PPC LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

PPC Ltd (Incorporated in the Republic of South Africa)
Company registration number: 1892/000667/06
JSE / ZSE code: PPC
JSE ISIN: ZAE 000170049
JSE code: PPC003
JSE ISIN: ZAG000117524
(“PPC” or “Company”)


Results of Annual General Meeting (AGM)

PPC advises its shareholders that all the proposed ordinary and special resolutions
contained in the Notice of the AGM (“Notice”) dated 18 July 2019 and tabled at the
Company’s AGM held on Thursday, 29 August 2019 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 number 1 –
Election of Mr Mark Richard          1 382 344 918   86.77%      99.38%       0.62%         0.06%
Thompson                                     


Ordinary resolution number 2.1 –
Re-election of Ms Nonkululeko        1 382 344 918   86.77%      99.25%       0.75%         0.06%
Gobodo

Ordinary resolution number 2.2 –
Re-election of Mr Anthony Charles    1 382 659 918   86.79%      99.37%       0.63%         0.04%
Ball

Ordinary resolution number 2.3 –
                                     1 369 166 358   85.94%      99.29%       0.71%         0.89%
Re-election of Mr Charles Naude

Ordinary resolution number 3.1 –
Appointment to audit committee –     1 382 343 418   86.77%      99.18%       0.82%         0.06%
Ms Nonkululeko Gobodo

Ordinary resolution number 3.2 –
Appointment to the audit committee   1 382 345 418   86.77%      99.25%       0.75%         0.06%
– Ms Noluvuyo Mkhondo

Ordinary resolution number 3.3 –
Appointment to audit committee –     1 382 346 918   86.77%      99.26%       0.74%         0.06%
Mr Mark Richard Thompson

Ordinary resolution number 3.4 –
Appointment to audit committee –     1 369 168 358   85.94%      79.14%       20.86%        0.89%
Mr Charles Naude

Ordinary resolution number 4 –
Reappointment of external auditor    1 382 346 748   86.77%      68.89%       31.11%        0.06%
Deloitte & Touche

Ordinary resolution number 5.1 –
Non-binding advisory vote –          1 382 319 758   86.77%      95.97%       4.03%         0.06%
remuneration policy

Ordinary resolution number 5.2 –
Non-binding advisory vote –          1 382 321 758   86.77%      96.71%       3.29%         0.06%
remuneration implementation report

Ordinary resolution number 6 – To
place unissued shares under the      1 382 347 399   86.77%      92.66%       7.34%         0.06%
control of directors

Ordinary resolution number 7 –
General authority to issue shares    1 382 636 549   86.79%      91.49%       8.51%         0.04%
for cash

Ordinary resolution number 8 –
Authority to implement resolutions   1 382 345 383   86.77%      99.26%       0.74%         0.06%


Special resolution number 1.1 –
Financial assistance – section 44    1 382 343 099   86.77%      96.13%       3.87%         0.06%


Special resolution number 1.2 –
Financial assistance – section 45    1 382 343 099   86.77%      95.39%       4.61%         0.06%


Special resolution number 2.1 –
Remuneration – board chairman        1 382 339 629   86.77%      93.95%       6.05%         0.06%


Special resolution number 2.2 –
Remuneration – non-                  1 382 336 978   86.77%      99.25%       0.75%         0.06%
executive director

Special resolution number 2.3 –
Audit and risk committee chairman    1 382 339 399   86.77%      99.25%       0.75%         0.06%


Special resolution number 2.4 –
Audit and risk committee – member    1 382 339 399   86.77%      99.25%       0.75%         0.06%


Special resolution number 2.5 –
Remuneration committee – chairman    1 382 340 929   86.77%      99.25%       0.75%         0.06%


Special resolution number 2.6 –
Remuneration committee – member      1 382 340 929   86.77%      99.25%       0.75%         0.06%


Special resolution number 2.7 –
Social and ethics committee –        1 382 341 399   86.77%      99.25%       0.75%         0.06%
chairman

Special resolution number 2.8 –
Social and ethics committee –        1 382 339 399   86.77%      99.25%       0.75%         0.06%
member

Special resolution number 2.9 –
Nominations committee – chairman     1 382 339 399   86.77%      99.25%       0.75%         0.06%


Special resolution number 2.10 –
Nominations committee – member       1 382 339 399   86.77%      99.25%       0.75%         0.06%


Special resolution number 2.11 –
Investment committee – chairman      1 382 339 399   86.77%      99.25%       0.75%         0.06%


Special resolution number 2.12 –
Investment committee – member        1 382 339 399   86.77%      99.25%       0.75%         0.06%


Special resolution number 2.13 –
Special meetings – chairman          1 382 339 399   86.77%      98.51%       1.49%         0.06%


Special resolution number 2.14 –
Special meetings – member            1 382 339 399   86.77%      98.51%       1.49%         0.06%


Special resolution number 3 –
General authority to                 1 382 660 399   86.79%      99.26%       0.74%         0.04%
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



Kristell Holtzhausen
Company Secretary

29 August 2019

Sponsor:
Merrill Lynch South Africa (Pty) Limited

Date: 29/08/2019 04:00:00
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