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Report on proceedings at the Annual General Meeting
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
JSE Share code: DTC
ISIN: ZAE000017745
("Datatec")
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the annual general meeting (“AGM” or “the meeting”) of the shareholders of Datatec held on Thursday, 27 July 2023, the special and ordinary resolutions proposed at
the AGM were unaltered from those reflected in the Notice of AGM and were approved by the requisite majority of votes.
During the past year, Datatec continued with its consultation process with shareholders on remuneration matters which is summarised in the Annual Report. The non-
binding advisory votes relating to remuneration have both exceeded the 75% support level referred to in the King Code.
The board will continue its consultation and engagement process with major shareholders.
DETAIL OF VOTING STATISTICS AT THE AGM
Datatec confirms the voting statistics from the AGM as follows:
Total number of shares in issue 229 522 677
Treasury shares (excluded from voting) 25 783
Total number of shares represented (including proxies) at the AGM 190 266 556
Proportion of total voteable shares represented at the AGM 82,91%
Votes cast disclosed as a Shares voted Shares
percentage of the total disclosed as abstained
number of shares voted Number of a percentage disclosed as a
Resolution
at the meeting shares voted of the total percentage of
issued the total issued
For Against shares shares
Ordinary resolution 1: Re-election of JP Montanana 99,54% 0,46% 189 739 007 82,67% 0,23%
Ordinary resolution 2: Re-election of SJ Davidson 80,22% 19,78% 189 739 007 82,67% 0,23%
Ordinary resolution 3: Election of LC Rapparini 99,92% 0,08% 189 739 007 82,67% 0,23%
Ordinary resolution 4: Reappointment of independent
auditors 99,33% 0,67% 189 739 036 82,67% 0,23%
Ordinary resolution 5.1: Election of Audit, Risk and
Compliance Committee member - MJN Njeke 89,87% 10,13% 189 739 059 82,67% 0,23%
Ordinary resolution 5.2: Election of Audit, Risk and
Compliance Committee member – DS Sita 99,98% 0,02% 189 739 059 82,67% 0,23%
Ordinary resolution 5.3: Election of Audit, Risk and
Compliance Committee member - CRK Medlock 99,84% 0,16% 189 739 059 82,67% 0,23%
Ordinary resolution 6: Non-binding advisory vote on
remuneration policy 93,74% 6,26% 189 739 036 82,67% 0,23%
Ordinary resolution 7: Non-binding advisory vote on
remuneration implementation 84,74% 15,26% 189 739 036 82,67% 0,23%
Ordinary resolution 8: Approval of amendments to the
rules of the Datatec Conditional Share Plan 2017 86,51% 13,49% 189 737 036 82,67% 0,23%
Special resolution 1: Approval of non-executive directors’
fees 87,72% 12,28% 189 739 036 82,67% 0,23%
Special resolution 2: Authority to provide financial
assistance to any Group company 99,59% 0,41% 189 735 149 82,67% 0,23%
Special resolution 3: General authority to repurchase
shares 96,85% 3,15% 189 506 462 82,57% 0,33%
Ordinary resolution 9: Authority to sign all documents
required 99,95% 0,05% 189 737 997 82,67% 0,23%
The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
Sandton
27 July 2023
Sponsor
PALLIDUS EXCHANGE SERVICES PROPRIETARY LIMITED
Date: 27-07-2023 04:15:00
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