GLOBAL ASSET MANAGEMENT LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

GLOBAL ASSET MANAGEMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/003192/06)
Share Code: GAM   ISIN: ZAE000173498
("Global" or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING (“AGM”)


Shareholders are advised that the Company’s AGM was held on Wednesday, 12 July 2017
and all resolutions proposed at the AGM were passed by the requisite majority. Details of the
results of voting were as follows:

Total number of shares in issue at the date of the AGM:                          73 481 246
Total number of shares represented at the AGM:                                   66 221 028
Total percentage of shares represented at the AGM:                                   90.12%

The resolutions proposed at the AGM, together with the percentage of votes carried for and
against each resolution, are set out below:

                                                         For        Against         Abstain
 Resolution proposed                                       %              %               %
 
 Ordinary Resolution Number 1 –                   66 221 028              -               -
 Adoption of annual financial statements                100%             0%              0%
 
 Ordinary Resolution Number 2 –                   66 221 028              -               -
 Director retirement and re-election –                  100%             0%              0%
 AJ Naidoo
 
 Ordinary Resolution Number 3 -                   66 221 028              -               -
 Auditors’ re-appointment and remuneration              100%             0%              0%
 – Howarth Leveton Boner
 
 Ordinary Resolution Number 4 -                  66 221 028               -               -
 Appointment of Audit and Risk Committee               100%              0%              0%
 member – GT Magomola
 
 Ordinary Resolution Number 5 –                  66 221 028               -               -
 Appointment of Audit and Risk Committee               100%              0%              0%
 member – GK Cunliffe
 
 Ordinary Resolution Number 6 –                  66 221 028               -               -
 Appointment of Audit and Risk Committee               100%              0%              0%
 member – AJ Naidoo

 Ordinary Resolution Number 7 –                  66 221 028               -               -
 Approval of Remuneration Policy                       100%              0%              0%
 
 Special Resolution Number 1 –                    66 221 028              -               -
 General authority to allot and issue shares            100%             0%              0%
 for cash

 Special Resolution Number 2 –
 Authority to issue shares, securities           66 221 028               -               -
 convertible into shares or rights that may            100%              0%              0%
 exceed 30% of the voting power of the
 current issued share capital
 
 Special Resolution Number 3 –                   66 221 028               -               -
 Non-Executive Directors’ remuneration                 100%              0%              0%
 
 Special Resolution Number 4 –
 General authority to enter into funding         66 221 028               -               -
 agreements, provide loans or other                    100%              0%              0%
 financial assistance
 
 Special Resolution Number 5 –                   66 221 028               -               -
 General authority to acquire (repurchase)             100%              0%              0%
 shares


By order of the board
Johannesburg
12 July 2017

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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