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Results of Annual General Meeting
TIGER BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080
(“Tiger Brands” or “the Company”)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that the voting results, in relation to the
ordinary and special resolutions as set out in the notice of AGM dated 9 December
2022, presented to shareholders at the annual general meeting of Tiger Brands’
shareholders held on Tuesday, 21 February 2023 (“AGM”), in-person and by
way of electronic participation were as follows:
Ordinary resolutions Number of shares Percentage Percentage Percentage Percentage
voted of shares for* against* abstained**
voted
Ordinary Resolution number 162,021,875 89,85% 99,24% 0,76% 0,02%
1.1: Election of director – Mr
FNJ Braeken
Ordinary Resolution number 162,021,875 89,85% 99,52% 0,48% 0,02%
1.2: Election of director – Ms
LA Swartz
Ordinary Resolution number 162,022,748 89,85% 97,35% 2,65% 0,02%
2.1: Re-election of director –
Ms GJ Fraser-Moleketi
Ordinary Resolution number 162,021,875 89,85% 99,75% 0,25% 0,02%
2.2: Re-election of director –
Ms GA Klintworth
Ordinary Resolution number 162,021,275 89,85% 99,80% 0,20% 0,02%
2.3: Re-election of director –
Ms DS Sita
Ordinary Resolution number 162,021,875 89,85% 97,78% 2,22% 0,02%
2.4: Re-election of director –
Mr OM Weber
Ordinary Resolution number 162,021,055 89,85% 99,33% 0,67% 0,02%
3.1: Election of audit
committee member – Mr FNJ
Braeken
Ordinary Resolution number 162,021,875 89,85% 99,24% 0.76% 0,02%
3.2: Election of audit
committee member – Ms CH
Fernandez
Ordinary Resolution number 162,021,275 89,85% 99,75% 0,25% 0,02%
3.3: Election of audit
committee member – Adv M Sello
Ordinary Resolution number 162,021,875 89,85% 97,79% 2,21% 0,02%
3.4: Election of audit
committee member – Mr DG
Wilson
Ordinary Resolution number 4: 162,021,175 89,85% 99,52% 0,48% 0,02%
Appointment of external
auditor – Deloittet & Young
Inc.
Ordinary resolution number 5: 130,575,260 72,41% 99,28% 0,72% 17,46%
General authority
Ordinary Resolution number 6: 130,430,907 72,33% 73,70% 26,30% 17,54%
Approval of the remuneration
policy
Ordinary Resolution number 7: 130,430,777 72,33% 53,81% 46,19% 17,54%
Endorsement of the
implementation report of the
remuneration policy
Special resolutions Number of shares Percentage Percentage Percentage Percentage
voted of shares for* against* abstained**
voted
Special Resolution number 1: 130,574,690 72,41% 99,75% 0,25% 17,46%
To provide financial
assistance to related and
inter-related companies
Special Resolution number 2.1: 162,019,157 89,85% 99,08% 0,92% 0,02%
Remuneration payable to the
chairman of the board
Special Resolution number 2.2: 162,021,745 89,85% 99,09% 0,91% 0,02%
Remuneration payable to the
lead independent director
Special Resolution number 2.3: 162,021,145 89,85% 98,76% 1,24% 0,02%
Remuneration payable to non-
executive directors
Special Resolution number 3: 162,020,575 89,85% 99,24% 0,76% 0,02%
Remuneration payable to non-
executive directors
participating in sub-
committees
Special Resolution number 4: 162,006,508 89,84% 85,44% 14,56% 0,03%
Remuneration payable to non-
executive directors in respect
of unscheduled / extraordinary
meetings
Special Resolution number 5: 162,006,208 89,84% 85,36% 14,64% 0,03%
Remuneration payable to non-
executive directors in respect
of ad hoc meetings of the
investment committee
Special Resolution number 6: 161,877,692 89,77% 84,62% 15,38% 0,10%
Non-resident directors’ fees
Special Resolution number 7: 162,011,011 89,84% 99,93% 0,07% 0,02%
General authority to
repurchase shares
* based on the total number of shares voted in person or by proxy at the AGM.
** based on the total number of the Company’s shares in issue, being 180 327 980.
Remuneration policy and implementation of the remuneration policy
Further to the aforementioned voting results, the ordinary resolutions
in respect of the remuneration policy and the implementation report of
the remuneration policy were voted against by 25% or more of the votes
exercised. In this regard, Tiger Brands invites those shareholders who
voted against the remuneration policy and the implementation report of
the remuneration policy at the AGM, to engage with the Company by
forwarding their concerns/feedback by email to Nikki Catrakilis-Wagner,
Investor Relations Director, at nikki.wagner@tigerbrands.com by close of
business on 15 March 2023.
Tiger Brands undertakes to formally table the areas of concern at its
next Remuneration Committee meeting for consideration, and the outcomes
will be reported in the Remuneration Report, as part of the next
Integrated Annual Report.
Bryanston
22 February 2023
Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Date: 22-02-2023 04:06:00
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