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Results of annual general meeting

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Published: Monday, 02 December 2019 02:00

DRDGOLD shareholders (“Shareholders”) are advised that at the annual general meeting (“AGM”) of shareholders held today, 2 December 2019, all the ordinary and special resolutions, as set out in the notice of AGM dated 31 October 2019, were approved by the requisite majority of Shareholders present or represented by proxy at the AGM. Further details regarding the voting results for each of the resolutions are contained below.

All resolutions proposed at the AGM, together with the number and percentage of shares voted, the percentage of shares abstained, as well as the percentage of votes carried for and against each resolution, are as follows:

Ordinary resolution number 1: Re-appointment of KPMG Inc. as the independent external auditors of the Company

Shares Voted Abstained For Against
554 128 263
79.57%		 0.03% 97.49% 2.51%

Ordinary resolution number 2: Election of Mrs Kuby Prudence Lebina as a director of the Company

Shares Voted Abstained For Against
554 007 577
79.55%		 0.05% 99.92% 0.08%

Ordinary resolution number 3: Re-election of Mr Geoffrey Charles Campbell as a director of the Company

Shares Voted Abstained For Against
554 042 073
79.55%		 0.04% 99.73% 0.27%

Ordinary resolution number 4: Re-election of Mr Edmund Abel Jeneker as a director of the Company

Shares Voted Abstained For Against
554 046 073
79.56%		 0.04% 99.72% 0.28%

Ordinary resolution number 5: Re-election of Mr Adriaan Jacobus Davel as a director of the Company

Shares Voted Abstained For Against
554 047 073
79.56%		 0.04% 99.74% 0.26%

Ordinary resolution number 6: General authority to issue securities for cash

Shares Voted Abstained For Against
553 917 563
79.54%		 0.06% 89.44% 10.56%

Ordinary resolution numbers 7.1 – 7.3: Election of Audit Committee members

Ordinary resolution number 7.1: Election of Mr Johan Andries Holtzhausen – Chairman

Shares Voted Abstained For Against
554 014 923
79.55%		 0.04% 99.93% 0.07%

Ordinary resolution number 7.2: Election of Mr Jean Johannes Nel

Shares Voted Abstained For Against
554 021 823
79.55%		 0.04% 95.95% 4.05%

Ordinary resolution number 7.3: Election of Mrs Kuby Prudence Lebina

Shares Voted Abstained For Against
553 987 917
79.55%		 0.05% 99.92% 0.08%

Ordinary resolution number 8: Endorsement of the Remuneration Policy

Shares Voted Abstained For Against
553 810 763
79.52%		 0.07% 99.69% 0.31%

Ordinary resolution number 9: Endorsement of the Implementation Report

Shares Voted Abstained For Against
553 701 773
79.51%		 0.09% 99.77% 0.23%

Ordinary resolution number 10: Authority for the directors to sign all required documents

Shares Voted Abstained For Against
553 809 013
79.52%		 0.07% 99.93% 0.07%

Ordinary resolution number 11: Adoption of the DRDGOLD Management Long-Term Incentive Scheme

Shares Voted Abstained For Against
553 771 793
79.52%		 0.08% 99.67% 0.33%

Special resolution number 1: General authority to repurchase issued securities

Shares Voted Abstained For Against
554 048 598
79.56%		 0.04% 99.83% 0.17%

Special resolution number 2: General authority to provide financial assistance in terms of sections 44 and 45 of the Companies Act No. 71 of 2008

Shares Voted Abstained For Against
553 929 893
79.54%		 0.06% 99.86% 0.14%

Special resolution number 3: Approval of non-executive directors’ remuneration

Shares Voted Abstained For Against
553 868 073
79.53%		 0.07% 95.82% 4.18%

Notes

  • Percentages of shares voted are calculated in relation to the total issued share capital of DRDGOLD.
  • Percentages of shares voted for and against are calculated in relation to the total number of shares voted for each resolution.
  • Abstentions are calculated as a percentage in relation to the total issued share capital of DRDGOLD.

Johannesburg
2 December 2019

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