ARM’s AGM and 2023 Reports: Shaping South Africa’s Economic Landscape

  • ARM Announces 2023 AGM: African Rainbow Minerals Limited (ARM) plans its 90th annual general meeting on December 8, 2023, offering both physical and electronic participation.
  • Suite of Reports Released: ARM's suite of reports for the fiscal year 2023 covers financial, ESG, mineral resources, climate change, and more.
  • BBBEE and Transparency: ARM emphasizes its commitment to Broad-Based Black Economic Empowerment (BBBEE) and transparency, publishing compliance reports and certificates.

African Rainbow Minerals Limited (ARM), has recently unveiled its plans for the 2023 Annual General Meeting (AGM) and the release of a suite of important reports for the fiscal year ending June 30, 2023. This development follows the distribution of the 2023 Notice to Shareholders, providing crucial information to ARM’s investors. In this article, we delve into the details of this announcement, offering shareholders and the South African public an insight into what to expect.

AGM: The Key Event

ARM’s 90th annual general meeting is a significant event on the company’s calendar. It’s a time for shareholders to convene, make informed decisions, and collectively steer the company’s future. The AGM is set to take place on Friday, December 8, 2023, at 13:00 South African Standard Time (SAST). This landmark gathering will be conducted both physically and through electronic participation, offering shareholders more flexibility and access to the proceedings.

Venue and Voting

  • Physical Venue: ARM’s AGM will be held at the Sandton Convention Centre, specifically in boardrooms 6 and 7. This prime location is situated at the corner of Fifth and Maude Streets, Sandton.
  • Electronic Participation: Shareholders, or their proxies, will have the opportunity to cast their votes electronically, adding an extra layer of convenience to the proceedings.

Voting at the AGM will be conducted by poll, ensuring a transparent and democratic process. In the age of technology, this electronic voting option will undoubtedly make it easier for shareholders to participate.

The 2023 Notice to Shareholders contains detailed instructions on how to participate electronically and vote, making it crucial for shareholders to review the document before the AGM.

Essential Dates for Shareholders

For those looking to participate in the AGM or simply stay informed, certain dates are vital to remember:

Key DateDescription
Friday, 20 October 2023To receive the Notice of Annual General Meeting
Tuesday, 28 November 2023Last day to trade in the Company’s shares to be recorded as a shareholder by the voting record date
Friday, 1 December 2023 (Voting Record Date)To be recorded as a shareholder for participation and voting at the AGM

Reports for Fiscal Year 2023

ARM’s commitment to transparency and accountability is evident in its release of a comprehensive suite of reports for the fiscal year ending June 30, 2023. Shareholders and the public can access these reports through ARM’s official website, www.arm.co.za.

1. Integrated Annual Report

The Integrated Annual Report provides a holistic view of ARM’s performance and activities during the fiscal year. It encompasses financial, environmental, social, and governance aspects, offering a well-rounded picture of the company’s operations.

2. Annual Financial Statements

The Annual Financial Statements are a critical part of ARM’s disclosure. They have been audited by Ernst & Young Inc., and the unqualified report from the auditor is included in these statements. Shareholders can inspect these financial statements at ARM’s registered office or online at www.arm.co.za.

3. Environmental, Social, and Governance Report

In an era of heightened awareness of corporate responsibility, ARM’s Environmental, Social, and Governance (ESG) Report is of paramount importance. This report highlights ARM’s efforts to balance economic growth with environmental and social responsibility, demonstrating its commitment to sustainability.

4. Mineral Resources and Mineral Reserves Report

As a mining company, ARM’s Mineral Resources and Mineral Reserves Report is of particular interest. It provides an insight into the company’s mining activities, mineral assets, and future prospects.

5. Climate Change and Water Report

In recognition of the global significance of climate change and water management, ARM publishes a dedicated report on these crucial topics. The report outlines the company’s strategies for addressing these pressing issues.

6. King IV™ Application Register

The King IV™ Application Register outlines ARM’s adherence to corporate governance principles as recommended by the King Report on Corporate Governance. This report is an important reference for those concerned with the company’s governance practices.

Broad-Based Black Economic Empowerment (BBBEE)

ARM’s commitment to Broad-Based Black Economic Empowerment (BBBEE) is evident in the publication of its BBBEE compliance report. Prepared and submitted to the B-BBEE Commission in accordance with the Broad-Based Black Economic Empowerment Act 53 of 2003, this report demonstrates ARM’s dedication to promoting economic empowerment among South Africa’s historically disadvantaged communities.

The Company’s B-BBEE Verification Certificate is also available on www.arm.co.za, underscoring ARM’s ongoing commitment to transformation and empowerment.

Conclusion

African Rainbow Minerals Limited’s announcement of the 2023 Annual General Meeting and the release of a suite of reports for the fiscal year 2023 demonstrates the company’s commitment to transparency, accountability, and responsible corporate citizenship. The AGM, scheduled for December 8, 2023, is a pivotal event for shareholders and stakeholders to actively participate in the company’s decision-making process.

ARM’s comprehensive suite of reports, covering a wide array of topics from financial performance to ESG and BBBEE, underscores its dedication to achieving a balanced and sustainable approach to business.

Shareholders and interested parties are encouraged to access the provided resources and documentation to stay informed and take an active role in the future of African Rainbow Minerals Limited. This commitment to open communication and engagement is a testament to ARM’s values and its role in the South African mining industry.

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