The company says the board had acknowledged ‘the overwhelming vote against’ the approval of the 11-page report
A man rides his bicycle past the Lonmin mine outside Rustenburg, northwest of Johannesburg. Picture: REUTERSAt the group’s annual general meeting on Monday, 73.8% of votes cast went against Lonmin’s remuneration report for the year ended September 2018.
“As reported in the 2018 remuneration report, in the event that the transaction with Sibanye-Stillwater does not for any reason complete and Lonmin remains a listed company as a result, the board has committed to undertake a holistic review of pay arrangements to ensure alignment with the group’s evolving strategic priorities and we will engage with our major shareholders regarding any such proposals,” it said.
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