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Spanjaard Limited - Results Of Annual General Meeting (the Agm) And Update On Mr Robert Spanjaard

Release Date: 19/09/2017 13:52:00      Code(s): SPA     
SPANJAARD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1960/004393/06)
Share Code: SPA       ISIN: ZAE000006938
(?the company?)


RESULTS OF ANNUAL GENERAL MEETING (?the AGM?) AND UPDATE ON MR. ROBERT
SPANJAARD


Shareholders are advised that all the resolutions proposed at the AGM of the company held on Friday,
15 September 2017 were passed by the requisite majorities of shareholders.

Shareholders are further advised that, due to the continued indisposition of Mr. Robert Spanjaard, the
Chief Executive Officer (?CEO?) and major shareholder of the company, the board of directors of the
company has:

    -   appointed Mr. Kentin Welgemoed as acting CEO

Details of the resolutions and the voting are contained in the table below. The issued share capital of
the company is 8 142 850 ordinary shares.

Resolution proposed                          Total        Number of       Number of      Number of
                                          number of         votes in        votes       abstentions:
                                          votes cast:    favour: (% of     against:     (% of issued
                                          number (%       total votes     (% of total      share
                                           of issued         cast)          votes         capital)
                                             share                          cast)
                                            capital)
Ordinary resolution number 1:
Approval of annual financial               6 442 168       6 442 168           0              0
statements                                  79.11%         100.00%          0.00%          0.00%

Ordinary resolution number 2:              6 442 168       6 442 168           0              0
Approval of directors? remuneration         79.11%           100%           0.00%          0.00%

Ordinary resolution number 3:
Re-election of Prof. DP van der Nest       6 442 168       6 372 109        70 059            0
as a non-executive director                 79.11%          98.91%          1.09%          0.00%

Ordinary resolution number 4:
Appointment and remuneration of            6 442 168       6 442 168           0              0
auditors                                    79.11%           100%           0.00%          0.00%

Ordinary resolution umber 5:
Placing authorised but unissued share      6 442 168       6 372 109        70 059            0
capital under the control of the            79.11%          98.91%          1.09%          0.00%
directors

Ordinary resolution number 6:
Appointment of members of the audit
committee
6.1 To appoint Prof. DP van der Nest       6 442 168       6 442 168           0              0
as a member and chairman of the             79.11%           100%           0.00%          0.00%
audit committee
6.2 To appoint Mr. BL Montgomery as        6 442 168       6 372 109        70 059            0
a member of the audit committee             79.11%           98.91%         1.09%          0.00%

6.2 To appoint Mrs. S Hari as a            6 442 168       6 442 168            0             0
member of the audit committee               79.11%           100%            0.00%         0.00%

7. To authorise any person authorised
by Levitt Kirson Business Services to      6 442 168       6 442 168            0             0
continue in office as company               79.11%           100%            0.00%         0.00%
secretary

8. To confirm in terms of section 75(5)
of the Act that the directors have no      6 442 168       6 442 168            0             0
interests to declare in contracts           79.11%           100%            0.00%         0.00%

9. To transact such other business as
may be transacted at an annual             6 442 168       6 442 168            0             0
general meeting                             79.11%           100%            0.00%         0.00%

Special resolution number 1:
Financial assistance to related or inter-  6 442 168       6 372 109        70 059            0
related entities to the company             79.11%           98.91%         1.09%          0.00%

Special resolution number 2:
Financial assistance for the               6 442 168       6 372 109        70 059            0
subscription for or purchase of             79.11%           98.91%         1.09%          0.00%
securities by related or inter-related
entities to the company

Special resolution number 3:
Approval of the remuneration of non-       6 442 168       6 372 109        70 059            0
executive directors for services as         79.11%           98.91%         1.09%          0.00%
directors for the following year

Special resolution number 4 Approval       6 442 168       6 372 109        70 059            0
of the actions of directors                 79.11%           98.91%         1.09%          0.00%


By order of the board

Johannesburg
19 September 2017

Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 19/09/2017 01:52:00 Supplied by www.sharenet.co.za                     
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