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ASA - ABSA Group Limited - Results of the Annual General Meeting (AGM)

Release Date: 21/04/2011 13:02
Code(s): ASA
Wrap Text

ASA - ABSA Group Limited - Results of the Annual General Meeting (AGM) ABSA GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1986/003934/06) ISIN: ZAE000067237 JSE share code: ASA Issuer code: AMAGB (the Group or the Company) RESULTS OF THE ANNUAL GENERAL MEETING (AGM) Shareholders of the Group are advised that at the AGM held on Thursday, 21 April 2011, all the resolutions set out in the notice of AGM sent to shareholders as part of the annual report for the year ended 31 December 2010 were passed by the requisite majority of votes. Votes for (%) Result Ordinary resolutions Resolution to consider the Group and the Company audited financial statements for the year ended 31 December 2010: 99.99 Passed Resolution to re-appoint the Company`s auditors: 99.85 Passed Resolutions to re-elect retiring directors: B P Connellan 98.76 Passed G Griffin 98.92 Passed Y Z Cuba 98.39 Passed B C M M de Vitry d`Avaucourt 99.56 Passed A P Jenkins 98.72 Passed T M Mokgosi-Mwantembe 99.75 Passed T S Munday 99.75 Passed M D C D N C Ramos 99.41 Passed Resolution to confirm the appointment of a new director appointed after the last AGM: C Beggs 99.75 Passed Resolution regarding the placing of unissued shares under the control of the directors: 93.37 Passed Special resolutions Special resolution to sanction the Proposed remuneration of the non-executive directors, payable from 1 May 2011: 99.89 Passed Special resolution to amend article 149: 99.26 Passed Special resolution to amend article 157: 99.99 Passed Special resolution to delete article 157A: 99.99 Passed Special resolution regarding the authority for a general repurchase of ordinary shares of the Company: 99.99 Passed The special resolutions will be lodged with the Companies and Intellectual Property Registration Office (CIPRO) in due course and, where appropriate, the Registrar of Banks. D C Arnold and M W Hlahla retired at the AGM. The Group Chairman, G Griffin, stated: "I would like to thank Des Arnold for his dedication and expert contribution to the Absa Group board since 2003, notably as Chairman of the Group Audit and Compliance Committee, but also as a member of the Group Risk and Capital Management, Directors` Affairs and Board Finance Committees. I wish him a pleasant retirement. I would also like to extend my thanks to Monhla Hlahla, who joined the board in 2005 and served on the Group Risk and Capital Management Committee. Monhla, who retired by rotation at this annual general meeting, has not made herself available for re-election. I wish her well in her future endeavours." Johannesburg 21 April 2011 Enquiries: David Hodnett Group Financial Director Tel: (+2711) 350 2623 Email: David.Hodnett@absa.co.za Sponsor: J.P. Morgan Equities Limited Date: 21/04/2011 13:02:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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