STEFANUTTI STOCKS HOLDINGS LIMITED - Results of written resolution of shareholders in terms of section 60 of the Companies Act, 71 of 2008, as amended

Results of written resolution of shareholders in terms of section 60 of the Companies Act, 71 of 2008, as amended

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


RESULTS OF WRITTEN RESOLUTION OF SHAREHOLDERS IN TERMS OF SECTION 60 OF
THE COMPANIES ACT, 71 OF 2008, AS AMENDED ("COMPANIES ACT")


Stefanutti Stocks shareholders ("Shareholders") are referred to the announcement released by the
company on the Stock Exchange News Service of the JSE Limited on Thursday, 23 July 2020,
regarding the submission to Shareholders of a written resolution proposed to be adopted in terms
of section 60 of the Companies Act in relation to the authorisation of financial assistance under
sections 44 and 45 of the Companies Act ("Resolution").


Shareholders are hereby advised that as at the close of the voting period on Friday, 21 August
2020 in accordance with the requirements of the Companies Act pertaining to written resolutions,
the Resolution had not as yet received support of persons exercising sufficient voting rights for the
Resolution to be adopted in terms of section 60(2)(a) of the Companies Act, being 75% of all of the
voting rights entitled to be exercised on the Resolution.


The voting results of the Resolution, namely in favour (as a percentage of shares voted), against
(as a percentage of shares voted) and abstained (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:


  Special resolution number 1: Approval of financial assistance
  For                    Against                  Abstained**              Shares voted
  86 527 081             48 401                   612 585                  87 188 067
  99.24% of votes        0.06% of votes           0.70% of votes           52.13%
  exercised but          exercised but 0.03%      exercised but 0.37%
  51.74% of votes        of votes associated      of votes associated
  associated with        with issued share        with issued share
  issued share capital   capital                  capital


The company intends to put a similar resolution to shareholders for approval at the annual general
meeting of the company for the year ended 29 February 2020 in the ordinary course, as opposed
to by way of written resolution, the date of which will be communicated to Shareholders in due
course.




25 August 2020
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited
Legal advisor: Webber Wentzel

Date: 25-08-2020 01:31:00
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