Company announcements Home » Investors » News » Company announcements » Results of Harmony’s Extraordinary General Meeting of shareholders 2020 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Results of Harmony’s Extraordinary General Meeting of shareholdersJune 11, 2020Johannesburg. Thursday, 11 June 2020. Harmony Gold Mining Company Limited (“Harmony” or the “Company”) advises shareholders that, at Harmony’s Extraordinary General Meeting of the shareholders held today, the requisite majority of shareholders approved all of the ordinary and special resolutions (“Resolutions”). The Resolutions as set out in the notice of the Extraordinary General Meeting forming part of the Company’s circular to Harmony shareholders, in connection with the Harmony board’s proposal to seek the authority to issue ordinary shares for cash (pursuant to a general authority to issue ordinary shares for cash and/or by way of a vendor consideration placing), for a maximum aggregate subscription consideration of up to US$200 million. The subscription proceeds (the “Potential Equity Capital Raising”) will be used by the Company to fund a part of the consideration payable for the acquisition of AngloGold Ashanti’s South African business as announced by the Company on 12 February 2020. The market will be accessed at the discretion of the Company. Further announcements regarding the Potential Equity Capital Raising will be made at the appropriate time. There were 542 725 460 ordinary shares in issue as at the date of the Extraordinary General Meeting. The voting results of the Resolutions were as follows: Total shares voted Total shares in issue For (%) Against (%) Total (number) Shares voted (%) Shares abstained (%) ORDINARY RESOLUTIONS 1. General authority to issue shares for cash 97,88% 2,12% 461 928 650 85,11% 0,41% 2. Placing control of a specified number of authorised but unissued Ordinary Shares in the hands of the Board 97,80% 2,20% 461 754 106 85,08% 0,44% 3. General Authorisation 99,10% 0,90% 461 551 397 85,04% 0,48% SPECIAL RESOLUTION 1. Authorisation for the issue of Ordinary Shares to a person related or inter-related to the Company or related or inter-related to a Director or prescribed officer of the Company for the purposes of implementing the Potential Equity Capital Raising 97,83% 2,17% 461 708 229 85,07% 0,45% “We successfully increased the value of our asset portfolio over the past 4 years by acquiring 100% of Hidden Valley (approximately 190 000 ounces of gold) in Papua New Guinea and then adding a further 250 000 quality ounces of gold through the acquisition of Moab Khotsong in South Africa. The planned acquisition of Mponeng and Mine Waste Solutions will further enhance Harmony’s near-term production by adding annual gold production of approximately 350 000 ounces of gold. Section 11 approval (in terms of the Minerals and Petroleum Resources Development Act) of the transaction is now the only condition precedent outstanding. Once approved, the integration of these assets will allow Harmony to further unlock value for its shareholders through increased grades and stronger margins”, Harmony’s chief executive officer, Peter Steenkamp, said. “The return-to-work process at Harmony is progressing well, with all of our COVID-19 processes and procedures being strictly adhered to. We anticipate being back in full production towards the middle of July 2020”, Peter Steenkamp added. For more details contact: Marian van der Walt Executive: Corporate and Investor Relations +27 (0) 82 888 1242 Max Manoeli Manager: Investor Relations +27 (0) 82 759 1775 JSE Sponsor: J.P. Morgan Equities South Africa Propriety Limited Harmony Gold Mining Company Limited (Harmony), a world-class gold mining and exploration company, has operations and assets in South Africa and Papua New Guinea (PNG). Harmony has more than 60 years’ experience in the industry. Company assets include one open pit mine and several exploration tenements in PNG, as well as 9 underground mines and 1 open pit operation and several surface sources in South Africa. In addition, Harmony owns 50% of the significant Wafi-Golpu copper-gold project – a tier 1 asset – in a joint venture in PNG. The company’s primary stock exchange listing is on the JSE with a secondary listing on the New York Stock Exchange. The bulk of our shareholders are in South Africa and the United States. Additional information on the company is available on the corporate website, www.harmony.co.za.
