WILSON BAYLY HOLMES-OVCON LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

WILSON BAYLY HOLMES - OVCON LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO
ISIN: ZAE000009932
(“WBHO or “Company”)



RESULTS OF THE ANNUAL GENERAL MEETING


Shareholders of WBHO (“Shareholders”) are hereby advised that the ordinary and special
resolutions contained in the Notice of Annual General (“AGM”) dated 21 October 2022 that
were tabled at the Company’s AGM held on Wednesday, 23 November 2022 at 11:00 were
passed by the requisite majority of votes cast by WBHO Shareholders with the exception of
ordinary resolution number 5 (non-binding advisory vote on the company’s implementation
report on remuneration policy). WBHO confirms the voting statistics from the AGM as follows:


                                                                   %          Number


 Total Number of shares that could be voted at the meeting         100%       59 890 514
 Total number of shares present/represented including proxies at   78.92%     47 266 250
 the meeting


                                      Votes for %        Votes against %     Abstentions %

  Ordinary resolution number 1.1           95.16%                  4.84%             0.02%
  Re: election of Mr H Ntene as a
  director

  Ordinary resolution number 1.2           97.03%                  2.97%             0.02%
  Re-election of Mr RW Gardiner as
  a director

  Ordinary resolution number 2.            73.25%                 26.75%             0.02%
  Re-Appointment of independent
  the auditor

  Ordinary resolution number 3.1           96.87%                  3.13%             0.02%
  Appointment of Mr AJ Bester as
  Audit committee member and
  Chairperson

  Ordinary resolution number 3.2           96.82%                  3.18%             0.02%
  Appointment of RW Gardiner as
  Audit committee member

  Ordinary resolution number 3.3           97.04%                  2.96%             0.02%
  Appointment of Ms KM Forbay as
  Audit committee member

  Ordinary resolution number 4             94.63%                  5.37%             0.03%
  Endorsement of remuneration
  policy

  Ordinary resolution number 5             46.77%                 53.23%             0.03%
  Endorsement of implementation
  report on remuneration policy

  Ordinary resolution number 6             84.66%                 15.34%             0.02%
  Placing unissued shares under
  the control of the directors

  Ordinary resolution number 7               100%                  0.00%             0.02%
  Directors’ and/or Company
  Secretary authority to implement
  special and ordinary resolutions

  Special resolution number 1              99.98%                  0.02%             0.02%
  Approval of directors’ fees for
  2022/2023 financial year

  Special resolution number 2              91.03%                  8.97%             0.02%
  Authority to provide financial
  assistance in terms of section 44
  and 45 of the Act.

  Special resolution number 3                100%                  0.00%             0.02%
  General approval to repurchase
  company shares


As a consequence of ordinary resolution number 5 being voted against by more than 25% of
WBHO’s Shareholders represented at the AGM, Shareholders are requested to contact the
Company secretary at Cosec@wbho.co.za by 2 December 2022 so that WBHO can plan to
engage with them to resolve Shareholder concerns. WBHO endeavor to take all steps
necessary to address the concerns raised by the Shareholders.

Johannesburg
23 November 2022

Sponsor
Investec Bank Limited

Date: 23-11-2022 04:00:00
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