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Report on proceedings at the Annual General Meeting
Pick n Pay Stores Limited
Incorporated in the Republic of South Africa
Registration number: 1968/008034/06
Share Code: PIK
ISIN code: ZAE000005443
(Pick n Pay)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
Shareholders are advised that the Annual General Meeting (AGM) of Pick n Pay was held on 30 July 2019 and all the ordinary and special
resolutions proposed at the AGM were approved by the requisite majority. The following information is provided:
Total number of shares that can be exercised at the meeting: 744 235 492
Total issued number of ordinary shares: 493 450 321
Total issued number of B ordinary shares: 259 682 869
Treasury shares: 8 897 698
Number of ordinary shares that could have been voted at the meeting: 484 552 623
Total number of share present/represented including proxies at the meeting: 659 692 434
Number of ordinary shares represented at the meeting: 400 009 565
Number of B shares represented at the meeting: 259 682 869
Percentage of ordinary shares represented at the meeting: 81.06%
Percentage of B shares represented at the meeting: 100.00%
Abbreviations: ordinary shares (Ord)
B ordinary shares (B Ord)
Details of the results of voting at the AGM are as follows:
Resolutions Shares voted disclosed Votes disclosed as a Number of Shares voted Shares
as a percentage of the percentage in relation shares voted disclosed as a abstained
total number of shares to the Ord and B Ord percentage in disclosed as a
(Ord and B Ord) voted shares voted at the relation to the percentage in
at the meeting meeting relation to the
total issued total issued
share capital share capital
(see above for
details of share
capital)
FOR AGAINST FOR AGAINST
Ordinary resolution 99.99% 0.01% 99.98% 0.02% Ord 399 828 573 81.03% Ord 0.04% Ord
number 1: Ord Ord
Appointment of
external auditors 100% 0% B Ord 259 682 869 100% B Ord 0% B Ord
B Ord B Ord
Ordinary resolution 92.01% 7.99% 86.83% 13.17% 399 829 070 81.03% Ord 0.04% Ord
number 2.1: Ord Ord Ord
Director retirement
and re-election – 100% 0% B Ord 259 682 869 100% B Ord 0% B Ord
Hugh Herman B Ord B Ord
Ordinary resolution 94.26% 5.74% 90.53% 9.47% Ord 399 829 070 81.03% Ord 0.04% Ord
number 2.2: Ord Ord
Director retirement
and re-election – 100% 0% B Ord 259 682 869 100% B Ord 0% B Ord
Jeff van Rooyen B Ord B Ord
Ordinary resolution 99.84% 0.16% 99.74% 0.26% Ord 399 829 070 81.03% Ord 0.04% Ord
number 2.3: Ord Ord
Director retirement
and re-election – 100% 0% B Ord 259 682 869 100% B Ord 0% B Ord
David Friedland B Ord B Ord
Ordinary resolution 98.90% 1.10% 98.19% 1.81% Ord 399 829 070 81.03% Ord 0.04% Ord
number 2.4: Ord Ord
Director retirement
and re-election – 100% 0% B Ord 259 682 869 100% B Ord 0% B Ord
Suzanne B Ord B Ord
Ackerman-Berman
Ordinary resolution 98.91% 1.09% 98.20% 1.80% Ord 399 829 070 81.03% Ord 0.04% Ord
number 2.5: Ord Ord
Director retirement
and re-election – 100% 0% B Ord 259 682 869 100% B Ord 0% B Ord
Jonathan Ackerman B Ord B Ord
Ordinary resolution 95.59% 4.41% 92.72% 7.28% Ord 399 829 070 81.03% Ord 0.04% Ord
number 3.1: Ord Ord
Re-appointment of
Jeff van Rooyen to 100% 0% B Ord 259 682 869 100% B Ord 0% B Ord
the audit, risk and B Ord B Ord
compliance
committee
Ordinary resolution 85.20% 14.80% 75.49% 24.51% 395 370 759 80.12% Ord 0.94% Ord
number 3.2:Re- Ord Ord Ord
appointment of
Hugh Herman to 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord
the audit, risk and Ord B Ord
compliance
committee
Ordinary resolution 99.84% 0.16% 99.73% 0.27% 399 829 070 81.03% Ord 0.04% Ord
number 3.3: Ord Ord Ord
Re-appointment of
Audrey Mothupi to 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord
the audit, risk and Ord B Ord
compliance
committee
Ordinary resolution 99.86% 0.14% 99.76% 0.24% Ord 399 829 070 81.03% Ord 0.04% Ord
number 3.4: Ord Ord
Appointment of
David Friedland to 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord
the audit, risk and Ord B Ord
compliance
committee
Advisory vote 84.89% 15.11% 75.05% 24.95 % 398 866 281 80.83% Ord 0.23% Ord
number 1: Ord Ord Ord
Endorsement of the
remuneration policy
for the 2019 annual 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord
financial period Ord B Ord
Advisory vote 76.04% 23.96% 60.47% 39.53% 399 629 064 80.99% Ord 0.08% Ord
number 2: Ord Ord Ord
Endorsement of the
remuneration
implementation 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord
report for the 2019 Ord B Ord
annual financial
period
Special resolution 79.77% 20.23% 66.63% 33.37% 399 703 845 81.00% Ord 0.06% Ord
number 1: Ord Ord Ord
Directors’ fees for
the 2020 and 2021 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord
annual financial Ord B Ord
periods
Special resolution 98.64% 1.36% 97.76% 2.24% Ord 399 845 912 81.03% Ord 0.03% Ord
number 2.1: Ord Ord
Financial assistance
to related or inter- 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord
related companies Ord B Ord
Special resolution 94.28% 5.72% 90.57% 9.43% Ord 399 842 124 81.03% Ord 0.03% Ord
number Ord Ord
2.2:Financial
assistance to 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord
persons Ord B Ord
Special resolution 98.53% 1.47% 97.57% 2.43% Ord 399 653 156 80.99% Ord 0.07% Ord
number 3: Ord Ord
General approval to
repurchase 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord
Company shares Ord B Ord
Ordinary resolution 99.99% 0.01% 99.99% 0.01% Ord 399 827 077 81.03% Ord 0.04% Ord
number 4: Ord Ord
Directors’ authority
to implement 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord
special and Ord B Ord
ordinary resolutions
By order of the board
Cape Town
30 July 2019
Sponsor:
Investec Bank Limited
Date: 30/07/2019 02:17:00
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