ITALTILE LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

Italtile Limited
Incorporated in the Republic of South Africa
(Registration number: 1955/000558/06)
Share code: ITE ISIN: ZAE000099123
(“Italtile” or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that, at the annual general meeting of Italtile held today, all the resolutions as set
out in the notice of the annual general meeting were passed by the requisite majority of shareholders with
the exception of ordinary resolution number 1.5, “Re-election of Ms A Zannoni”.

The number of shares voted in person or by proxy was 855 169 947, representing 83% of the total issued
share capital of the same class of Italtile shares.

The resolutions proposed at the meeting, together with the percentage of shares abstained, as well as the
percentage of votes carried for and against each resolution, are set out below:

                                                                    % of votes     % of votes
                                                               carried for the    against the      % of shares
Resolution                                                          resolution     resolution        abstained
 
To re-elect G A M Ravazzotti as a director                              99.945          0.055            0.013

To re-elect S I Gama as a director                                      86.726         13.274            0.013

To re-elect S M du Toit as a director                                   99.922          0.078            0.013

To re-elect N Medupe as a director                                         100              -            0.013

To re-elect A Zannoni as a director                                     20.198         79.802            0.013

To reappoint Ernst & Young Inc. as auditors and
Penelope Wittstock as designated auditor                                99.999          0.001            0.012

To appoint S M du Toit, S I Gama, N Medupe and S G
Pretorius as members of the Audit and Risk Committee                    85.492         14.508            0.016

To approve the Company’s remuneration policy                            95.258          4.742            0.013

To place the unissued shares of the Company under the
control of the directors                                                92.191          7.809            0.013

To issue shares or sell treasury shares for cash                        95.031          4.969            0.013

Special resolution number 1: Acquisition of own securities              99.324          0.676            0.012

Special resolution number 2: Financial assistance to
related and inter-related entities                                      98.030          1.970            0.013

Special resolution number 3: Approval of non-executive
directors’ remuneration                                                 97.186          2.814            0.013

Authority to sign documentation                                            100              -            0.013


Johannesburg
25 November 2016

Sponsor
Merchantec Capital

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