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Results of Annual General Meeting and change 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 change to the Board of Directors
Shareholders are hereby advised that all proposed ordinary and special resolutions
contained in the Notice of the AGM (“Notice”) dated 8 October 2020 and tabled at the
Company’s AGM held on Monday, 16 November 2020 were passed by the requisite majority of
votes cast by shareholders, except for ordinary resolution 7, as reported below:
Resolutions proposed Number of Shares Percentage Percentage Percentage
shares voted* For** Against** Abstained**
voted**
Ordinary resolution number 1.1 – 931,860,097 58.49% 99.86% 0.14% 2.26%
Appointment of Mr Roland van
Wijnen
Ordinary resolution number 1.2 – 961,915,370 60.38% 99.85% 0.15% 0.37%
Appointment of Ms Ronel van Dijk
Ordinary resolution number 2.1 – 961,861,920 60.38% 94.83% 5.17% 0.38%
Re-election of Mr Jabulani
Moleketi
Ordinary resolution number 2.2 – 961,701,020 60.37% 99.51% 0.49% 0.39%
Re-election of Ms Noluvuyo
Mkhondo
Ordinary resolution number 3.1 – 961,761,020 60.37% 95.71% 4.29% 0.38%
Appointment to ARCC – Ms
Nonkululeko Gobodo
Ordinary resolution number 3.2 – 961,761,020 60.37% 95.43% 4.57% 0.38%
Appointment to the ARCC – Ms
Noluvuyo Mkhondo
Ordinary resolution number 3.3 – 961,754,420 60.37% 95.78% 4.22% 0.38%
Appointment to ARCC – Mr Mark
Thompson
Ordinary resolution number 4 – 961,977,909 60.38% 83.53% 16.47% 0.37%
Reappointment of external auditor
Deloitte and audit partner – Mr
Patrick Ndlovu
Ordinary resolution number 5.1 – 960,992,074 60.32% 88.79% 11.21% 0.43%
Non-binding advisory vote –
remuneration policy
Ordinary resolution number 5.2 – 960,992,574 60.32% 79.63% 20.37% 0.43%
Non-binding advisory vote –
remuneration implementation
report
Ordinary resolution number 6 – To 962,034,202 60.39% 62.95% 37.05% 0.37%
place unissued shares under the
control of directors
Ordinary resolution number 7 – 962,835,243 60.44% 66.11%*** 33.89% 0.32%
General authority to issue shares
for cash
Ordinary resolution number 8 – 961,949,108 60.38% 99.78% 0.22% 0.37%
Authority to implement
resolutions
Special resolution number 1.1 - 961,693,953 60.37% 99.58% 0.42% 0.39%
Financial assistance – section 44
Special resolution number 1.2 - 961,691,953 60.37% 95.50% 4.50% 0.39%
Financial assistance – section 45
Special resolution number 2.1 - 961,810,130 60.37% 97.94% 2.06%
0.38%
Remuneration – board chair
Special resolution number 2.2 - 961,810,130 60.37% 98.89% 1.11% 0.38%
Remuneration – NED
Special resolution number 2.3 - 961,686,430 60.37% 99.80% 0.20% 0.39%
ARCC – chair
Special resolution number 2.4 - 961,685,829 60.37% 99.82% 0.18% 0.39%
ARCC – member
Special resolution number 2.5 - 961,686,430 60.37% 99.81% 0.19% 0.39%
REMCO – chair
Special resolution number 2.6 - 961,686,430 60.37% 99.82% 0.18% 0.39%
REMCO – member
Special resolution number 2.7 - 961,685,829 60.37% 99.81% 0.19% 0.39%
SETCO – chair
Special resolution number 2.8 - 961,686,430 60.37% 99.82% 0.18% 0.39%
SETCO – member
Special resolution number 2.9 - 961,686,430 60.37% 99.81% 0.19% 0.39%
NOMCO – chair
Special resolution number 2.10 - 961,686,430 60.37% 99.82% 0.18% 0.39%
NOMCO – member
Special resolution number 2.11 - 961,686,430 60.37% 99.82% 0.18% 0.39%
IC – chair
Special resolution number 2.12 - 961,686,430 60.37% 99.82% 0.18% 0.39%
IC – member
Special resolution number 2.13 - 961,686,430 60.37% 95.33% 4.67% 0.39%
Special meetings – chair
Special resolution number 2.14 - 961,686,430 60.37% 95.36% 4.64% 0.39%
Special meetings – member
Special resolution number 3 - 962,988,443 60.45% 99.85% 0.15% 0.31%
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 annual general meeting
*** In terms of JSE Listing Requirement, the percentage of votes required for ordinary
resolution 7 to be adopted is at least 75%, therefore ordinary resolution 7 was not
adopted.
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the
Board wishes to inform shareholders that Adv. Mojankunyane Gumbi has retired at the
Annual General Meeting. The Board, through the Nominations Committee, will be
appointing a replacement which will be announced once the process has been completed
The Board would like to thank Adv. Gumbi for her valuable contribution to the Company
and wish her all the best in her future endeavours.
Kristell Holtzhausen
Company Secretary
16 November 2020
Sponsor:
Merrill Lynch South Africa (Pty) Limited
Financial Communications Advisor:
Instinctif Partners
Louise Fortuin
Mobile: +27 71 605 4294
Date: 16-11-2020 05:43:00
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