EFFICIENT GROUP LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

EFFICIENT GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/036947/06)
Share code: EFG   ISIN: ZAE000151841
(“Efficient” or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that, at the annual general meeting of Efficient held on 28 February 2020, all the
resolutions as set out in the notice of annual general meeting were passed by the requisite majority of
shareholders.

The number of shares voted in person or by proxy was 69 268 446, representing 59.23% of the total issued
share capital of the same class of Efficient 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
 
 Ordinary Resolution number 1: Confirmation of
 appointment of non-executive directors
 
 1.1. Confirmation of appointment of Erol Zeki as a non-
 executive director                                                 100.00            0.00           0.00
 
 1.2. Confirmation of appointment of Bongiwe Momoza
 as alternate director to Erol Zeki                                 100.00            0.00           0.00
 
 Ordinary resolution number 2: Re-election of non-
 executive directors
 
 2.1. Re-election of Steve Booysen as an independent
 non-executive director                                             100.00            0.00           0.00
 
 2.2. Re-election of Babalwa Ngonyama as an
 independent non-executive director                                 100.00            0.00           0.00
 
 Ordinary resolution number 3: Re-appointment of
 external auditor                                                   100.00            0.00           0.00
 
 Ordinary resolution number 4: Re-appointment of
 audit and risk committee members
 
 4.1. Re-appointment of Joe Rosen as a member and
 chairperson of the audit and risk committee                        100.00            0.00           0.00
 
 4.2. Re-appointment of Zee Cele as a member of the 
 audit and risk committee                                           100.00            0.00           0.00

 4.3. Re-appointment of Babalwa Ngonyama as a
 member of the audit and risk committee                             100.00            0.00           0.00

 Ordinary resolution number 5: Advisory
 endorsement of remuneration policy and
 implementation report
 
 5.1. Endorsement of remuneration policy                             99.99            0.01           0.00

 5.2. Endorsement of remuneration implementation
 report                                                              99.99            0.01           0.00
 
 Ordinary resolution number 6: Placement of
 authorised but unissued shares under the directors’
 control                                                             99.99            0.01           0.00
 
 Ordinary resolution number 7: General authority to
 issue ordinary shares for cash                                     100.00            0.00           0.00

 Ordinary resolution number 8: Signing authority                    100.00            0.00           0.00

 Special resolution number 1: General authority to
 repurchase shares                                                   99.99            0.01           0.00

 Special resolution number 2: Approval of non-
 executive directors’ fees                                           99.99            0.01           0.00 
                                                                                      
 Special resolution number 3: General authority to
 provide financial assistance                                       100.00            0.00           0.00


Johannesburg
28 February 2020

Sponsor
Merchantec Capital

Date: 28-02-2020 12:15:00
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