  --------------  -----------  ----------------  ----------------- 
 3. Granting of financial 
  assistance in terms of 
  sections 44 and 45 of the 
  Companies Act of South 
  Africa                            98.86%           1.14%           73 328 275   52.19%            0.12% 
                                   ---------------  --------------  -----------  ----------------  ----------------- 
 
   *Total issued shares are 140 492 585                       . 

The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

1 June 2023

Rosebank

Company Secretary

Francois Klem

Email: [e-mail]

Investor Relations

Ryan Africa

Email: [e-mail]

Media Contacts

Tarryn Genis

Email: [e-mail]

UK Financial adviser and corporate broker

Liberum Capital Limited

Tel: [phone]

Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)

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