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Results of Annual General Meeting and changes to the board of directors
PPC Ltd
(Incorporated in the Republic of South Africa)
(Company registration number 1892/000667/06)
JSE ISIN: ZAE000170049
JSE code: PPC ZSE code: PPC
(“PPC” or “Company”)
Results of Annual General Meeting (“AGM”) and changes to the Board of Directors
Shareholders of PPC (“Shareholders”) are hereby advised that all proposed ordinary and
special resolutions contained in the Notice of the AGM dated 16 July 2021 and tabled at
the Company’s AGM held on Friday, 27 August 2021, were passed by the requisite majority
of votes cast by Shareholders, as reported below:
Resolutions proposed Number of Shares Percentage Percentage Percentage
shares voted** voted* For** Against** Abstained**
Ordinary Resolution 953 918 148 59,88% 99.97% 0.03% 0.11%
1.1 – Election of Ms
Kunyalala Maphisa
Ordinary Resolution 953 918 148 59.88% 99.98% 0.02% 0.11%
1.2
Election of Ms Brenda
Berlin
Ordinary Resolution 944 331 741 59.28% 99.71% 0.29% 0.71%
2.1
Re-election of Ms
Nonkululeko Gobodo
Ordinary Resolution 953 918 148 59,88% 99,74% 0,26% 0,11%
2.2
Re-election of Mr
Charles Naude
Ordinary Resolution 944 331 741 59,28% 99,98% 0,02% 0,71%
3.1
Appointment to audit
committee – Ms
Nonkululeko Gobodo
Ordinary Resolution 953 918 148 59,88% 97,76% 2,24% 0,11%
3.2
Appointment to the
audit committee – Ms
Noluvuyo Mkhondo
Ordinary Resolution 953 918 148 59,88% 100,00% 0,00% 0,11%
3.3
Appointment to audit
committee – Mr Mark
Richard Thompson
Ordinary Resolution 4 945 029 311 59,32% 92,88% 7,12% 0,67%
Re-appointment of
external Auditor
Deloitte & Touche
Ordinary Resolution 953 907 628 59,88% 85,67% 14,33% 0,11%
5.1
Non-binding advisory
vote – Remuneration
Policy
Ordinary Resolution 953 905 628 59,88% 89,78% 10,22% 0,11%
5.2
Non-binding advisory
vote – Remuneration
Implementation Report
Ordinary Resolution 6 952 599 215 59,79% 99,96% 0,04% 0,19%
Authority to
implement resolutions
Special Resolutions 953 907 528 59,88% 99,22% 0,78% 0,11%
1.1
Financial Assistance
– Section 44
Special Resolutions 953 907 528 59,88% 97,80% 2,20% 0,11%
1.2
Financial Assistance
– Section 45
Special Resolution 953 881 123 59,88% 95,69% 4,31% 0,11%
2.1
Remuneration – Board
Chairman
Special Resolution 953 881 123 59,88% 99,93% 0,07% 0,11%
2.2
Remuneration – Non-
Executive director
Special Resolution 953 896 048 59,88% 99,98% 0,02% 0,11%
2.3
Audit & Risk
Committee Chairman
Special Resolution 953 896 048 59,88% 99,98% 0,02% 0,11%
2.4
Audit & Risk
Committee – Member
Special Resolution 953 896 048 59,88% 99,98% 0,02% 0,11%
2.5
Social and Ethics
Committee – Chairman
Special Resolution 953 896 048 59,88% 99,98% 0,02% 0,11%
2.6
Social and Ethics
Committee – Member
Special Resolution 953 896 048 59,88% 99,49% 0,51% 0,11%
2.7
Nominations and
Remuneration
Committee – Chairman
Special Resolution 953 896 048 59,88% 99,98% 0,02% 0,11%
2.8
Nominations and
Remuneration
Committee – Member
Special Resolution 953 896 048 59,88% 99,98% 0,02% 0,11%
2.9
Remuneration
Committee – Chairman
Special Resolution 953 896 048 59,88% 99,98% 0,02% 0,11%
2.10
Remuneration
Committee – Member
Special Resolution 953 896 048 59,88% 99,98% 0,02% 0,11%
2.11
Investment Committee
– Chairman
Special Resolution 953 896 048 59,88% 99,98% 0,02% 0,11%
2.12
Investment committee
– Member
Special Resolution 953 886 930 59,88% 98,30% 1,70% 0,11%
2.13 Special meetings
– Chairman
Special Resolution 953 886 930 59,88% 98,30% 1,70% 0,11%
2.14
Special meetings –
Member
Special Resolution 3 951 527 534 59,73% 99,98% 0,02% 0,26%
General authority to
repurchase shares
* As a percentage to the total number of PPC ordinary shares in issue
** As a percentage to the total number of shares voted at the AGM
Changes to the Board of Directors of PPC (“Board”)
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited,
Shareholders are advised that Mr Todd Moyo has retired as a non-executive director of
PPC at the AGM. Mr Moyo served on the Nominations and Remuneration committees. The
Board has commenced the process of appointing a replacement for Mr Moyo, the outcome of
which will be announced in due course. The Board would like to thank Mr Moyo for his
valuable contribution to the Company and wishes him all the best in his future
endeavours.
Furthermore, the Board wishes to inform Shareholders that it has resolved to
consolidate its Remuneration Committee and Nominations Committee into a single
committee. The consolidation will be effective on 1 October 2021 and the members of the
combined Remuneration and Nominations Committee will comprise the following non-
executive directors:
Nono Mkhondo (Chair);
Jabu Moleketi; and
Charles Naude.
Kevin Ross
Company Secretary
27 August 2021
Sponsor:
Sasfin Capital, a member of the Sasfin Group
Financial Communications Advisor:
Instinctif Partners
Louise Fortuin
Mobile: +27 71 605 4294
Date: 27-08-2021 05:42:00
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