Harmony Gold’s Triumph: Shareholders Rally Behind Strategic Moves in Resounding AGM Victory

  • Harmony Gold's AGM Success: Shareholders overwhelmingly approve resolutions, showcasing strong support for the company's leadership and strategies.
  • Director Re-elections: Key figures like Patrice Motsepe and Peter Turner secure high approval percentages, ensuring continuity in leadership roles.
  • Financial Decision Backing: Shareholders back crucial financial resolutions, including the reappointment of Ernst & Young and approval of remuneration policies.
By Lethabo Ntsoane

Harmony Gold Mining Company Limited announced today the successful outcome of its 2023 Annual General Meeting (AGM), held electronically. Shareholders demonstrated overwhelming support for a range of ordinary and special resolutions outlined in the notice of the AGM, which was dated October 25, 2023.

Key Highlights:

1. Director Re-elections:

1.1 Dr. Patrice Motsepe

ResolutionFor (%)Against (%)Total Shares VotedVoted (%)Abstained (%)
Re-election of Dr. Patrice Motsepe76.8823.12548,374,97688.460.07

1.2 Peter Turner

ResolutionFor (%)Against (%)Total Shares VotedVoted (%)Abstained (%)
Re-election of Peter Turner99.170.83548,367,40788.460.07

1.3 John Wetton

ResolutionFor (%)Against (%)Total Shares VotedVoted (%)Abstained (%)
Re-election of John Wetton77.4722.53548,377,29988.460.07

2. Audit and Risk Committee:

2.1 John Wetton

ResolutionFor (%)Against (%)Total Shares VotedVoted (%)Abstained (%)
Re-election of John Wetton as Committee Member73.2126.79548,380,97388.460.07

2.2 Karabo Nondumo

ResolutionFor (%)Against (%)Total Shares VotedVoted (%)Abstained (%)
Re-election of Karabo Nondumo as Committee Member81.4718.53548,374,01788.460.07

2.3 Given Sibiya

ResolutionFor (%)Against (%)Total Shares VotedVoted (%)Abstained (%)
Re-election of Given Sibiya as Committee Member99.930.07548,373,38088.460.07

2.4 Bongani Nqwababa

ResolutionFor (%)Against (%)Total Shares VotedVoted (%)Abstained (%)
Re-election of Bongani Nqwababa as Committee Member99.850.15548,382,28388.460.07

2.5 Martin Prinsloo

ResolutionFor (%)Against (%)Total Shares VotedVoted (%)Abstained (%)
Re-election of Martin Prinsloo as Committee Member99.960.04548,362,12588.460.07

3. Other Ordinary Resolutions:

3.1 Re-appointment of External Auditors – Ernst & Young Inc.

ResolutionFor (%)Against (%)Total Shares VotedVoted (%)Abstained (%)
Re-appointment of Ernst & Young Inc. as Auditors99.450.55548,607,55488.500.09

3.2 Approval of the Remuneration Policy

ResolutionFor (%)Against (%)Total Shares VotedVoted (%)Abstained (%)
Approval of the Remuneration Policy95.644.36548,461,54488.470.06

3.3 Approval of the Implementation Report

ResolutionFor (%)Against (%)Total Shares VotedVoted (%)Abstained (%)
Approval of the Implementation Report96.183.82547,705,05288.350.18

3.4 General Authority to Issue Shares for Cash

ResolutionFor (%)Against (%)Total Shares VotedVoted (%)Abstained (%)
General Authority to Issue Shares for Cash96.353.65546,931,14788.230.31

4. Special Resolutions:

4.1 Approval of Financial Assistance

ResolutionFor (%)Against (%)Total Shares VotedVoted (%)Abstained (%)
Approval of Financial Assistance99.610.39548,419,27488.470.07

4.2 Pre-approval of Non-executive Directors’ Remuneration

ResolutionFor (%)Against (%)Total Shares VotedVoted (%)Abstained (%)
Pre-approval of Non-executive Directors’ Remuneration98.401.60548,431,29188.470.06

Conclusion:

The shareholders of Harmony Gold Mining Company have overwhelmingly supported the resolutions presented at the 2023 AGM, reflecting confidence in the leadership and strategic direction of the company. The high approval rates indicate a unified stance on critical decisions, paving the way for continued growth and stability in the mining sector.

Join Our Newsletter
Subscribe to our newsletter and stay updated.

Sponsored

Start trading with a free $30 bonus

Unleash your trading potential with XM—your gateway to the electric world of financial markets! Get a staggering $30 trading bonus right off the bat, with no deposit required. Dive into a sea of opportunities with access to over 1000 instruments on the most cutting-edge XM platforms. Trade with zest, at your own pace, anytime, anywhere. Don't wait, your trading journey begins now! Click here to ignite your trading spirit!

Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo