PURPLE GROUP LIMITED - Results Of The Voting On Special And Ordinary Resolutions In Terms Of Section 60 Of The Companies Act

Results Of The Voting On Special And Ordinary Resolutions In Terms Of Section 60 Of The Companies Act

PURPLE GROUP LIMITED
(INCORPORATED IN SOUTH AFRICA)
(REGISTRATION NUMBER: 1998/013637/06)
SHARE CODE: PPE
ISIN: ZAE000185526
(“PURPLE GROUP” OR “THE COMPANY”)



RESULTS OF THE VOTING ON SPECIAL AND ORDINARY RESOLUTIONS IN TERMS OF SECTION 60 OF THE COMPANIES ACT RELATING
TO THE CONVERSION OF PAR VALUE SHARES TO NO PAR VALUE SHARES AND AN INCREASE IN AUTHORISED SHARES


Purple Group Shareholders are referred to the announcement released on SENS on 25 September 2020, as well as the Circular to Shareholders
dated 25 September 2020, regarding:

     o    the conversion of ordinary shares with par value to ordinary shares with no par value; and
     o    an increase in the authorised shares from 1 200 000 000 (1.2 Billion) to 2 000 000 000 (2 Billion).

Shareholders are advised that the Voting Deadline was Friday, 30 October 2020 at 17h00. The ordinary and special resolutions have been approved
by requisite majority of shareholders and adopted by the Company in terms of Section 60(2) of the Companies Act, 71 of 2008 (“the Act”).

The details of voting results for the proposed resolutions were as follows:

Total number of Purple Group shares entitled to vote is 982 569 287.
Total number of Purple Group shares that voted in terms of Section 60 (2) of the Act: 516 912 736, representing 52.61% of total number of Purple
Group shares that could have been voted.

 Resolutions                                    For                           Against                Abstained, in relation   Purple   Shares
                                                                                                     to total shares in       voted (For and
                                                                                                     issue                    Against)

 Special Resolution Number 1: Approval
 of the Conversion of Ordinary Shares of
 Par Value to Ordinary Shares without
 Par Value
 Number of shares                                     511 901 772                  1 619 121                3 391 843           513 520 893

 Percentage                                             99.68%                          0.32%                   0.35%             52.26%


 Special Resolution Number 2: Increase
 of Authorised Shares to 2 000 000 000 (2
 Billion)
 Number of shares                                     439 954 231                  3 089 266               73 869 239           443 043 497

 Percentage                                             99.30%                          0.70%                   7.52%             45.09%


 Ordinary     Resolution       Number      1:
 Authority to Implement
 Number of shares                                     484 739 493                   884 721                31 288 522           485 624 214

 Percentage                                             99.82%                          0.18%                   3.18%             49.42%



The Company will deliver a statement in accordance with section 60(4) of the Act to the shareholders in due course.

Johannesburg
02 November 2020
Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd
Company and Transfer Secretaries: 4 Africa Exchange Registry Proprietary Limited

Date: 02-11-2020 11:30:00
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