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Report on proceedings at the annual general meeting
Mpact Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/025229/06)
JSE share code: MPT ISIN: ZAE000156501
(“Mpact” or “the Company”)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the Annual General Meeting ("AGM") of the Shareholders of Mpact held on
Thursday, 01 June 2023, all the Ordinary resolutions proposed were approved by
the requisite majority of votes. All the Special resolutions and the Non-binding
advisory votes 1 and 2 did not obtain the requisite number of votes.
Mpact confirms the voting statistics from the AGM as follows:
Votes cast Shares Shares
disclosed as a voted abstained
percentage in disclosed disclosed
relation to the as a as a
total number of Number of percentage percentage
Resolutions shares voted at shares in in
the AGM voted relation relation
to the to the
total total
issued issued
For Against shares* shares*
Ordinary resolution 1.1.
Re-election of ABA Conrad 99.23% 0.77% 69,024,740 46.18% 41.34%
Ordinary resolution 1.2.
Re-election of AJ Phillips 61.19% 38.81% 130,575,701 87.37% 0.16%
Ordinary resolution 1.3.
Re-election of PCS Luthuli 100.00% 0.00% 80,273,758 53.71% 33.82%
Ordinary resolution 2.1.
Election of TDA Ross as
Audit and Risk Committee
member 55.87% 44.13% 130,575,701 87.37% 0.16%
Ordinary resolution 2.2.
Election of PCS Luthuli as
Audit and Risk Committee
member 100.00% 0.00% 80,273,758 53.71% 33.82%
Ordinary resolution 2.3.
Election of DG Wilson as
Audit and Risk Committee
member 99.75% 0.25% 130,575,701 87.37% 0.16%
Ordinary resolution 3:
Appointment of PWC as
auditors 100.00% 0.00% 130,575,701 87.37% 0.16%
Non-binding advisory vote
1: Remuneration policy 58.29% 41.71% 130,573,350 87.37% 0.16%
Non-binding advisory vote
2: Implementation report 58.29% 41.71% 130,573,350 87.37% 0.16%
Special resolution 1:
General authority to
repurchase shares 61.32% 38.68% 130,575,701 87.37% 0.16%
Special resolution 2:
General authority to
provide financial
assistance 60.56% 39.44% 130,575,701 87.37% 0.16%
Special resolution 3: Non-
executive directors’
remuneration 60.59% 39.41% 130,560,350 87.36% 0.17%
• *Total number of shares in issue 149,453,688
• Total number of shares represented (including
proxies) at the Annual General Meeting 130,814,303
• Proportion of total voteable shares
represented at the Annual General Meeting 87.53%
Notes:
Shareholders are advised that the Non-binding advisory votes 1 and 2 (the
Remuneration Policy and the Implementation Report, respectively), and all the
Special Resolutions did not receive the required 75% approval from Mpact's
shareholders present in person or represented by proxy at the AGM.
The Board is committed to engaging with shareholders on the Remuneration Policy
and the Implementation Report and invites shareholders to engage with the Company
in the following manner:
1. Shareholders are invited to forward their questions on the Remuneration Policy
and the Implementation Report to the Group Company Secretary in writing to
cosec@mpact.co.za by close of business on Monday, 12 June 2023.
2. We value the opportunity to engage with shareholders to understand and address
their questions and will schedule a meeting with these shareholders at a
suitable date and time.
Melrose Arch
01 June 2023
Sponsor
The Standard Bank of South Africa Limited
Date: 01-06-2023 05:45:00
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