STEFANUTTI STOCKS HOLDINGS LIMITED - Results of general meeting

Results of general meeting

Stefanutti Stocks Holdings Limited
(Registration number 1996/003767/06)
Share code: SSK
ISIN: ZAE000123766
(“Stefanutti Stocks” or “the Company”)

RESULTS OF GENERAL MEETING

1.     Introduction

       Stefanutti Stocks’ shareholders (“Shareholders”) are referred to the circular issued by the Company
       dated 3 August 2021 (“Circular”), containing a notice convening a general meeting of Shareholders
       (“Notice of General Meeting”) to consider and, if deemed fit, approve the disposal by Stefanutti Stocks
       International Holdings Proprietary Limited (registration number: 2005/015885/07), a wholly owned
       subsidiary of Stefanutti Stocks (“the Seller”) of the Seller’s entire interest, representing 49% of the issued
       share capital, in Al Tayer Stocks LLC (“ATS”) the implementation of which is subject to the Company
       obtaining the requisite approval of Shareholders. Unless otherwise indicated, capitalised words and
       terms contained in this announcement shall bear the same meanings ascribed thereto in the Circular.

2.     Results of the General Meeting

2.1    Shareholders are advised that at the General Meeting held today, Tuesday, 31 August 2021, the
       ordinary resolutions set out in the Notice of General Meeting required to be approved by Shareholders
       to authorise and implement the Transaction, were passed by the requisite majority of votes of
       Shareholders present in person or represented by proxy at the General Meeting (which was held entirely
       by electronic communication).

2.2    The total number of voteable shares in issue at the date of the General Meeting was 167 243 684.
       The total number of shares present/represented, including proxies, entitled to vote at the General
       Meeting was 84 771 099 ordinary shares or 45.07% of Stefanutti Stocks’ issued ordinary share capital
       as of Friday, 20 August 2021, being the record date to be eligible to vote at the General Meeting.

2.3    The voting results of the resolutions proposed at the General Meeting, namely in favour (as a
       percentage of shares voted), against (as a percentage of shares voted) and abstain (as a percentage
       of total issued share capital), and shares voted (as a percentage of total issued share capital of the
       Company) are as follows:

 Ordinary resolution number 1 – Approval of the Transaction



     FOR                     AGAINST                   ABSTAIN                   SHARES VOTED


           84 588 529                66 821                   115 749                  84 655 350

            99.92%                   0.08%                     0.06%                     45.01%
 Ordinary resolution number 2 – Authority granted to directors

  FOR                     AGAINST                  ABSTAIN           SHARES VOTED


        84 588 529                66 821                  115 749       84 655 350

         99.92%                   0.08%                    0.06%         45.01%



Johannesburg
31 August 2021
Sponsor: Bridge Capital Advisors Proprietary Limited
Legal Advisor: Webber Wentzel
Transaction Advisor: Birkett Stewart McHendrie Proprietary Limited

Date: 31-08-2021 11:35:00
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