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Results of Annual General Meeting
Mpact Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/025229/06)
JSE share code: MPT ISIN: ZAE000156501
(“Mpact” or “the Company”)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the Annual General Meeting ("AGM") of the Shareholders of Mpact
held on Thursday, 03 June 2021, all Ordinary and Special
resolutions proposed at the AGM were approved by the requisite
majority of votes save for Special resolution 1 and the Non-
binding advisory votes 1 and 2.
Mpact confirms the voting statistics from the AGM as follows:
Votes cast Shares Shares
disclosed as a voted abstained
percentage in disclosed disclosed
relation to the as a as a
total number of Number of percentage percentage
Resolutions shares voted at shares in in
the AGM voted relation relation
to the to the
total total
issued issued
For Against shares* shares*
Ordinary resolution 1.1:
Re-election of AJ 56.07% 43.93% 129,486,829 87.39% 0.13%
Phillips
Ordinary resolution 1.2:
Re-election of NP
Dongwana 99.67% 0.33% 129,486,829 87.39% 0.13%
Ordinary resolution 1.3:
Re-election of PCS
Luthuli 99.99% 0.01% 129,486,829 87.39% 0.13%
Ordinary resolution 2.1:
Election of TDA Ross as
Audit and Risk Committee
member 98.87% 1.13% 129,486,829 87.39% 0.13%
Ordinary resolution 2.2:
Election of AM Thompson
as Audit and Risk
Committee member 80.02% 19.98% 129,486,829 87.39% 0.13%
Ordinary resolution 2.3:
Election of NP Dongwana
as Audit and Risk
Committee member 98.87% 1.13% 129,486,829 87.39% 0.13%
Ordinary resolution 2.4:
Election of PCS Luthuli
as Audit and Risk
Committee member 99.99% 0.01% 129,486,829 87.39% 0.13%
Ordinary resolution 3:
Re-appointment of
Deloitte & Touche as
auditors 91.35% 8.65% 129,487,940 87.39% 0.13%
Ordinary resolution 4:
Authority to implement
resolutions 100.00% 0.00% 129,486,829 87.39% 0.13%
Non-binding advisory vote
1: Advisory vote on the
remuneration policy 40.98% 59.02% 129,486,829 87.39% 0.13%
Non-binding advisory vote
2: Advisory vote on the
remuneration
implementation report 40.97% 59.03% 129,474,718 87.38% 0.14%
Special resolution 1:
General authority to
repurchase shares 63.77% 36.23% 129,468,297 87.38% 0.14%
Special resolution 2:
General authority to
provide financial
assistance 99.23% 0.77% 129,486,829 87.39% 0.13%
Special resolution 3:
Non-executive directors’
remuneration 90.41% 9.59% 82,579,743 55.73% 31.78%
*Total issued shares: 148 175 363
Notes:
Shareholders are advised that the non-binding advisory votes 1 and
2 (the remuneration policy and the remuneration implementation
report, respectively) were voted against by more than 25% of
Mpact's shareholders present in person or represented by proxy at
the AGM ("dissenting shareholders"). The Board invites those
dissenting shareholders to engage with the Company in the
following manner:
1. All dissenting shareholders are invited to forward their
concerns/questions on the remuneration policy and the
remuneration implementation report to the Group Company
Secretary in writing to cosec@mpact.co.za by close of business
on Monday,14 June 2021.
2. Following the responses received from the dissenting
shareholders in accordance with the above, appropriate
engagements will be scheduled at a suitable date and time and
communicated to shareholders.
Melrose Arch
03 June 2021
Sponsor
The Standard Bank of South Africa Limited
Date: 03-06-2021 05:00:00
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