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Results Of The Annual General Meeting
KAP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
Company Alpha Code: KAP
LEI code: 3789001F51BC0045FD42
('KAP' or 'the Company')
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are hereby advised that at the annual general meeting of the Company held at 15:00 on
Wednesday, 26 November 2025 at the Protea Hotel, Technopark ("AGM"), all the resolutions were passed by
the requisite majorities of the Company's shareholders.
Details of the results of the voting at the AGM are as follows:
Resolutions proposed Votes cast Number of Shares voted Shares
disclosed as a shares voted disclosed as a abstained
percentage in percentage in disclosed as
relation to the total relation to the a percentage
number of shares total issued in relation to
voted at the shares* the total
meeting issued
shares*
For Against
Ordinary resolution number 1: 99,99% 0,01% 2 056 566 229 82,22% 0,01%
Reappointment of independent
external audit firm and individual
auditor
Ordinary resolution number 2: 100% 0,00% 2 056 566 229 82,22% 0,01%
Confirmation of the appointment of S
Totaram as a director
Ordinary resolution number 3:
Re-election of directors who retire by
rotation
Ordinary resolution number 3.1: 62,70% 37,30% 2 056 566 229 82,22% 0,01%
Re-election of SH Muller as a director
who retires by rotation
Ordinary resolution number 3.2: 99,98% 0,02% 2 056 566 229 82,22% 0,01%
Re-election of KT Hopkins as a
director who retires by rotation
Ordinary resolution number 4:
Election of audit and risk committee
members:
4.1 KT Hopkins 99,98% 0,02% 2 056 566 229 82,22% 0,01%
4.2 Z Fuphe 99,99% 0,01% 2 056 566 229 82,22% 0,01%
4.3 S Totaram 100% 0,00% 2 056 565 729 82,22% 0,01%
Ordinary resolution number 5:
Election of sustainability social and
ethics members:
5.1 Z Fuphe 99,99% 0,01% 2 056 566 229 82,22% 0,01%
5.2 SN Maseko 99,99% 0,01% 2 056 566 229 82,22% 0,01%
5.3 FH Olivier 100% 0,00% 2 056 566 229 82,22% 0,01%
Ordinary resolution number 6:
Non-binding advisory votes to endorse
KAP's:
6.1 Remuneration policy 85,49% 14,51% 2 055 622 979 82,19% 0,05%
6.2 Implementation report on the 92,67% 7,33% 2 055 622 979 82,19% 0,05%
remuneration policy
Ordinary resolution number 7: 99,99% 0,01% 2 056 565 729 82,22% 0,01%
Ratification of transactions relating to
personal financial interest arising from
the executive directors' multiple
intergroup directorships
Special resolution number 1:
Approval of fees payable to non-
executive directors:
1.1 Independent non-executive 99,87% 0,13% 2 056 565 729 82,22% 0,01%
chairperson
1.2 Lead independent non-executive 99,88% 0,12% 2 056 565 729 82,22% 0,01%
director
1.3 Board member 99,88% 0,12% 2 056 565 729 82,22% 0,01%
1.4 Audit and risk committee 99,88% 0,12% 2 056 566 229 82,22% 0,01%
chairpers
1.5 Audit and risk committee member 99,88% 0,12% 2 056 565 729 82,22% 0,01%
1.6 Human capital and remuneration 99,88% 0,12% 2 056 566 229 82,22% 0,01%
committee chairperson
1.7 Human capital and remuneration 99,88% 0,12% 2 056 566 229 82,22% 0,01%
committee member
1.8 Sustainability, social and ethics 99,88% 0,12% 2 056 566 229 82,22% 0,01%
committee chairperson
1.9 Sustainability, social and ethics 99,88% 0,12% 2 056 566 229 82,22% 0,01%
committee member
1.10 Nomination committee 99,88% 0,12% 2 056 565 729 82,22% 0,01%
chairperson
1.11 Nomination committee member 99,88% 0,12% 2 056 565 729 82,22% 0,01%
1.12 Investment committee 99,88% 0,12% 2 056 565 729 82,22% 0,01%
chairperson
1.13 Investment committee member 99,88% 0,12% 2 056 565 729 82,22% 0,01%
Special resolution number 2: 77,07% 22,93% 2 056 604 071 82,23% 0,01%
Financial assistance for subscription of
securities
Special resolution number 3: 99,99% 0,01% 2 056 565 729 82,22% 0,01%
Financial assistance to related and
interrelated companies
Note:
*Total number of shares in issue as at the date of the AGM was 2 501 188 041. The Company has no treasury
shares.
Stellenbosch
27 November 2025
Equity and Debt Sponsor
PSG Capital
Date: 27-11-2025 11:00:00
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