PHUMELELA GAMING & LEISURE LIMITED - Report on the consultation meeting of shareholders

Report on the consultation meeting of shareholders

Phumelela Gaming &Leisure Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/016610/06)
Share code: PHM
ISIN: ZAE000039269
(“Phumelela” or “the Company”)


REPORT ON THE CONSULTATION MEETING OF SHAREHOLDERS

  1. Further to the announcement released on SENS on 2 July 2020, the Business
     Rescue Practitioner convened a meeting of shareholders on 10 July 2020 to consult
     on the development of a business rescue plan and to approve the further
     remuneration of the business rescue practitioner.

  2. Following discussion and consultation on development of the business rescue plan,
     shareholders were required to vote on further remuneration of the Business
     Rescue Practitioner of the Company as provided for in terms of section 143(3)a and
     (b) of the Companies Act 71 of 2008.

  3. Shareholders are advised that the resolution proposed in the notice of meeting of
     shareholders was passed with the requisite majority of votes as indicated below:


                                                                        %      Number
  Issued shares                                                                102 500 558
  Total number of shares that can be exercised at the meeting                   99 969 347
  Total number of shares present/represented including proxies at      57.82%   57 805 782
  The meeting


                                        Votes in       %          Votes      %   Abstentions
                                        favour                  against

  Approval of further remuneration of   37 215 979   64,55%   20 441 287      35,45% 148 516
  the business rescue practitioner of
  the Company as provided for in
  terms of section 143(3)(a) and
  (b) of the Act.



Johannesburg
13 July 2020


Sponsor
Investec Bank Limited

Date: 13-07-2020 10:04:00
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