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Results Of Annual General Meeting
Mustek Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/070161/06)
Share code: MST & ISIN: ZAE000012373
(“Mustek” or “the Company”)
RESULTS OF ANNUAL GENERAL MEETING (“AGM”)
The AGM of Mustek shareholders was held today, Monday, 5 December 2022. All the special and ordinary
resolutions as set out in the notice of AGM to shareholders, dated 31 October 2022, were approved by the requisite
majority of shareholders.
Details of the results of voting at the annual general meeting are as follows:
• total number of Mustek shares that could have been voted at the AGM: 59 000 000
• total number of Mustek shares that were present/represented at the AGM: 32 024 289, representing
54,28% of the total number of Mustek shares that could have been voted at the AGM.
The special resolutions will be filed with the Companies and Intellectual Property Commission.
The voting details with respect to the proposed resolutions were as follows:
For Against Abstained, in Shares voted
relation to total
shares in issue
Ordinary resolution number 1:
Confirmation of the appointment of
Shabana Aboo Baker Ebrahim as
director
Number of shares 23 581 799 8 393 780 48 710 31 975 579
Percentage 73,75% 26,25% 0,08% 54,20%
Ordinary resolution number 2: Re-elect
Ralph Patmore as director
Number of shares 28 542 414 3 434 665 47 210 31 977 079
Percentage 89,26% 10,74% 0,08% 54, 20%
Ordinary resolution number 3: Re-elect
Vukile Mehana as director
Number of shares 20 129 134 11 846 445 48 710 31 975 579
Percentage 62,95% 37,05% 0,08% 54,20%
Ordinary resolution number 4:
Confirmation of auditor’s appointment
Number of shares 31 977 579 - 47 210 31 977 079
Percentage 100,00% 0,00% 0,08% 54,20%
Ordinary resolution number 5:
Appointment of Pamella Marlowe to
Audit and Risk Committee
Number of shares 31 977 079 - 47 210 31 977 079
Percentage 100,00% 0,00% 0,08% 54,20%
Ordinary resolution number 6:
Appointment of Ralph Patmore to Audit
and Risk Committee
Number of shares 28 542 414 3 434 665 47 210 31 977 079
Percentage 89,26% 10,74% 0,08% 54,20%
Ordinary resolution number 7:
Appointment of Shelley Thomas to
Audit and Risk Committee
Number of shares 31 977 079 - 47 210 31 977 079
Percentage 100,00% 0,00% 0,08% 54,20%
Ordinary resolution number 8: 8.1
Endorsement of remuneration policy
Number of shares 31 965 829 10 450 48 010 31 976 279
Percentage 99,97% 0,03% 0,08% 54,20%
Ordinary resolution number 8: 8.2
Endorsement of the implementation
report
Number of shares 23 578 191 8 398 088 48 010 31 976 279
Percentage 73,74% 26,26% 0,08% 54,20%
Ordinary resolution number 9: Placing
of shares under the directors’ control
Number of shares 31 960 079 9 000 55 210 31 969 079
Percentage 99,97% 0,03% 0,09% 54,18%
Ordinary resolution number 10: General
authority to issue shares for cash
Number of shares 28 534 972 3 440 087 48 510 31 975 779
Percentage 89,24% 10,76% 0,08% 54,20%
Ordinary resolution number 11:
Authority to action
Number of shares 31 967 579 - 56 710 31 967 579
Percentage 100,00% 0,00% 0,10% 54,18%
Special resolution number 1:
Remuneration of non-executive
directors
Number of shares 31 967 279 9 000 48 010 31 976 279
Percentage 99,97% 0,03% 0,08% 54,20%
Special resolution number 2: Financial
assistance to related and inter-related
companies
Number of shares 28 537 722 3 437 857 48 710 31 975 579
Percentage 89,25% 10,75% 0,08% 54,20%
Special resolution number 3: General
authority to the company and its
subsidiaries to repurchase shares
Number of shares 31 822 527 101 252 40 510 31 983 779
Percentage 99,68% 0,32% 0,07% 54,21%
As required in terms of the King IV Report on Corporate Governance for South Africa and paragraph 3.84(j) of the
JSE Limited Listings Requirements, Mustek invites those Shareholders who voted against ordinary resolution
number 8.2 ("Dissenting Shareholders") to engage with the Company regarding their views on Mustek’s
Implementation Report. Dissenting Shareholders may forward their concerns/questions regarding Mustek’s
Implementation Report to Ms Shabana Aboo Baker Ebrahim, Group Financial Director via email at
ShabanaA@mustek.co.za by 10h00 on 31 January 2023.
Following receipt of written communication by the Group Financial Director, such Dissenting Shareholders will be
invited to attend a meeting (“Meeting”) with the Chairperson of the Remuneration Committee, Mr Ralph
Patmore/Management. The date, time and venue of the Meeting will be communicated to Dissenting Shareholders
who have forwarded their concerns/questions to the Group Financial Director.
Midrand
5 December 2022
Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited
Date: 05-12-2022 03:20:00
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