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Results of the Third Annual General Meeting of Shareholders
LIBERTY TWO DEGREES LIMITED
(Registration number: 2018/388906/06)
JSE share code: L2D
ISIN: ZAE000260576
(“L2D” or “the Company”)
RESULTS OF THE THIRD ANNUAL GENERAL MEETING OF SHAREHOLDERS
L2D shareholders are advised that at the third annual general meeting of shareholders of the Company held via
electronic participation at 12h00 on Friday, 7 May 2021 (“Annual General Meeting”), all the ordinary and special
resolutions, as set out in the Notice of the Annual General Meeting, were passed by the requisite majority of votes
of shareholders present by means of electronic participation or represented by proxy.
- As at Friday, 30 April 2021, being the Annual General Meeting Record Date (“Voting Record Date”), the total
number of L2D ordinary shares in issue (“L2D Issued Ordinary Shares”) was 908 443 334;
- The L2D Issued Ordinary Shares eligible to vote by being present by means of electronic participation or by
submitting proxies was 849 992 884, being 93.558% of the L2D Issued Ordinary Shares.
The voting results were as follows:
1. Ordinary resolution number 1 – Annual Financial Statements
The audited annual financial statements of the Company and Group for the year ended 31 December 2020
were adopted.
Total Shares voted Shares abstained
For (%) Against (%) Number %(1) %(1)
100.0 0.000 849 899 334 93.556 0.003
2. Ordinary resolution number 2 – Confirmation of independent non-executive director appointed by the
Board of Directors
Shares
Total Shares voted
abstained
Directors Against
For (%) Number %(1) %(1)
(%)
2.1 Mr P Nelson 99.995 0.005 849 885 334 93.554 0.004
2.2 Ms B
Makhubedu 99.995 0.005 849 899 334 93.556 0.003
2.3 Dr P
Makhoalibe 99.995 0.005 849 899 334 93.556 0.003
2.4 Mr C Ewin 99.996 0.004 849 885 334 93.554 0.004
3. Ordinary resolution number 3 – Election of audit and risk committee members
Shares
Total Shares voted
abstained
Directors Against
For (%) Number %(1) %(1)
(%)
3.1 Mr P Nelson 99.995 0.005 849 885 334 93.554 0.004
3.2 Ms B Makhubedu 99.996 0.004 849 899 334 93.556 0.003
3.3 Mr C Ewin 99.996 0.004 849 885 334 93.554 0.004
4. Ordinary resolution number 4 – Appointment of PricewaterhouseCoopers Inc. as independent
registered auditor and note that Ms J Basson will be the individual registered auditor
Total Shares voted Shares abstained
For (%) Against (%) Number %(1) %(1)
99.996 0.004 849 899 334 93.556 0.003
5. Ordinary resolution number 5 – Approval of the remuneration policy by way of a non-binding advisory
vote
Total Shares voted Shares abstained
For (%) Against (%) Number %(1) %(1)
91.837 8.163 849 874 334 93.553 0.005
6. Ordinary resolution number 6 – Approval of the implementation report on the remuneration policy by
way of a non-binding advisory vote
Total Shares voted Shares abstained
For (%) Against (%) Number %(1) %(1)
91.837 8.163 849 883 334 93.554 0.004
7. Ordinary resolution number 7 – To place 10% of the unissued authorised ordinary shares under the
control of the directors
Total Shares voted Shares abstained
For (%) Against (%) Number %(1) %(1)
93.848 6.152 849 899 334 93.556 0.003
8. Ordinary resolution number 8 – General authority to issue shares for cash
Total Shares voted Shares abstained
For (%) Against (%) Number %(1) %(1)
93.825 6.175 849 900 334 93.556 0.002
9. Special resolution number 1 – Non-executive directors’ remuneration for 2021
Shares
Total Shares voted
abstained
Board Against
For (%) Number %(1) %(1)
(%)
1.1 Chairman 93.935 6.065 849 890 334 93.555 0.004
1.2 Lead Independent
Director 94.555 5.445 849 880 334 93.553 0.005
1.3 Member 94.554 5.446 849 890 334 93.555 0.004
1.4 International Member 89.222 10.778 849 885 334 93.554 0.004
Committees
1.5 Audit and Risk Chairman 93.935 6.065 849 890 334 93.555 0.004
1.6 Audit and Risk Member 93.935 6.065 849 890 334 93.555 0.004
1.7 Social, Ethics &
Transformation
Chairman 93.935 6.065 849 890 334 93.555 0.004
1.8 Social, Ethics &
Transformation Member 93.935 6.065 849 890 334 93.555 0.004
1.9 Remuneration and
Nomination Chairman 93.935 6.065 849 880 334 93.553 0.005
1.10 Remuneration and
Nomination Member 93.934 6.066 849 890 334 93.555 0.004
1.11 Other committee
meetings 94.555 5.445 849 876 334 93.553 0.005
10. Special resolution number 2 – Financial assistance to related and inter-related parties
Total Shares voted Shares abstained
For (%) Against (%) Number %(1) %(1)
96.697 3.303 849 875 334 93.553 0.005
11. Special resolution number 3 – General authority to repurchase shares
Total Shares voted Shares abstained
For (%) Against (%) Number %(1) %(1)
94.864 5.136 894 900 334 93.556 0.002
(1) Expressedas a percentage of 908 443 334 L2D ordinary shares in issue as at the Voting Record Date of Friday,
30 April 2021.
Johannesburg
7 May 2021
Sponsor
The Standard Bank of South Africa Limited
Investor Relations
Gareth Rees
Contact number: 011 448 6804
Date: 07-05-2021 03:15:00
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