STEFANUTTI STOCKS HOLDINGS LIMITED - Results of General Meeting regarding disposal of subsidiary

Results of General Meeting regarding disposal of subsidiary

Stefanutti Stocks Holdings Limited
(Registration number 1996/003767/06)
Share code: SSK
ISIN: ZAE000123766
(“Stefanutti Stocks” or “the Company”)

RESULTS OF GENERAL MEETING

1.    Introduction

      Stefanutti Stocks’ shareholders (“Shareholders”) are referred to the circular issued by the Company
      dated 28 April 2021 (“Circular”), containing a notice convening a general meeting of Shareholders
      (“Notice of General Meeting”) to consider and, if deemed fit, approve the disposal by Stefanutti Stocks
      Proprietary Limited, a wholly owned subsidiary of Stefanutti Stocks, of the Mining Services Division of
      Stefanutti Stocks, comprising the Materials Handling and Tailings Management sub-divisions but
      excluding the Contract Mining sub-division (the "Transaction”). Unless otherwise indicated, capitalised
      words and terms contained in this announcement shall bear the same meanings ascribed thereto in the
      Circular.

2.    Results of the General Meeting

2.1   Shareholders are advised that at the General Meeting held today, Wednesday, 26 May 2021, the
      ordinary resolutions set out in the Notice of General Meeting required to be approved by Shareholders
      to authorise and implement the Transaction, were passed by the requisite majority of votes of
      Shareholders present in person or represented by proxy at the General Meeting (which was held entirely
      by electronic communication).

2.2   The total number of voteable shares in issue at the date of the General Meeting was 167 243 684.
      The total number of shares present/represented, including proxies, entitled to vote at the General
      Meeting was 99 301 073 ordinary shares or 59,38% of Stefanutti Stocks’ issued ordinary share capital
      as of Friday, 21 May 2021, being the record date to be eligible to vote at the General Meeting.

2.3   The voting results of the resolutions proposed at the General Meeting, namely in favour (as a
      percentage of shares voted), against (as a percentage of shares voted) and abstain (as a percentage
      of total issued share capital), and shares voted (as a percentage of total issued share capital of the
      Company) are as follows:

 Ordinary resolution number 1 – Approval of the Transaction

  FOR                     AGAINST                 ABSTAIN           SHARES VOTED

 99 258 573                   -                    42 500            99 258 573

  100,00%                     -                     0,03%               59,34%



 Ordinary resolution number 2 – Authority granted to directors

  FOR                     AGAINST                 ABSTAIN           SHARES VOTED

99 258 573                   -                    42 500             99 258 573

  100,00%                     -                     0,03%               59,34%


Johannesburg
26 May 2021
Sponsor: Bridge Capital Advisors Proprietary Limited
Legal Advisor: Webber Wentzel
Transaction Advisor: Birkett Stewart McHendrie Proprietary Limited

Date: 26-05-2021 12:48:00
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