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Results of Annual General Meeting and retirement of Director
Standard Bank Group Limited
Registration No. 1969/017128/06
Incorporated in the Republic of South Africa
JSE and A2X share code: SBK
ISIN: ZAE000109815
NSX share code: SNB
(“Standard Bank Group” or “the Company”)
Results of Annual General Meeting and Retirement of Director
Standard Bank Group is pleased to advise its shareholders that all the
ordinary and special resolutions proposed in the Notice of annual general
meeting (“AGM”) and tabled at the Company’s AGM held at 09h00 today,
Thursday, 27 May 2021 were passed by the requisite majority of votes cast
by shareholders.
As a result of there being more than 25% of the votes exercised against
the non-binding advisory resolution 5.1, shareholders will be invited to
raise their concerns or recommendations on the Group’s remuneration
policy. Further details in this regard will be announced on SENS in due
course.
As at Friday, 21 May 2021, being the AGM record date (“Voting Record
Date”), the Standard Bank Group’s share capital was as follows:
- the total number of ordinary shares of 10 cents each (“Ordinary
Shares”) in issue was 1 619 941 184, (“Standard Bank Issued Ordinary
Shares”); and
- the total number of non-redeemable preference shares of 1 cent each
(“Preference Shares”) in issue was 52 982 248, (“Standard Bank Issued
Preference Shares”).
The issued Ordinary and Preference Shares eligible to vote by being present
in person (online) or by submitting proxies was as follows:
- 1 335 551 439 Ordinary Shares, being 82,44% of issued Ordinary Shares
(“Standard Bank Voteable Ordinary Shares”); and
- 9 790 611 Preference Shares, being 18% of the issued Preference Shares
(“Standard Bank Voteable Preference Shares”).
The voting details with respect to the proposed resolutions were as
follows:
1. Ordinary Resolution – Re-election of directors
Ordinary
Total Ordinary Shares voted Shares
abstained
Directors Against
For (%)(1) Number %(2) %(2)
(%)(1)
1.1 Paul Cook 100 0 1 315 922 943 81,23 0,15
1.2 Thulani Gcabashe 67,63 32,37 1 310 098 522 80,87 0,51
1.3 Xueqing Guan 98,40 1,60 1 315 922 745 81,23 0,15
1.4 Kgomotso Moroka 87,13 12,87 1 315 922 443 81,23 0,15
1.5 Atedo Peterside 95,53 4,47 1 315 922 943 81,23 0,15
1.6 Myles Ruck 86,93 13,07 1 315 937 233 81,23 0,15
1.7 Lubin Wang 98,12 1,88 1 315 922 743 81,23 0,15
2. Ordinary Resolution – Re-appointment of external auditors
Ordinary
Total Ordinary Shares voted Shares
abstained
Against
For (%)(1) Number %(2) %(2)
(%)(1)
2.1 KPMG Inc. 70,46 29,54 1 315 927 648 81,23 0,15
2.2 PWC Inc. 77,03 22,97 1 315 940 718 81,23 0,15
3. Ordinary Resolution – Placing of authorised but unissued ordinary
shares under the control of the directors
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
90,21 9,79 1 315 243 309 81,19 0,19
4. Ordinary Resolution – Placing of authorised but unissued non-redeemable
preference shares under the control of the directors
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
98,52 1,48 1 313 139 727 81,06 0,32
5. Ordinary Resolution – Non-binding advisory vote on remuneration
policy and implementation report
Ordinary
Total Ordinary Shares voted Shares
abstained
Against
For (%)(1) Number %(2) %(2)
(%)(1)
5.1 Standard Bank
Group’s
68,05 31,95 1 310 040 990 80,87 0,51
remuneration
policy
5.2 Standard Bank
Group’s
implementation 79,38 20,62 1 310 040 343 80,87 0,51
report
6. Special Resolution – General authority to acquire the Company’s ordinary
shares
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
99.22 0.78 1 315 939 177 81.23 0,15
7. Special Resolution – General authority to acquire the Company’s
preference shares
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
99,22 0,78 1 312 487 160 81, 02 0,36
Preference
Total Preference Shares voted Shares
abstained
For (%)(3) Against (%)(3) Number %(4) %(4)
99,87 0,13 9 665 677 18,24 0,24
In regard to resolution 7 (special resolution), the holders of Preference
Shares were entitled to vote.
8. Special Resolution – Loans or other financial assistance to related
or inter-related companies
Ordinary
Total Ordinary Shares voted Shares
abstained
For (%)(1) Against (%)(1) Number %(2) %(2)
98,18 1,82 1 315 923 119 81,23 0,15
(1) Expressed as a percentage of Standard Bank’s voteable Ordinary Shares
for the resolution.
(2) Expressed as a percentage of 1 619 941 184 Standard Bank Issued
Ordinary Shares.
(3) Expressed as a percentage of Standard Bank’s voteable Preference
Shares for the resolution.
(4) Expressed as a percentage of 52 982 248 Standard Bank Issued
Preference Shares.
RETIREMENT OF A DIRECTOR
In compliance with paragraph 3.59 of the Listings Requirements of the JSE
Limited, Standard Bank Group announces that, having reached retirement
age, André Parker retired as an independent non-executive director at the
close of the company’s Annual General Meeting held today, Thursday, 27 May
2021. The board extends its sincere appreciation to André Parker for his
invaluable contribution to the group.
Johannesburg
27 May 2021
Lead sponsor
The Standard Bank of South Africa Limited
Independent Sponsor
JP Morgan Equities South Africa Proprietary Limited
Namibian sponsor
Simonis Storm Securities (Proprietary) Limited
Date: 27-05-2021 05:25:00
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