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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 4 August 2020 and all the ordinary and
special resolutions proposed at the AGM were approved by the requisite majority. The following information is provided:
Total issued number of ordinary shares: 493 450 321
Treasury shares not voted: 11 308 318
Number of ordinary shares that could have been voted at the meeting: 482 142 003
Number of B ordinary shares that could have been voted at the meeting: 259 682 869
Total number of shares that could have been exercised at the meeting: 741 824 872
Total number of share present/represented including proxies at the meeting:
Number of ordinary shares represented at the meeting: 404 518 245
Number of B shares represented at the meeting: 259 682 869
Percentage of ordinary shares represented at the meeting: 81.98%
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 Votes disclosed as a Number of shares Shares voted Shares
disclosed as a percentage in relation to voted disclosed as abstained
percentage of the the Ord and B Ord shares a percentage disclosed as a
total number of voted at the meeting in relation to percentage in
shares (Ord and B the total relation to the
Ord) voted at the issued share total issued
meeting capital share capital
(see above
for details of
share
capital)
FOR AGAINST FOR AGAINST
Ordinary resolution 99.97% 0.03% 99.95% Ord 0.05% Ord 404 360 205 Ord 81.95% Ord 0.03% Ord
number 1:
Appointment of 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
external auditors
Ordinary resolution 91.13% 8.87% 85.43% Ord 14.57% Ord 404 313 055 Ord 81.94% Ord 0.04% Ord
number 2.1:
Director retirement 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
and re-election –
Hugh Herman
Ordinary resolution 93.14% 6.86% 88.73% Ord 11.27% Ord 404 358 434 Ord 81.95% Ord 0.03% Ord
number 2.2:
Director retirement 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
and re-election –
Jeff van Rooyen
Ordinary resolution 93.48% 6.52% 89.29% Ord 10.71% Ord 404 359 706 Ord 81.95% Ord 0.03% Ord
number 2.3:
Director retirement 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
and re-election –
Gareth Ackerman
Ordinary resolution 99.20% 0.80% 98.69% Ord 1.31% Ord 404 359 005 Ord 81.95% Ord 0.03% Ord
number 2.4:
Director election – 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
Lerena Olivier
Ordinary resolution 89.76% 10.24% 83.19% Ord 16.81% Ord 404 358 993 Ord 81.95% Ord 0.03% Ord
number 2.5:
Director election – 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
Aboubakar Jakoet
Ordinary resolution 97.65% 2.35% 96.15% Ord 3.85% Ord 404 358 422 Ord 81.95% Ord 0.03% Ord
number 2.6:
Director election – 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
Mariam Cassim
Ordinary resolution 99.98% 0.02% 99.97% Ord 0.03% Ord 404 354 006 Ord 81.94% Ord 0.03% Ord
number 2.7:
Director election – 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
Haroon Bhorat
Ordinary resolution 100% 0% 100% Ord 0% Ord 404 359 005 Ord 81.95% Ord 0.03% Ord
number 2.8:
Director election – 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% Ord
Annamarie van der
Merwe
Ordinary resolution 85.55% 14.45% 76.28% Ord 23.72% Ord 404 357 198 Ord 81.94% Ord 0.03% Ord
number 3.1:
Re-appointment of 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
Jeff van Rooyen to
the audit, risk and
compliance
committee
Ordinary resolution 85.06% 14.94% 75.46% Ord 24.54% Ord 404 310 677 Ord 81.94% Ord 0.04% Ord
number 3.2: Re-
appointment of 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
Hugh Herman to
the audit, risk and
compliance
committee
Ordinary resolution 99.43% 0.57% 99.06% Ord 0.94% Ord 404 352 198 Ord 81.94% Ord 0.03% Ord
number 3.3:
Re-appointment of 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
Audrey Mothupi to
the audit, risk and
compliance
committee
Ordinary resolution 99.62% 0.38% 99.38% Ord 0.62% Ord 404 357 198 Ord 81.94% Ord 0.03% Ord
number 3.4:
Appointment of 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
David Friedland to
the audit, risk and
compliance
committee
Ordinary resolution 98.11% 1.89% 96.90% Ord 3.10% Ord 404 357 186 Ord 81.94% Ord 0.03% Ord
number 3.5:
Appointment of 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
Mariam Cassim to
the audit, risk and
compliance
committee
Advisory vote 83.21% 16.79% 72.36% Ord 27.64% Ord 401 739 228 Ord 81.41% Ord 0.56% Ord
number 1:
Endorsement of the 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
remuneration policy
for the 2019 annual
financial period
Advisory vote 76.77% 23.23% 61.85% Ord 38.15% Ord 404 361 986 Ord 81.95% Ord 0.03% Ord
number 2:
Endorsement of the 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
remuneration
implementation
report for the 2019
annual financial
period
Special resolution 78.38% 21.62% 64.49% Ord 35.51% Ord 404 344 901 Ord 81.94% Ord 0.04% Ord
number 1:
Directors’ fees for 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
the 2020 and 2021
annual financial
periods
Special resolution 98.76% 1.24% 97.97% Ord 2.03% Ord 404 357 334 Ord 81.94% Ord 0.03% Ord
number 2.1:
Financial assistance 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
to related or inter-
related companies
Special resolution 94.23% 5.77% 90.52% Ord 9.48% Ord 404 362 512 Ord 81.95% Ord 0.03% Ord
number 2.2:
Financial assistance 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
to persons
Special resolution 99.75% 0.25% 99.58% Ord 0.42% Ord 404 358 205 Ord 81.95% Ord 0.03% Ord
number 3:
Amendment of 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
Forfeitable Share
Plan
Special resolution 98.85% 1.15% 98.11% Ord 1.89% Ord 404 342 655 Ord 81.94% Ord 0.04% Ord
number 4:
General approval to 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
repurchase
Company shares
Ordinary resolution 100% 0.00% 100% Ord 0% Ord 404 362 834 Ord 81.95% Ord 0.03% Ord
number 4:
Directors’ authority 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord
to implement
special and ordinary
resolutions
By order of the Board
Cape Town
4 August 2020
Sponsor:
Investec Bank Limited
Date: 04-08-2020 04:45:00
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